Harmonic Company Profile (NASDAQ:HLIT)

About Harmonic (NASDAQ:HLIT)

Harmonic logoHarmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. Its Cable Edge business sells cable edge solutions and related services to cable operators around the world. The Video segment offers a range of products and solutions, as well as software-based media processing platforms. The Company's Narrowcast Services Gateway (NSG) products are integrated edge gateway products that integrate routing, multiplexing, scrambling and modulation into a single package for the delivery of narrowcast services to subscribers over cable networks.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Communications & Networking - NEC
  • Sub-Industry: Communications Equipment
  • Symbol: NASDAQ:HLIT
  • CUSIP: 41316010
  • Web: www.harmonicinc.com
Capitalization:
  • Market Cap: $284.45 million
  • Outstanding Shares: 81,272,000
Average Prices:
  • 50 Day Moving Avg: $4.33
  • 200 Day Moving Avg: $5.20
  • 52 Week Range: $3.30 - $6.18
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -14.78
  • P/E Growth: -0.24
Sales & Book Value:
  • Annual Revenue: $379.77 million
  • Price / Sales: 0.73
  • Book Value: $2.82 per share
  • Price / Book: 1.21
Profitability:
  • EBIDTA: ($18,460,000.00)
  • Net Margins: -21.58%
  • Return on Equity: -13.22%
  • Return on Assets: -6.31%
Debt:
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 1.19%
  • Quick Ratio: 0.95%
Misc:
  • Average Volume: 636,486 shs.
  • Beta: 0.93
  • Short Ratio: 22.9
 

Frequently Asked Questions for Harmonic (NASDAQ:HLIT)

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) posted its quarterly earnings data on Monday, July, 31st. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.02. The firm had revenue of $82.30 million for the quarter, compared to analyst estimates of $80.88 million. Harmonic had a negative net margin of 21.58% and a negative return on equity of 13.22%. Harmonic's revenue for the quarter was down 24.9% on a year-over-year basis. View Harmonic's Earnings History.

When will Harmonic make its next earnings announcement?

Harmonic is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Harmonic.

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

Harmonic updated its third quarter earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of (0.03)-(0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of 80-90 million, compared to the consensus revenue estimate of $92.83 million.Harmonic also updated its FY17 guidance to (0.50)-(0.33) EPS.

Where is Harmonic's stock going? Where will Harmonic's stock price be in 2017?

3 brokers have issued 12 month price targets for Harmonic's shares. Their forecasts range from $4.00 to $7.00. On average, they anticipate Harmonic's stock price to reach $5.67 in the next year. View Analyst Ratings for Harmonic.

Who are some of Harmonic's key competitors?

Who are Harmonic's key executives?

Harmonic's management team includes the folowing people:

  • Patrick T. Gallagher, Independent Chairman of the Board
  • Patrick J. Harshman, President, Chief Executive Officer, Director
  • Sanjay Kalra, Chief Financial Officer, Principal Financial and Accounting Officer
  • Nimrod Ben-Natan, Senior Vice President, General Manager, Cable Products
  • Bart Spriester, Senior Vice President, Video Products
  • Tom Lookabaugh Ph.D., Director
  • E. Floyd Kvamme, Independent Director
  • Mitzi Reaugh, Independent Director
  • William F. Reddersen, Independent Director
  • Susan G. Swenson, Independent Director

Who owns Harmonic stock?

Harmonic's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.22%), Vanguard Group Inc. (7.19%), Epoch Investment Partners Inc. (6.21%), Pinnacle Associates Ltd. (5.02%), State Street Corp (2.41%) and Wells Fargo & Company MN (2.04%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nikos Theodosopoulos, Nimrod Ben-Natan, Patrick Gallagher, Patrick Harshman and William F Reddersen. View Institutional Ownership Trends for Harmonic.

Who sold Harmonic stock? Who is selling Harmonic stock?

Harmonic's stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Systematic Financial Management LP, Arrowstreet Capital Limited Partnership, Pinnacle Associates Ltd., Intrinsic Edge Capital Management LLC, California Public Employees Retirement System, Goldman Sachs Group Inc. and JPMorgan Chase & Co.. Company insiders that have sold Harmonic stock in the last year include Bart Spriester, Harold L Covert, Neven Haltmayer, Nimrod Ben-Natan and Patrick Harshman. View Insider Buying and Selling for Harmonic.

