5 Oversold Growth Stocks To Buy

2. Harmonic Inc. (NASDAQ:HLIT)

Latest 14 Day RSI Reading: 16.30

Latest Trailing P/E Ratio: 38.14

Harmonic Inc. (NASDAQ:HLIT) sells video processing and broadband internet products. It missed analyst EPS estimates for its Q2 2023 earnings. However, the shares are rated Strong Buy on average and analysts have released optimistic notes about the stock in August.

By the end of March 2023, 25 of the 943 hedge funds part of Insider Monkey’s database had held a stake in the company. Out of these, Harmonic Inc. (NASDAQ:HLIT)’s largest shareholder is Douglas T. Granat’s Trigran Investments due to its $123 million investment.

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