NASDAQ:HLIT Harmonic (HLIT) Stock Forecast, Price & News $17.08 +0.33 (+1.97%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$16.75▼$17.2850-Day Range$13.09▼$17.0852-Week Range$8.27▼$17.28Volume1.22 million shsAverage Volume1.30 million shsMarket Capitalization$1.90 billionP/E Ratio55.10Dividend YieldN/APrice Target$20.17 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Harmonic MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside18.1% Upside$20.17 Price TargetShort InterestBearish7.59% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.86Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth56.25%From $0.48 to $0.75 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsComputer And Technology Sector344th out of 623 stocksRadio & T.V. Communications Equipment Industry17th out of 24 stocks 2.5 Analyst's Opinion Consensus RatingHarmonic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.17, Harmonic has a forecasted upside of 18.1% from its current price of $17.08.Amount of Analyst CoverageHarmonic has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.59% of the float of Harmonic has been sold short.Short Interest Ratio / Days to CoverHarmonic has a short interest ratio ("days to cover") of 6.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldHarmonic does not currently pay a dividend.Dividend GrowthHarmonic does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HLIT. Previous Next 2.7 News and Social Media Coverage News SentimentHarmonic has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Harmonic this week, compared to 5 articles on an average week.Search InterestOnly 10 people have searched for HLIT on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Harmonic to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Harmonic insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.50% of the stock of Harmonic is held by insiders.Percentage Held by Institutions97.72% of the stock of Harmonic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Harmonic are expected to grow by 56.25% in the coming year, from $0.48 to $0.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Harmonic is 55.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.08.Price to Earnings Ratio vs. SectorThe P/E ratio of Harmonic is 55.10, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 293.17.Price to Book Value per Share RatioHarmonic has a P/B Ratio of 5.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Harmonic (NASDAQ:HLIT) StockHarmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Cable Access segment offers solutions to cable operators. The company was founded in June 1988 and is headquartered in San Jose, CA.Read More Receive HLIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter. Email Address HLIT Stock News HeadlinesMay 25, 2023 | finance.yahoo.comHarmonic to Participate in the Jefferies Software Conference and the Rosenblatt 3rd Annual Technology SummitMay 24, 2023 | msn.comHarmonic Launches New Hardened Switch for 10G Fiber DeploymentsMay 27, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...May 24, 2023 | finance.yahoo.comHarmonic Expands Fiber Broadband Portfolio with New Hardened Switch for 10G Fiber DeploymentsMay 22, 2023 | seekingalpha.comHarmonic appoints CFOMay 22, 2023 | finance.yahoo.comHarmonic Appoints Walter Jankovic as Chief Financial OfficerMay 22, 2023 | finance.yahoo.comMelita Selects Harmonic's Broadband Solution for Sustainable Multi-Gigabit ServicesMay 21, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Earns Hold Rating from Analysts at StockNews.comMay 27, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...May 19, 2023 | markets.businessinsider.comNeedham Keeps Their Buy Rating on Harmonic (HLIT)May 19, 2023 | markets.businessinsider.com8 Analysts Have This to Say About HarmonicMay 19, 2023 | finance.yahoo.comHarmonic Showcases Innovations for Broadband Network Convergence and Sustainability at ANGA COM 2023May 19, 2023 | americanbankingnews.comBrokerages Set Harmonic Inc. (NASDAQ:HLIT) Price Target at $20.17May 12, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Hits New 12-Month High After Analyst UpgradeMay 11, 2023 | americanbankingnews.comGlobal Technologies (OTCMKTS:GTLL) vs. Harmonic (NASDAQ:HLIT) Financial ReviewMay 11, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Price Target Raised to $23.00May 11, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Shares Gap Up on Analyst UpgradeMay 10, 2023 | msn.comWhy Harmonic Stock Arced 18% Higher TodayMay 10, 2023 | finance.yahoo.comHarmonic to Participate in the 18th Annual Needham Technology & Media ConferenceMay 10, 2023 | finanznachrichten.deHarmonic Inc.: Harmonic Announces First Quarter 2023 ResultsMay 10, 2023 | msn.comRosenblatt Maintains Harmonic (HLIT) Buy RecommendationMay 10, 2023 | msn.comNeedham Reiterates Harmonic (HLIT) Buy RecommendationMay 9, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Updates FY23 Earnings GuidanceMay 8, 2023 | finance.yahoo.comHarmonic Announces First Quarter 2023 ResultsMay 8, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Harmonic (NASDAQ:HLIT) Presents An OpportunityMay 2, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) vs. Global Technologies (OTCMKTS:GTLL) Critical ContrastMay 1, 2023 | americanbankingnews.comHarmonic (HLIT) Set to Announce Quarterly Earnings on MondaySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HLIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter. Email Address HLIT Company Calendar Last Earnings10/31/2021Today5/27/2023Next Earnings (Estimated)8/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Radio & t.v. communications equipment Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNASDAQ:HLIT CUSIP41316010 CIK851310 Webwww.harmonicinc.com Phone(408) 542-2500Fax408-542-2511Employees1,340Year FoundedN/APrice Target and Rating Average Stock Price Forecast$20.17 High Stock Price Forecast$23.