Economy

The Harmonic Inc. (HLIT) Announces Quarterly Earnings Results

(NASDAQ:HLIT) opened at 2.85 on Monday.

The biggest institutional shareholders in Harmonic Inc. include T. Rowe Price Associates, Inc. which owns 11 million shares in the company valued at $58.35 million. Amalgamated Bancorporation reported 0% stake.

Total shares held by institutions as of the most recent company filings are 87,905,370 with a reported 2,686,361 bought and 2,553,476 sold. Municipal Employees Retirement System of MI now owns 19,030 shares of the communications equipment provider's stock valued at $100,000 after purchasing an additional 1,010 shares in the last quarter. Biogen Inc now has $66.78 billion valuation.

The stock decreased 1.72% or $0.05 on October 27, reaching $2.85. $1.94M worth of Omnicom Group Inc. Biogen Inc (NASDAQ:BIIB) has risen 4.94% since October 30, 2016 and is uptrending. It has underperformed by 15.55% the S&P500.

Since May 11, 2017, it had 0 buys, and 2 selling transactions for $76,151 activity. 1,679 shares were sold by COVERT HAROLD L, worth $8,395 on Wednesday, May 17. BMO Capital Markets maintained the shares of OMC in report on Thursday, July 13 with "Hold" rating. Harmonic has a 1-year low of $2.80 and a 1-year high of $6.18. The company presently has a consensus rating of "Hold" and a consensus price target of $5.15.

The consensus analysts recommendation at this point stands at 2.30 on Harmonic Inc. The firm has "Buy" rating given on Wednesday, August 10 by Drexel Hamilton. On Thursday, September 7 the stock rating was maintained by Jefferies with "Hold". Jefferies has "Hold" rating and $3.5 target.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Monday, July 31st. Northland Capital has "Buy" rating and $6.0 target. (NYSE:OMC) on Friday, October 16 to "Hold" rating. (NYSE:OMC) has "Buy" rating given on Thursday, July 23 by Argus Research. The firm earned "Buy" rating on Tuesday, December 6 by Dougherty & Company.

Shares of Harmonic (NASDAQ:HLIT) traded up 8.08% during trading on Wednesday, reaching $5.35. ValuEngine lowered shares of Harmonic from a "hold" rating to a "sell" rating in a report on Friday, August 4th. (NASDAQ:HLIT) to report earnings on Oct, 30 for the fiscal quarter ending Sep 2017.

They expect $-0.13 EPS, down 69.23% or $0.09 from last year's $-0.04 per share. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by $0.04.

Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The company was maintained on Tuesday, June 20 by RBC Capital Markets. The Company has two segments: Video and Cable Edge. It now has negative earnings. The Company's branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management, public relations and specialty communications.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.49, from 1.28 in 2017Q1. These holdings make up 98.83% of the company's outstanding shares. 14 funds opened positions while 32 raised stakes.

Analysts await Harmonic Inc. Ls Invest Advsr Ltd holds 0% or 2,970 shares. Citadel Advsr Lc holds 21,292 shares or 0% of its portfolio. 602,659 were accumulated by Invesco. 13,419 are held by Guggenheim Lc. Rhumbline Advisers reported 165,250 shares. Quantbot Technology Lp has 2,957 shares for 0% of their portfolio. Us Natl Bank De has invested 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT). (NYSE:OMC). Busey Trust Co invested in 60,468 shares. Parkside Bancorp & owns 54 shares for 0% of their portfolio. Nationwide Fund, a Pennsylvania-based fund reported 663,402 shares. State Bank Of Montreal Can holds 385,025 shares. Forte Cap Ltd Liability Adv holds 0.21% or 7,525 shares.

Among 29 analysts covering Biogen Idec Inc. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Therefore 66% are positive.



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