` Comparison: HLIT, ANET - Alpha Spread

HLIT
vs
ANET

Over the past 12 months, HLIT has underperformed ANET, delivering a return of -26% compared to the ANET's +14% growth.

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HLIT
ANET
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Stocks Compared:
HLIT ANET
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Valuation Comparison

HLIT Intrinsic Value
19.35 USD
Undervaluation 48%
Intrinsic Value
Price
ANET Intrinsic Value
72.07 USD
Overvaluation 45%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Harmonic Inc
NASDAQ:HLIT
9.97 USD
Arista Networks Inc
NYSE:ANET
130.73 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
HLIT, ANET

HLIT
ANET
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Harmonic Inc
Revenue
Arista Networks Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
HLIT, ANET

HLIT
ANET
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Harmonic Inc
NASDAQ:HLIT
Arista Networks Inc
NYSE:ANET
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What is Free Cash Flow?

Gross Margin

HLIT
55.7%
ANET
64.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

Operating Margin

HLIT
12.9%
ANET
42.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

Net Margin

HLIT
7.8%
ANET
39.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

FCF Margin

HLIT
21%
ANET
47.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

ROE

HLIT
11.9%
ANET
31.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

ROA

HLIT
6.7%
ANET
21.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

ROIC

HLIT
8.6%
ANET
48.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

ROCE

HLIT
14.1%
ANET
30.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Harmonic Inc
Arista Networks Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HLIT, ANET

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ANET
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Performance Gap
HLIT, ANET

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HLIT
ANET
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
HLIT, ANET

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ANET
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