For Harmonic Inc. [HLIT], Analyst sees a rise to $15. What next?

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Harmonic . Company [NASDAQ: HLIT] The stock went on an upward trajectory, rising more than 10.17% on Wednesday, representing a one-week price increase of more than 10.54%. Company report on September 20 2022 Harmonic and Hitron Technologies are collaborating to deliver sustainable fiber solutions.


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Based on Harmonic’s market-leading CableOS platform, the FTTx and ONU offering provide flexible fiber routing.

Harmonic Corporation (NASDAQ: HLIT) announced today that it is offering a powerful new fiber solution to cable operators in collaboration with Hitron Technologies, the fastest growing DOCSIS equipment manufacturer in North America. The joint offering combines Harmonic’s CableOS® FTTx solution with Hitron’s NOVA-2002 and NOVA-2004 Optical Network Units (ONUs), creating a resilient, cloud-native infrastructure to sustainably deliver 10Gb of symmetric services. The Virginia-based Nelson Cable Company has successfully deployed the solution for next-generation broadband delivery.

Over the past 12 months, HLIT stock is up 47.23%. Harmonic Inc stock’s one-year forecast is for a potential rise of 15.69. HLIT stock currently has an average equity rating of 2.20, and is trading near a bullish pattern in the stock market.

The stock’s market capitalization was $1.41 billion, with 104.63 million shares outstanding and 101.98 million shares in the current float. Compared to an average trading volume of 828.46 thousand shares, HLIT stock reached a trading volume of 3,595,926 on the last trading day, which is why market watchers consider the stock to be active.

Educator’s opinion of Harmonic Inc. [HLIT]:

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for HLIT’s stock is $15.42 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on HLIT stocks is a set recommendation at 2.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Rosenblatt made an estimate for the stock of Harmonic Inc. , retaining their opinion of the stock as Buy, with their previous recommendation back on May 24, 2022. The new note on price target was released on April 21, 2022, which represents the official target price for Harmonic Inc.’s stock. Previously, the target price had risen again to $9.50, while Needham analysts maintained a buy rating on HLIT stock.

The Average True Range (ATR) is set for Harmonic Inc. at 0.48, with a price-to-sales ratio for HLIT stock in the last twelve months of 2.41. The price-to-book ratio for the last quarter was 4.58, with the price-to-cash-per-share ratio for the same quarter set at 1.12. HLIT’s free cash flow rate for the past 12 months was 231.78 with a Q4 quick ratio of 1.20.

HLIT stock performance analysis:

Harmonic . Company [HLIT] Gained in the green at the end of last week, gained a positive trend and rose by 10.54. With this latest performance, HLIT shares are up 17.54% over the past four-week period, as well as up 36.41% over the past six months — not to mention a 47.23% rise in the past year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for HLIT stock for the past two weeks was set at 71.27, with the RSI for the last one trading at 75.34, and the three-week RSI for Harmonic Inc. [HLIT]. The current moving average for the last 50 trading days for this stock is 11.13 while it recorded at 11.77 for the last trading week, and 9.95 for the last 200 days.

An insight into the fundamentals of Harmonic Inc:

Operating margin for any stock indicates how profitable the investment is, and Harmonic Inc. [HLIT] The stock currently has an operating margin of +3.84 and a gross margin of +48.75. Harmonic Inc’s net margin is currently +2.61.

The return on equity for this stock rose to 4.78, with the return on assets remaining at 2.06.

Harmonic Inc.’s liquidity data is Interesting too, with the Quick Ratio at 1.20 and the Liquidity Ratio set at 1.50.

HLIT Stock EPS

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for HLIT. When it comes to the stated value, analysts expect Harmonic Inc.’s 5-year EPS growth rate to rise. to 19.40%.

Harmonic . Company [HLIT] Insiders’ position details

There are currently approximately $1,351 million, or 97.38% of HLIT’s stock, in the hands of institutional investors. The three largest corporate owners of HLIT shares are: PRICE T ROWE ASSOCIATES INC / MD / with 17,454,946 ownership, which is approximately -2.054% of the company’s market capitalization and about 1.40% of the total institutional ownership; BLACKROCK INC. , which owns 15,503,726 shares of stock with an approximate value of $201.55 million in HLIT stock; and SCOPIA CAPITAL MANAGEMENT LP, currently with $127.98 million in HLIT stock with ownership of approximately 1.535% of the company’s market value.

Positions in the shares of Harmonic Inc. have increased. held by institutional investors at the end of August and at the time of the August report, as 88 institutional owners consolidated their position in Harmonic Inc. [NASDAQ:HLIT] About 5,965,507 shares. In addition, the number of investor positions decreased by 91 by about 3,976,499 shares, while 28 investors held positions with 93,950,629 shares. The said changes put institutional holdings at 103,892,635 shares, according to the latest report from the Securities and Exchange Commission. HLIT had 27 new institutional investments for a total of 1,604,494 shares, while 21 institutional investors sold positions worth 1,037,934 shares during the same period.

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