Stock Worth Watching: Is Buying Stock Like Harmonic Inc After Such Increase Winning Strategy?

Stock Worth Watching: Is Buying Stock Like Harmonic Inc After Such Increase Winning Strategy?

The stock of Harmonic Inc (NASDAQ:HLIT) is a huge mover today! About 343,777 shares traded hands. Harmonic Inc (NASDAQ:HLIT) has risen 70.92% since March 1, 2016 and is uptrending. It has outperformed by 61.68% the S&P500.
The move comes after 5 months positive chart setup for the $458.55M company. It was reported on Oct, 4 by Barchart.com. We have $14.10 PT which if reached, will make NASDAQ:HLIT worth $609.87M more.

Analysts await Harmonic Inc (NASDAQ:HLIT) to report earnings on October, 25. They expect $-0.01 earnings per share, up 66.67% or $0.02 from last year’s $-0.03 per share. After $-0.05 actual earnings per share reported by Harmonic Inc for the previous quarter, Wall Street now forecasts -80.00% EPS growth.

Harmonic Inc (NASDAQ:HLIT) Ratings Coverage

Out of 3 analysts covering Harmonic Inc (NASDAQ:HLIT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Harmonic Inc has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Drexel Hamilton on Friday, July 24 with “Hold”. The firm earned “Outperform” rating on Wednesday, January 13 by Northland Capital. The stock of Harmonic Inc (NASDAQ:HLIT) has “Buy” rating given on Wednesday, August 10 by Drexel Hamilton.

According to Zacks Investment Research, “Harmonic designs, manufactures and markets digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The company’s advanced solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access, telephony and video on demand. The company offers a broad range of fiber optic transmission and digital headend products for hybrid fiber coax, satellite and wireless networks.”

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.29, from 1 in 2016Q1. The ratio fall, as 13 funds sold all Harmonic Inc shares owned while 52 reduced positions. 10 funds bought stakes while 36 increased positions. They now own 72.60 million shares or 3.52% more from 70.14 million shares in 2016Q1.
Brown Advisory last reported 16,464 shares in the company. Pnc Finance Grp has 0% invested in the company for 12,616 shares. Systematic Fincl Ltd Partnership holds 0.03% or 710,628 shares in its portfolio. Paloma Mgmt holds 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT) for 12,139 shares. Asset holds 0.01% of its portfolio in Harmonic Inc (NASDAQ:HLIT) for 12,000 shares. Raymond James Financial Advsr Inc accumulated 0% or 22,200 shares. Ls Inv Advisors Lc holds 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT) for 2,970 shares. Price T Rowe Associates Md owns 9.25M shares or 0.01% of their US portfolio. Texas Permanent School Fund owns 59,123 shares or 0% of their US portfolio. D E Shaw And Company last reported 288,983 shares in the company. Rhumbline Advisers has 115,617 shares for 0% of their US portfolio. State Of Tennessee Treasury Department has 71,689 shares for 0% of their US portfolio. Rgm Ltd accumulated 2.46% or 7.16 million shares. Lazard Asset Management Lc holds 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT) for 346,200 shares. The New York-based Jpmorgan Chase has invested 0% in Harmonic Inc (NASDAQ:HLIT).

More recent Harmonic Inc (NASDAQ:HLIT) news were published by: Fool.com which released: “Why Harmonic, Inc. Shares Popped Today” on September 28, 2016. Also Fool.com published the news titled: “Why Shares of Harmonic Inc. Soared Today” on August 10, 2016. Marketwatch.com‘s news article titled: “Harmonic reaches warrant deal with Comcast” with publication date: September 27, 2016 was also an interesting one.

HLIT Company Profile

Harmonic Inc. (Harmonic), incorporated on March 29, 1995, designs, makes and sells video infrastructure products and system solutions. The Firm has two divisions: Video and Cable Edge. Harmonic provides technical support and professional services to its clients around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. The Company’s Cable Edge business sells cable edge solutions and related services to cable operators around the world.

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