
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic Inc. has demonstrated substantial growth in its Broadband segment, with record sales increasing by 48% year-over-year and 18% quarter-over-quarter, driven largely by Comcast's revenue contribution. The company’s strategic positioning in the Cable Access market continues to strengthen, as evidenced by the addition of six new customers in the fourth quarter and a healthy pipeline for future engagements. Despite some short-term operational challenges, there are indications of improving profit margins and steady revenue growth prospects, supported by ongoing investments from telecommunications operators in fiber-to-the-home (FTTH) and evolving broadband technologies.
Bears say
Harmonic Inc's 1Q25 broadband revenue guidance of $85 million significantly underperforms consensus estimates by 19%, reflecting a substantial decline from the previous quarter, attributed to customer inventory issues. The total backlog and deferred revenue of $496 million as of 4Q24 marks a 24% year-over-year decrease and a 15% sequential reduction, indicating weakening demand and operational challenges. Additionally, the company's revenue and EPS guidance for 1Q25 stands at $127.5 million and $0.05, both well below consensus, driven by persistent integration difficulties among cable customers adjusting to new network architectures, thereby contributing to a negative outlook.
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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