Harmonic (HLIT) Stock Forecast, Price & News

6 Wall Street equities research 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 equities research analysts is that investors should "buy" HLIT shares.
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6 brokers have issued 12-month price targets for Harmonic's stock. Their HLIT share price forecasts range from $16.00 to $20.00. On average, they anticipate the company's stock price to reach $18.50 in the next year. This suggests a possible upside of 96.0% from the stock's current price.
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Harmonic's stock was trading at $13.10 at the beginning of 2023. Since then, HLIT shares have decreased by 27.9% and is now trading at $9.44.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our HLIT earnings forecast.

Harmonic Inc. (NASDAQ:HLIT) released its quarterly earnings data on Monday, July, 31st. The communications equipment provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by $0.01. The communications equipment provider earned $155.96 million during the quarter, compared to the consensus estimate of $167.27 million. Harmonic had a net margin of 3.40% and a trailing twelve-month return on equity of 11.78%.

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 issued an update on its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of -$0.02-$0.02 for the period, compared to the consensus EPS estimate of $0.19. The company issued revenue guidance of $125.00 million-$140.00 million, compared to the consensus revenue estimate of $188.60 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 trades on the NASDAQ under the ticker symbol "HLIT."

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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One share of HLIT stock can currently be purchased for approximately $9.44.

Harmonic (NASDAQ:HLIT) has a market capitalization of $1.06 billion and generates $624.96 million in revenue each year. The communications equipment provider earns $28.18 million in net income (profit) each year or $0.18 on an earnings per share basis.

The company employs 1,340 workers across the globe.

Harmonic's mailing address is 4300 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for the company is www.harmonicinc.com. The communications equipment provider can be reached via phone at (408) 542-2500, via email at investor@harmonicinc.com, or via fax at 408-542-2511.