Harmonic Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Harmonic stock.
View analyst ratings for Harmonic or view top-rated stocks.

Wall Street analysts have given Harmonic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Harmonic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Harmonic is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Harmonic.

Harmonic Inc. (NASDAQ:HLIT) issued its earnings results on Monday, August, 2nd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.09. The communications equipment provider had revenue of $113.45 million for the quarter, compared to analyst estimates of $107.59 million. Harmonic had a negative net margin of 0.01% and a positive trailing twelve-month return on equity of 4.84%. Harmonic's revenue was up 53.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS.
View Harmonic's earnings history.

Harmonic's stock was trading at $5.53 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, HLIT stock has increased by 58.6% and is now trading at $8.77.
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Harmonic issued an update on its third quarter 2021 earnings guidance on Monday, August, 9th. The company provided EPS guidance of $0.010-$0.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.050. The company issued revenue guidance of $112 million-$122 million, compared to the consensus revenue estimate of $117.46 million.

5 Wall Street analysts have issued 1 year target prices for Harmonic's shares. Their forecasts range from $9.00 to $13.00. On average, they anticipate Harmonic's stock price to reach $10.80 in the next year. This suggests a possible upside of 23.1% from the stock's current price.
View analysts' price targets for Harmonic or view top-rated stocks among Wall Street analysts.

77 employees have rated Harmonic CEO Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among Harmonic's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Viasat (VSAT), Calix (CALX), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Extreme Networks (EXTR), NETGEAR (NTGR) and ADTRAN (ADTN).
View all of HLIT's competitors.

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 many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (17.43%), BlackRock Inc. (15.79%), Vanguard Group Inc. (6.56%), Dimensional Fund Advisors LP (4.67%), State Street Corp (3.21%) and Royal Bank of Canada (2.03%). Company insiders that own Harmonic stock include David Krall, Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends for Harmonic.

HLIT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Deutsche Bank AG, Ancora Advisors LLC, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Royal Bank of Canada, and Bank of America Corp DE. Company insiders that have sold Harmonic company stock in the last year include Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, and Sanjay Kalra.
View insider buying and selling activity for Harmonic or view top insider-selling stocks.

HLIT stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Victory Capital Management Inc., Boothbay Fund Management LLC, Trigran Investments Inc., JPMorgan Chase & Co., Millennium Management LLC, Cowen Prime Advisors LLC, and Vanguard Group Inc..
View insider buying and selling activity for Harmonic or or view top insider-buying stocks.

Shares of HLIT 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.
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One share of HLIT stock can currently be purchased for approximately $8.77.

Harmonic has a market capitalization of $892.84 million and generates $378.83 million in revenue each year. The communications equipment provider earns $-29,270,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

Harmonic employs 1,169 workers across the globe.

The official website for Harmonic is www.harmonicinc.com.

Harmonic is headquartered at 4300 NORTH FIRST STREET, SAN JOSE CA, 95134.

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].