Harmonic (HLIT) Set to Announce Quarterly Earnings on Tuesday
Harmonic (NASDAQ:HLIT) is set to issue its quarterly earnings data on Tuesday, January 28th. Parties that are interested in registering for the company’s conference call can do so using this link.
Shares of Harmonic (NASDAQ:HLIT) opened at 6.60 on Monday. Harmonic has a one year low of $4.85 and a one year high of $8.25. The stock has a 50-day moving average of $7.11 and a 200-day moving average of $7.40. The company has a market cap of $665.3 million and a P/E ratio of 16.88.
On the ratings front, analysts at Raymond James downgraded shares of Harmonic from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.58.
Harmonic Inc, designs, manufactures and sells versatile and video infrastructure products and system solutions.
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