Harmonic Stock Price, News & Analysis (NASDAQ:HLIT)

6 Wall Street 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 research analysts is that investors should "buy" HLIT shares.
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6 brokerages have issued 12-month price objectives for Harmonic's stock. Their HLIT share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $17.33 in the next year. This suggests a possible upside of 64.9% from the stock's current price.
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Harmonic's stock was trading at $13.10 on January 1st, 2023. Since then, HLIT stock has decreased by 19.8% and is now trading at $10.51.
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Harmonic saw a increase in short interest in November. As of November 15th, there was short interest totaling 9,160,000 shares, an increase of 12.1% from the October 31st total of 8,170,000 shares. Based on an average trading volume of 1,910,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 8.4% of the shares of the stock are short sold.
View Harmonic's Short Interest.

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

Harmonic Inc. (NASDAQ:HLIT) issued its quarterly earnings results on Monday, October, 30th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.01. The communications equipment provider earned $127.20 million during the quarter, compared to the consensus estimate of $132.63 million. Harmonic had a net margin of 1.04% and a trailing twelve-month return on equity of 6.97%.

ETFs with the largest weight of Harmonic (NASDAQ:HLIT) stock in their portfolio include SPDR S&P Telecom ETF (XTL), iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Dynamic Software ETF (PSJ), Invesco Dorsey Wright Technology Momentum ETF (PTF) and Invesco S&P SmallCap Information Technology ETF (PSCT).SPDR S&P 600 Small Cap ETF (SLY).

Harmonic updated its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $0.30-$0.38 for the period, compared to the consensus estimate of $0.41. The company issued revenue guidance of $591-$616 million, compared to the consensus revenue estimate of $625.45 million.

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.

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).

Harmonic's stock is owned by many different institutional and retail investors. Top institutional investors include Trigran Investments Inc. (8.59%), Wellington Management Group LLP (6.96%), Scopia Capital Management LP (5.04%), Ameriprise Financial Inc. (2.06%), Toronado Partners LLC (1.79%) and Leeward Investments LLC MA (1.76%). Insiders that own company stock include Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends.

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.
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