Harmonic Inc. was downgraded from Buy to Hold due to slowing broadband growth momentum and cash generation lagging reported profits. While Q3 revenue rose 64% to $148.8 million, beating guidance, new orders declined and the book-to-bill ratio fell to 0.7, signaling concerns about future backlog. The company continues to diversify its customer base, but two clients still represent 54% of revenue, indicating concentration risk. Despite potential from its SensAI product and a fair valuation near $11.45, slowing industry spending and negative cash flow suggest caution for investors.
Harmonic's recent quarter and outlook provide context for the Technology sector's performance on Pluang. For readers following Technology stocks, 103 of 150 priced US stocks rose while 46 fell. Notable movers include AXTI at USD 51.92 (+7.72%), CRDO at USD 150.58 (+7.54%), and NBIS at USD 151.30 (+7.01%). This data is as of Nov 04, 2026 01:51 WIB.
Vencora has acquired CT InsureTech, a leading insurance technology provider with offices in London, Buenos Aires, and Mexico City. This acquisition strengthens Vencora's insurance technology offerings and expands its presence in Latin America and Eur...
Vencora has acquired CT InsureTech, a leading provider of insurance technology and services with offices in London, Buenos Aires, and Mexico City. This acquisition expands Vencora's portfolio and presence in Latin America and the UK, strengthening it...
FarmQA and Planet Labs have partnered to develop AI-powered agronomic tools for enterprise agriculture, starting with a sugar beet yield estimation model. This model combines Planet's satellite imagery with FarmQA's field-verified agronomic data to p...
The Hospitality Show, a key event for hotel operations, will return to Las Vegas from March 27–29, 2028, at the Las Vegas Convention Center. This marks a return to its original location and an earlier spring date, chosen to better align with hospital...
Apple Inc. reported a 16.4% revenue increase to $109 billion in Q3 2026, driven largely by iPhone sales which accounted for 64% of the growth. However, the company faces challenges from rising manufacturing costs and memory supply constraints, which ...
