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

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

Harmonic Inc (NASDAQ:HLIT) issued its earnings results on Monday, April, 30th. The communications equipment provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.05. The communications equipment provider earned $90.10 million during the quarter, compared to the consensus estimate of $88.36 million. Harmonic had a negative net margin of 19.87% and a negative return on equity of 14.52%. Harmonic's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 issued an update on its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share guidance of ($0.22)-0.18 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 12 month target prices for Harmonic's shares. Their forecasts range from $3.50 to $6.50. On average, they anticipate Harmonic's share price to reach $5.3333 in the next year. This suggests a possible upside of 22.6% 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).

Headlines about HLIT stock have been trending somewhat negative this week, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. 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 news impact score of -0.08 on Accern's scale. They also gave press coverage about the communications equipment provider an impact score of 42.56 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

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 $4.35.

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]