Harmonic Company Profile (NASDAQ:HLIT)

About Harmonic (NASDAQ:HLIT)

Harmonic logoHarmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. Its Cable Edge business sells cable edge solutions and related services to cable operators around the world. The Video segment offers a range of products and solutions, as well as software-based media processing platforms. The Company's Narrowcast Services Gateway (NSG) products are integrated edge gateway products that integrate routing, multiplexing, scrambling and modulation into a single package for the delivery of narrowcast services to subscribers over cable networks.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Communication Equipment
  • Sub-Industry: Communications Equipment
  • Symbol: NASDAQ:HLIT
  • CUSIP: 41316010
  • Web: www.harmonicinc.com
Capitalization:
  • Market Cap: $422.79 million
  • Outstanding Shares: 80,531,000
Average Prices:
  • 50 Day Moving Avg: $5.39
  • 200 Day Moving Avg: $5.32
  • 52 Week Range: $2.61 - $6.18
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 16.41
  • P/E Growth: 2.50
Sales & Book Value:
  • Annual Revenue: $407.02 million
  • Price / Sales: 1.04
  • Book Value: $3.12 per share
  • Price / Book: 1.68
Profitability:
  • EBIDTA: ($1,020,000.00)
  • Net Margins: -18.23%
  • Return on Equity: -6.80%
  • Return on Assets: -3.68%
Debt:
  • Debt-to-Equity Ratio: 0.42%
  • Current Ratio: 1.58%
  • Quick Ratio: 1.33%
Misc:
  • Average Volume: 698,062 shs.
  • Beta: 0.97
  • Short Ratio: 14.28
 

Frequently Asked Questions for Harmonic (NASDAQ:HLIT)

What is Harmonic's stock symbol?

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

How were Harmonic's earnings last quarter?

Harmonic Inc (NASDAQ:HLIT) released its quarterly earnings results on Monday, May, 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.05) by $0.09. The firm earned $82.90 million during the quarter, compared to analysts' expectations of $92.62 million. Harmonic had a negative return on equity of 6.80% and a negative net margin of 18.23%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. View Harmonic's Earnings History.

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

Harmonic issued an update on its FY17 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $0.02-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of $400-420 million, compared to the consensus revenue estimate of $438.99 million.Harmonic also updated its Q2 guidance to ($0.04) - $0.00 EPS.

Where is Harmonic's stock going? Where will Harmonic's stock price be in 2017?

3 analysts have issued twelve-month target prices for Harmonic's stock. Their predictions range from $4.00 to $7.00. On average, they anticipate Harmonic's stock price to reach $5.67 in the next twelve months. View Analyst Ratings for Harmonic.

Who are some of Harmonic's key competitors?

Who owns Harmonic stock?

Harmonic's stock is owned by many different of institutional and retail investors. Top institutional shareholders include RGM Capital LLC (8.29%), Dimensional Fund Advisors LP (8.16%), Vanguard Group Inc. (6.96%), Epoch Investment Partners Inc. (6.16%), Pinnacle Associates Ltd. (5.27%) and Wellington Management Group LLP (4.65%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nikos Theodosopoulos, Nimrod Ben-Natan, Patrick Gallagher, Patrick Harshman and William F Reddersen. View Institutional Ownership Trends for Harmonic.

Who sold Harmonic stock? Who is selling Harmonic stock?

Harmonic's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, RGM Capital LLC, Pinnacle Associates Ltd., Morgan Stanley, Paradigm Capital Management Inc. NY, Royce & Associates LP, JPMorgan Chase & Co. and Goldman Sachs Group Inc.. Company insiders that have sold Harmonic stock in the last year include Bart Spriester, Harold L Covert, Neven Haltmayer and Nimrod Ben-Natan. View Insider Buying and Selling for Harmonic.

Who bought Harmonic stock? Who is buying Harmonic stock?

