Harmonic Hits a High Note

The networking and video systems maker's stock led the S&P 1500 index in the third quarter. But is the picture as bright as investors think?

Harmonic's (HLIT) stock has been making some sweet music in recent months. During the third quarter, the Sunnyvale (Calif.) tech outfit's stock outpaced the rest of the Standard & Poor's 1500 index, surging 64%. While investors may be singing the stock's praises, some analysts remain hesitant to join the chorus.

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