NASDAQ:HLIT - Harmonic Stock Price, Price Target & More

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

Harmonic Inc (NASDAQ:HLIT) released its earnings results on Monday, April, 30th. The communications equipment provider reported ($0.01) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.05. The communications equipment provider earned $90.10 million during the quarter, compared to analysts' expectations of $88.36 million. Harmonic had a negative return on equity of 14.52% and a negative net margin of 19.87%. The business's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) EPS. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for Harmonic.

Harmonic updated its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share (EPS) guidance of ($0.22)-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.10. The company issued revenue guidance of $375-425 million, compared to the consensus revenue estimate of $406.97 million.Harmonic also updated its Q2 guidance to ($0.07)-0.02 EPS.

4 brokers have issued 12 month price targets for Harmonic's stock. Their predictions range from $3.50 to $6.50. On average, they anticipate Harmonic's stock price to reach $5.3333 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Ratings for Harmonic.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

Media coverage about HLIT stock has been trending somewhat negative on Thursday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Harmonic earned a media sentiment score of -0.06 on Accern's scale. They also assigned headlines about the communications equipment provider an impact score of 47.74 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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 $4.37.

Harmonic has a market capitalization of $370.69 million and generates $358.25 million in revenue each year. The communications equipment provider earns $-82,950,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. Harmonic employs 1,244 workers across the globe.

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]