Harmonic IncHLIT
About: Harmonic Inc designs and manufactures video infrastructure products and system solutions to deliver video and broadband services to consumer devices. The firm operates in two segments: Video, which sells video processing, production, and playout solutions to cable operators and satellite and telecommunications providers; and Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.
Employees: 948
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
272% more call options, than puts
Call options by funds: $1.5M | Put options by funds: $404K
50% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 6 (+2) [Q2]
28% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 29
20% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 66
4% more funds holding
Funds holding: 196 [Q1] → 204 (+8) [Q2]
10.11% less ownership
Funds ownership: 106.76% [Q1] → 96.65% (-10.11%) [Q2]
17% less capital invested
Capital invested by funds: $1.6B [Q1] → $1.33B (-$279M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Rosenblatt Steve Frankel 67% 1-year accuracy 22 / 33 met price target | 25%upside $18 | Buy Maintained | 15 Oct 2024 |
Barclays Tim Long 66% 1-year accuracy 29 / 44 met price target | 39%upside $20 | Overweight Maintained | 30 Jul 2024 |
Needham Ryan Koontz 68% 1-year accuracy 53 / 78 met price target | 25%upside $18 | Buy Reiterated | 30 Jul 2024 |
Rosenblatt Steve Frankel 67% 1-year accuracy 22 / 33 met price target | 25%upside $18 | Buy Maintained | 18 Jul 2024 |
Financial journalist opinion
Based on 7 articles about HLIT published over the past 30 days