NASDAQ:HLIT - Harmonic Stock Price, News, & Analysis

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

Harmonic Inc (NASDAQ:HLIT) issued its quarterly earnings data on Monday, February, 4th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The communications equipment provider earned $113.60 million during the quarter, compared to analysts' expectations of $113.13 million. Harmonic had a negative net margin of 5.21% and a negative return on equity of 0.08%. Harmonic's quarterly revenue was up 12.4% compared to the same quarter last year. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Harmonic.

Harmonic updated its FY 2019 earnings guidance on Monday, February, 4th. The company provided earnings per share guidance of $-0.54-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.23. The company issued revenue guidance of $390-440 million, compared to the consensus revenue estimate of $450.08 million.Harmonic also updated its Q1 2019 guidance to $-0.2--0.09 EPS.

5 analysts have issued 12 month price targets for Harmonic's shares. Their forecasts range from $7.00 to $8.25. On average, they anticipate Harmonic's share price to reach $7.3125 in the next year. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for Harmonic.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.

Media coverage about HLIT stock has trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 -1.8 on InfoTrie's scale. They also gave media headlines about the communications equipment provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Some companies that are related to Harmonic include Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), Ceragon Networks (CRNT), Maxar Technologies (MAXR), KVH Industries (KVHI), Energous (WATT), Airgain (AIRG), Pointer Telocation (PNTR), PC Tel (PCTI) and Vuzix (VUZI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Intelsat (I), Fossil Group (FOSL), Zynga (ZNGA), Advanced Micro Devices (AMD), First Data (FDC), Twitter (TWTR), Transocean (RIG), Cypress Semiconductor (CY), Bank of America (BAC) and China Unicom (Hong Kong) (CHU).

Harmonic's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.44%), Dimensional Fund Advisors LP (7.38%), Dimensional Fund Advisors LP (7.38%), Raging Capital Management LLC (6.95%), Royce & Associates LP (1.57%) and Bank of New York Mellon Corp (1.18%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Patrick Harshman, Sanjay Kalra, Susan Swenson 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 Cowen Prime Services LLC, Royce & Associates LP, Raging Capital Management LLC, Bank of America Corp DE, Millennium Management LLC, Algert Global LLC, Two Sigma Investments LP and Barclays PLC. Company insiders that have sold Harmonic company stock in the last year include Sanjay Kalra and Susan Swenson. View Insider Buying and Selling for Harmonic.

HLIT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Advisors LLC, Oregon Public Employees Retirement Fund, Geode Capital Management LLC, Geode Capital Management LLC, FMR LLC, Marathon Capital Management and GSA Capital Partners LLP. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme 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 $5.70.

Harmonic has a market capitalization of $505.48 million and generates $403.56 million in revenue each year. The communications equipment provider earns $-21,030,000.00 in net income (profit) each year or $0.03 on an earnings per share basis. Harmonic employs 1,162 workers across the globe.

The official website for Harmonic is http://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]