Harmonic's stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Netols Asset Management Inc., Russell Investments Group Ltd., Vanguard Group Inc., Bank of America Corp DE, Mackenzie Financial Corp, Schwab Charles Investment Management Inc. and Wells Fargo & Company MN. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme, Nikos Theodosopoulos, Patrick Gallagher, Patrick Harshman and William F Reddersen. View Insider Buying and Selling for Harmonic.

How do I buy Harmonic stock?

Shares of Harmonic can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Harmonic stock cost?

One share of Harmonic stock can currently be purchased for approximately $5.25.

Analyst Ratings

Consensus Ratings for Harmonic (NASDAQ:HLIT) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $5.67 (7.94% upside)

Analysts' Ratings History for Harmonic (NASDAQ:HLIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/2/2017Jefferies Group LLCReiterated RatingHold$4.75 -> $4.00MediumView Rating Details
3/14/2017Drexel HamiltonDowngradeBuy -> HoldHighView Rating Details
12/6/2016Dougherty & CoInitiated CoverageBuy$7.00N/AView Rating Details
1/13/2016Northland SecuritiesInitiated CoverageOutperform$5.00N/AView Rating Details
9/10/2015SidotiUpgradeNeutral -> BuyN/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Harmonic (NASDAQ:HLIT)
Earnings by Quarter for Harmonic (NASDAQ:HLIT)
Earnings History by Quarter for Harmonic (NASDAQ:HLIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017Q1 2017($0.05)($0.14)$92.62 million$82.90 millionViewListenView Earnings Details
2/28/2017Q416$0.06$0.08$108.10 million$113.10 millionViewListenView Earnings Details
11/9/2016Q316$0.03($0.01)$107.24 million$101.40 millionViewListenView Earnings Details
5/10/2016Q116($0.03)($0.11)$83.98 million$82.50 millionViewListenView Earnings Details
2/16/2016Q4($0.01)$0.01$83.92 million$86.60 millionViewListenView Earnings Details
7/27/2015Q215$0.04$0.05$103.63 million$103.10 millionViewListenView Earnings Details
4/28/2015Q115$0.04$0.05$239.22 million$104.00 millionViewListenView Earnings Details
1/29/2015Q414$0.03$0.06$102.57 million$107.90 millionViewListenView Earnings Details
10/28/2014Q314$0.04$0.06$108.90 million$108.10 millionViewListenView Earnings Details
7/28/2014Q214$0.02$0.02$115.23 million$109.60 millionViewN/AView Earnings Details
4/22/2014Q1($0.01)$0.03$111.72 million$108.00 millionViewListenView Earnings Details
1/28/2014Q413$0.07$0.08$121.14 million$120.20 millionViewListenView Earnings Details
10/28/2013Q313$0.05$0.07$119.24 million$122.92 millionViewListenView Earnings Details
7/23/2013Q2 2013$0.02$0.05$109.28 million$117.10 millionViewListenView Earnings Details
4/23/2013Q1 2013$0.01($0.02)$118.29 million$101.70 millionViewListenView Earnings Details
1/29/2013Q4 2012$0.08$0.09$137.54 million$133.42 millionViewListenView Earnings Details
10/23/2012$0.07$0.07ViewN/AView Earnings Details
7/24/2012$0.07$0.06ViewN/AView Earnings Details
1/31/2012$0.12$0.12ViewN/AView Earnings Details
10/27/2011$0.10$0.11ViewN/AView Earnings Details
7/21/2011$0.11$0.09ViewN/AView Earnings Details
4/28/2011$0.09$0.09ViewN/AView Earnings Details
2/3/2011$0.09$0.11ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Harmonic (NASDAQ:HLIT)
