Summary
- 100% technical buy signals.
- 4 new highs and up 19.93% in the last month.
- Analysts' price targets from 11.50 to 20.00.
The Chart of the Day belongs to the communications equipment company Harmonic ( HLIT ). I found the stock by sorting Barchart's Top Stocks to Own list of highest Barchart opinion first by the closest to its 52-week high, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/16, the stock gained 10.43%.
HLIT Price vs Daily Moving Averages (Barchart)
Harmonic Inc. , together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable operators. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals but increasing
- 58.56+ Weighted Alpha
- 49.94% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 4 new highs and up 19.93% in the last month
- Relative Strength Index 69.26%
- Technical support level at 12.44
- Recently traded at 13.14 with 50 day moving average of 11.24
Fundamental factors:
- Market Cap $1.32 billion
- Revenue expected to increase 22.10% this year and another 16.90% next year
- Earnings estimated to increase of 41.20% this year, an additional 45.80% next year and continue to compound at an annual rate of 19.40% for the next 5 years
For further details see:
Harmonic: Tune-Up Your Portfolio