Home / Street Sector / Stocks Faring Away From Broker’s Choice: Santander Consumer (NYSE:SC), Harmonic (NASDAQ:HLIT)

Stocks Faring Away From Broker’s Choice: Santander Consumer (NYSE:SC), Harmonic (NASDAQ:HLIT)

Santander Consumer USA Holdings Inc. (NYSE:SC) [Trend Analysis] retains strong position in active trade, as shares scoring 13.72% to $12.43 in a active trade session, while looking at the shares volume, about 5.62 Million shares have changed hands in this session. Santander Consumer USA Holdings Inc. (SC) reported third-quarter earnings of $213.5 million.

The Dallas-based firm stated it had net income of 59 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The consumer finance firm posted income of $1.64 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks predictable $1.67 billion. The firm has institutional ownership of 36.10%, while insider ownership included 68.84%. SC attains analyst recommendation of 2.60 with week’s performance of 6.06%. Investors looking additional ahead will note that the Price to next year’s EPS is 2.85%.

Harmonic Inc. (NASDAQ:HLIT) [Trend Analysis] knocking active thrust in leading trading session, shares raise of 8.08% to 5.35 with about 595313 shares have changed hands in this session. Harmonic Inc. (NASDAQ:HLIT) reported that its unaudited results for the third quarter of 2016. “Our third quarter results reflect our ongoing business transformations, as Cable Edge section income declined in advance of the pending release of our new CableOS products,” stated Patrick Harshman, President and CEO of Harmonic.

“Although our outlook for fourth quarter Cable Edge spending is therefore cautious, our recently executed warrant contract with Comcast and our first CableOS income shipments bolster our confidence in our CableOS growth strategy. Turning to our Video section, our transformational VOS™ offering drove a stronger-than-forecasted mix of software- and services-related orders, impacting third quarter income recognition while maintaining near-record backlog and deferred income. We are encouraged by the competitive momentum of our transformational initiatives, and remain focused on income growth, improving profitability and enhancing shareholder value.” The stock is going forward its fifty-two week low with 113.15% and lagging behind from its 52-week high price with -12.72%.

Same, the positive performance for the quarter recorded as 31.77% and for the year was -5.31%, while the YTD performance remained at 31.45%. HLIT has Average True Range for 14 days of 0.32.

 

About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

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