
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic is seeing strong revenue growth in its Broadband segment and expects a $145MM cash payment for the sale of its Video business. Investment in next generation broadband is driving cable operators to sustain modest growth in access spending, providing a strong market for Harmonic's products and services. The company has a high concentration of customers, but with increasing adoption of its technology among tier-1 operators and a backlog of $582.1M, it is well positioned for continued growth.
Bears say
Harmonic is in a strong financial position with solid execution, customer diversification, and a broadening product portfolio that is delivering strong revenue and earnings growth. However, the company faces quarter-to-quarter volatility and risks in its transition from hardware to software/SaaS in the Video segment, and must continue to demonstrate stability in this area to sustain its growth trajectory. With a strong backlog and deferred revenue, Harmonic has the potential to drive consistent growth, especially in its CableOS customer base, as demand for next generation broadband services increases.
This aggregate rating is based on analysts' research of Harmonic and is not a guaranteed prediction by Public.com or investment advice.
Harmonic (HLIT) Analyst Forecast & Price Prediction
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