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 results on Monday, April, 30th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The communications equipment provider earned $90.10 million during the quarter, compared to analyst estimates of $88.36 million. Harmonic had a negative net margin of 19.87% and a negative return on equity of 14.52%. The firm's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. 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 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 targets for Harmonic's shares. 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. View Analyst Ratings for Harmonic.

Some companies that are related to Harmonic include Casa Systems (CASA), Mitel Networks (MITL), 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), Pointer Telocation (PNTR) and Aviat Networks (AVNW).

Press coverage about HLIT stock has trended somewhat positive this week, Accern reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Harmonic earned a news sentiment score of 0.22 on Accern's scale. They also assigned headlines about the communications equipment provider an impact score of 45.38 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Harmonic's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.46%), Dimensional Fund Advisors LP (7.38%), Epoch Investment Partners Inc. (5.68%), Polar Asset Management Partners Inc. (2.27%), Schwab Charles Investment Management Inc. (1.38%) and Principal Financial Group Inc. (0.76%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nikos Theodosopoulos, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and William F Reddersen. View Institutional Ownership Trends for Harmonic.

HLIT stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., California Public Employees Retirement System and BNP Paribas Arbitrage SA. Company insiders that have sold Harmonic company stock in the last year include Bart Spriester, Neven Haltmayer, Patrick Harshman and Sanjay Kalra. View Insider Buying and Selling for Harmonic.

HLIT stock was purchased by a variety of institutional investors in the last quarter, including Polar Asset Management Partners Inc., Schwab Charles Investment Management Inc., BlackRock Inc., Epoch Investment Partners Inc., Dimensional Fund Advisors LP, Spark Investment Management LLC, Principal Financial Group Inc. and Principal Financial Group Inc.. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme, Nikos Theodosopoulos and William F Reddersen. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of HLIT stock can currently be purchased for approximately $4.25.

Harmonic has a market capitalization of $370.69 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]