Professional
Added to YB: 2024-12-03
Pitch date: 2024-11-30
HLIT [neutral]
Harmonic Inc.
-0.78%
current return
Author Info
No bio for this author
Company Info
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.
Market Cap
$1.4B
Pitch Price
$12.80
Price Target
20.00 (+57%)
Dividend
N/A
EV/EBITDA
29.74
P/E
176.02
EV/Sales
3.70
Sector
Communications Equipment
Category
special_situation
Harmonic Inc. (HLIT): Market Value Could Reach $20 with Anticipated Cash Flow Boost
HLIT (potential strategic alternatives): Ancora pressuring for sale, believes $20/share attainable vs $13 current. After stagnant growth, op earnings & cash flow expected to grow significantly. Trading at 13x FY24e EV/EBITDA for >30% EBITDA growth over next few years if consensus accurate.
Read full article (1 min)