- Needham analyst Ryan Koontz raised the price target on Harmonic Inc (NASDAQ:HLIT) to $17 from $15 and kept a Buy rating.
- The company’s investor day presentation saw higher expectations for its broadband segment to achieve above 34% revenue CAGR over the next three years.
- HLIT also lifted its 2025 revenue target by 64% over its previous 2024 target.
- FTTH sales to cable operators are the most significant growth contributor, likely to exceed $160 million in 2025 from near zero today.
- Broadband EBITDA margin targets similarly impressed, expanding from 20% to 28% in 2025.
- The company’s less strategic video segment will likely improve its EBITDA margin to 16%.
- He found HLIT well positioned to sustain its dominant position in next-generation cable infrastructure as operators fend off increasing threats from new FTTH and fixed wireless builds.
- Price Action: HLIT shares traded higher by 6.34% at $11.91 on the last check Friday.
- Photo By Michal Jarmoluk Via Pixabay
What’s Happening With Ford’s Shares Today?
Ford plans to offer driverless technology in the next two years, aiming to attract customers with lucrative subscriptions, amid US safety regulator scrutiny.
