Barclays analyst Tim Long lowered the firm’s price target on Harmonic (HLIT) to $10 from $14 and keeps an Equal Weight rating on the shares. The company’s Q4 beat expectations with both Broadband and Video ahead of estimates, but its fiscal 2025 Broadband guidance assumes a “significantly deeper” slowdown than estimated, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLIT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue