NASDAQ:HLIT Harmonic - HLIT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Harmonic Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $14.29 -0.50 (-3.38%) (As of 02/3/2023 09:04 PM ET) Add Compare Share Share Today's Range$14.24▼$15.1950-Day Range$12.95▼$15.4552-Week Range$8.25▼$15.80Volume2.26 million shsAverage Volume1.57 million shsMarket Capitalization$1.51 billionP/E Ratio54.96Dividend YieldN/APrice Target$18.33 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Harmonic MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.3% Upside$18.33 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.49Based on 36 Articles This WeekInsider TradingSelling Shares$1.20 M Sold Last QuarterProj. Earnings Growth65.22%From $0.46 to $0.76 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.16 out of 5 starsComputer And Technology Sector7th out of 608 stocksRadio & T.V. Communications Equipment Industry2nd out of 25 stocks 4.5 Analyst's Opinion Consensus RatingHarmonic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.33, Harmonic has a forecasted upside of 28.3% from its current price of $14.29.Amount of Analyst CoverageHarmonic has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for HLIT. Previous Next 0.0 Dividend Strength Dividend YieldHarmonic does not currently pay a dividend.Dividend GrowthHarmonic does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HLIT. Previous Next 3.0 News and Social Media Coverage News SentimentHarmonic has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 36 news articles for Harmonic this week, compared to 4 articles on an average week.Search Interest26 people have searched for HLIT on MarketBeat in the last 30 days. This is an increase of 767% compared to the previous 30 days.MarketBeat Follows9 people have added Harmonic to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Harmonic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,195,212.00 in company stock.Percentage Held by InsidersOnly 3.50% of the stock of Harmonic is held by insiders.Percentage Held by Institutions97.72% of the stock of Harmonic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Harmonic are expected to grow by 65.22% in the coming year, from $0.46 to $0.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Harmonic is 54.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Harmonic is 54.96, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 383.13.Price to Book Value per Share RatioHarmonic has a P/B Ratio of 4.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Harmonic (NASDAQ:HLIT) StockHarmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Cable Access segment offers solutions to cable operators. The company was founded in June 1988 and is headquartered in San Jose, CA.Read More Receive HLIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter. Email Address HLIT Stock News HeadlinesFebruary 4, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Earns Buy Rating from Needham & Company LLCFebruary 4, 2023 | americanbankingnews.comRaymond James Trims Harmonic (NASDAQ:HLIT) Target Price to $17.00February 6, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 3, 2023 | americanbankingnews.comHarmonic Inc. Expected to Post Q2 2023 Earnings of $0.09 Per Share (NASDAQ:HLIT)February 3, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Rating Reiterated by Rosenblatt SecuritiesFebruary 3, 2023 | americanbankingnews.comStockNews.com Upgrades Harmonic (NASDAQ:HLIT) to BuyFebruary 2, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Shares Gap Down on Analyst DowngradeFebruary 2, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Stock Rating Reaffirmed by Rosenblatt SecuritiesFebruary 6, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 2, 2023 | americanbankingnews.comBarclays Increases Harmonic (NASDAQ:HLIT) Price Target to $20.00February 1, 2023 | seekingalpha.comHarmonic Inc. (HLIT) Q4 2022 Earnings Call TranscriptFebruary 1, 2023 | msn.comHarmonic Stock Drops on Guidance That Was Not Music to Investors' EarsJanuary 31, 2023 | finance.yahoo.comHarmonic Inc. (NASDAQ:HLIT) Q4 2022 Earnings Call TranscriptJanuary 31, 2023 | finance.yahoo.comHarmonic Inc.'s (NASDAQ:HLIT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?January 31, 2023 | americanbankingnews.comHarmonic (NASDAQ:HLIT) Updates FY 2023 Earnings GuidanceJanuary 30, 2023 | finance.yahoo.comHarmonic Announces Fourth Quarter and Fiscal 2022 ResultsJanuary 29, 2023 | americanbankingnews.comHarmonic (HLIT) Set to Announce Quarterly Earnings on MondayJanuary 17, 2023 | finance.yahoo.comHarmonic Announces Reporting Date for Fourth Quarter and Full Year 2022 ResultsJanuary 4, 2023 | finance.yahoo.comHarmonic to Participate in the 25th Annual Needham Growth ConferenceDecember 19, 2022 | finance.yahoo.comWhat Does Harmonic Inc.'s (NASDAQ:HLIT) Share Price Indicate?December 12, 2022 | finance.yahoo.com5 Tech Stocks That Survived Nasdaq's Bloodbath This YearNovember 28, 2022 | finance.yahoo.comShould You Be Adding Harmonic (NASDAQ:HLIT) To Your Watchlist Today?November 23, 2022 | finance.yahoo.comHarmonic to Participate in Upcoming December 2022 Investor ConferencesNovember 23, 2022 | finance.yahoo.comWhy You Shouldn't Bet Against Harmonic (HLIT) StockNovember 14, 2022 | finance.yahoo.comHarmonic Inc. (NASDAQ:HLIT) Looks Just RightNovember 3, 2022 | finance.yahoo.comAre Computer and Technology Stocks Lagging Harmonic (HLIT) This Year?October 31, 2022 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Harmonic (NASDAQ:HLIT)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HLIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter. Email Address HLIT Company Calendar Last Earnings10/31/2021Today2/05/2023Next Earnings (Estimated)5/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Radio & t.v. communications equipment Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNASDAQ:HLIT CUSIP41316010 CIK851310 Webwww.harmonicinc.com Phone(408) 542-2500Fax408-542-2511Employees1,267Year FoundedN/APrice Target and Rating Average Stock Price Forecast$18.33 High Stock Price Forecast$20.