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New CBOE “special perk” helps traders target income every weekend (Ad)
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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
New CBOE “special perk” helps traders target income every weekend (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
New CBOE “special perk” helps traders target income every weekend (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
New CBOE “special perk” helps traders target income every weekend (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
New CBOE “special perk” helps traders target income every weekend (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
New CBOE “special perk” helps traders target income every weekend (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
New CBOE “special perk” helps traders target income every weekend (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa

Harmonic Stock Price, News & Analysis (NASDAQ:HLIT)

$10.51
+0.18 (+1.74%)
(As of 12/8/2023 ET)
Compare
Today's Range
$10.05
$10.65
50-Day Range
$9.14
$11.18
52-Week Range
$8.80
$18.43
Volume
1.51 million shs
Average Volume
1.25 million shs
Market Capitalization
$1.18 billion
P/E Ratio
262.75
Dividend Yield
N/A
Price Target
$17.33

Harmonic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
64.9% Upside
$17.33 Price Target
Short Interest
Bearish
8.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.87mentions of Harmonic in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
250.00%
From $0.16 to $0.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Computer And Technology Sector

265th out of 586 stocks

Radio & T.V. Communications Equipment Industry

10th 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

Toyota plans to sell stake in Harmonic Drive Systems
Analysts Set Harmonic Inc. (NASDAQ:HLIT) PT at $17.33
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Third Harmonic Bio reports Q3 results
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Harmonic Announces Third Quarter 2023 Results
Harmonic (HLIT) Reports Break-Even Earnings for Q3
Harmonic Q3 2023 Earnings Preview
Harmonic, Inc.
Harmonic Extends Lead in Virtualized Broadband
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/09/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/29/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,340
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.33
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+64.9%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$28.18 million
Pretax Margin
4.24%

Debt

Sales & Book Value

Annual Sales
$624.96 million
Cash Flow
$0.49 per share
Book Value
$3.08 per share

Miscellaneous

Free Float
109,722,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
0.87

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Key Executives















HLIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

6 brokerages have issued 12-month price objectives for Harmonic's stock. Their HLIT share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $17.33 in the next year. This suggests a possible upside of 64.9% 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 2023?

Harmonic's stock was trading at $13.10 on January 1st, 2023. Since then, HLIT stock has decreased by 19.8% and is now trading at $10.51.
View the best growth stocks for 2023 here
.

Are investors shorting Harmonic?

Harmonic saw a increase in short interest in November. As of November 15th, there was short interest totaling 9,160,000 shares, an increase of 12.1% from the October 31st total of 8,170,000 shares. Based on an average trading volume of 1,910,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 8.4% of the shares of the stock are short sold.
View Harmonic's Short Interest
.

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) issued its quarterly earnings results on Monday, October, 30th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.01. The communications equipment provider earned $127.20 million during the quarter, compared to the consensus estimate of $132.63 million. Harmonic had a net margin of 1.04% and a trailing twelve-month return on equity of 6.97%.

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

Harmonic updated its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $0.30-$0.38 for the period, compared to the consensus estimate of $0.41. The company issued revenue guidance of $591-$616 million, compared to the consensus revenue estimate of $625.45 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 institutional and retail investors. Top institutional investors include Trigran Investments Inc. (8.59%), Wellington Management Group LLP (6.96%), Scopia Capital Management LP (5.04%), Ameriprise Financial Inc. (2.06%), Toronado Partners LLC (1.79%) and Leeward Investments LLC MA (1.76%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:HLIT) was last updated on 12/10/2023 by MarketBeat.com Staff

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