Harmonic, Inc. (NASDAQ:HLIT)

CAPS Rating: 4 out of 5

The Company designs, manufactures and sells products and systems that enable network operators to efficiently deliver broadcast and on-demand video services.

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Player Avatar fmahnke (97.32) Submitted: 5/11/2009 9:53:45 AM : Outperform Start Price: $5.65 HLIT Score: +0.96

Buying opportunity as what appears to be an 8-10% revenue miss has created a 22% selloff in the stock price
Of course, the fundamentals are most important and include $2.25 in cash with $3 tangible book which define the downside
More importantly, their business is focused in the wheelhouse of the mega-trend of building out broadband systems in
order to support HDTV and video on demand services with a strong international focus. I was impressed by how top
management handeled their quarterly confernce call. I see normalized EPS at .50 and with conservatve 15% gowth
rate and $2,25 in cash, set a $9.75 target price,

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