Harmonic downgraded by Jefferies
$HLIT
Radio And Television Broadcasting And Communications Equipment
Technology
Jefferies downgraded Harmonic from Buy to Hold
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | Buy → Hold | Jefferies | |
| 10/29/2024 | $17.00 → $14.00 | Strong Buy → Outperform | Raymond James |
| 8/10/2023 | $15.00 → $16.00 | Outperform → Strong Buy | Raymond James |
| 1/9/2023 | $14.25 → $19.00 | Hold → Buy | Jefferies |
| 5/24/2022 | $15.00 | Buy | Rosenblatt |
| 4/21/2022 | $11.00 | Equal Weight → Overweight | Barclays |
| 11/2/2021 | $13.00 → $14.00 | Buy | Needham |
| 11/2/2021 | $11.00 → $12.00 | Outperform | Raymond James |
Jefferies downgraded Harmonic from Buy to Hold
Raymond James downgraded Harmonic from Strong Buy to Outperform and set a new price target of $14.00 from $17.00 previously
Raymond James upgraded Harmonic from Outperform to Strong Buy and set a new price target of $16.00 from $15.00 previously
Romanesque Capital Management, LLC (collectively with its affiliates, "Romanesque Capital"), which is a long-term shareholder of Harmonic, Inc. (NASDAQ:HLIT), today issued the following statement regarding its support of a strategic review aimed at a sale to maximize shareholder value: "We have long held high conviction in Harmonic's market leading products, valuable partnerships and disruptive innovation, having been invested since 2016. Despite these tailwinds, the company has been unable to realize value in its stock price. This is why we were extremely encouraged to review Ancora Holdings' presentation outlining its analysis of the value opportunity at Harmonic and are in full support
Analysis Suggests Harmonic, Which Trades at ~$12, Can Drive Share Price Appreciation by Meeting 2026 Broadband Targets or Through a Sale Process That Could Deliver ~$20 Per Share Contends There is a Clear Opportunity for Harmonic to Attract Interest from Well-Capitalized Acquirers, Such as Ciena Corporation Fears Management's Poor Investor Communication Has Caused Harmonic to Trade at a Depressed Multiple Despite Strong Financials, Best-in-Class Products and Market-Leading Innovation Urges Harmonic's Refreshed Board to Evaluate Company's Standalone Prospects Versus Viable Sale Options Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora"), a significant shareholder
Record revenue with Broadband revenue up 92% year over year Video returned to profitability with greater than 10% Adjusted EBITDA margin SAN JOSE, Calif., Oct. 28, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the third quarter of 2024. "Our third quarter results demonstrated strong execution as we achieved record total company revenue and Adjusted EBITDA, with both broadband and video revenue exceeding expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "This strong quarterly performance coupled
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SAN JOSE, Calif., July 23, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it has expanded the company's board of directors with the appointment of Neel Dev. "I'm delighted to welcome Neel to our board," said Nimrod Ben-Natan, president and CEO of Harmonic. "His extensive finance and operational leadership experience in the telecom and broadband industries make him an excellent addition, as we continue to drive profitable growth in our broadband and video businesses globally." Mr. Dev currently serves as the chief financial officer and chief revenue officer of Cong
SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced that it has appointed Walter Jankovic as chief financial officer, effective immediately. Mr. Jankovic brings over 30 years of executive experience from a range of leading technology companies. He was most recently senior vice president and general manager, datacom business unit, at Lumentum, a provider of optical and photonic products. Prior to this, he served as president, optical connectivity, at Oclaro, Inc. (acquired by Lumentum). Previously, Mr. Jankovic served in a number of seni
Company Appoints Susan Swenson Executive Chairperson to Provide Oversight of the Senior Executive Leadership Team Internal Controls Strengthened as Board of Directors Implements Special Committee Actions Faraday Future Intelligent Electric Inc. ("Faraday Future" or the "Company") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that the special committee of independent Company directors (the "Special Committee") has completed its previously announced investigation into allegations of inaccurate disclosures, including claims contained in a short seller report issued during October 2021. Based on its work, the Special Commit
Record revenue with Broadband revenue up 92% year over year Video returned to profitability with greater than 10% Adjusted EBITDA margin SAN JOSE, Calif., Oct. 28, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the third quarter of 2024. "Our third quarter results demonstrated strong execution as we achieved record total company revenue and Adjusted EBITDA, with both broadband and video revenue exceeding expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "This strong quarterly performance coupled
SAN JOSE, Calif., Oct. 14, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its third quarter 2024 financial results after the market close on Monday, October 28, 2024. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m. PT on the same day. To participate via telephone, please register in advance using this link,https://register.vevent.com/register/BI24dc955b30d3439abf656ef581cfa35c. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including
Revenue of $138.7 million up 14% quarter over quarter at high end of guidance Reaffirming Broadband and Video Full Year Revenue Guidance SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the second quarter of 2024. "Our second quarter revenue was at the high end of our guidance range while profitability in both businesses exceeded our expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "These results demonstrate strong execution in both our Broadband and Video businesses as
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Across the recent three months, 4 analysts have shared their insights on Harmonic (NASDAQ:HLIT), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $18.0, along with a high esti
In the latest quarter, 4 analysts provided ratings for Harmonic (NASDAQ:HLIT), showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Harmonic, presenting an average target of $18.0, a high estimate of $18.00, and a low estimate of $18.00. No alteration is observed as the current average remains at
Rosenblatt analyst Steve Frankel maintains Harmonic (NASDAQ:HLIT) with a Buy and maintains $18 price target.