Harmonic Inc (NASDAQ: HLIT) has reported E.P.S. of $-0.11 for its second fiscal quarter (ending June 30) versus $0.01 for the same period a year ago. E.P.S. were $0.51 for the latest four quarters through June 30 versus $0.20 for the same period a year ago.
Recent Price Action
Harmonic Inc (NASDAQ: HLIT) stock declined by -2.4% on 7/29/24. The shares closed at $11.75. Moreover, this decline was accompanied by unusually high trading volume at 180% of normal. The stock has performed in line with the market over the last nine months and has declined -4.3% during the last week.
Current PriceTarget Research Rating
HLIT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Harmonic has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Harmonic has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 36, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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