After Harmonic (HLIT) announced yesterday that a Comcast (CMCSA) affiliate committed to a $175M purchase of software licenses over the next four years, Stifel analyst John Marchetti raised his 2019 and 2020 estimates, stating that he believes the Comcast deal represents the first in several such awards. The analyst, who said he views Harmonic's vCCAP as best positioned to take share as the industry begins to deploy Distributed Access Architecture, keeps a Buy rating on Harmonic shares and raised his price target on the stock to $10 from $7.
Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here