Top Performer of the day: Harmonic Inc. (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT) belonging to the Computer and Technology sector which declined -2.87% and closed its last trading session at $5.76.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 10/25/2016. Currently, the stock has a 1 Year Price Target of $5.88.

The consensus recommendation, according to Zacks Investment research, is 2.5. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2.5 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3 and 3 respectively.

Harmonic Inc. on 6/30/2016 reported its EPS as $0 with the analysts projecting the EPS of the stock as $-0.04. The company beat the analyst EPS Estimate with the difference of $0.04. This shows a surprise factor of 100%.

Many analysts have provided their estimated foresights on Harmonic Inc. Earnings, with 4 analysts believing the company would generate an Average Estimate of $0.02. Whereas they predicted High and Low Earnings Estimate as $0.03 and $0.01 respectively. While in the same Quarter Previous year, the Actual EPS was $0.

Analysts are also projecting an Average Revenue Estimate for Harmonic Inc. as $107.24 Million in the Current Quarter. This estimate is provided by 5 analysts. The High Revenue estimate is predicted as 108.3 Million, while the Low Revenue Estimate prediction stands at 106.3 Million. The company’s last year sales total was 83.3 Million.

The Company got Upgrade by Drexel Hamilton on 10-Aug-16 from Hold to Buy.

Insider Trades for Harmonic Inc. show that the latest trade was made on 1 Sep 2016 where Spriester (Bart), the Officer completed a transaction type “Sell” in which 9395 shares were traded at a price of $5.1.

1 Insider Sales transactions were made totaling 32606 shares traded.

4 analysts projected Price Targets for Harmonic Inc. The analysts believe that the company stock price could grow as high as $7. The Low Price target projection by analysts is $3.5 and the Mean Price Target is $5.88.

Harmonic Inc. (NASDAQ:HLIT) has the market capitalization of $445.65 Million. The company rocked its 52-Week High of $6.31 on Oct 7, 2015 and touched its 52-Week Low of $2.51 on May 19, 2016. The stock has Return on Assets (ROA) of -10.6 percent. Return on Equity (ROE) stands at -17.9% and Return on Investment (ROI) of -3.5 percent.

The stock is currently showing YTD performance of 41.52 Percent. The company has Beta Value of 1.27 and ATR value of 0.28. The Weekly and Monthly Volatility stands at 6.88% and 5.29%.

Company profile:

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.