Stock News Summary: Harmonic Inc. (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT) stock observed trading -22.37% off 52-week high price. On the other end, the stock has been noted 40.18% away from low price over the last 52-weeks. The stock disclosed a move of -5.65% away from 50 day moving average and 5.98% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.44% off 20-day moving average. It has market cap of $553.52M.

On Oct. 14, 2019, Harmonic Inc. (NASDAQ:HLIT) declared that it will release its third quarter 2019 financial results after the market close on Monday, October 28, 2019. Harmonic will host a live webcast to discuss the company’s results at 2:00 p.m. PT on the same day.

About Harmonic Inc.

Harmonic (NASDAQ: HLIT), the worldwide leader in video delivery technology and services, enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. The company has also revolutionized cable access networking via the industry’s first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers’ homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and SaaS technologies, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and VOD content on every screen.

The USA based company Harmonic Inc. moved with change of 2.61% to $6.28 with the total traded volume of 333785 shares in recent session versus to an average volume of 749.43K. The stock was observed in the 5 days activity at 0.32%. The one month performance of stock was -8.59%. HLIT’s shares are at -21.11% for the quarter and driving a 20.54% return over the course of the past year and is now at 33.05% since this point in 2018.  Right now the stock beta is 0.89. The average volatility for the week and month was at 2.94% and 3.78% respectively. There are 88.14M shares outstanding and 86.02M shares are floated in market.

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