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SAN JOSE, Calif.—David Krall, a director at Harmonic Inc . (NASDAQ:HLIT), a $1.15 billion market cap company with strong liquidity and moderate debt levels, has made a significant acquisition of the company's common stock. According to InvestingPro data, the stock appears undervalued based on its Fair Value analysis. According to a recent SEC filing, Krall purchased 10,000 shares on February 13, 2025, at an average price of $9.783 per share. This transaction, valued at approximately $97,830, was conducted as an open market purchase. Following the acquisition, Krall's direct ownership in Harmonic Inc. totals 163,490 shares. The purchase comes as the stock has declined 12% over the past week and technical indicators suggest oversold conditions. For comprehensive insider trading analysis and additional insights, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Harmonic Inc. reported a significant 33% year-over-year revenue increase and a $0.32 rise in earnings per share (EPS) in its fourth-quarter 2024 results. Despite strong performance, the company's forecast for fiscal year 2025 was less optimistic, attributed to reduced demand from key clients Comcast (NASDAQ:CMCSA) and Charter. Rosenblatt Securities and Needham analysts adjusted their outlook on Harmonic, reducing the price target to $12 and $14, respectively, but maintained a Buy rating on the stock. Rosenblatt Securities suggested Harmonic's current market valuation could present an opportunity for investors, given the potential for upside as the year progresses. Needham analysts, on the other hand, see the shift to DOCSIS 4 Unified (D4U) as potentially beneficial for Harmonic's competitive position in the market. Despite the weak outlook, Harmonic's board authorized a new $200 million share repurchase program, doubling its previous program. These are the recent developments in Harmonic Inc.'s business operations and market position.
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