Who bought Harmonic stock? Who is buying Harmonic stock?

Harmonic's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., State Street Corp, Dimensional Fund Advisors LP, Epoch Investment Partners Inc., Northern Trust Corp, Royce & Associates LP, Bank of New York Mellon Corp and Sei Investments Co.. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme, Nikos Theodosopoulos, Patrick Gallagher, Patrick Harshman and William F Reddersen. View Insider Buying and Selling for Harmonic.

How do I buy Harmonic stock?

Shares of Harmonic can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Harmonic's stock price today?

One share of Harmonic stock can currently be purchased for approximately $3.40.


MarketBeat Community Rating for Harmonic (NASDAQ HLIT)
Community Ranking:  1.2 out of 5 ()
Outperform Votes:  54 (Vote Outperform)
Underperform Votes:  171 (Vote Underperform)
Total Votes:  225
MarketBeat's community ratings are surveys of what our community members think about Harmonic and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Harmonic (NASDAQ:HLIT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $5.67 (66.67% upside)

Analysts' Ratings History for Harmonic (NASDAQ:HLIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/1/2017Jefferies Group LLCReiterated RatingHold$3.50 -> $4.00LowView Rating Details
3/14/2017Drexel HamiltonDowngradeBuy -> HoldHighView Rating Details
12/6/2016Dougherty & CoInitiated CoverageBuy$7.00N/AView Rating Details
1/13/2016Northland SecuritiesInitiated CoverageOutperform$5.00N/AView Rating Details
9/10/2015SidotiUpgradeNeutral -> BuyN/AView Rating Details
(Data available from 8/18/2015 forward)

