Harmonic Reaches New 12-Month High of $16.57
May 19, 2023
Trending News ☀️
Harmonic Inc ($NASDAQ:HLIT). has achieved a new 12-month high of $16.57 during trading on Tuesday, setting a new benchmark for the company. Harmonic Inc. is a leader in the broadcast infrastructure industry, offering a range of innovative products and services to broadcasters, content producers, and other media professionals. The company’s stock has seen significant growth over the last 12 months, and their recent all-time high of $16.57 is a testament to their success. Investors have been drawn to the company’s long-term outlook and their ability to remain at the forefront of industry trends.
This new milestone is just one more indication of the company’s positive trajectory moving forward. With a constant focus on innovation and customer service, they have established themselves as a reliable partner in the media industry.
Price History
Harmonic Inc. reached a new 12-month high on Thursday as the stock opened at $16.6 and closed at $16.8, up by 1.7% from the previous closing price of 16.6. This marked the highest closing price the company has seen in the last 12 months, an impressive feat for the company. The stock has been gradually increasing in value since the beginning of the year, and Thursday’s jump further demonstrates the continued growth and stability of Harmonic Inc. Investors have clearly gained confidence in the company, as evidenced by the steady increase in share prices. 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
At GoodWhale, we have conducted a thorough analysis of HARMONIC INC‘s financials. After careful consideration, we have determined that HARMONIC INC is a medium risk investment in terms of financial and business aspects. We have identified one risk warning in the company’s balance sheet. If you are interested in getting more detailed information about this warning, you need to become a registered user of GoodWhale. We have a wide range of resources and tools that can help you make informed decisions. 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
Analysts believe that this surge is partly due to the increased demand for the company’s video delivery and digital video solutions, which are used in live streaming and broadcast media services. Additionally, some analysts suggest that Harmonic’s strong financials and expanding client base have contributed to the recent rally in the stock. Overall, Harmonic appears to be an attractive investment opportunity given its strong revenue growth and healthy outlook for the future.
