In a report released yesterday, Simon Leopold from Raymond James maintained a Buy rating on Harmonic (HLIT). The company’s shares closed last Tuesday at $8.17, close to its 52-week high of $8.47.
According to TipRanks.com, Leopold is a 4-star analyst with an average return of 10.1% and a 61.1% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and Applied Optoelectronics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Harmonic with a $9.17 average price target.
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The company has a one-year high of $8.47 and a one-year low of $4.44. Currently, Harmonic has an average volume of 615.5K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock. Last month, Nimrod Ben-Natan, the SVP & GM, Cable Access of HLIT sold 100,000 shares for a total of $795,381.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Edge segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies, including streaming new media companies. The Cable Edge segment markets cable access solutions and related services, such as CableOS software-based Converged Cable Access Platform (CCAP) solutions. The company was founded in June 1988 and is headquartered in San Jose, CA.
