Professional
Added to YB: 2024-12-03
Pitch date: 2024-11-30
HLIT [neutral]
Harmonic Inc.
-19.69%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their newsletter.
Company Info
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company operates through Broadband and Video segments.
Market Cap
$1.1B
Pitch Price
$12.80
Price Target
20.00 (+95%)
Dividend
N/A
EV/EBITDA
10.67
P/E
22.49
EV/Sales
1.72
Sector
Communications Equipment
Category
special_situation
Harmonic Inc. (HLIT): Market Value Could Reach $20 with Anticipated Cash Flow Boost
HLIT (potential strategic alternatives): Ancora pressuring for sale, believes $20/share attainable vs $13 current. After stagnant growth, op earnings & cash flow expected to grow significantly. Trading at 13x FY24e EV/EBITDA for >30% EBITDA growth over next few years if consensus accurate.
Read full article (1 min)