S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts

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

$10.79
-0.39 (-3.49%)
(As of 12/4/2023 ET)
Compare
Today's Range
$10.69
$11.33
50-Day Range
$9.14
$11.18
52-Week Range
$8.80
$18.43
Volume
1.46 million shs
Average Volume
1.60 million shs
Market Capitalization
$1.21 billion
P/E Ratio
269.75
Dividend Yield
N/A
Price Target
$17.33

Harmonic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
60.6% Upside
$17.33 Price Target
Short Interest
Bearish
8.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Harmonic in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
250.00%
From $0.16 to $0.56 Per Share

Overall MarketRank

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

2.07 out of 5 stars

Computer And Technology Sector

329th out of 593 stocks

Radio & T.V. Communications Equipment Industry

17th out of 23 stocks


HLIT stock logo

About Harmonic Stock (NASDAQ:HLIT)

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 Stock Price History

HLIT Stock News Headlines

Analysts Set Harmonic Inc. (NASDAQ:HLIT) PT at $17.33
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Third Harmonic Bio reports Q3 results
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Harmonic Announces Third Quarter 2023 Results
Harmonic (HLIT) Reports Break-Even Earnings for Q3
Harmonic Q3 2023 Earnings Preview
Harmonic, Inc.
Harmonic Extends Lead in Virtualized Broadband
KBRO Future-Proofs Broadband Network with Harmonic
See More Headlines
Receive HLIT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
10/30/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/29/2024

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 Target
$17.33
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+60.6%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$28.18 million
Pretax Margin
4.24%

Debt

Sales & Book Value

Annual Sales
$624.96 million
Cash Flow
$0.47 per share
Book Value
$3.08 per share

Miscellaneous

Free Float
109,722,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
0.87

Social Links

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

Key Executives















HLIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

6 Wall Street research analysts have issued 1 year target prices for Harmonic's stock. Their HLIT share price targets range from $14.00 to $20.00. On average, they expect the company's share price to reach $17.33 in the next year. This suggests a possible upside of 60.6% 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 beginning of the year. Since then, HLIT stock has decreased by 17.6% and is now trading at $10.79.
View the best growth stocks for 2023 here
.

Are investors shorting Harmonic?

Harmonic saw a increase in short interest in the month of 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 daily volume of 1,910,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 8.4% of the shares of the stock are short sold.
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, January 29th 2024.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

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

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

Harmonic issued an update on its FY23 earnings guidance on Monday, October, 30th. The company provided EPS guidance of $0.30-$0.38 for the period, compared to the consensus earnings per share estimate of $0.41. The company issued revenue guidance of $591-$616 million, compared to the consensus revenue estimate of $625.45 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 a number of retail and institutional investors. Top institutional shareholders 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
.

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.

This page (NASDAQ:HLIT) was last updated on 12/5/2023 by MarketBeat.com Staff

My Account -