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

$7.85
-0.05 (-0.63 %)
(As of 11/18/2019 04:00 PM ET)
Today's Range
$7.74
Now: $7.85
$7.89
50-Day Range
$6.01
MA: $6.89
$8.28
52-Week Range
$4.48
Now: $7.85
$8.37
Volume985,100 shs
Average Volume629,400 shs
Market Capitalization$709.19 million
P/E Ratio261.67
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. Read More…

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$0.35 per share
Book Value$2.67 per share

Profitability

Net Income$-21,030,000.00

Miscellaneous

Employees1,162
Market Cap$709.19 million
Next Earnings Date2/3/2020 (Estimated)
OptionableOptionable

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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 results on Monday, October, 29th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.03. The communications equipment provider had revenue of $101.40 million for the quarter, compared to analysts' expectations of $99.46 million. Harmonic had a negative net margin of 2.07% and a positive return on equity of 6.36%. Harmonic's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) 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, February 3rd 2020. View Earnings Estimates for Harmonic.

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

Harmonic updated its fourth quarter earnings guidance on Monday, October, 28th. The company provided EPS guidance of $0.03-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $108-118 million, compared to the consensus revenue estimate of $105.76 million.

What price target have analysts set for HLIT?

4 analysts have issued 1-year target prices for Harmonic's stock. Their forecasts range from $9.00 to $10.00. On average, they expect Harmonic's share price to reach $9.50 in the next year. This suggests a possible upside of 21.0% 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.

What are Wall Street analysts saying about Harmonic stock?

Here are some recent quotes from research analysts about Harmonic stock:
  • 1. According to Zacks Investment Research, "Harmonic Inc. enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally.The company has also revolutionized cable access networking via the industry's first virtualized CCAP solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software-as-a-service (SaaS) technologies, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and VOD content on every screen. " (11/7/2019)
  • 2. Northland Securities analysts commented, "We believe associated hardware/node revenue could add substantially to this amount, and increase our PT to $8.50 given this validation of HLIT’s leadership in next gen cable access. Key Points Historically we have used a rule of thumb metric for Cable Access deployments of roughly 2X low margin Remote PHY node revenue to 1X high margin network core/software revenue. Applying this to the roughly $40M in annual software license revenue from Comcast specified in the filing for the 2020-2022 time period, with $50M to be recognized in CY19 yields a total annual revenue contribution from $120M range, about in line with the $100M estimated going back to the original 2016 agreement . The agreement also included the issuance of 7.8M in warrants to $4.76 strike, all of which are deemed to be vested currently according to the filing." (7/10/2019)

Has Harmonic been receiving favorable news coverage?

Media coverage about HLIT stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harmonic earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Harmonic.

Are investors shorting Harmonic?

Harmonic saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 6,870,000 shares, a decrease of 12.6% from the September 30th total of 7,860,000 shares. Based on an average trading volume of 702,300 shares, the days-to-cover ratio is currently 9.8 days. Currently, 8.0% of the company's shares are sold short. View Harmonic's Current Options Chain.

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), Advanced Micro Devices (AMD), Fossil Group (FOSL), Zynga (ZNGA), Bank of America (BAC), First Data (FDC), Transocean (RIG), Cypress Semiconductor (CY), AMC Entertainment (AMC) and China Unicom (Hong Kong) (CHU).

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 a number of of retail and institutional investors. Top institutional investors include Systematic Financial Management LP (1.14%), Boston Advisors LLC (0.52%), State of New Jersey Common Pension Fund D (0.33%), Rhumbline Advisers (0.32%), New York State Teachers Retirement System (0.29%) and Comerica Bank (0.09%). Company insiders that own Harmonic stock include Floyd E Kvamme, Neven Haltmayer, Patrick Harshman, Sanjay Kalra, Susan Swenson 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 SG Americas Securities LLC, Tower Research Capital LLC TRC and New York State Teachers Retirement System. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer and Susan Swenson. View Insider Buying and Selling for Harmonic.

Which institutional investors are buying Harmonic stock?

HLIT stock was purchased by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, State of New Jersey Common Pension Fund D, Boston Advisors LLC, State of Alaska Department of Revenue, Brinker Capital Inc., State of Tennessee Treasury Department, Rhumbline Advisers and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $7.85.

How big of a company is Harmonic?

Harmonic has a market capitalization of $709.19 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.View Additional Information About Harmonic.

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:  2.1 out of 5 (star star)
Outperform Votes:  252 (Vote Outperform)
Underperform Votes:  343 (Vote Underperform)
Total Votes:  595
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 11/18/2019 by MarketBeat.com Staff

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