Harmonic Soars On Upgrade

Harmonic (Nasdaq: HLIT)(FREE stock trend analysis), the provider of broadcast and video delivery systems, is moving higher today after CL King analyst Lawrence Harris raised his rating to "accumulate" from "neutral" and set a $7 price target for the stock.

That's a 23% move higher from Friday's closing price. Increased demand from customers in India and China are proving to be a positive catalyst for Harmonic, Harris said.

Harris also noted that orders are starting to increase for the company's access business, which had been lagging throughout 2009.