2017 EPS Consensus Estimate: $0.09
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.02)($0.02)($0.02)
Q2 20171$0.01$0.01$0.01
Q3 20171$0.01$0.01$0.01
Q4 20171$0.09$0.09$0.09
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Harmonic (NASDAQ:HLIT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Harmonic (NASDAQ:HLIT)
Insider Ownership Percentage: 4.27%
Institutional Ownership Percentage: 96.88%
Insider Trades by Quarter for Harmonic (NASDAQ:HLIT)
Institutional Ownership by Quarter for Harmonic (NASDAQ:HLIT)
Insider Trades by Quarter for Harmonic (NASDAQ:HLIT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/17/2017Harold L CovertCFOSell1,679$5.00$8,395.00View SEC Filing  
5/11/2017Harold L. CovertCFOSell13,172$5.14$67,704.08View SEC Filing  
3/9/2017Neven HaltmayerInsiderSell28,000$5.91$165,480.00View SEC Filing  
3/9/2017Nimrod Ben-NatanSVPSell19,000$5.90$112,100.00View SEC Filing  
3/3/2017Harold L CovertCFOSell136,709$5.72$781,975.48View SEC Filing  
3/2/2017Bart SpriesterSVPSell15,522$5.85$90,803.70View SEC Filing  
11/15/2016Nikos TheodosopoulosDirectorBuy25,000$4.75$118,750.00View SEC Filing  
3/7/2016Patrick GallagherDirectorBuy5,000$3.24$16,200.00View SEC Filing  
2/18/2016Floyd E KvammeDirectorBuy25,000$3.25$81,250.00View SEC Filing  
12/15/2015Patrick HarshmanCEOBuy10,000$4.29$42,900.00View SEC Filing  
12/11/2015Patrick HarshmanCEOBuy10,000$4.32$43,200.00View SEC Filing  
12/11/2015William F ReddersenDirectorBuy1,828$4.30$7,860.40View SEC Filing  
2/18/2015Nimrod Ben-NatanSVPSell26,250$7.86$206,325.00View SEC Filing  
2/17/2015Patrick GallagherDirectorSell9,717$7.88$76,569.96View SEC Filing  
2/10/2015Carolyn V AverCFOSell48,512$7.75$375,968.00View SEC Filing  
2/10/2015William F ReddersenDirectorSell8,319$7.70$64,056.30View SEC Filing  
2/4/2015Charles BonaseraSVPSell15,662$7.78$121,850.36View SEC Filing  
2/4/2015Neven HaltmayerVPSell156,000$7.68$1,198,080.00View SEC Filing  
2/3/2015Charles BonaseraSVPSell30,197$7.74$233,724.78View SEC Filing  
2/3/2015Neven HaltmayerVPSell30,000$7.74$232,200.00View SEC Filing  
2/2/2015Neven HaltmayerVPSell116,000$7.66$888,560.00View SEC Filing  
12/12/2014Carolyn V AverCFOSell50,000$6.97$348,500.00View SEC Filing  
12/9/2014Harold L CovertDirectorSell35,000$7.00$245,000.00View SEC Filing  
8/1/2014Patrick HarshmanCEOBuy10,000$5.97$59,700.00View SEC Filing  
7/30/2014George StromeyerSVPBuy10,000$5.98$59,800.00View SEC Filing  
6/12/2014Neven HaltmayerVPSell25,750$7.55$194,412.50View SEC Filing  
6/10/2014Charles BonaseraSVPSell14,413$7.68$110,691.84View SEC Filing  
4/24/2014William ReddersenDirectorSell18,662$7.24$135,112.88View SEC Filing  
8/16/2013Charles BonaseraVPSell7,336$7.70$56,487.20View SEC Filing  
8/2/2013Charles BonaseraVPSell12,664$7.81$98,905.84View SEC Filing  
7/25/2013Charles BonaseraVPSell20,000$7.60$152,000.00View SEC Filing  
7/25/2013William F ReddersenDirectorBuy2,070$7.66$15,856.20View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Harmonic (NASDAQ:HLIT)
Latest Headlines for Harmonic (NASDAQ:HLIT)
Source:
DateHeadline
finance.yahoo.com logoWhat Makes Harmonic (HLIT) a Strong Sell?
finance.yahoo.com - May 23 at 11:32 AM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : May 22, 2017
