NASDAQ:HLIT - Harmonic Stock Price, Price Target & More

Harmonic trades on the NASDAQ under the ticker symbol "HLIT."

Harmonic Inc (NASDAQ:HLIT) announced its quarterly earnings data on Monday, April, 30th. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.05. The communications equipment provider earned $90.10 million during the quarter, compared to the consensus estimate of $88.36 million. Harmonic had a negative return on equity of 14.52% and a negative net margin of 19.87%. The business's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) earnings per share. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for Harmonic.

Harmonic issued an update on its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share (EPS) guidance of ($0.22)-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $375-425 million, compared to the consensus revenue estimate of $406.97 million.Harmonic also updated its Q2 guidance to ($0.07)-0.02 EPS.

4 analysts have issued 12 month price objectives for Harmonic's stock. Their predictions range from $3.50 to $6.50. On average, they expect Harmonic's stock price to reach $5.3333 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price. View Analyst Ratings for Harmonic.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Harmonic include Mitel Networks (MITL), Casa Systems (CASA), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Energous (WATT), Ceragon Networks (CRNT), KVH Industries (KVHI), Vuzix (VUZI), PC Tel (PCTI), SeaChange International (SEAC), Airgain (AIRG) and Pointer Telocation (PNTR).

Press coverage about HLIT stock has been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Harmonic earned a news impact score of 0.07 on Accern's scale. They also assigned news stories about the communications equipment provider an impact score of 47.53 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

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.

One share of HLIT stock can currently be purchased for approximately $4.40.

Harmonic has a market capitalization of $374.95 million and generates $358.25 million in revenue each year. The communications equipment provider earns $-82,950,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. Harmonic employs 1,244 workers across the globe.

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]