NASDAQ:HLIT

Harmonic (HLIT) Stock Price, News & Analysis

$9.43
-0.15 (-1.57%)
(As of 04/24/2024 ET)
Today's Range
$9.33
$9.60
50-Day Range
$9.58
$14.05
52-Week Range
$8.80
$18.43
Volume
1.70 million shs
Average Volume
1.93 million shs
Market Capitalization
$1.06 billion
P/E Ratio
13.28
Dividend Yield
N/A
Price Target
$17.20

Harmonic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
82.4% Upside
$17.20 Price Target
Short Interest
Bearish
7.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Harmonic in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.92 M Sold Last Quarter
Proj. Earnings Growth
125.00%
From $0.32 to $0.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.40 out of 5 stars

Computer And Technology Sector

207th out of 581 stocks

Radio & T.V. Communications Equipment Industry

5th out of 19 stocks

HLIT stock logo

About Harmonic Stock (NASDAQ:HLIT)

Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.

HLIT Stock Price History

HLIT Stock News Headlines

Harmonic (HLIT) to Release Earnings on Monday
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Harmonic Inc.: Harmonic Announces CEO Succession
Harmonic Announces CEO Succession
Recap: Third Harmonic Bio Q4 Earnings
Returns Are Gaining Momentum At Harmonic (NASDAQ:HLIT)
3 Telecom Stocks to Invest in Right Now
See More Headlines
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Company Calendar

Last Earnings
1/29/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,359
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.20
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+82.4%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$83.99 million
Pretax Margin
3.15%

Debt

Sales & Book Value

Annual Sales
$607.91 million
Cash Flow
$0.26 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
109,447,000
Market Cap
$1.06 billion
Optionable
Optionable
Beta
0.84

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Key Executives


HLIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HLIT shares.
View HLIT analyst ratings
or view top-rated stocks.

What is Harmonic's stock price target for 2024?

5 equities research analysts have issued 1-year price targets for Harmonic's shares. Their HLIT share price targets range from $14.00 to $20.00. On average, they predict the company's stock price to reach $17.20 in the next year. This suggests a possible upside of 82.4% from the stock's current price.
View analysts price targets for HLIT
or view top-rated stocks among Wall Street analysts.

How have HLIT shares performed in 2024?

Harmonic's stock was trading at $13.04 on January 1st, 2024. Since then, HLIT stock has decreased by 27.7% and is now trading at $9.43.
View the best growth stocks for 2024 here
.

Are investors shorting Harmonic?

Harmonic saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,360,000 shares, an increase of 8.7% from the March 15th total of 7,690,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 4.7 days. Approximately 7.7% of the shares of the company are sold short.
View Harmonic's Short Interest
.

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our HLIT earnings forecast
.

How can I listen to Harmonic's earnings call?

Harmonic will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) announced its quarterly earnings results on Monday, January, 29th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The communications equipment provider earned $167.10 million during the quarter, compared to the consensus estimate of $158.98 million. Harmonic had a net margin of 13.82% and a trailing twelve-month return on equity of 4.71%. Harmonic's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS.

What guidance has Harmonic issued on next quarter's earnings?

Harmonic updated its first quarter 2024 earnings guidance on Monday, April, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $121.0 million-$123.0 million, compared to the consensus revenue estimate of $122.1 million.

What is Patrick J. Harshman's approval rating as Harmonic's CEO?

100 employees have rated Harmonic Chief Executive Officer Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among the company's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at Harmonic to a friend.

What other stocks do shareholders of Harmonic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Coty (COTY), Intelsat (I), Advanced Micro Devices (AMD), Energy Transfer (ET), Zynga (ZNGA), American Eagle Outfitters (AEO), Cloudera (CLDR), Designer Brands (DBI), Block (SQ) and Twitter (TWTR).

Who are Harmonic's major shareholders?

Harmonic's stock is owned by many different retail and institutional investors. Top institutional investors include Leeward Investments LLC MA (1.67%), Wasatch Advisors LP (1.21%), Silverberg Bernstein Capital Management LLC (0.71%), Assenagon Asset Management S.A. (0.15%), Game Plan Financial Advisors LLC (0.05%) and Mesirow Financial Investment Management Inc. (0.02%). Insiders that own company stock include Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends
.

How do I buy shares of Harmonic?

Shares of HLIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HLIT) was last updated on 4/24/2024 by MarketBeat.com Staff

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