
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic Inc. demonstrated a remarkable 48% year-over-year growth in Broadband sales, largely driven by a significant contribution from Comcast, which accounted for 43% of total revenue and increased by 39% year-over-year. Despite facing some challenges, the company's management highlighted a positive outlook for slow but steady operating margin expansion and improvements in gross margins due to ongoing contract wins with cable operators. Additionally, Harmonic's leadership position in Cable Access, reflected in the addition of six new customers in the fourth quarter, suggests strong demand and a solid pipeline for future revenue growth.
Bears say
Harmonic Inc's first quarter 2025 guidance for broadband revenue of $85 million is significantly below consensus expectations, indicating a potential 19% shortfall and a steep decline compared to the previous quarter, likely influenced by customer inventory adjustments. Additionally, the company's total backlog and deferred revenue dropped to $496 million by the end of the fourth quarter of 2024, representing a concerning year-over-year decrease of 24% and a quarter-over-quarter decline of 15%. The video segment is experiencing revenue pressure due to the transition from hardware to software solutions, compounded by delays in the rollout of unified DOCSIS 4.0 technology, which is expected to contribute to a sluggish first half of the year, mirroring previous challenges faced by major customers like Comcast and Charter.
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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