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+28.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.26 Trailing P/E Ratio54.96 Forward P/E Ratio31.07 P/E GrowthN/ANet Income$13.25 million Net Margins4.51% Pretax Margin7.12% Return on Equity12.23% Return on Assets5.26% Debt Debt-to-Equity Ratio0.03 Current Ratio1.08 Quick Ratio1.07 Sales & Book Value Annual Sales$624.96 million Price / Sales2.41 Cash Flow$0.47 per share Price / Cash Flow30.11 Book Value$3.08 per share Price / Book4.64Miscellaneous Outstanding Shares105,440,000Free Float101,746,000Market Cap$1.51 billion OptionableOptionable Beta0.92 Social Links Key ExecutivesPatrick J. HarshmanPresident, Chief Executive Officer & DirectorJean-Marc GuiotSenior VP-Operations & Information TechnologySanjay KalraChief Financial Officer & Senior Vice PresidentNeven HaltmayerSenior Vice President-R&D, Video BusinessTim WarrenChief Technology Officer-Video Business & SVPKey CompetitorsComtech TelecommunicationsNASDAQ:CMTLAviat NetworksNASDAQ:AVNWViasatNASDAQ:VSATPlanet Labs PBCNYSE:PLSierra WirelessNASDAQ:SWIRView All CompetitorsInsiders & InstitutionsEssex Investment Management Co. LLCBought 39,755 shares on 2/3/2023Ownership: 0.038%Leeward Investments LLC MASold 8,324 shares on 2/2/2023Ownership: 1.380%ProShare Advisors LLCBought 1,868 shares on 2/2/2023Ownership: 0.015%Simplex Trading LLCBought 1,100 shares on 2/2/2023Ownership: 0.000%Cornerstone Investment Partners LLCSold 800 shares on 2/1/2023Ownership: 0.017%View All Insider TransactionsView All Institutional Transactions HLIT Stock - Frequently Asked Questions Should I buy or sell Harmonic stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HLIT shares. View HLIT analyst ratings or view top-rated stocks. What is Harmonic's stock price forecast for 2023? 6 brokers have issued 1-year price targets for Harmonic's stock. Their HLIT share price forecasts range from $15.00 to $20.00. On average, they expect the company's stock price to reach $18.33 in the next year. This suggests a possible upside of 28.3% from the stock's current price. View analysts price targets for HLIT or view top-rated stocks among Wall Street analysts. How have HLIT shares performed in 2023? Harmonic's stock was trading at $13.10 at the start of the year. Since then, HLIT stock has increased by 9.1% and is now trading at $14.29. View the best growth stocks for 2023 here. When is Harmonic's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. View our HLIT earnings forecast. How were Harmonic's earnings last quarter? Harmonic Inc. (NASDAQ:HLIT) issued its quarterly earnings data on Sunday, October, 31st. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. The communications equipment provider earned $126.32 million during the quarter, compared to analyst estimates of $118.62 million. Harmonic had a net margin of 4.51% and a trailing twelve-month return on equity of 12.23%. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. What guidance has Harmonic issued on next quarter's earnings? Harmonic updated its FY23 earnings guidance on Monday, January, 30th. The company provided earnings per share (EPS) guidance of $0.56-0.72 for the period, compared to the consensus earnings per share estimate of $0.73. The company issued revenue guidance of $695-735 million, compared to the consensus revenue estimate of $733.32 million. What is Patrick J. Harshman's approval rating as Harmonic's CEO? 100 employees have rated Harmonic Chief Executive Officer Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among the company's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at Harmonic to a friend. 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), Intelsat (I), Advanced Micro Devices (AMD), Energy Transfer (ET), Zynga (ZNGA), American Eagle Outfitters (AEO), Cloudera (CLDR), Designer Brands (DBI), Block (SQ) and Twitter (TWTR). What is Harmonic's stock symbol? Harmonic trades on the NASDAQ under the ticker symbol "HLIT." Who are Harmonic's major shareholders? Harmonic's stock is owned by a number of institutional and retail investors. Top institutional investors include Leeward Investments LLC MA (1.38%), Assenagon Asset Management S.A. (1.28%), Cowen Prime Advisors LLC (0.77%), Allspring Global Investments Holdings LLC (0.36%), Calamos Advisors LLC (0.31%) and Rice Hall James & Associates LLC (0.29%). Insiders that own company stock include David Krall, Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra. View institutional ownership trends. How do I buy shares of Harmonic? Shares of HLIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Harmonic's stock price today? One share of HLIT stock can currently be purchased for approximately $14.29. How much money does Harmonic make? Harmonic (NASDAQ:HLIT) has a market capitalization of $1.51 billion and generates $624.96 million in revenue each year. The communications equipment provider earns $13.25 million in net income (profit) each year or $0.26 on an earnings per share basis. How many employees does Harmonic have? The company employs 1,267 workers across the globe. How can I contact Harmonic? Harmonic's mailing address is 4300 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for the company is www.harmonicinc.com. The communications equipment provider can be reached via phone at (408) 542-2500, via email at investor@harmonicinc.com, or via fax at 408-542-2511. This page (NASDAQ:HLIT) was last updated on 2/6/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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