Harmonic traded at $14.66 this Wednesday June 3rd, decreasing $0.92 or 5.91 percent since the previous trading session. Looking back, over the last four weeks, Harmonic lost 24.24 percent. Over the last 12 months, its price rose by 55.96 percent. Looking ahead, we forecast Harmonic to be priced at 14.81 by the end of this quarter and at 13.94 in one year, according to Trading Economics global macro models projections and analysts expectations.
Harmonic Inc. (Harmonic) is a provider of video delivery software, products, system solutions and services. The Company operates through two segments: Video and Cable Access. The Video business sells video processing and production and playout solutions and services to cable operators and satellite and telecommunications (telco) pay television (TV) service providers. The Cable Access business sells cable access solutions and related services, including its CableOS software-based cable access solution, primarily to cable operators. The Company solutions include video processing and delivery solutions, which includes a range of software-based video appliances and software-as-a-service (SaaS) platforms. Its cable access products and solutions include software-based cable access solution and Narrowcast Services Gateway (NSG) products. The Company also provides technical support and professional services.