Harmonic Secures $160 Million Credit Facility
December 23, 2023
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Harmonic Inc ($NASDAQ:HLIT)., a publicly traded telecommunications company, announced today the establishment of a new $160 million credit facility. This new facility is aimed at providing the company with an additional source of capital to further expand its already established global operations. Harmonic Inc. is a media infrastructure provider that enables customers to create, deliver, and monetize video and audio content. The company operates in three business segments: video infrastructure, services, and software products. These segments offer a wide range of products and services, including video and audio encoders, statistical multiplexing solutions, digital asset management systems, and interactive media applications.
The new credit facility will provide Harmonic the ability to access much needed capital to fuel future growth and expansion. This facility also provides Harmonic with access to a wide range of investment banks and financial institutions to help fund strategic initiatives and acquisitions. With access to these resources, Harmonic is well positioned to continue providing its customers with industry leading products and services.
Price History
Harmonic Inc., a media infrastructure solutions provider, secured a $160 million credit facility on Thursday. This development saw the company’s stock open at $12.2 and close at $12.3, a rise of 3.4% from the previous closing price of 11.9. The credit facility will provide the company with additional working capital to expand its operations.
This move highlights the company’s commitment to improving its financial position and ensuring long-term growth. Going forward, Harmonic Inc. is well-positioned to capitalize on the increasing demand for media infrastructure solutions in the industry. 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 |
| 605.15 | 6.28 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Harmonic Inc. More…
| Operations | Investing | Financing |
| 20.14 | -13.91 | -41.12 |
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 |
| 673.81 | 333.01 | 3.04 |
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 |
| 17.9% | 44.4% | 4.7% |
| FCF Margin | ROE | ROA |
| 2.1% | 5.3% | 2.7% |
Analysis
At GoodWhale, we have conducted an analysis of HARMONIC INC‘s financials. According to our Star Chart, HARMONIC INC has a high health score of 7/10 with regard to its cashflows and debt; the company is capable of paying off debt and funding future operations. HARMONIC INC is strong in terms of profitability, and medium in terms of asset growth and dividend. Investors who may be interested in such a company would likely be those who prefer a moderate return on their investments, as opposed to those who aim for bigger, quicker returns. These investors seek out companies with a strong track record of profitable operations and are willing to take a more conservative approach with their investments. They may also be drawn to HARMONIC INC due to its high health score and its ability to pay off debt and fund future operations. 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 (HMNC) recently announced a new $160 million credit facility, which has caused an immediate positive reaction on the stock market. This increase in access to capital, along with the company’s strong financials, provide investors with confidence that Harmonic is capable of growth and stability. Analysts are generally optimistic about the company’s prospects, noting that the new capital will help the company fund investments into new projects. However, investors should also be aware of potential risks, such as price volatility and fluctuations in the value of the stock.
