Last Updated: 10 Nov 2024
Executive Summary
Harmonic Inc. (HLIT) is a provider of video delivery software, products, system solutions, and services. The company has a market capitalization of $1.4 billion and trades on the NASDAQ exchange. Harmonic's latest stock price is $12.05.
The company's fundamentals are strong. Harmonic has a trailing PE ratio of 16.28 and a forward PE ratio of 19.19. The company's profit margin is 13.6% and its operating margin is 19.8%. Harmonic's return on assets is 4.59% and its return on equity is 22.1%.
Technically, Harmonic is in a bullish trend. The stock is above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that the stock is overbought.
Company Overview
Harmonic Inc. provides global video delivery software, products, system solutions, and services. The company's products and services are used by broadcasters, cable operators, content providers, and other video delivery companies. Harmonic's products include video compression, transcoding, and streaming solutions. The company's services include consulting, design, and implementation services.
Harmonic is headquartered in San Jose, California. The company has offices in over 20 countries. Harmonic's customers include AT&T, Comcast, Disney, and Fox.
Fundamental Analysis
Harmonic's fundamentals are strong. The company has a trailing PE ratio of 16.28 and a forward PE ratio of 19.19. The company's profit margin is 13.6% and its operating margin is 19.8%. Harmonic's return on assets is 4.59% and its return on equity is 22.1%.
Harmonic's revenue has grown by 5.39% over the past year. The company's earnings per share have grown by 13.46% over the past year. Harmonic's gross profit margin is 50.8%. The company's net income margin is 13.6%.
Technical Analysis
Technically, Harmonic is in a bullish trend. The stock is above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that the stock is overbought.
The stock's MACD is above its signal line, which indicates that the stock is in a bullish trend. The stock's stochastic oscillator is above 80, which indicates that the stock is overbought.
Short Term Outlook
In the short term, Harmonic is likely to continue to trade in a bullish trend. The stock is above its 50-day and 200-day moving averages, and its RSI is above 50. The stock's MACD is above its signal line, and its stochastic oscillator is above 80.
Long Term Outlook
In the long term, Harmonic is likely to continue to grow its revenue and earnings. The company's products and services are in high demand, and the company has a strong customer base. Harmonic is also well-positioned to benefit from the growth of the video streaming market.
Analyst Recommendations
Analysts are bullish on Harmonic. The consensus analyst rating is "buy." The average analyst target price is $15.25.
Conclusion
Harmonic is a strong company with a bright future. The company's fundamentals are strong, and its technical analysis is bullish. Analysts are bullish on Harmonic, and the average analyst target price is $15.25.