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+18.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.31 Trailing P/E Ratio55.10 Forward P/E Ratio35.58 P/E GrowthN/ANet Income$28.18 million Net Margins5.48% Pretax Margin8.42% Return on Equity13.52% Return on Assets6.05% Debt Debt-to-Equity Ratio0.03 Current Ratio1.11 Quick Ratio0.67 Sales & Book Value Annual Sales$635.17 million Price / Sales2.99 Cash Flow$0.50 per share Price / Cash Flow34.49 Book Value$3.02 per share Price / Book5.66Miscellaneous Outstanding Shares111,355,000Free Float107,458,000Market Cap$1.90 billion OptionableOptionable Beta0.94 Social Links Key ExecutivesPatrick J. HarshmanPresident, Chief Executive Officer & DirectorJean-Marc GuiotSenior VP-Operations & Information TechnologyWalter F. JankovicChief Financial & Accounting OfficerNeven HaltmayerSVP-Research & Development, Video BusinessNimrod Ben-NatanSenior VP & General Manager-Cable Access BusinessKey CompetitorsViasatNASDAQ:VSATPlanet Labs PBCNYSE:PLCommScopeNASDAQ:COMMMaxar TechnologiesNYSE:MAXRMillicom International CellularNASDAQ:TIGOView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 1,612 shares on 5/26/2023Ownership: 0.012%Ameriprise Financial Inc.Bought 31,740 shares on 5/22/2023Ownership: 0.472%JPMorgan Chase & Co.Bought 99,048 shares on 5/18/2023Ownership: 0.310%New York State Common Retirement FundSold 20,204 shares on 5/18/2023Ownership: 0.043%Thrivent Financial for LutheransBought 733 shares on 5/17/2023Ownership: 0.098%View All Insider TransactionsView All Institutional Transactions HLIT Stock - 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 6 buy ratings 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 forecast for 2023? 6 Wall Street analysts have issued twelve-month price targets for Harmonic's stock. Their HLIT share price forecasts range from $17.00 to $23.00. On average, they expect the company's share price to reach $20.17 in the next year. This suggests a possible upside of 18.1% 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 shares have increased by 30.4% and is now trading at $17.08. View the best growth stocks for 2023 here. When is Harmonic's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023. View our HLIT earnings forecast. How were Harmonic's earnings last quarter? Harmonic Inc. (NASDAQ:HLIT) released its quarterly earnings data on Sunday, October, 31st. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. The communications equipment provider had revenue of $126.32 million for the quarter, compared to the consensus estimate of $118.62 million. Harmonic had a trailing twelve-month return on equity of 13.52% and a net margin of 5.48%. The business's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. What ETFs hold Harmonic's stock? ETFs with the largest weight of Harmonic (NASDAQ:HLIT) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Invesco Dynamic Networking ETF (PXQ), Invesco S&P SmallCap Information Technology ETF (PSCT), Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Syntax Stratified SmallCap ETF (SSLY) and Invesco DWA SmallCap Momentum ETF (DWAS). What guidance has Harmonic issued on next quarter's earnings? Harmonic updated its second quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of $0.11-$0.15 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $161.00 million-$171.00 million, compared to the consensus revenue estimate of $172.78 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). What is Harmonic's stock symbol? Harmonic trades on the NASDAQ under the ticker symbol "HLIT." Who are Harmonic's major shareholders? Harmonic's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.99%), Trigran Investments Inc. (7.60%), Wellington Management Group LLP (7.01%), Scopia Capital Management LP (5.34%), Dimensional Fund Advisors LP (3.51%) and Hood River Capital Management LLC (3.22%). Insiders that own company stock include David Krall, 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. What is Harmonic's stock price today? One share of HLIT stock can currently be purchased for approximately $17.08. How much money does Harmonic make? Harmonic (NASDAQ:HLIT) has a market capitalization of $1.90 billion and generates $635.17 million in revenue each year. The communications equipment provider earns $28.18 million in net income (profit) each year or $0.31 on an earnings per share basis. How many employees does Harmonic have? The company employs 1,340 workers across the globe. How can I contact Harmonic? 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. This page (NASDAQ:HLIT) was last updated on 5/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Harmonic Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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