Alert: Negative Investment/Fundamental Signals (12/5/23)-Harmonic Inc (NASDAQ: HLIT)

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Recent meaningful negative changes in investment behavior have impacted Harmonic Inc (NASDAQ: HLIT): the stock fell on very heavy volume.

Harmonic Inc (NASDAQ: HLIT) has recently experienced significant negative changes in fundamentals: the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, HLIT is expected to continue to be a major Value Builder.

Harmonic has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Harmonic has a poor Appreciation Score of 19 and a very low Power Rating of 3, and the Lowest Value Trend Rating results.

Recent Price Action

Harmonic Inc (NASDAQ: HLIT) stock declined by -4.9% on 12/5/23. The shares closed at $10.26. Moreover, trading volume in this decline was exceptionally high at 277% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -6.0% during the last week.

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