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Harmonic Inc (NASDAQ:HLIT) stock has reached a new 52-week low, hitting a price of 7.85 USD. According to InvestingPro data, the company maintains strong financial health with a "GREAT" rating, supported by a healthy current ratio of 2.06 and robust gross margins of 55%. This marks a significant downturn for the company, which has experienced a 35.81% decline over the past year. The drop to this new low underscores the challenges faced by Harmonic Inc in a volatile market environment. Despite the decline, InvestingPro analysis indicates the stock is currently undervalued, with management actively buying back shares and the company maintaining a strong free cash flow yield. Investors have been closely monitoring the stock’s performance as it continues to navigate through industry pressures and broader economic factors that have contributed to its downward trajectory. For deeper insights, check out the comprehensive Pro Research Report available on InvestingPro, along with 6 additional exclusive ProTips.
In other recent news, Harmonic Inc. reported impressive second-quarter results for 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $0.09, significantly exceeding the anticipated $0.02, marking a 350% surprise. Revenue reached $138 million, surpassing the forecast of $127.73 million by 8.04%. Despite these strong results, Needham adjusted its price target for Harmonic to $12.00 from $14.00, citing a slowdown in cable upgrade spending. The firm maintained a Buy rating on the stock. Harmonic’s Broadband revenues have missed the $100 million mark in seven of the last ten quarters, highlighting ongoing challenges in cable operator investments. These developments reflect the mixed signals investors are receiving about the company’s performance and future prospects.
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