UBS Maintains a 'Neutral' on Harmonic (HLIT); Q4 Roughly Inline, Tweak Estimates Lower
HLIT Hot Sheet
Rating Summary:2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26
UBS maintains a 'Neutral' on Harmonic Inc. (NASDAQ: HLIT) price target raised from $5.50 to $6.00.
UBS analyst says, "HLIT reported inline 4Q results with sales and EPS of $144M and $0.12 vs. our consensus matching estimates of $140M/ $0.12...1Q outlook for revs of $132-$142M is a relatively wider range than usual with visibility somewhat low and 1Q growth likely the low point for 2012. Mid point of 1Q guide calls for 3% YoY growth. Our CY12 and CY13 sales and EPS estimates now edge lower to $586M (+7%) and $0.45 and $.624M (+6%) and $0.50 versus our prior $588M and $0.47 and $635M and $0.51."
For an analyst ratings summary and ratings history on Harmonic Inc. click here. For more ratings news on Harmonic Inc. click here.
Shares of Harmonic Inc. closed at $5.88 yesterday, with a 52 week range of $3.85-$10.05.
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UBS analyst says, "HLIT reported inline 4Q results with sales and EPS of $144M and $0.12 vs. our consensus matching estimates of $140M/ $0.12...1Q outlook for revs of $132-$142M is a relatively wider range than usual with visibility somewhat low and 1Q growth likely the low point for 2012. Mid point of 1Q guide calls for 3% YoY growth. Our CY12 and CY13 sales and EPS estimates now edge lower to $586M (+7%) and $0.45 and $.624M (+6%) and $0.50 versus our prior $588M and $0.47 and $635M and $0.51."
For an analyst ratings summary and ratings history on Harmonic Inc. click here. For more ratings news on Harmonic Inc. click here.
Shares of Harmonic Inc. closed at $5.88 yesterday, with a 52 week range of $3.85-$10.05.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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