Harmonic (HLIT) Misses Q1 EPS by 9c; Guides Below

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Go back to Harmonic (HLIT) Misses Q1 EPS by 9c; Guides Below

Harmonic Inc. (HLIT) PT Lowered to $4 at Jefferies; Reiterates Hold

May 2, 2017 9:10 AM EDT

Jefferies lowered its price target on Harmonic Inc. (NASDAQ: HLIT) to $4.00 (from $4.75) while maintaining a Hold rating. March quarter sales totaled $83.5 million, below the Street's $93.1 million estimate.

Weaker video revenue of $74.5 million led to the light top line while Cable Edge revenue... More