Harmonic named a top pick for 2023 at Northland

Northland analyst Tim Savageaux named Harmonic as one of his top picks in Communications Technology "for the second year in a row," citing expectations for expanding deployment of next-gen vCCAP-Remote PHY cable network architecture by MSOs in the U.S. and globally. He believes this expansion positions Harmonic well to hit analyst day targets for Broadband revenue of $830M in 2023 and $230M in EBITDA, the analyst tells investors. Savageaux has an Outperform rating and $20 price target on Harmonic shares.