NASDAQ:HLIT - Harmonic Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $5.35 -0.14 (-2.55 %) (As of 02/20/2019 03:54 AM ET)Previous Close$5.49Today's Range$5.32 - $5.4652-Week Range$2.90 - $6.32Volume428,900 shsAverage Volume445,388 shsMarket Capitalization$463.83 millionP/E Ratio178.33Dividend YieldN/ABeta0.85 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 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. Receive HLIT News and Ratings via Email Sign-up to receive the latest news and ratings for HLIT and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Radio & t.v. communications equipment Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNASDAQ:HLIT Previous Symbol CUSIP41316010 Webwww.harmonicinc.com Phone408-542-2500Debt Debt-to-Equity Ratio0.56 Current Ratio1.44 Quick Ratio1.25Price-To-Earnings Trailing P/E Ratio178.33 Forward P/E Ratio-107.00 P/E GrowthN/A Sales & Book Value Annual Sales$403.56 million Price / Sales1.15 Cash Flow$0.3504 per share Price / Cash Flow15.27 Book Value$2.63 per share Price / Book2.03Profitability EPS (Most Recent Fiscal Year)$0.03 Net Income$-21,030,000.00 Net Margins-5.21% Return on Equity-0.08% Return on Assets-0.03%Miscellaneous Employees1,244 Outstanding Shares86,698,000Market Cap$463.83 million 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) issued its earnings results on Monday, February, 4th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.06. The communications equipment provider had revenue of $113.60 million for the quarter, compared to analysts' expectations of $113.13 million. Harmonic had a negative net margin of 5.21% and a negative return on equity of 0.08%. The company's quarterly revenue was up 12.4% compared to the same quarter last year. View Harmonic's Earnings History. When is Harmonic's next earnings date? Harmonic is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Harmonic. What guidance has Harmonic issued on next quarter's earnings? Harmonic issued an update on its FY 2019 earnings guidance on Monday, February, 4th. The company provided earnings per share guidance of $-0.54-0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $390-440 million, compared to the consensus revenue estimate of $450.08 million.Harmonic also updated its Q1 2019 guidance to $-0.2--0.09 EPS. What price target have analysts set for HLIT? 4 Wall Street analysts have issued twelve-month price objectives for Harmonic's stock. Their forecasts range from $7.00 to $8.25. On average, they expect Harmonic's share price to reach $7.4167 in the next twelve months. This suggests a possible upside of 38.6% 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic. Has Harmonic been receiving favorable news coverage? Media coverage about HLIT stock has been trending positive this week, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harmonic earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned media coverage about the communications equipment provider a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near term. Who are some of Harmonic's key competitors? Some companies that are related to Harmonic include Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), CalAmp (CAMP), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), Ceragon Networks (CRNT), Maxar Technologies (MAXR), Energous (WATT), KVH Industries (KVHI), Airgain (AIRG), Pointer Telocation (PNTR), Vuzix (VUZI) and PC Tel (PCTI). 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 shareholders include BlackRock Inc. (14.44%), Dimensional Fund Advisors LP (7.38%), Royce & Associates LP (1.57%), Bank of New York Mellon Corp (1.18%), Geode Capital Management LLC (1.15%) and Millennium Management LLC (0.54%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nimrod Ben-Natan, 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 Cowen Prime Services LLC, Royce & Associates LP, Bank of America Corp DE, Millennium Management LLC, Algert Global LLC, Two Sigma Investments LP, Barclays PLC and Dimensional Fund Advisors LP. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer, Patrick Harshman, Sanjay Kalra and Susan Swenson. View Insider Buying and Selling for Harmonic. Which major investors are buying Harmonic stock? HLIT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Advisors LLC, Oregon Public Employees Retirement Fund, Geode Capital Management LLC, Marathon Capital Management, GSA Capital Partners LLP, Bank of New York Mellon Corp and Rhumbline Advisers. 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 $5.35. How big of a company is Harmonic? Harmonic has a market capitalization of $463.83 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 1,244 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 ( )Outperform Votes: 193 (Vote Outperform)Underperform Votes: 296 (Vote Underperform)Total Votes: 489MarketBeat'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 2/20/2019 by MarketBeat.com StaffFeatured Article: What is the Coverage Ratio?