News For HAR From The Last 14 Days Check below for free stories on HAR the last two weeks.
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February 9, 2010
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| 12:19 EDT |  | HAR |
| | 10:10 EDT |  | HAR |
| theflyonthewall.com: | Harman surges after reporting better than expected results | | Harman (HAR), which develops audio products and electronic systems, reported Q2 EPS of 40c, compared with analysts' consensus estimate of 7c. The company's revenue was also higher than expected. Harman's gross margin rose 4.2% year-over-year, to 27.9%. "We are encouraged by the double-digit sales increase from the same period a year ago," said Harman CEO Dinesh Paliwal. "With our technology leadership, we are gaining market share in our Automotive Division, and our customers continue to reward us with new orders," Paliwal added. In a note to investors today, RBC Capital analyst Scot Ciccarelli responded to Harman's results by increasing his target on the stock to $45 from $42. Cicarelli believes that Harman's automotive is moving more quickly than expected towards profitability. The analyst believes that Harman has high risk, but significant appreciation potential. In early trading, Harman rallied $5.61, or 15.80%, to $41.11. :theflyonthewall.com |
| | 09:42 EDT |  | HAR |
| | 08:10 EDT |  | HAR |
| theflyonthewall.com: | Harman target raised to $45 from $42 at RBC Capital | | RBC raised its estimates and price target for Harman following the company's better than expected quarter. The firm maintains an Outperform rating on the stock. :theflyonthewall.com |
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February 8, 2010
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| 16:20 EDT |  | HAR |
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February 5, 2010
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| 14:01 EDT | | HAR |
| theflyonthewall.com: | Harman: Earnings release technical preview, short-skew, high gap risk | | BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the short-term bearish price channel at $36.07. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $37.38, $37.98, $38.65, $39.25, $40.11, $40.95. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $33.12. On a bearish breakdown below the price channel the following support levels would become downside objectives: $32.65, $32.11, $31.54, $31.07, $30.34, $29.89, $29.02, $28.39, $27.97. NOTE: Large short-base at 5 days to cover, with 4.3% of the float short. Traders are positioned for negative news. Reactions on a surprise, especially a positive one given the large short-base, have a high probability of being extreme in duration and price. High gap risk. :theflyonthewall.com |
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