Harmonic: Temporary Setback In An Exciting Growth Story

Faizan Muhammad
407 Followers

Summary

  • Harmonic has experienced a stock price decline due to short term guidance cuts, but the long-term growth story and upside potential remain strong.
  • Harmonic is a leader in video streaming and cable broadband solutions, with strong execution driving SaaS growth and new customer wins.
  • The company's superior product offering, large market opportunity, growth reacceleration drivers, and attractive valuation make it a compelling investment opportunity.

A man is holding a remote control of a smart TV in his hand. In the background you can see the television screen with streaming entertainment apps for video on demand

Giuliano Benzin

Investment Thesis

Harmonic (NASDAQ:HLIT) has experienced a major stock price decline following disappointing Q2 results and guidance cuts. This temporary setback does not diminish the long-term growth story and upside potential in my view. Harmonic remains a leader

This article was written by

407 Followers
Investment horizon: 3-5 years minimum

Analyst’s 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 (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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