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

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$5.25 0.00 (0.00 %)
(As of 08/20/2018 04:54 AM ET)
Previous Close$5.25
Today's Range$5.15 - $5.35
52-Week Range$2.80 - $5.35
Volume261,160 shs
Average Volume533,574 shs
Market Capitalization$445.21 million
P/E Ratio-9.72
Dividend YieldN/A
Harmonic logoHarmonic 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 Edge. 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 companies, including streaming new media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and distribution encoders, contribution encoders, multiscreen transcoders and stream processing systems, 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 Edge segment offers cable edge solutions and related services, including CableOS software-based converged cable access platform 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

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology


Debt-to-Equity Ratio0.57
Current Ratio1.29
Quick Ratio1.12


Trailing P/E Ratio-9.72
Forward P/E Ratio-65.63
P/E GrowthN/A

Sales & Book Value

Annual Sales$358.25 million
Price / Sales1.26
Cash FlowN/A
Price / CashN/A
Book Value$2.68 per share
Price / Book1.96


EPS (Most Recent Fiscal Year)($0.54)
Net Income$-82,950,000.00
Net Margins-11.52%
Return on Equity-5.68%
Return on Assets-2.46%


Outstanding Shares86,030,000
Market Cap$445.21 million

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) released its earnings results on Monday, July, 30th. The communications equipment provider reported $0.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.04) by $0.09. The communications equipment provider had revenue of $99.40 million for the quarter, compared to analysts' expectations of $95.72 million. Harmonic had a negative return on equity of 5.68% and a negative net margin of 11.52%. The business's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) EPS. View Harmonic's Earnings History.

When is Harmonic's next earnings date?

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, October, 29th 2018. View Earnings Estimates for Harmonic.

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

Harmonic issued an update on its FY18 earnings guidance on Monday, July, 30th. The company provided earnings per share guidance of ($0.01)-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.14. The company issued revenue guidance of $388-411 million, compared to the consensus revenue estimate of $407.27 million.Harmonic also updated its Q3 guidance to ($0.05)-0.03 EPS.

What price target have analysts set for HLIT?

4 analysts have issued 1 year price objectives for Harmonic's shares. Their predictions range from $3.50 to $7.00. On average, they anticipate Harmonic's stock price to reach $5.6667 in the next year. This suggests a possible upside of 7.9% 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.

Who are some of Harmonic's key competitors?

Who are Harmonic's key executives?

Harmonic's management team includes the folowing people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 53)
  • Mr. Sanjay Kalra, Sr. VP, CFO & Principal Accounting Officer (Age 45)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 53)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 50)
  • Mr. Blair King, Director of Investor Relations

Has Harmonic been receiving favorable news coverage?

News headlines about HLIT stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harmonic earned a news impact score of 0.16 on Accern's scale. They also assigned media stories about the communications equipment provider an impact score of 46.76 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Harmonic.

Who are Harmonic's major shareholders?

Harmonic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.36%), Dimensional Fund Advisors LP (7.50%), Divisar Capital Management LLC (3.92%), Royce & Associates LP (1.97%), Millennium Management LLC (1.86%) and Schwab Charles Investment Management Inc. (0.55%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nikos Theodosopoulos, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and William F Reddersen. View Institutional Ownership Trends for Harmonic.

Which institutional investors are selling Harmonic stock?

HLIT stock was sold by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc., Victory Capital Management Inc., California Public Employees Retirement System and Russell Investments Group Ltd.. Company insiders that have sold Harmonic company stock in the last year include Bart Spriester, Neven Haltmayer, Patrick Harshman and Sanjay Kalra. View Insider Buying and Selling for Harmonic.

Which institutional investors are buying Harmonic stock?

HLIT stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Divisar Capital Management LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Algert Global LLC, Royce & Associates LP and Dynamic Technology Lab Private Ltd. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme, Nikos Theodosopoulos 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 $5.25.

How big of a company is Harmonic?

Harmonic has a market capitalization of $445.21 million and generates $358.25 million in revenue each year. The communications equipment provider earns $-82,950,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. Harmonic employs 1,244 workers across the globe.

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:  1.9 out of 5 (star)
Outperform Votes:  162 (Vote Outperform)
Underperform Votes:  273 (Vote Underperform)
Total Votes:  435
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 8/20/2018 by Staff

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