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
  • Sub-Industry: Communications Equipment
  • Symbol: NASDAQ:HLIT
  • CUSIP: 41316010
  • Web: www.harmonicinc.com
Capitalization:
  • Market Cap: $237.72 million
  • Outstanding Shares: 81,272,000
Average Prices:
  • 50 Day Moving Avg: $3.05
  • 200 Day Moving Avg: $4.39
  • 52 Week Range: $2.80 - $6.18
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -12.72
  • P/E Growth: -0.200
Sales & Book Value:
  • Annual Revenue: $379.77 million
  • Price / Sales: 0.63
  • Book Value: $2.82 per share
  • Price / Book: 1.04
Profitability:
  • EBITDA: ($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: 654,483 shs.
  • Beta: 0.95
  • Short Ratio: 14.54
 

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 (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.24) by $0.02. The company had revenue of $82.30 million for the quarter, compared to analysts' expectations of $80.88 million. Harmonic had a negative return on equity of 13.22% and a negative net margin of 21.58%. Harmonic's revenue 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 Monday, October, 30th 2017. View Earnings Estimates for Harmonic.

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

Harmonic issued an update on 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?

4 equities research analysts have issued 12-month price targets for Harmonic's stock. Their predictions range from $3.50 to $7.00. On average, they anticipate Harmonic's share price to reach $5.63 in the next twelve months. 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

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 $2.93.


MarketBeat Community Rating for Harmonic (NASDAQ HLIT)
Community Ranking:  1.3 out of 5 (star)
Outperform Votes:  71 (Vote Outperform)
Underperform Votes:  194 (Vote Underperform)
Total Votes:  265
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, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $5.63 (92.31% upside)
Consensus Price Target History for Harmonic (NASDAQ:HLIT)
Price Target History for Harmonic (NASDAQ:HLIT)
Analysts' Ratings History for Harmonic (NASDAQ:HLIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Northland SecuritiesSet Price TargetBuy$6.00N/AView Rating Details
9/10/2017Jefferies Group LLCReiterated RatingHold$3.50MediumView Rating Details
3/14/2017Drexel HamiltonDowngradeBuy -> HoldHighView Rating Details
12/6/2016Dougherty & CoInitiated CoverageBuy$7.00N/AView Rating Details
(Data available from 10/22/2015 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
10/30/2017($0.08)N/AView Earnings Details
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: $0.02
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.02)($0.02)($0.02)
Q2 20171$0.01$0.01$0.01
Q3 20172($0.14)$0.01($0.07)
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: 99.08%
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

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Harmonic (HLIT) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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