Rosenblatt analyst Steve Frankel says the report of an activist campaign at Harmonic by top 10 shareholder Ancora Advisors, urging the rapid divestiture of the Video business, with the proceeds being used to buy back stock, is consistent with the firm’s thesis. The analyst believes Harmonic is currently on a path to do what the activist is calling for.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HLIT:
- Needham comm infrastructure analyst holds analyst/industry conference call
- Harmonic price target raised by $4 at Raymond James, here’s why
- Harmonic’s broadband platform selected by Okinawa Cable Network in Japan
- Harmonic price target lowered to $14 from $20 at Barclays
- Harmonic Announces Third Quarter 2023 Results