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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
NASDAQ:HLIT

Harmonic (HLIT) Stock Price, News & Analysis

$13.16
-0.15 (-1.13%)
(As of 02/27/2024 ET)
Today's Range
$13.08
$13.40
50-Day Range
$11.18
$14.05
52-Week Range
$8.80
$18.43
Volume
1.48 million shs
Average Volume
2.26 million shs
Market Capitalization
$1.47 billion
P/E Ratio
18.54
Dividend Yield
N/A
Price Target
$17.20

Harmonic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
30.7% Upside
$17.20 Price Target
Short Interest
Healthy
8.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.07mentions of Harmonic in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
125.71%
From $0.35 to $0.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.20 out of 5 stars

Computer And Technology Sector

146th out of 595 stocks

Radio & T.V. Communications Equipment Industry

9th out of 20 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

3 Telecom Stocks to Invest in Right Now
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Millicom Accelerates Fiber Deployments with Harmonic
HLIT Mar 2024 7.500 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Harmonic Analysts Cut Their Forecasts After Q4 Results
Breaking Down Harmonic: 5 Analysts Share Their Views
Recap: Harmonic Q4 Earnings
Harmonic Announces Fourth Quarter and Fiscal 2023 Results
Harmonic: Upcoming Report Worthwhile To Be Bullish On
Earnings Outlook For Harmonic
Peeling Back The Layers: Exploring Harmonic Through Analyst Insights
Here's Why Harmonic (HLIT) Declined in Q3
See More Headlines
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Company Calendar

Last Earnings
1/29/2024
Today
2/27/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,359
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.20
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+30.7%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$83.99 million
Pretax Margin
3.15%

Debt

Sales & Book Value

Annual Sales
$607.91 million
Cash Flow
$0.26 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
109,447,000
Market Cap
$1.47 billion
Optionable
Optionable
Beta
0.82

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Key Executives















HLIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 4 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.
View HLIT analyst ratings
or view top-rated stocks.

What is Harmonic's stock price target for 2024?

5 brokers have issued 1 year target prices for Harmonic's shares. Their HLIT share price targets range from $14.00 to $20.00. On average, they anticipate the company's share price to reach $17.20 in the next twelve months. This suggests a possible upside of 30.7% 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 2024?

Harmonic's stock was trading at $13.04 at the beginning of 2024. Since then, HLIT shares have increased by 0.9% and is now trading at $13.16.
View the best growth stocks for 2024 here
.

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) posted its earnings results on Monday, January, 29th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The communications equipment provider had revenue of $167.10 million for the quarter, compared to the consensus estimate of $158.98 million. Harmonic had a trailing twelve-month return on equity of 4.71% and a net margin of 13.82%. The business's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS.

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

Harmonic updated its FY 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share guidance of 0.490-0.720 for the period, compared to the consensus estimate of 0.730. The company issued revenue guidance of $655.0 million-$710.0 million, compared to the consensus revenue estimate of $744.1 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.63%), Trigran Investments Inc. (7.63%), Dimensional Fund Advisors LP (3.02%), Nuveen Asset Management LLC (1.88%), Leeward Investments LLC MA (1.74%) and Victory Capital Management Inc. (1.45%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HLIT) was last updated on 2/28/2024 by MarketBeat.com Staff