In a report released today, Steve Frankel from Rosenblatt Securities reiterated a Buy rating on Harmonic (HLIT – Research Report), with a price target of $17.00. The company’s shares closed last Monday at $10.85.
Frankel has an average return of 16.0% when recommending Harmonic.
According to TipRanks.com, Frankel is ranked #7062 out of 7995 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Harmonic with a $14.67 average price target.
The company has a one-year high of $12.22 and a one-year low of $8.25. Currently, Harmonic has an average volume of 674.3K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLIT in relation to earlier this year. Most recently, in June 2022, Nimrod Ben-Natan, the SVP & GM, Cable Access of HLIT sold 80,000 shares for a total of $796,800.
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.
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