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NASDAQ:HLITHarmonic Stock Price, Forecast & News

$4.86
+0.11 (+2.32 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$4.80
Now: $4.86▼
$4.99
50-Day Range
$4.51
MA: $5.23▼
$5.86
52-Week Range
$4.44
Now: $4.86▼
$8.57
Volume497,057 shs
Average Volume654,237 shs
Market Capitalization$469.38 million
P/E RatioN/A
Dividend YieldN/A
Beta0.76
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. The Video segment sells video processing, and production and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and over-the-top encoders, contribution encoders, high-density transcoders and stream processing, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Access segment offers cable edge solutions and related services, including CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was founded in 1988 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.43 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:HLIT
Previous Symbol
CUSIP41316010
CIK851310
Webwww.harmonicinc.com
Phone408-542-2500

Debt

Debt-to-Equity Ratio0.43
Current Ratio1.18
Quick Ratio1.00

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$402.87 million
Price / Sales1.17
Cash Flow$0.63 per share
Price / Cash Flow7.67
Book Value$2.79 per share
Price / Book1.74

Profitability

EPS (Most Recent Fiscal Year)$0.18
Net Income$-5,920,000.00
Net Margins-4.13%
Return on Equity3.34%
Return on Assets1.39%

Miscellaneous

Employees1,172
Outstanding Shares96,580,000
Market Cap$469.38 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable
NASDAQ:HLIT Rates by TradingView

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Harmonic (NASDAQ:HLIT) Frequently Asked Questions

How has Harmonic's stock been impacted by COVID-19 (Coronavirus)?

Harmonic's stock was trading at $5.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HLIT stock has decreased by 12.1% and is now trading at $4.86. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Harmonic?

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

When is Harmonic's next earnings date?

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Harmonic.

How were Harmonic's earnings last quarter?

Harmonic Inc (NASDAQ:HLIT) posted its quarterly earnings data on Monday, April, 27th. The communications equipment provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.05. The communications equipment provider earned $78.40 million during the quarter, compared to analysts' expectations of $85.02 million. Harmonic had a negative net margin of 4.13% and a positive return on equity of 3.34%. The business's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. View Harmonic's earnings history.

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

Harmonic issued an update on its second quarter earnings guidance on Monday, April, 27th. The company provided earnings per share guidance of $(0.18)-(0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. The company issued revenue guidance of $62-77 million, compared to the consensus revenue estimate of $97.24 million.

What price target have analysts set for HLIT?

6 equities research analysts have issued 1-year price targets for Harmonic's stock. Their forecasts range from $6.00 to $10.00. On average, they expect Harmonic's share price to reach $7.88 in the next twelve months. This suggests a possible upside of 62.0% from the stock's current price. View analysts' price targets 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. " (7/1/2020)
  • 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?

News articles about HLIT stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harmonic earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near term. View the latest news about Harmonic.

Who are some of Harmonic's key competitors?

What other stocks do shareholders of Harmonic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Coty (COTY), AMC Entertainment (AMC), Intelsat (I), Zynga (ZNGA), Twitter (TWTR), Carnival (CCL), Metlife (MET), Netflix (NFLX), Comcast (CMCSA) and Sirius XM (SIRI).

Who are Harmonic's key executives?

Harmonic's management team includes the following people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 55, Pay $1.12M)
  • Mr. Sanjay Kalra, Sr. VP & CFO (Age 47, Pay $569.33k)
  • Mr. Eric Louvet, Sr. VP of Global Sales & Video Services (Age 48, Pay $685.7k)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 55, Pay $479.14k)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 52, Pay $625.53k)

What is Harmonic's stock symbol?

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

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 $4.86.

How big of a company is Harmonic?

Harmonic has a market capitalization of $469.38 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.

What is Harmonic's official website?

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

How can I contact Harmonic?

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]

This page was last updated on 7/5/2020 by MarketBeat.com Staff

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