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BAC   42.14 (+1.08%)
NASDAQ:HLIT

Harmonic Stock Forecast, Price & News

$9.00
-0.04 (-0.44 %)
(As of 09/24/2021 12:00 AM ET)
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Compare
Today's Range
$8.91
$9.12
50-Day Range
$7.70
$10.63
52-Week Range
$5.20
$10.75
Volume389,807 shs
Average Volume708,221 shs
Market Capitalization$916.25 million
P/E RatioN/A
Dividend YieldN/A
Beta0.79
30 days | 90 days | 365 days | Advanced Chart
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Harmonic logo

About Harmonic

Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Cable Access segment offers solutions to cable operators. The company was founded in June 1988 and is headquartered in San Jose, CA.

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MarketRank

Overall MarketRank

2.15 out of 5 stars

Computer And Technology Sector

313th out of 858 stocks

Radio & T.V. Communications Equipment Industry

11th out of 32 stocks

Analyst Opinion: 2.4Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Harmonic (NASDAQ:HLIT) Frequently Asked Questions

Is Harmonic a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Harmonic stock.
View analyst ratings for Harmonic
or view top-rated stocks.

What stocks does MarketBeat like better than Harmonic?

Wall Street analysts have given Harmonic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Harmonic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Harmonic's next earnings date?

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Harmonic
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) released its quarterly earnings results on Monday, August, 2nd. The communications equipment provider reported $0.05 EPS for the quarter, beating the Zacks' consensus estimate of ($0.04) by $0.09. The communications equipment provider had revenue of $113.45 million for the quarter, compared to analyst estimates of $107.59 million. Harmonic had a negative net margin of 0.01% and a positive trailing twelve-month return on equity of 4.84%. The business's revenue for the quarter was up 53.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) EPS.
View Harmonic's earnings history
.

How has Harmonic's stock been impacted by COVID-19?

Harmonic's stock was trading at $5.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HLIT stock has increased by 62.7% and is now trading at $9.00.
View which stocks have been most impacted by COVID-19
.

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

Harmonic updated its third quarter 2021 earnings guidance on Monday, August, 9th. The company provided earnings per share (EPS) guidance of $0.010-$0.050 for the period, compared to the Thomson Reuters consensus estimate of $0.050. The company issued revenue guidance of $112 million-$122 million, compared to the consensus revenue estimate of $117.46 million.

What price target have analysts set for HLIT?

5 analysts have issued 1 year target prices for Harmonic's stock. Their forecasts range from $9.00 to $13.00. On average, they anticipate Harmonic's stock price to reach $10.80 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price.
View analysts' price targets for Harmonic
or view top-rated stocks among Wall Street analysts.

Who are Harmonic's key executives?

Harmonic's management team includes the following people:
  • Patrick J. Harshman, President, Chief Executive Officer & Director
  • Jean-Marc Guiot, Senior VP-Operations & Information Technology
  • Sanjay Kalra, Chief Financial Officer & Senior Vice President
  • Neven Haltmayer, Senior Vice President-R&D, Video Business (LinkedIn Profile)
  • Tim Warren, Chief Technology Officer-Video Business & SVP

What is Patrick J. Harshman's approval rating as Harmonic's CEO?

77 employees have rated Harmonic CEO Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among Harmonic's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Square (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 Price T Rowe Associates Inc. MD (17.43%), BlackRock Inc. (15.79%), Vanguard Group Inc. (6.56%), Dimensional Fund Advisors LP (4.67%), State Street Corp (3.21%) and Royal Bank of Canada (2.03%). Company insiders that own Harmonic stock include David Krall, Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends for Harmonic
.

Which major investors are selling Harmonic stock?

HLIT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Deutsche Bank AG, Ancora Advisors LLC, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Royal Bank of Canada, and Bank of America Corp DE. Company insiders that have sold Harmonic company stock in the last year include Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, and Sanjay Kalra.
View insider buying and selling activity for Harmonic
or view top insider-selling stocks.

Which major investors are buying Harmonic stock?

HLIT stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Victory Capital Management Inc., Boothbay Fund Management LLC, Trigran Investments Inc., JPMorgan Chase & Co., Millennium Management LLC, Cowen Prime Advisors LLC, and Vanguard Group Inc..
View insider buying and selling activity for Harmonic
or or view top insider-buying stocks.

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 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 $9.00.

How much money does Harmonic make?

Harmonic has a market capitalization of $916.25 million and generates $378.83 million in revenue each year. The communications equipment provider earns $-29,270,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

How many employees does Harmonic have?

Harmonic employs 1,169 workers across the globe.

What is Harmonic's official website?

The official website for Harmonic is www.harmonicinc.com.

Where are Harmonic's headquarters?

Harmonic is headquartered at 4300 NORTH FIRST STREET, SAN JOSE CA, 95134.

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].


This page was last updated on 9/24/2021 by MarketBeat.com Staff

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