Harmonic Stock Forecast, Price & News

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 shares have increased by 16.6% and is now trading at $6.45.
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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 or view MarketBeat's top 5 stock picks.

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Harmonic is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Harmonic.

Harmonic Inc. (NASDAQ:HLIT) released its earnings results on Saturday, October, 31st. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.08. The communications equipment provider had revenue of $94.90 million for the quarter, compared to analysts' expectations of $82.19 million. Harmonic had a negative net margin of 10.06% and a negative return on equity of 7.13%. The business's revenue for the quarter was down 18.0% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share.
View Harmonic's earnings history.

Harmonic updated its fourth quarter earnings guidance on Monday, October, 26th. The company provided earnings per share (EPS) guidance of $0.10-$0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $120-$130 million, compared to the consensus revenue estimate of $130.85 million.

5 Wall Street analysts have issued 12-month target prices for Harmonic's shares. Their forecasts range from $6.00 to $9.00. On average, they expect Harmonic's share price to reach $7.25 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for Harmonic.

Harmonic saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,650,000 shares, an increase of 14.5% from the September 30th total of 6,680,000 shares. Based on an average daily volume of 743,600 shares, the short-interest ratio is currently 10.3 days.
View Harmonic's Short Interest.

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Viasat (VSAT), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Calix (CALX), Plantronics (PLT), Ribbon Communications (RBBN) and NETGEAR (NTGR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Coty (COTY), Intelsat (I), Advanced Micro Devices (AMD), Energy Transfer (ET), Zynga (ZNGA), American Eagle Outfitters (AEO), Cloudera (CLDR), Designer Brands (DBI), Square (SQ) and Twitter (TWTR).

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

Harmonic's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.79%), Polar Asset Management Partners Inc. (1.77%), Principal Financial Group Inc. (0.71%), Charles Schwab Investment Management Inc. (0.65%), Arrowstreet Capital Limited Partnership (0.65%) and RK Capital Management LLC (0.60%). Company insiders that own Harmonic stock include David Krall, 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 Polar Asset Management Partners Inc., Great West Life Assurance Co. Can, Game Plan Financial Advisors LLC, BlackRock Inc., Acadian Asset Management LLC, Aigen Investment Management LP, Squarepoint Ops LLC, and Principal Financial Group Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Millrace Asset Group Inc., Arrowstreet Capital Limited Partnership, Ziegler Capital Management LLC, GSA Capital Partners LLP, Boardman Bay Capital Management LLC, Cubist Systematic Strategies LLC, State of Tennessee Treasury Department, and Cornerstone Investment Partners 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 $6.45.

Harmonic has a market capitalization of $630.47 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]