HLIT Harmonic Inc

Pacer Advisors Inc. reduced its stake in Harmonic Inc. by 21.9%, now holding 544,806 shares valued at $5.55 million. Meanwhile, institutional investors collectively own 99.38% of the company, and corporate insiders hold about 1.21%. Harmonic recently surpassed Q3 earnings estimates with $0.12 EPS and $142.4 million in revenue, leading analysts to maintain a "Hold" rating with a $13.13 price target.

Harmonic Inc. is selling its Video segment for $145 million, aiming to focus on its Broadband business. This divestiture is expected to reduce revenue by about a third but significantly increase liquidity, providing flexibility for debt reduction, share repurchases, or acquisitions to boost Broadband growth. Key risks include the deal's closure uncertainty, customer concentration with Comcast, and potential delisting due to market cap decline.

This article provides a real-time signal analysis for Harmonic Inc. (NASDAQ: HLIT), noting a near-term weak sentiment that may lead to a resumption of long-term weakness. It highlights a significant 44.7:1 risk-reward short setup, targeting a 12.6% downside with minimal risk. The analysis includes AI-generated trading strategies for various risk profiles and multi-timeframe signal insights.

This article highlights "7 Best Rising Tech Stocks to Buy Now," focusing on Harmonic Inc. (NASDAQ:HLIT) as an example. Harmonic Inc. is repositioning itself by divesting its Video Business segment to focus on its virtualized broadband business, aiming for long-term growth and increased financial flexibility. Analysts have reiterated a "Buy" rating for HLIT, with a significant upside potential.

Silverberg Bernstein Capital Management LLC significantly increased its stake in Harmonic Inc. (NASDAQ: HLIT) by 11.2% in the third quarter, making HLIT its third-largest holding and representing 7.7% of its portfolio. This comes as Harmonic reported strong Q3 earnings, beating analyst estimates for both EPS and revenue, despite a year-over-year revenue decrease. Insider activity was mixed, with one SVP selling shares and a director acquiring shares, while analysts maintain an average "Hold" rating with a target price of $13.13.

Czech Television has partnered with Harmonic to modernize its video streaming workflow by adopting Harmonic's XOS Advanced Media Processor. This move allows Czech TV to bring media processing in-house, improving video quality, streamlining operations, and delivering enhanced streaming experiences, including specialized audio for impaired audiences. The collaboration aims to boost viewer engagement and establish a strong foundation for future streaming innovations for the public broadcaster.