NasdaqGS:HLITCommunications
Harmonic (HLIT) Margin Decline Challenges Bullish Valuation Narrative Despite Strong Growth Outlook
Harmonic (HLIT) reported a net profit margin of 7.8%, down from 13.6% the previous year, highlighting a decline in profitability. Despite this margin pressure, the company’s revenue is forecast to grow at 8.6% annually, which is slower than the broader US market’s 10.5%. While earnings growth over the last year was negative, Harmonic has posted an impressive 48.6% annualized earnings growth rate over the past five years, demonstrating substantial long-term gains. Looking forward, earnings are...