NASDAQ:HLITHarmonic Stock Price, Forecast & News

Harmonic's stock was trading at $5.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HLIT shares have increased by 21.5% and is now trading at $6.72.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Harmonic.

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Harmonic.

Harmonic Inc (NASDAQ:HLIT) posted its earnings results on Monday, August, 3rd. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.07. The communications equipment provider earned $73.99 million during the quarter, compared to the consensus estimate of $69.92 million. Harmonic had a positive return on equity of 2.02% and a negative net margin of 5.16%. The business's quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS.
View Harmonic's earnings history.

Harmonic updated its FY20 earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of ($0.12)-$0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.23). The company issued revenue guidance of $349.5-381.5 million, compared to the consensus revenue estimate of $339.04 million.

5 brokers have issued 12 month target prices for Harmonic's stock. Their forecasts range from $6.00 to $9.00. On average, they expect Harmonic's stock price to reach $7.25 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts' price targets for Harmonic.

Headlines about HLIT stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Harmonic earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned 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 impact on the stock's share price in the near term.
View the latest news about Harmonic.

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), Ciena (CIEN), F5 Networks (FFIV), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT) and Ribbon Communications (RBBN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Coty (COTY), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), AMC Entertainment (AMC), Carnival (CCL), Intelsat (I), Zynga (ZNGA), Twitter (TWTR), Metlife (MET) and Netflix (NFLX).

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

Harmonic's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.61%), Goldman Sachs Group Inc. (1.23%), Bank of New York Mellon Corp (1.02%), FMR LLC (0.76%), Principal Financial Group Inc. (0.76%) and State of Wisconsin Investment Board (0.67%). Company insiders that own Harmonic stock include Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and Susan Swenson.
View institutional ownership trends for Harmonic.

HLIT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., 6 Meridian, Prudential Financial Inc., Algert Global LLC, Cowen Prime Services LLC, UBS Group AG, Texas Permanent School Fund, and Dupont Capital Management Corp. 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 activity for Harmonic.

HLIT stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., RK Capital Management LLC, Jefferies Group LLC, Aigen Investment Management LP, California Public Employees Retirement System, Exchange Traded Concepts LLC, State of Wisconsin Investment Board, and FMR LLC.
View insider buying and selling activity for 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.

One share of HLIT stock can currently be purchased for approximately $6.72.

Harmonic has a market capitalization of $654.72 million and generates $402.87 million in revenue each year. The communications equipment provider earns $-5,920,000.00 in net income (profit) each year or $0.18 on an earnings per share basis. Harmonic employs 1,172 workers across the globe.

The official website for Harmonic is www.harmonicinc.com.

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]