Harmonic Inc Intrinsic Value – Rosenblatt Reinstates ‘Buy’ Rating for Harmonic, Fueling Investor Optimism for Future Growth
July 26, 2023
☀️Trending News
Harmonic Inc ($NASDAQ:HLIT)., a technology company specializing in video delivery infrastructure and compression solutions, has been given a renewed “buy” rating from Rosenblatt Securities. This is significant news for the company, as it signals investor confidence in its future growth. The new Rosenblatt rating is expected to fuel further optimism among investors in Harmonic’s potential to deliver further growth. The company has undertaken an aggressive expansion strategy recently, entering new markets and launching innovative products.
The “buy” rating from Rosenblatt is a strong signal of confidence in Harmonic’s future potential. It is expected that the rating upgrade will result in increased investor activity, further driving the company’s growth. This is positive news for both Harmonic and its shareholders, and a sign of growing investor confidence in the company’s potential for future success.
Share Price
On Tuesday, HARMONIC INC stock opened at $15.6 and closed at $15.5, down by 0.7% from the previous closing price of 15.6. However, this slight dip in the stock price was counterbalanced by Rosenblatt’s decision to reinstate the ‘Buy’ rating for Harmonic, fueling investor optimism for future growth. In addition, the analyst highlighted the potential of Harmonic’s strong financial position and its ongoing efforts to expand its portfolio of products and services. This renewed confidence in the company has given investors reason to be bullish about its future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Harmonic Inc. More…
| Total Revenues | Net Income | Net Margin |
| 635.17 | 34.8 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Harmonic Inc. More…
| Operations | Investing | Financing |
| 39.23 | -1.18 | -44.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Harmonic Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 703.82 | 368.03 | 3.02 |
Key Ratios Snapshot
Some of the financial key ratios for Harmonic Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 98.6% | 9.1% |
| FCF Margin | ROE | ROA |
| 4.7% | 10.9% | 5.1% |
Analysis – Harmonic Inc Intrinsic Value
At GoodWhale, we have performed an analysis of HARMONIC INC‘s financials and our proprietary Valuation Line has calculated that the intrinsic value of HARMONIC INC shares is around $11.4. However, the current market price of HARMONIC INC stock is $15.5, which is overvalued by 35.8%. This means that it is a good time for investors to sell the stock and wait for a better entry point. More…
Peers
The company has been competing against its competitors, Radiation Technology Inc, Teleste Oyj, and Eutelsat Communications, for the past several years. The competition between the companies has been fierce, with each company trying to outdo the other in terms of innovation and technology.
– Radiation Technology Inc ($TPEX:6514)
Radiation Technology Inc is a company that specializes in the production of radiation products and services. The company has a market capitalization of 1.45 billion as of 2022 and a return on equity of 13.65%. The company’s products and services are used in a variety of industries, including healthcare, government, and industrial. Radiation Technology Inc has a long history of providing quality products and services to its customers. The company is headquartered in the United States and has a global customer base.
– Teleste Oyj ($LTS:0K1Q)
Founded in 1984, Teleste is a Finnish company that provides broadband video and data communication systems and services. The company serves a variety of industries, including telecommunications, energy, healthcare, and transportation. Teleste has a market capitalization of 61.06 million euros as of 2022 and a return on equity of 3.58%. The company’s products and services include broadband video headend and edge solutions, data communication networks, and passenger information and entertainment systems.
– Eutelsat Communications ($LTS:0JNI)
Eutelsat Communications is a leading satellite operator, providing reliable and secure satellite-based connectivity solutions for broadcast, telecom, corporate and government customers worldwide.
Eutelsat Communications has a market capitalization of 2.16 billion as of 2022 and a return on equity of 9.77%. The company provides reliable and secure satellite-based connectivity solutions for broadcast, telecom, corporate and government customers worldwide. Eutelsat Communications is headquartered in Paris, France.
Summary
Harmonic Inc. has been given a “buy” rating from Rosenblatt Securities, suggesting strong investor sentiment for future growth. The research analysts cited potential for long-term investments in the company, as well as a strong track record of delivering consistent returns. Other key factors highlighted include a healthy balance sheet, ample room to expand, and increasing demand for their products and services. Potential risks to the investment include market volatility and economic downturns.
