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NASDAQ:HLIT

Harmonic - HLIT Stock Forecast, Price & News

$11.54
+0.47 (+4.25%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.11
$11.90
50-Day Range
$9.29
$11.97
52-Week Range
$8.25
$12.22
Volume
1.98 million shs
Average Volume
773,548 shs
Market Capitalization
$1.21 billion
P/E Ratio
36.06
Dividend Yield
N/A
Price Target
$15.50

Harmonic MarketRank™ Forecast

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
34.3% Upside
$15.50 Price Target
Short Interest
Bearish
8.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.73mentions of Harmonic in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$2.95 M Sold Last Quarter
Proj. Earnings Growth
77.78%
From $0.27 to $0.48 Per Share

Overall MarketRank

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

2.58 out of 5 stars

Computer And Technology Sector

192nd out of 629 stocks

Radio & T.V. Communications Equipment Industry

5th out of 24 stocks

HLIT stock logo

About Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, 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 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 Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable 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. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.

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HLIT Stock News Headlines

Harmonic Inc. (NASDAQ:HLIT) CEO Sells $1,800,000.00 in Stock
Harmonic (NASDAQ:HLIT) Stock Price Up 5% After Analyst Upgrade
See More Headlines
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HLIT Company Calendar

Last Earnings
8/01/2022
Today
9/26/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,267
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.50
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+34.3%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$13.25 million
Pretax Margin
5.80%

Debt

Sales & Book Value

Annual Sales
$507.15 million
Cash Flow
$0.34 per share
Book Value
$2.88 per share

Miscellaneous

Free Float
100,832,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Dr. Patrick J. HarshmanDr. Patrick J. Harshman (Age 57)
    Pres, CEO & Director
    Comp: $1.56M
  • Mr. Sanjay KalraMr. Sanjay Kalra (Age 49)
    Sr. VP & CFO
    Comp: $810.62k
  • Mr. Ian Graham (Age 61)
    Sr. VP of Global Sales & Video Services
    Comp: $892.62k
  • Mr. Neven HaltmayerMr. Neven Haltmayer (Age 57)
    Sr. VP of R&D - Video Bus.
    Comp: $673.37k
  • Mr. Nimrod Ben-NatanMr. Nimrod Ben-Natan (Age 54)
    Sr. VP & GM of Cable Access Bus.
    Comp: $762.45k
  • Mr. Jean-Marc Guiot
    Sr. VP of Operations & IT
  • Mr. Michael Smiley
    Fin. & Investor Relations Mang.
  • Mr. Timothy C. Chu (Age 49)
    Gen. Counsel, Sr. VP of HR & Corp. Sec.
  • Ms. Crystele Trevisan-Jallu
    Sr. VP of Corp. Marketing & Communications
  • Mr. Shahar Bar
    Sr. VP of Video Products & Corp. Devel.













HLIT Stock - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

6 Wall Street equities 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 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 forecast for 2022?

6 equities research analysts have issued twelve-month target prices for Harmonic's stock. Their HLIT share price forecasts range from $13.00 to $17.00. On average, they expect the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 33.4% 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 2022?

Harmonic's stock was trading at $11.76 at the beginning of 2022. Since then, HLIT stock has decreased by 1.2% and is now trading at $11.62.
View the best growth stocks for 2022 here
.

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) released its quarterly earnings results on Monday, August, 1st. The communications equipment provider reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.07. The communications equipment provider had revenue of $157.45 million for the quarter, compared to analyst estimates of $150.08 million. Harmonic had a net margin of 5.91% and a trailing twelve-month return on equity of 10.46%. Harmonic's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS.

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

Harmonic issued an update on its third quarter 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share guidance of $0.08-$0.12 for the period, compared to the consensus EPS estimate of $0.10. The company issued revenue guidance of $147.00 million-$157.00 million, compared to the consensus revenue estimate of $151.63 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 a variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (16.70%), Trigran Investments Inc. (5.79%), State Street Corp (3.08%), Victory Capital Management Inc. (1.99%), Millennium Management LLC (1.76%) and Leeward Investments LLC MA (1.43%). 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 $11.62.

How much money does Harmonic make?

Harmonic (NASDAQ:HLIT) has a market capitalization of $1.21 billion and generates $507.15 million in revenue each year. The communications equipment provider earns $13.25 million in net income (profit) each year or $0.32 on an earnings per share basis.

How many employees does Harmonic have?

The company employs 1,267 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 9/26/2022 by MarketBeat.com Staff

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