Zacks Investment Research downgraded shares of HARMONIC INC (HLIT) from NEUTRAL to UNDERPERFORM on July 29, 2014, with a target price of $5.90.
Harmonic designs, manufactures and markets digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The company's advanced solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access, telephony and video on demand. The company offers a broad range of fiber optic transmission and digital headend products for hybrid fiber coax, satellite and wireless networks.
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