
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic is in a strong position with their broadband access solutions and versatile video delivery software, capturing 95% of the vCCAP market and having deployed their cOS with over 150 customers. The recent sale of their video business will enable them to focus on their core competencies and expand their TAM with the deployment of DAA and cOS. With strong execution, customer diversification, and a solid product portfolio, we believe Harmonic is well-positioned for 20%+ revenue growth and margin expansion.
Bears say
Harmonic is facing customer concentration issues, with its top 2 customers representing 58% of revenue in Q1 and a backlog of $582M, driving high visibility. However, the company is diversifying its customer base with non-Comcast/Charter customers growing at a strong pace. While the company is showing growth and a successful transition to a pure play on broadband, its video business has been under pressure due to a shift from hardware to software/SaaS. Any interruption in the growth of the SaaS business could lead to revenue headwinds and negatively impact the company's stability.
This aggregate rating is based on analysts' research of Harmonic and is not a guaranteed prediction by Public.com or investment advice.
Harmonic (HLIT) Analyst Forecast & Price Prediction
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