Earnings

Earnings History for Harmonic (NASDAQ:HLIT)
Earnings by Quarter for Harmonic (NASDAQ:HLIT)
Earnings History by Quarter for Harmonic (NASDAQ HLIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/8/2017        
7/31/2017Q2 2017($0.24)($0.22)$80.88 million$82.30 millionViewN/AView Earnings Details
5/1/2017Q1 2017($0.05)($0.14)$92.62 million$82.90 millionViewListenView Earnings Details
2/28/2017Q416$0.06$0.08$108.10 million$113.10 millionViewListenView Earnings Details
11/9/2016Q316$0.03($0.01)$107.24 million$101.40 millionViewListenView Earnings Details
5/10/2016Q116($0.03)($0.11)$83.98 million$82.50 millionViewListenView Earnings Details
2/16/2016Q4($0.01)$0.01$83.92 million$86.60 millionViewListenView Earnings Details
7/27/2015Q215$0.04$0.05$103.63 million$103.10 millionViewListenView Earnings Details
4/28/2015Q115$0.04$0.05$239.22 million$104.00 millionViewListenView Earnings Details
1/29/2015Q414$0.03$0.06$102.57 million$107.90 millionViewListenView Earnings Details
10/28/2014Q314$0.04$0.06$108.90 million$108.10 millionViewListenView Earnings Details
7/28/2014Q214$0.02$0.02$115.23 million$109.60 millionViewN/AView Earnings Details
4/22/2014Q1($0.01)$0.03$111.72 million$108.00 millionViewListenView Earnings Details
1/28/2014Q413$0.07$0.08$121.14 million$120.20 millionViewListenView Earnings Details
10/28/2013Q313$0.05$0.07$119.24 million$122.92 millionViewListenView Earnings Details
7/23/2013Q2 2013$0.02$0.05$109.28 million$117.10 millionViewListenView Earnings Details
4/23/2013Q1 2013$0.01($0.02)$118.29 million$101.70 millionViewListenView Earnings Details
1/29/2013Q4 2012$0.08$0.09$137.54 million$133.42 millionViewListenView Earnings Details
10/23/2012$0.07$0.07ViewN/AView Earnings Details
7/24/2012$0.07$0.06ViewN/AView Earnings Details
1/31/2012$0.12$0.12ViewN/AView Earnings Details
10/27/2011$0.10$0.11ViewN/AView Earnings Details
7/21/2011$0.11$0.09ViewN/AView Earnings Details
4/28/2011$0.09$0.09ViewN/AView Earnings Details
2/3/2011$0.09$0.11ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Harmonic (NASDAQ:HLIT)
2017 EPS Consensus Estimate: $0.09
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.02)($0.02)($0.02)
Q2 20171$0.01$0.01$0.01
Q3 20171$0.01$0.01$0.01
Q4 20171$0.09$0.09$0.09
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Harmonic (NASDAQ:HLIT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Harmonic (NASDAQ:HLIT)
Insider Ownership Percentage: 4.27%
Institutional Ownership Percentage: 97.27%
Insider Trades by Quarter for Harmonic (NASDAQ:HLIT)
Institutional Ownership by Quarter for Harmonic (NASDAQ:HLIT)
Insider Trades by Quarter for Harmonic (NASDAQ:HLIT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/16/2017Bart SpriesterSVPSell2,739$3.47$9,504.33View SEC Filing  
8/16/2017Patrick HarshmanInsiderSell7,979$3.47$27,687.13View SEC Filing  
5/17/2017Harold L CovertCFOSell1,679$5.00$8,395.00View SEC Filing  
5/11/2017Harold L. CovertCFOSell13,172$5.14$67,704.08View SEC Filing  
3/9/2017Neven HaltmayerInsiderSell28,000$5.91$165,480.00View SEC Filing  
3/9/2017Nimrod Ben-NatanSVPSell19,000$5.90$112,100.00View SEC Filing  
3/3/2017Harold L CovertCFOSell136,709$5.72$781,975.48View SEC Filing  
3/2/2017Bart SpriesterSVPSell15,522$5.85$90,803.70View SEC Filing  
11/15/2016Nikos TheodosopoulosDirectorBuy25,000$4.75$118,750.00View SEC Filing  
3/7/2016Patrick GallagherDirectorBuy5,000$3.24$16,200.00View SEC Filing  
2/18/2016Floyd E KvammeDirectorBuy25,000$3.25$81,250.00View SEC Filing  
12/15/2015Patrick HarshmanCEOBuy10,000$4.29$42,900.00View SEC Filing  
12/11/2015Patrick HarshmanCEOBuy10,000$4.32$43,200.00View SEC Filing  
12/11/2015William F ReddersenDirectorBuy1,828$4.30$7,860.40View SEC Filing  
2/18/2015Nimrod Ben-NatanSVPSell26,250$7.86$206,325.00View SEC Filing  
2/17/2015Patrick GallagherDirectorSell9,717$7.88$76,569.96View SEC Filing  
2/10/2015Carolyn V AverCFOSell48,512$7.75$375,968.00View SEC Filing  
2/10/2015William F ReddersenDirectorSell8,319$7.70$64,056.30View SEC Filing  
