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 stock has increased by 17.7% and is now trading at $6.51.
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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) released its quarterly earnings results on Monday, August, 3rd. The communications equipment provider reported ($0.06) EPS for the quarter, beating the Zacks' consensus estimate of ($0.13) by $0.07. The communications equipment provider had revenue of $73.99 million for the quarter, compared to analysts' expectations of $69.92 million. Harmonic had a positive return on equity of 2.02% and a negative net margin of 5.16%. The company's revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share.
View Harmonic's earnings history.

Harmonic issued an update on its FY20 earnings guidance on Monday, August, 3rd. The company provided EPS guidance of ($0.12)-$0.05 for the period, compared to the Thomson Reuters consensus 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 brokerages have issued 12-month price targets 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 year. This suggests a possible upside of 11.4% from the stock's current price.
View analysts' price targets for Harmonic.

Media coverage about HLIT stock has been trending neutral recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by analyzing 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 nearest to five being the most favorable. Harmonic earned a media sentiment score of 0.1 on InfoTrie's scale. They also assigned media coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news 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), AMC Entertainment (AMC), Intelsat (I), Zynga (ZNGA), Twitter (TWTR), Carnival (CCL), Metlife (MET), Netflix (NFLX), Comcast (CMCSA) and Sirius XM (SIRI).

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 investors include Principal Financial Group Inc. (0.76%), Game Plan Financial Advisors LLC (0.63%), Cowen Prime Services LLC (0.35%), Swiss National Bank (0.21%), Comerica Bank (0.10%) and Texas Permanent School Fund (0.08%). 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 6 Meridian, Cowen Prime Services LLC, UBS Group AG, Texas Permanent School Fund, Dupont Capital Management Corp, and AE Wealth Management LLC. 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 Exchange Traded Concepts LLC, Swiss National Bank, SG Americas Securities LLC, ProShare Advisors LLC, Canandaigua National Corp, Heritage Investors Management Corp, Profund Advisors LLC, and Game Plan Financial Advisors 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 $6.51.

Harmonic has a market capitalization of $628.74 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]