Harmonic Inc. (NASDAQ:HLIT), having a share value underneath $10, sturdy hedge fund curiosity, and a low price-to-earnings ratio, ranks among the many 11 Most Undervalued Cloud Shares Below $10 Based on Hedge Funds.
On July 8, 2025, Wolfe Analysis initiated protection on Harmonic Inc. (NASDAQ:HLIT) with a value goal of $7 and an ‘Underperform’ ranking. This comes forward of the corporate’s earnings launch for Q2, which is scheduled for July 28, 2025. The analyst’s value goal implies a downtick from the corporate’s present share value of $9.10. Nevertheless, a number of different analysts, akin to Rosenblatt, Needham, and Barclays, have not too long ago given bullish rankings on the corporate.
Regardless of a sluggish outlook, analysts venture sturdy progress in 2025, the place they venture a income progress of 30.29%, taking the entire anticipated income from $645.2 million in 2025 to $840.6 million in 2026. This progress is pushed by Harmonic Inc. (NASDAQ:HLIT)’s strategic partnerships and technological innovation, as its current offers with Vectra and Cignal TV display its rising world footprint within the realm of broadband and video streaming. Moreover, its revolutionary PTP-less DAA deployment and cloud-native VOS360 platform are anticipated to bolster its aggressive edge.
Whereas there have been delays within the short-term rollouts, administration stays optimistic. Wanting forward, the analysts anticipate an improved second half of 2025 and a powerful 2026 efficiency, pushed by sturdy demand amid the corporate’s collaboration with CUJO AI that can improve broadband connectivity.
With the assistance of its software program and SaaS platforms, Harmonic Inc. (NASDAQ:HLIT) affords cloud-based broadband and video options, serving operators and media firms by delivering high-speed web and superior streaming providers. It’s included in our checklist of the perfect cloud shares.
Whereas we acknowledge the potential of HLIT as an funding, we imagine sure AI shares provide larger upside potential and carry much less draw back threat. In case you’re on the lookout for a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
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Disclosure: None.
