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NASDAQ:HLIT

Harmonic Stock Forecast, Price & News

$5.21
-0.15 (-2.80 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$5.20
Now: $5.21▼
$5.35
50-Day Range
$5.36
MA: $5.98▼
$6.75
52-Week Range
$4.44
Now: $5.21▼
$8.57
Volume516,378 shs
Average Volume770,960 shs
Market Capitalization$507.61 million
P/E RatioN/A
Dividend YieldN/A
Beta0.83
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, and production and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and over-the-top encoders, contribution encoders, high-density transcoders and stream processing, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Access segment offers cable edge solutions and related services, including CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was founded in 1988 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.03 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:HLIT
Previous Symbol
CUSIP41316010
CIK851310
Webwww.harmonicinc.com
Phone408-542-2500

Debt

Debt-to-Equity Ratio0.61
Current Ratio1.43
Quick Ratio1.21

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$402.87 million
Price / Sales1.26
Cash Flow$0.59 per share
Price / Cash Flow8.84
Book Value$2.79 per share
Price / Book1.87

Profitability

EPS (Most Recent Fiscal Year)$0.18
Net Income$-5,920,000.00
Net Margins-5.16%
Return on Equity2.02%
Return on Assets0.85%

Miscellaneous

Employees1,172
Outstanding Shares97,429,000
Market Cap$507.61 million
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$5.21
-0.15 (-2.80 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Harmonic (NASDAQ:HLIT) Frequently Asked Questions

How has Harmonic's stock price been impacted by COVID-19?

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 decreased by 5.8% and is now trading at $5.21.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Harmonic?

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.

When is Harmonic's next earnings date?

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Harmonic.

How were Harmonic's earnings last quarter?

Harmonic Inc (NASDAQ:HLIT) posted its earnings results on Monday, August, 3rd. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.07. The communications equipment provider earned $73.99 million during 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%. Harmonic's quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS.
View Harmonic's earnings history.

What guidance has Harmonic issued on next quarter's earnings?

Harmonic updated its FY20 earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of ($0.12)-$0.05 for the period, compared to the Thomson Reuters consensus earnings per share 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.

What price target have analysts set for HLIT?

5 Wall Street analysts have issued 12 month price targets for Harmonic's stock. 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 39.2% from the stock's current price.
View analysts' price targets for Harmonic.

Who are some of Harmonic's key competitors?

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN) and Extreme Networks (EXTR).
View all competitors.

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 LP Unit (ET), Zynga (ZNGA), American Eagle Outfitters (AEO), Designer Brands (DBI), Square (SQ), Twitter (TWTR) and AMC Entertainment (AMC).

Who are Harmonic's key executives?

Harmonic's management team includes the following people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 55, Pay $1.12M)
  • Mr. Sanjay Kalra, Sr. VP & CFO (Age 47, Pay $569.33k)
  • Mr. Eric Louvet, Sr. VP of Global Sales & Video Services (Age 48, Pay $685.7k)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 55, Pay $479.14k)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 52, Pay $625.53k)

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.61%), Goldman Sachs Group Inc. (1.23%), Bank of New York Mellon Corp (1.02%), FMR LLC (0.76%), FMR LLC (0.76%) and Principal Financial Group Inc. (0.76%). Company insiders that own Harmonic stock include David Krall, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and Susan Swenson.
View institutional ownership trends for Harmonic.

Which major investors are selling Harmonic stock?

HLIT stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., 6 Meridian, Prudential Financial Inc., Algert Global LLC, Cowen Prime Services LLC, and UBS Group AG. 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.

Which major investors are buying Harmonic stock?

HLIT stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., RK Capital Management LLC, Jefferies Group LLC, Aigen Investment Management LP, Jane Street Group LLC, California Public Employees Retirement System, Charles Schwab Investment Management Inc., and Exchange Traded Concepts LLC.
View insider buying and selling activity for Harmonic.

How do I buy shares of 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.

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $5.21.

How big of a company is Harmonic?

Harmonic has a market capitalization of $507.61 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.

What is Harmonic's official website?

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

How can I contact Harmonic?

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]

This page was last updated on 9/27/2020 by MarketBeat.com Staff
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