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NASDAQ:HLIT

Harmonic (HLIT) Stock Forecast, Price & News

$9.52
+0.08 (+0.85%)
(As of 11:27 AM ET)
Compare
Today's Range
$9.36
$9.55
50-Day Range
$9.44
$15.80
52-Week Range
$9.36
$18.43
Volume
217,026 shs
Average Volume
1.48 million shs
Market Capitalization
$1.07 billion
P/E Ratio
52.89
Dividend Yield
N/A
Price Target
$18.50

Harmonic MarketRank™ Forecast

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
95.1% Upside
$18.50 Price Target
Short Interest
Healthy
5.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of Harmonic in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
176.00%
From $0.25 to $0.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.21 out of 5 stars

Computer And Technology Sector

15th out of 584 stocks

Radio & T.V. Communications Equipment Industry

2nd out of 23 stocks


HLIT stock logo

About Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Broadband. The Video segment sells video processing, production, and playout solutions and services to broadband operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's 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 software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, 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 Broadband segment offers CableOS software-based broadband access solutions; and CableOS central cloud services primarily to broadband operators. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, 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. Harmonic Inc. was incorporated in 1988 and is headquartered in San Jose, California.

HLIT Price History

HLIT Stock News Headlines

Harmonic (NASDAQ:HLIT) Rating Lowered to Sell at StockNews.com
KBRO Future-Proofs Broadband Network with Harmonic
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Harmonic Target of Unusually Large Options Trading (NASDAQ:HLIT)
Harmonic (NASDAQ:HLIT) Stock Rating Upgraded by StockNews.com
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Harmonic Brings Cutting-Edge AI Innovations to IBC2023
Harmonic: I'm Still A Buyer
ViewLift Streams Motorsport Event at Scale with Harmonic
Harmonic shares jump after Raymond James upgrade
Raymond James Upgrades Harmonic (HLIT)
What 12 Analyst Ratings Have To Say About Harmonic
See More Headlines
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HLIT Company Calendar

Last Earnings
7/31/2023
Today
9/25/2023
Next Earnings (Estimated)
10/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,340
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.50
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+94.1%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$28.18 million
Pretax Margin
7.03%

Debt

Sales & Book Value

Annual Sales
$624.96 million
Cash Flow
$0.49 per share
Book Value
$3.08 per share

Miscellaneous

Free Float
109,453,000
Market Cap
$1.07 billion
Optionable
Optionable
Beta
0.88

Social Links

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Key Executives

  • Dr. Patrick J. HarshmanDr. Patrick J. Harshman (Age 58)
    Pres, CEO & Director
    Comp: $1.71M
  • Mr. Ian Graham (Age 62)
    Sr. VP of Global Sales & Video Services
    Comp: $803.18k
  • Mr. Neven HaltmayerMr. Neven Haltmayer (Age 58)
    Sr. VP of Video R&D
    Comp: $744.46k
  • Mr. Nimrod Ben-NatanMr. Nimrod Ben-Natan (Age 55)
    Sr. VP & GM of Broadband Bus.
    Comp: $767.65k
  • Mr. Walter F. Jankovic (Age 54)
    Chief Financial Officer
  • Mr. Jean-Marc Guiot
    Sr. VP of Operations & IT
  • Mr. Michael Smiley
    Fin. & Investor Relations Mang.
  • Mr. Timothy C. Chu (Age 50)
    Gen. Counsel, Sr. VP of HR & Corp. Sec.
  • Ms. Crystele Trevisan-Jallu
    Sr. VP of Corp. Marketing & Communications
  • Mr. Shahar Bar
    Sr. VP of Corp. Devel.













HLIT Stock - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 5 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 forecast for 2023?

6 Wall Street analysts have issued 1 year price targets for Harmonic's stock. Their HLIT share price forecasts range from $16.00 to $20.00. On average, they anticipate the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 94.1% 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 2023?

Harmonic's stock was trading at $13.10 at the start of the year. Since then, HLIT shares have decreased by 27.3% and is now trading at $9.53.
View the best growth stocks for 2023 here
.

Are investors shorting Harmonic?

Harmonic saw a decline in short interest in August. As of August 31st, there was short interest totaling 6,440,000 shares, a decline of 5.4% from the August 15th total of 6,810,000 shares. Based on an average daily trading volume, of 1,670,000 shares, the short-interest ratio is presently 3.9 days. Approximately 5.9% of the company's shares 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, October 30th 2023.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) released its earnings results on Monday, July, 31st. The communications equipment provider reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The communications equipment provider earned $155.96 million during the quarter, compared to the consensus estimate of $167.27 million. Harmonic had a trailing twelve-month return on equity of 11.78% and a net margin of 3.40%.

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

Harmonic updated its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided EPS guidance of -$0.02-$0.02 for the period, compared to the consensus earnings per share estimate of $0.19. The company issued revenue guidance of $125.00 million-$140.00 million, compared to the consensus revenue estimate of $188.60 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).

What is Harmonic's stock symbol?

Harmonic trades on the NASDAQ under the ticker symbol "HLIT."

Who are Harmonic's major shareholders?

Harmonic's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.46%), Trigran Investments Inc. (6.22%), State Street Corp (3.40%), Dimensional Fund Advisors LP (2.95%), Scopia Capital Management LP (2.83%) and Geode Capital Management LLC (2.01%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $9.53.

How much money does Harmonic make?

Harmonic (NASDAQ:HLIT) has a market capitalization of $1.07 billion and generates $624.96 million in revenue each year. The communications equipment provider earns $28.18 million in net income (profit) each year or $0.18 on an earnings per share basis.

How many employees does Harmonic have?

The company employs 1,340 workers across the globe.

How can I contact Harmonic?

Harmonic's mailing address is 4300 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for the company is www.harmonicinc.com. The communications equipment provider can be reached via phone at (408) 542-2500, via email at investor@harmonicinc.com, or via fax at 408-542-2511.

This page (NASDAQ:HLIT) was last updated on 9/25/2023 by MarketBeat.com Staff

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