Harmonic Results Keep Humming Along: A Small-Cap Tech That Outperforms

Nov. 07, 2022 6:00 AM ETHarmonic Inc. (HLIT)7 Comments
Steven Cress profile picture
Steven Cress
21.61K Followers

Summary

  • Harmonic Inc. is up 17% year-to-date, compared to the Tech Sector (XLK), down more than 32%. Despite weakening consumer demand for many stocks, cable access has been very good.
  • According to a Nielsen Report, popular streaming services are claiming the largest audiences who watch an average of 190.9B minutes, fueling the growth of Communication Equipment stocks.
  • On the back of strong demand, HLIT offers cutting-edge technology and is considered a worldwide leader in virtualized broadband and video delivery.
  • With 10 consecutive top-and-bottom-line earnings beats, Q3 represented an earnings surprise of 30%. Despite great results, the stock dipped. It has excellent fundamentals, growth, and upward revisions by analysts.
  • As seen on Seeking Alpha’s factor grades, Harmonic Inc.’s growth continues to expand on the high demand for innovative cloud-based software platforms for video delivery.
Cloud Computing Concept

Eoneren

Harmonic Inc. is music to my ears – and portfolio

Shares of Harmonic Inc. (NASDAQ:HLIT), a video, broadband, and media transformation company offering “smarter, faster, simpler solutions,” are up 5% over the last month. Year-to-date, the stock is +16%. Offering broadcast TV and

This article was written by

Steven Cress profile picture
21.61K Followers
Head of Quantitative Strategies at Seeking Alpha. Data analysis and interpretation have taken center stage in my career. For my purpose, the interpretation of data is the process of making sense of statistics that have been collected, analyzed, and scored. This skill-set has served as a solid foundation for me to identify trends and make transparent predictions in the course of money management. It has also allowed me to develop user-friendly web-based tools that furnish individuals with the indicators and signals to instantly interpret the strength or weakness of a company's value. Importantly, this expertise has helped me build Wall Street trading desks, launch international hedge funds, and construct a SaaS FinTech investment research company. Prior to my role at Seeking Alpha as the Head of Quantitative Strategies, I founded a Hedge fund and Asset Management company (Cress Capital Management), I was the Head of International Business Development at Northern Trust, and the majority of my career was at Morgan Stanley running a proprietary trading desk.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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