Harmonic (HLIT) Misses Q3 EPS by 4c

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Jefferies Raises Price Target on Harmonic (HLIT) to $4 Following Difficult 3Q

November 11, 2016 8:22 AM EST

Jefferies reiterated a Hold rating on Harmonic Inc. (NASDAQ: HLIT), and raised the price target to $4.00 (from $3.50), following the company's 3Q earnings report. Harmonics Q3 print was disappointing at first glance, with numbers that came in below Street estimates. A decline in the legacy... More