HLIT - Harmonic: Upcoming Report Worthwhile To Be Bullish On

2024-01-29 01:16:58 ET

Summary

• Harmonic is down from its high of $18 per share but still has growth potential in its SaaS segment.
• HLIT operates in the SaaS market, which is expected to reach $408 billion by 2025, and HLIT has a target market of $1.3 billion.
• HLIT's Q4 revenues are expected to be $45-$55 million, and the company is aiming for revenues of $620 million for FY2024.

Investment Rundown

I have covered Harmonic ( HLIT ) since July of last year and I figured it was time to make another article and update my views since we have gotten some news since the last coverage in September . I have been quite bullish since I began covering HLIT and I continue to be that going into FY2024. The company is still down a good amount from its high of $18 per share back in June of last year....

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