Harmonic Inc (NASDAQ: HLIT) has reported earnings for its third fiscal quarter (ending September 30) of $0.19 versus a loss $-0.06 for the same period a year ago — a decline of -417%. E.P.S. were $0.76 for the latest four quarters through September 30 versus $0.06 for the same period a year ago — an increase of 1167%.
Recent Price Action
Harmonic Inc (NASDAQ: HLIT) stock closed at $14.82 on 10/28/24 after a slight gain of 0.3%. Moreover, trading volume in this advance was exceptionally high at 282% of normal. The stock has risen 2.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HLIT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Harmonic has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Harmonic has a slightly negative Appreciation Score of 31 but a good Power Rating of 74, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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