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

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$5.50 -0.12 (-2.14 %)
(As of 05/19/2019 11:10 AM ET)
Previous Close$5.50
Today's Range$5.50 - $5.61
52-Week Range$3.75 - $6.32
Volume364,344 shs
Average Volume520,011 shs
Market Capitalization$488.35 million
P/E RatioN/A
Dividend YieldN/A
Beta0.89
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 Access. 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, including streaming media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and over-the-top encoders, contribution encoders, high-density transcoders and stream processing, 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 Access segment offers cable edge solutions and related services, including CableOS software-based cable access 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

Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:HLIT
CUSIP41316010
Phone408-542-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$403.56 million
Cash Flow$0.3483 per share
Book Value$2.48 per share

Profitability

Net Income$-21,030,000.00

Miscellaneous

Employees1,162
Market Cap$488.35 million
Next Earnings Date7/29/2019 (Estimated)
OptionableOptionable

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) announced its quarterly earnings data on Monday, April, 29th. The communications equipment provider reported ($0.08) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.09) by $0.01. The communications equipment provider had revenue of $80.10 million for the quarter, compared to analysts' expectations of $85.52 million. Harmonic had a negative net margin of 4.74% and a negative return on equity of 0.08%. The business's revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($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 Monday, July 29th 2019. View Earnings Estimates for Harmonic.

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

Harmonic issued an update on its second quarter earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of ($0.11)-($0.05) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $80-90 million, compared to the consensus revenue estimate of $98.56 million.Harmonic also updated its FY 2019 guidance to $-0.19-0.27 EPS.

What price target have analysts set for HLIT?

4 analysts have issued 1-year price targets for Harmonic's stock. Their predictions range from $7.00 to $8.25. On average, they anticipate Harmonic's share price to reach $7.3125 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price. View Analyst Price Targets for Harmonic.

What is the consensus analysts' recommendation for Harmonic?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.

Has Harmonic been receiving favorable news coverage?

Headlines about HLIT stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Harmonic earned a news sentiment score of 2.2 on InfoTrie's scale. They also gave media coverage about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of Harmonic's key competitors?

What other stocks do shareholders of Harmonic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Intelsat (I), Zynga (ZNGA), Advanced Micro Devices (AMD), Fossil Group (FOSL), First Data (FDC), Transocean (RIG), Twitter (TWTR), Cypress Semiconductor (CY), AMC Entertainment (AMC) and Bank of America (BAC).

Who are Harmonic's key executives?

Harmonic's management team includes the folowing people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 54)
  • Mr. Sanjay Kalra, Sr. VP, CFO & Principal Accounting Officer (Age 46)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 54)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 51)
  • Mr. Timothy C. Chu, Gen. Counsel, Sr. VP of HR & Corp. Sec. (Age 46)

Who are Harmonic's major shareholders?

Harmonic's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.26%), Dimensional Fund Advisors LP (7.08%), Wellington Management Group LLP (3.36%), Wells Fargo & Company MN (1.34%), Geode Capital Management LLC (1.20%) and Northern Trust Corp (1.18%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Neven Haltmayer, Patrick Harshman, Sanjay Kalra, Susan Swenson and William F Reddersen. 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 Royce & Associates LP, Cowen Prime Services LLC, White Pine Capital LLC, Dimensional Fund Advisors LP, Assenagon Asset Management S.A., Oxford Asset Management LLP, JPMorgan Chase & Co. and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Harmonic.

Which major investors are buying Harmonic stock?

HLIT stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Morgan Stanley, Renaissance Technologies LLC, FMR LLC, Goldman Sachs Group Inc., BlackRock Inc., Boston Advisors LLC and Victory Capital Management Inc.. 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 $5.50.

How big of a company is Harmonic?

Harmonic has a market capitalization of $488.35 million and generates $403.56 million in revenue each year. The communications equipment provider earns $-21,030,000.00 in net income (profit) each year or $0.03 on an earnings per share basis. Harmonic employs 1,162 workers across the globe.

What is Harmonic's official website?

The official website for Harmonic is http://www.harmonicinc.com.

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:  207 (Vote Outperform)
Underperform Votes:  310 (Vote Underperform)
Total Votes:  517
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 5/19/2019 by MarketBeat.com Staff

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