5 Best Industrial Disributor Stocks To Watch Right Now

5 Best Industrial Disributor Stocks To Watch Right Now: Harmonic Inc.(HLIT)

Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions to create, prepare, and deliver a range of video services for television and media platforms in the united States and internationally. Its products include video production platforms and playout solutions, such as video servers used by broadcasters, content owners, and multi-channel network operators to create and play-to-air television channels; video-optimized storage, which provides storage capacity and access bandwidth to support media production applications comprising video editing, content transformation, and media library management; and media applications that provide media integrated management and workflow control over content stored on its systems. The company offers video processing products, including broadcast encoders; contribution and distribution encoders; stream processing and statistical multiplexing solutions; content preparation and delivery for multi-scr een applications; decoders and descramblers; and management and control software. It also provides edge products that integrate routing, multiplexing, scrambling, and modulation into a single package; optical transmitters and amplifiers, which operates at various optical wavelengths and serves long-haul and local transport applications in the cable distribution network; optical nodes to supports network architectures for bandwidth delivered to a service area; and return path transmitters that support two-way transmission capabilities for analog or digital transport. In addition, the company offers technical support and professional services, such as maintenance and support; and consulting, implementation, and integration services. Harmonic Inc. sells its products through direct sales force, independent distributors, and integrators to cable, satellite and telco, and broadcast and media companies. The company was founded in 1988 and is headquartere! d in San Jose, California. Advisors' Opinion:

• [By Evan Niu]

  What: Shares of Harmonic (NASDAQ: HLIT  ) have jumped today by as much as 16% after the company reported earnings.

  So what: Revenue in the second quarter totaled $117.1 million, and bookings were $126.3 million. Non-GAAP net income was $5.6 million, or $0.05 per share. That bottom-line result is a welcome improvement compared to the adjusted net loss of $0.02 per share a year ago.

• [By Seth Jayson]

  Harmonic (Nasdaq: HLIT  ) is expected to report Q1 earnings on April 23. Here's what Wall Street wants to see:

  The 10-second takeaway
  Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Harmonic's revenues will decrease -10.8% and EPS will decrease -66.7%.

• [By Roberto Pedone]

  Harmonic (HLIT) designs, manufactures and sells versatile and hig-performance video products and system solutions that enable service providers to efficiently deliver the next generation of broadcast and on-demand services. This stock closed up 1.8% to $7.81 in Tuesday's trading session.

  Tuesday's Range: $7.61-$7.85
  
  52-Week Range: $3.96-$8.04
  
  Tuesday's Volume: 656,000
  
  Three-Month Average Volume: 777,544

  From a technical perspective, HLIT bounced modestly higher here right above its 50-day moving average of $7.51 with decent upside volume. This stock has been uptrending a bit for the last month, with shares moving higher from its low of $7.10 to its intraday high of $7.85. During that move, shares of HLIT have been consistently making higher lows and higher highs, which is bullish technical price action. That move is now pushing shares of HLIT within range of triggering a big breakout trade. That trade will hit if HLIT manages to take out some near-term overhead resistance at $8 to its 52-week high at $8.04 with high volume.

  Traders should now look for long-biased trades ! in HLIT a! s long as it's trending above its 50-day at $7.51 or above more support at $7, and then once it sustains a move or close above those breakout levels with volume that hits near or above 777,544 shares. If that breakout triggers soon, then HLIT will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $9.50 to $10.50.

• [By Garrett Cook]

  Shares of Harmonic (NASDAQ: HLIT) were down 8.91 percent to $6.50 after the company lowered its Q2 forecast and issued a weak Q3 guidance.

  Riverbed Technology (NASDAQ: RVBD) shares tumbled 5.85 percent to $19.16 after the company lowered its Q2 revenue forecast.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/5-best-industrial-disributor-stocks-to-watch-right-now-3.html