NASDAQ:HLIT - Harmonic Stock Price, News, & Analysis

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$5.09 -0.35 (-6.43 %)
(As of 12/9/2018 03:05 PM ET)
Previous Close$5.09
Today's Range$5.08 - $5.53
52-Week Range$2.90 - $6.32
Volume401,849 shs
Average Volume443,179 shs
Market Capitalization$441.29 million
P/E Ratio-9.43
Dividend YieldN/A
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Edge. The Video segment sells video processing, and production and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media companies, including streaming new media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and distribution encoders, contribution encoders, multiscreen transcoders and stream processing systems, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Edge segment offers cable edge solutions and related services, including CableOS software-based converged cable access platform solutions; and narrowcast services gateway products primarily to cable operators. 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, system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was founded in 1988 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:HLIT
Previous Symbol


Debt-to-Equity Ratio0.57
Current Ratio1.36
Quick Ratio1.19


Trailing P/E Ratio-9.43
Forward P/E Ratio-127.25
P/E GrowthN/A

Sales & Book Value

Annual Sales$358.25 million
Price / Sales1.23
Cash FlowN/A
Price / Cash FlowN/A
Book Value$2.68 per share
Price / Book1.90


EPS (Most Recent Fiscal Year)($0.54)
Net Income$-82,950,000.00
Net Margins-9.26%
Return on Equity-5.97%
Return on Assets-2.60%


Outstanding Shares86,700,000
Market Cap$441.29 million

Harmonic (NASDAQ:HLIT) Frequently Asked Questions

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, October, 29th. The communications equipment provider reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The communications equipment provider earned $101.40 million during the quarter, compared to the consensus estimate of $99.46 million. Harmonic had a negative return on equity of 5.97% and a negative net margin of 9.26%. Harmonic's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. View Harmonic's Earnings History.

When is Harmonic's next earnings date?

Harmonic is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Harmonic.

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

Harmonic updated its FY 2018 earnings guidance on Monday, October, 29th. The company provided earnings per share (EPS) guidance of $0.09-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.10. The company issued revenue guidance of $396-409 million, compared to the consensus revenue estimate of $401.7 million.Harmonic also updated its Q4 2018 guidance to $0.01-0.07 EPS.

What price target have analysts set for HLIT?

3 equities research analysts have issued twelve-month target prices for Harmonic's shares. Their forecasts range from $7.00 to $8.25. On average, they anticipate Harmonic's share price to reach $7.6250 in the next year. This suggests a possible upside of 49.8% from the stock's current price. View Analyst Price Targets for Harmonic.

What is the consensus analysts' recommendation for Harmonic?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.

Has Harmonic been receiving favorable news coverage?

Media stories about HLIT stock have trended positive recently, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harmonic earned a news sentiment score of 2.3 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the next several days.

Who are some of Harmonic's key competitors?

Who are Harmonic's key executives?

Harmonic's management team includes the folowing people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 53)
  • Mr. Sanjay Kalra, Sr. VP, CFO & Principal Accounting Officer (Age 45)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 53)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 50)
  • Mr. Timothy C. Chu, Gen. Counsel, Sr. VP of HR & Corp. Sec. (Age 45)

Who are Harmonic's major shareholders?

Harmonic's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.10%), Dimensional Fund Advisors LP (7.41%), Raging Capital Management LLC (7.39%), Vanguard Group Inc. (6.02%), Divisar Capital Management LLC (3.87%) and Royce & Associates LP (2.07%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and William F Reddersen. View Institutional Ownership Trends for Harmonic.

Which institutional investors are selling Harmonic stock?

HLIT stock was sold by a variety of institutional investors in the last quarter, including Raging Capital Management LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., Dynamic Technology Lab Private Ltd, Dimensional Fund Advisors LP, Pinnacle Associates Ltd. and Divisar Capital Management LLC. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer, Patrick Harshman and Sanjay Kalra. View Insider Buying and Selling for Harmonic.

Which institutional investors are buying Harmonic stock?

HLIT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Manatuck Hill Partners LLC, Marathon Capital Management, Renaissance Technologies LLC, Vanguard Group Inc., Morgan Stanley, Algert Global LLC and Royce & Associates LP. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme and William F Reddersen. View Insider Buying and Selling for Harmonic.

How do I buy shares of Harmonic?

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

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $5.09.

How big of a company is Harmonic?

Harmonic has a market capitalization of $441.29 million and generates $358.25 million in revenue each year. The communications equipment provider earns $-82,950,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. Harmonic employs 1,244 workers across the globe.

What is Harmonic's official website?

The official website for Harmonic is

How can I contact Harmonic?

Harmonic's mailing address is 4300 NORTH FIRST STREET, SAN JOSE CA, 95134. The communications equipment provider can be reached via phone at 408-542-2500 or via email at [email protected]

MarketBeat Community Rating for Harmonic (NASDAQ HLIT)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  183 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  469
MarketBeat's community ratings are surveys of what our community members think about Harmonic and other stocks. Vote "Outperform" if you believe HLIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HLIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/9/2018 by Staff

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