finance.yahoo.com - May 22 at 5:13 PM
americanbankingnews.com logoHarmonic Inc (HLIT) CFO Sells $67,704.08 in Stock
www.americanbankingnews.com - May 15 at 1:26 PM
americanbankingnews.com logoHarmonic Inc (HLIT) Expected to Post Earnings of -$0.06 Per Share
www.americanbankingnews.com - May 12 at 12:02 AM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 6:17 PM
finance.yahoo.com logoHarmonic, Inc. :HLIT-US: Earnings Analysis: Q1, 2017 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 1:28 PM
rttnews.com logoEARNINGS SUMMARY: Details of Harmonic Inc Q1 Earnings Report
www.rttnews.com - May 3 at 4:09 PM
finance.yahoo.com logoHarmonic to Participate at the 2017 Jefferies Technology Group Investor Conference
finance.yahoo.com - May 3 at 4:09 PM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bearish Manner : HLIT-US : May 3, 2017
finance.yahoo.com - May 3 at 4:09 PM
americanbankingnews.com logoJefferies Group LLC Reaffirms Hold Rating for Harmonic Inc (HLIT)
www.americanbankingnews.com - May 2 at 10:42 PM
fool.com logoWhy Harmonic Inc. Shares Are Taking a Beating Today
www.fool.com - May 2 at 2:28 PM
americanbankingnews.com logoHarmonic (HLIT) Earns Media Sentiment Score of -0.12
www.americanbankingnews.com - May 2 at 11:48 AM
finance.yahoo.com logoEdited Transcript of HLIT earnings conference call or presentation 1-May-17 9:00pm GMT
finance.yahoo.com - May 2 at 10:06 AM
finance.yahoo.com logoSHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Harmonic Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
finance.yahoo.com - May 2 at 10:06 AM
americanbankingnews.com logoHarmonic Inc (HLIT) Posts Earnings Results, Misses Estimates By $0.09 EPS
www.americanbankingnews.com - May 1 at 11:36 PM
americanbankingnews.com logoHarmonic Inc (HLIT) Updates FY17 Earnings Guidance
www.americanbankingnews.com - May 1 at 8:48 PM
americanbankingnews.com logoHarmonic Inc (HLIT) Releases Q2 Earnings Guidance
www.americanbankingnews.com - May 1 at 8:48 PM
finance.yahoo.com logoHarmonic Announces First Quarter 2017 Results
finance.yahoo.com - May 1 at 6:36 PM
finance.yahoo.com logoHarmonic shares plunge on weak first-quarter results
finance.yahoo.com - May 1 at 6:36 PM
marketbeat.com logoHarmonic reports 1Q loss
marketbeat.com - May 1 at 4:58 PM
finance.yahoo.com logoInvestor Network: Harmonic Inc. to Host Earnings Call
finance.yahoo.com - May 1 at 1:34 PM
americanbankingnews.com logoHarmonic (HLIT) Receiving Somewhat Favorable Press Coverage, Study Shows
www.americanbankingnews.com - April 27 at 8:31 PM
finance.yahoo.com logoHarmonic, Inc. – Value Analysis (NASDAQ:HLIT) : April 24, 2017
finance.yahoo.com - April 24 at 5:23 PM
americanbankingnews.com logoHarmonic (HLIT) Earning Negative News Coverage, Report Shows
www.americanbankingnews.com - April 24 at 11:19 AM
finance.yahoo.com logoPCCW Global Delivers Immersive 360-Degree, VR Sports Experience With Harmonic
finance.yahoo.com - April 23 at 10:33 AM
finance.yahoo.com logoHarmonic Pushes OTT QoE to New Heights at the 2017 NAB Show
finance.yahoo.com - April 23 at 10:33 AM
finance.yahoo.com logoHarmonic Brings Market-Leading Playout Capabilities to VOS™ Cloud and VOS 360 Solutions
