From MarketBeat:

Allspring Global Investments Holdings LLC has reduced its share in Harmonic Inc. by 90.9% in the third quarter. They owned 83,305 shares of the company, worth $802,000. Other investors like Jennison Associates LLC and Raymond James Financial Services Advisors Inc. have also bought and sold shares of the company.

Several analysts have given their opinion on Harmonic Inc., with the majority giving a “buy” or “strong buy” rating, with an average target price of $17.80 per share.

Shares of NASDAQ:HLIT opened at $11.25 on Friday, following a 0.6% increase. Harmonic Inc. has a 12-month low of $8.80 and a high of $18.43, with a market capitalization of $1.26 billion.

In a recent earnings report, Harmonic Inc. missed analyst expectations with ($0.05) earnings per share, lower than the estimated ($0.04) per share. The company had a revenue of $127.20 million for the quarter, below the expected $132.63 million. Predicted earnings per share for the current fiscal year stands at 0.16.

Harmonic Inc. provides video delivery software, products, system solutions, and services worldwide, operating in the video and broadband segments. Their services include video processing, production, and playout solutions to various media companies.



Read more: Allspring Global Investments Holdings LLC Sells 828,947 Shares of Harmonic Inc. (NASDAQ:HLIT)