2/4/2015Charles BonaseraSVPSell15,662$7.78$121,850.36View SEC Filing  
2/4/2015Neven HaltmayerVPSell156,000$7.68$1,198,080.00View SEC Filing  
2/3/2015Charles BonaseraSVPSell30,197$7.74$233,724.78View SEC Filing  
2/3/2015Neven HaltmayerVPSell30,000$7.74$232,200.00View SEC Filing  
2/2/2015Neven HaltmayerVPSell116,000$7.66$888,560.00View SEC Filing  
12/12/2014Carolyn V AverCFOSell50,000$6.97$348,500.00View SEC Filing  
12/9/2014Harold L CovertDirectorSell35,000$7.00$245,000.00View SEC Filing  
8/1/2014Patrick HarshmanCEOBuy10,000$5.97$59,700.00View SEC Filing  
7/30/2014George StromeyerSVPBuy10,000$5.98$59,800.00View SEC Filing  
6/12/2014Neven HaltmayerVPSell25,750$7.55$194,412.50View SEC Filing  
6/10/2014Charles BonaseraSVPSell14,413$7.68$110,691.84View SEC Filing  
4/24/2014William ReddersenDirectorSell18,662$7.24$135,112.88View SEC Filing  
8/16/2013Charles BonaseraVPSell7,336$7.70$56,487.20View SEC Filing  
8/2/2013Charles BonaseraVPSell12,664$7.81$98,905.84View SEC Filing  
7/25/2013Charles BonaseraVPSell20,000$7.60$152,000.00View SEC Filing  
7/25/2013William F ReddersenDirectorBuy2,070$7.66$15,856.20View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Harmonic (NASDAQ:HLIT)
Latest Headlines for Harmonic (NASDAQ:HLIT)
Source:
DateHeadline
americanbankingnews.com logoInsider Selling: Harmonic Inc. (HLIT) Insider Sells 7,979 Shares of Stock
www.americanbankingnews.com - August 17 at 8:52 PM
finance.yahoo.com logoAs OTT Delivery Heats Up, Harmonic Brings Technology Innovations to IBC2017
finance.yahoo.com - August 16 at 7:29 PM
americanbankingnews.com logo Analysts Expect Harmonic Inc. (HLIT) Will Post Earnings of -$0.13 Per Share
www.americanbankingnews.com - August 15 at 12:38 PM
americanbankingnews.com logoHarmonic Inc. (HLIT) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 13 at 4:38 AM
americanbankingnews.com logoHarmonic Inc. (HLIT) Rating Lowered to D+ at TheStreet
www.americanbankingnews.com - August 11 at 3:24 PM
finance.yahoo.com logoChinese Television System to Deliver Live HD and UHD Sports Coverage of the Summer Universiade With Harmonic
finance.yahoo.com - August 9 at 7:41 PM
americanbankingnews.com logoHarmonic Inc. (NASDAQ:HLIT) Rating Lowered to Sell at ValuEngine
www.americanbankingnews.com - August 6 at 10:40 AM
americanbankingnews.com logoGilat Satellite Networks (GILT) versus Harmonic (HLIT) Critical Survey
www.americanbankingnews.com - August 3 at 7:26 AM
finance.yahoo.com logoEdited Transcript of HLIT earnings conference call or presentation 31-Jul-17 9:00pm GMT
finance.yahoo.com - August 1 at 8:05 PM
rttnews.com logoEARNINGS SUMMARY: Details of Harmonic Inc Q2 Earnings Report
www.rttnews.com - August 1 at 12:04 AM
americanbankingnews.com logoHarmonic Inc. (HLIT) Posts Earnings Results, Beats Expectations By $0.04 EPS
www.americanbankingnews.com - July 31 at 9:10 PM
finance.yahoo.com logoHarmonic Announces Second Quarter 2017 Results
finance.yahoo.com - July 31 at 6:57 PM
finance.yahoo.com logoHarmonic reports 2Q loss
finance.yahoo.com - July 31 at 6:57 PM
americanbankingnews.com logoHarmonic Inc. (NASDAQ:HLIT) Releases Q3 Earnings Guidance
www.americanbankingnews.com - July 31 at 6:06 PM
americanbankingnews.com logoHarmonic Inc. (HLIT) Issues FY17 Earnings Guidance
www.americanbankingnews.com - July 31 at 6:06 PM
americanbankingnews.com logo Analysts Expect Harmonic Inc. (HLIT) Will Announce Quarterly Sales of $80.88 Million
www.americanbankingnews.com - July 30 at 7:45 AM
americanbankingnews.com logoHarmonic Inc. (HLIT) Set to Announce Quarterly Earnings on Monday
www.americanbankingnews.com - July 27 at 11:51 AM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : July 24, 2017
finance.yahoo.com - July 24 at 10:38 PM
americanbankingnews.com logoHarmonic Inc. (HLIT) Downgraded by BidaskClub to "Sell"
www.americanbankingnews.com - July 23 at 4:58 PM
americanbankingnews.com logoHarmonic Inc. (NASDAQ:HLIT) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - July 19 at 6:46 PM