finance.yahoo.com - April 23 at 10:33 AM
americanbankingnews.com logo Brokerages Anticipate Harmonic Inc (HLIT) Will Post Quarterly Sales of $93.36 Million
www.americanbankingnews.com - April 23 at 9:53 AM
americanbankingnews.com logoHarmonic (HLIT) Earning Somewhat Favorable News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 21 at 8:54 PM
finance.yahoo.com logoHarmonic and Blue Man Group Team up to Offer Stunning Native UHD 360-Degree VR Experience at the 2017 NAB Show
finance.yahoo.com - April 21 at 10:59 AM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bullish Manner : HLIT-US : April 21, 2017
finance.yahoo.com - April 21 at 10:59 AM
americanbankingnews.com logoHarmonic Inc (HLIT) Expected to Announce Earnings of -$0.10 Per Share
www.americanbankingnews.com - April 21 at 7:31 AM
finance.yahoo.com logoHarmonic Announces First Quarter 2017 Reporting Date
finance.yahoo.com - April 20 at 5:46 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Very Likely to Affect Harmonic (HLIT) Stock Price
www.americanbankingnews.com - April 18 at 6:03 PM
americanbankingnews.com logoHarmonic (HLIT) Given Daily News Impact Score of 0.48
www.americanbankingnews.com - April 15 at 9:21 AM
finance.yahoo.com logoHarmonic Demonstrates Cutting-Edge End-to-End Playout and Distribution Workflow on IT Infrastructure at the 2017 NAB Show
finance.yahoo.com - April 13 at 10:26 AM
finance.yahoo.com logoHarmonic Experts to Present on Emerging Technologies During 2017 NAB Show
finance.yahoo.com - April 11 at 12:05 PM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : April 5, 2017
finance.yahoo.com - April 7 at 10:14 AM
finance.yahoo.com logoHarmonic Powers Globosat's Groundbreaking IP Broadcast Workflow
finance.yahoo.com - April 7 at 10:14 AM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bearish Manner : HLIT-US : April 6, 2017
finance.yahoo.com - April 7 at 10:14 AM
prnewswire.com logoResearch Reports Initiation on Communication Equipment Stocks -- Infinera, ARRIS, Harmonic, and ViaSat
www.prnewswire.com - March 22 at 5:52 PM
finance.yahoo.com logoNilesat Speeds Up Broadcast Playout Operations With Harmonic
finance.yahoo.com - March 20 at 7:06 PM
finance.yahoo.com logoOoredoo Pioneers First 4K/UHD Channels in the Middle East With Harmonic
finance.yahoo.com - March 15 at 5:58 PM
americanbankingnews.com logoHarmonic Inc (HLIT) Rating Lowered to Hold at Drexel Hamilton
www.americanbankingnews.com - March 14 at 10:52 PM
finance.yahoo.com logoHarmonic downgraded by Drexel Hamilton
finance.yahoo.com - March 14 at 12:06 PM
finance.yahoo.com logoHARMONIC INC Financials
finance.yahoo.com - March 9 at 6:05 PM
americanbankingnews.com logoHarmonic Inc (HLIT) Cut to “Sell” at Zacks Investment Research
www.americanbankingnews.com - March 8 at 1:31 AM
biz.yahoo.com logoHARMONIC INC Files SEC form 10-K, Annual Report
biz.yahoo.com - March 3 at 5:40 PM
us.rd.yahoo.com logo4:19 pm Harmonic beats by $0.02, beats on revs; guides Q1 EPS below consensus, revs above consensus
us.rd.yahoo.com - March 1 at 11:59 AM
biz.yahoo.com logoHARMONIC INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
biz.yahoo.com - March 1 at 11:59 AM

Social

Chart

Harmonic (HLIT) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff