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Fly News Breaks for May 1, 2018
HLIT
May 1, 2018 | 08:35 EDT
As previously reported, Raymond James upgraded Harmonic to Market Perform from Underperform. Analyst Simon Leopold said Q1 exceeded expectations at the midpoint with guidance slightly below consensus. The analyst said results indicate the strategy is showing progress and the situation is no longer deteriorating, but believes shares are expensive as the company is in transition.
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