finance.yahoo.com logoIndia's Leading Digital Cable Operator Boosts Channel Count and OTT Services With Harmonic
finance.yahoo.com - July 19 at 4:46 PM
finance.yahoo.com logoAvid's Patent Infringement Claims Against Harmonic Inc. Set to Proceed to Trial
finance.yahoo.com - July 19 at 4:46 PM
streetinsider.com logoHarmonic (HLIT) Prelim. Q2 Results Fall Short of Views
www.streetinsider.com - July 15 at 5:11 AM
finance.yahoo.com logoHarmonic Announces Updated Guidance for Second Quarter 2017 Results
finance.yahoo.com - July 15 at 12:06 AM
finance.yahoo.com logoHarmonic slashes Q2 outlook
finance.yahoo.com - July 15 at 12:06 AM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : July 14, 2017
finance.yahoo.com - July 15 at 12:06 AM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bearish Manner : HLIT-US : July 11, 2017
finance.yahoo.com - July 11 at 10:52 PM
americanbankingnews.com logoHead-To-Head Analysis: Harmonic (NASDAQ:HLIT) vs. Ixia (XXIA)
www.americanbankingnews.com - July 8 at 8:14 PM
americanbankingnews.com logo$98.40 Million in Sales Expected for Harmonic Inc. (HLIT) This Quarter
www.americanbankingnews.com - July 6 at 1:48 PM
americanbankingnews.com logoHarmonic Inc. (HLIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 5 at 12:56 AM
americanbankingnews.com logo Brokerages Expect Harmonic Inc. (HLIT) to Announce -$0.06 EPS
www.americanbankingnews.com - July 4 at 11:28 AM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bearish Manner : HLIT-US : June 30, 2017
finance.yahoo.com - June 30 at 7:39 PM
finance.yahoo.com logoHarmonic, Inc. – Value Analysis (NASDAQ:HLIT) : June 22, 2017
finance.yahoo.com - June 22 at 6:35 PM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bullish Manner : HLIT-US : June 20, 2017
finance.yahoo.com - June 20 at 6:32 PM
finance.yahoo.com logoHarmonic Expands Cloud Capabilities With Advanced Media Management and Scheduling Technologies
finance.yahoo.com - June 19 at 12:38 PM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : June 14, 2017
finance.yahoo.com - June 14 at 7:23 PM
finance.yahoo.com logoAlmatel Kazakhstan Launches New HEVC DTH Service with Harmonic
finance.yahoo.com - June 13 at 8:27 AM
americanbankingnews.com logo$98.40 Million in Sales Expected for Harmonic Inc (HLIT) This Quarter
www.americanbankingnews.com - June 9 at 11:50 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Harmonic Inc (HLIT) Will Post Earnings of -$0.06 Per Share
www.americanbankingnews.com - June 8 at 12:32 AM
finance.yahoo.com logoHarmonic and EVS Ink OEM Agreement, Setting New Standard for High-Performance Nearline Storage
finance.yahoo.com - June 6 at 6:10 PM
finance.yahoo.com logoHarmonic Appoints Sanjay Kalra as Chief Financial Officer
finance.yahoo.com - June 6 at 8:52 AM
finance.yahoo.com logoHarmonic, Inc. breached its 50 day moving average in a Bullish Manner : HLIT-US : June 6, 2017
finance.yahoo.com - June 6 at 8:52 AM
americanbankingnews.com logoHarmonic (HLIT) and Sonus Networks (SONS) Financial Contrast
www.americanbankingnews.com - June 5 at 4:10 PM
finance.yahoo.com logoWhat Makes Harmonic (HLIT) a Strong Sell?
finance.yahoo.com - May 23 at 11:32 AM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : May 22, 2017
finance.yahoo.com - May 22 at 5:13 PM
americanbankingnews.com logoHarmonic Inc (HLIT) CFO Sells $67,704.08 in Stock
www.americanbankingnews.com - May 15 at 1:26 PM
americanbankingnews.com logoHarmonic Inc (HLIT) Expected to Post Earnings of -$0.06 Per Share
www.americanbankingnews.com - May 12 at 12:02 AM
finance.yahoo.com logoETFs with exposure to Harmonic, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 6:17 PM
finance.yahoo.com logoHarmonic, Inc. :HLIT-US: Earnings Analysis: Q1, 2017 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 1:28 PM
rttnews.com logoEARNINGS SUMMARY: Details of Harmonic Inc Q1 Earnings Report
www.rttnews.com - May 3 at 4:09 PM

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Harmonic (HLIT) Chart for Friday, August, 18, 2017

This page was last updated on 8/18/2017 by MarketBeat.com Staff