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.
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Industry, Sector and Symbol
Industry N/A
Sub-IndustryCommunications Equipment
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees1,162
Next Earnings Date5/4/2020 (Estimated)
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) released its quarterly earnings data on Monday, February, 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The communications equipment provider earned $122.18 million during the quarter, compared to analyst estimates of $113.07 million. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. View Harmonic's Earnings History.
When is Harmonic's next earnings date?
What guidance has Harmonic issued on next quarter's earnings?
Harmonic updated its FY20 earnings guidance on Monday, February, 3rd. The company provided earnings per share (EPS) guidance of $0.00-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $390-430 million, compared to the consensus revenue estimate of $438.82 million.
What price target have analysts set for HLIT?
4 brokers have issued 1 year price objectives for Harmonic's shares. Their forecasts range from $9.00 to $10.00. On average, they anticipate Harmonic's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 40.3% 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 headlines about HLIT stock have been trending neutral recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Harmonic earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave media stories about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Harmonic.
Are investors shorting Harmonic?
Harmonic saw a increase in short interest in January. As of January 31st, there was short interest totalling 6,970,000 shares, an increase of 5.3% from the January 15th total of 6,620,000 shares. Based on an average trading volume of 676,500 shares, the days-to-cover ratio is currently 10.3 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?
Some companies that are related to Harmonic include Finisar (FNSR), Aviat Networks (AVNW), Aware (AWRE), ADTRAN (ADTN), Bel Fuse (BELFB), CalAmp (CAMP), Calix (CALX), Ciena (CIEN), Cisco Systems (CSCO), Comtech Telecomm. (CMTL), Digi International (DGII), Echostar (SATS), Extreme Networks (EXTR), F5 Networks (FFIV) and Infinera (INFN).
What other stocks do shareholders of Harmonic own?
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 State Street Corp (2.79%), Divisar Capital Management LLC (2.25%), Bank of New York Mellon Corp (1.22%), Cooper Creek Partners Management LLC (0.82%), Principal Financial Group Inc. (0.79%) and Game Plan Financial Advisors LLC (0.62%). Company insiders that own Harmonic stock include Floyd E Kvamme, Neven Haltmayer, Nimrod Ben-Natan, 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 Divisar Capital Management LLC, Renaissance Technologies LLC, Jacobs Levy Equity Management Inc., Oxford Asset Management LLP, New York State Common Retirement Fund, Arizona State Retirement System, Stifel Financial Corp and Millrace Asset Group Inc.. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer, Nimrod Ben-Natan, 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 Game Plan Financial Advisors LLC, Knights of Columbus Asset Advisors LLC, Cooper Creek Partners Management LLC, Rice Hall James & Associates LLC, SG Americas Securities LLC, Great West Life Assurance Co. Can, Ancora Advisors LLC and Advisory Research Inc.. 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 $6.77.
MarketBeat Community Rating for Harmonic (NASDAQ HLIT)
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.
