Can Harmonic Inc (HLIT)’s Tomorrow be Different? The Stock Formed a Double Bottom





October 31, 2017 – By Dolores Ford







Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.49, from 1.28 in 2017Q1. It is negative, as 15 investors sold Harmonic Inc shares while 43 reduced holdings. 14 funds opened positions while 32 raised stakes. 81.06 million shares or 4.54% more from 77.54 million shares in 2017Q1 were reported.
Morgan Stanley reported 0% stake. Northern Tru accumulated 968,459 shares or 0% of the stock. Paradigm Capital Mgmt New York owns 0.02% invested in Harmonic Inc (NASDAQ:HLIT) for 46,000 shares. Rgm Ltd Limited Liability Company owns 3.56% invested in Harmonic Inc (NASDAQ:HLIT) for 6.67M shares. 649,401 are owned by Olstein Capital Ltd Partnership. Barclays Public Ltd Com holds 11,090 shares. Hall Laurie J Trustee has 1,510 shares for 0% of their portfolio. Alliancebernstein L P, a New York-based fund reported 57,059 shares. Arizona State Retirement Sys, Arizona-based fund reported 42,018 shares. Fuller And Thaler Asset Mgmt has invested 0.18% in Harmonic Inc (NASDAQ:HLIT). California Employees Retirement Systems stated it has 226,075 shares or 0% of all its holdings. 17,412 are held by Piedmont Inv Lc. Deutsche Bank Ag reported 91,088 shares stake. New York State Common Retirement Fund holds 80,100 shares. Tdam Usa, a Ontario – Canada-based fund reported 165,537 shares.

Since May 11, 2017, it had 0 insider purchases, and 2 sales for $76,151 activity.

The chart of Harmonic Inc (HLIT) shows a double bottom with $3.44 target or 7.00 % below today’s $3.70 share price. The 6 months chart pattern indicates high risk for the $300.71 million company. It was reported on Oct, 31 by Finviz.com. If the $3.44 price target is reached, the company will be worth $21.05M less. Double bottoms are rare but powerful chart patterns.

About 1.24 million shares traded or 168.99% up from the average. Harmonic Inc (NASDAQ:HLIT) has risen 101.17% since October 31, 2016 and is uptrending. It has outperformed by 84.47% the S&P500.

Analysts expect Harmonic Inc (NASDAQ:HLIT) to report $-0.13 EPS on November, 8.They anticipate $0.09 EPS change or 225.00 % from last quarter’s $-0.04 EPS. After having $-0.22 EPS previously, Harmonic Inc’s badysts see -40.91 % EPS growth.

Harmonic Inc (NASDAQ:HLIT) Ratings Coverage

Among 4 badysts covering Harmonic Inc (NASDAQ:HLIT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Harmonic Inc had 11 badyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, August 10 by Drexel Hamilton. The firm has “Hold” rating given on Friday, July 24 by Drexel Hamilton. The rating was maintained by Jefferies with “Hold” on Tuesday, June 6. The firm has “Buy” rating given on Monday, October 16 by Northland Capital. The rating was downgraded by Drexel Hamilton on Tuesday, March 14 to “Hold”. On Friday, July 14 the stock rating was maintained by Northland Capital with “Buy”. Jefferies maintained the stock with “Hold” rating in Tuesday, October 10 report. Dougherty & Company initiated Harmonic Inc (NASDAQ:HLIT) on Tuesday, December 6 with “Buy” rating. The company was initiated on Wednesday, January 13 by Northland Capital. The firm has “Hold” rating given on Thursday, September 7 by Jefferies.

More news for Harmonic Inc (NASDAQ:HLIT) were recently published by: Globenewswire.com, which released: “Avid and Harmonic Sign Global Patent Licensing Agreement, Settle Litigation” on October 30, 2017. Prnewswire.com‘s article titled: “Today’s Research Report Coverage on Communication Equipment Stocks — Harmonic …” and published on October 31, 2017 is yet another important article.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and badysts’ ratings with our FREE daily email newsletter.



Source link

Leave a Reply