Harmonic Inc. (HLIT) Wins Analyst Confidence on Broadband Vision
Harmonic Inc. (NASDAQ:HLIT) is among the best small company stocks to invest in. Rosenblatt Securities, a leading boutique tech research firm, reaffirmed its Buy rating on Harmonic Inc. (NASDAQ:HLIT) and a price target of $11.00, based on the investor meeting discussions in the past week.
The meeting featured Nimrod Ben Natan, the CEO of Harmonic Inc. (NASDAQ:HLIT), Walter Jankovic, the CFO, and members from the research firm. The management expressed confidence, citing that the company is just getting started on a multi-year journey to power the future of broadband.
A video-processing suite with technicians at work, highlighting the company's production capabilities.
Although Harmonic Inc. (NASDAQ:HLIT) faces ongoing underwhelming rollouts by its largest customers, the issues seem temporary. Analysts anticipate better performance by the company during the second half of the current year, with accelerated growth in the upcoming year as the company takes measures to resolve customer deployment concerns.
Overall, the giant exhibits strong revenue growth and market penetration, stemming from innovation and strategic initiatives. One such initiative is the recently disclosed collaboration with CUJO AI to enhance broadband connectivity, particularly for latency-sensitive applications such as online gaming and video conferencing.
Harmonic Inc. (NASDAQ:HLIT) is a California-based provider of broadband access solutions across the globe. Founded in 1988, the company operates through two main segments: Broadband and Video. It also offers technical support and professional services, along with SaaS-related support and deployment.
While we acknowledge the potential of HLIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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