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

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$4.40 -0.05 (-1.12 %)
(As of 07/23/2018 01:49 PM ET)
Previous Close$4.40
Today's Range$4.37 - $4.40
52-Week Range$2.80 - $4.60
Volume642 shs
Average Volume207,661 shs
Market Capitalization$379.21 million
P/E Ratio-8.15
Dividend YieldN/A
Beta0.81
Harmonic logoHarmonic 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 Edge. 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 companies, including streaming new media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and distribution encoders, contribution encoders, multiscreen transcoders and stream processing systems, 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 Edge segment offers cable edge solutions and related services, including CableOS software-based converged cable access platform 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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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNASDAQ:HLIT
CUSIP41316010
Phone408-542-2500

Debt

Debt-to-Equity Ratio0.56
Current Ratio1.28
Quick Ratio1.10

Price-To-Earnings

Trailing P/E Ratio-8.15
Forward P/E Ratio-48.89
P/E GrowthN/A

Sales & Book Value

Annual Sales$358.25 million
Price / Sales1.05
Cash FlowN/A
Price / CashN/A
Book Value$2.68 per share
Price / Book1.64

Profitability

EPS (Most Recent Fiscal Year)($0.54)
Net Income$-82,950,000.00
Net Margins-19.87%
Return on Equity-14.52%
Return on Assets-6.34%

Miscellaneous

Employees1,244
Outstanding Shares85,220,000
Market Cap$379.21

Harmonic (NASDAQ:HLIT) Frequently Asked Questions

What is Harmonic's stock symbol?

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

How were Harmonic's earnings last quarter?

Harmonic Inc (NASDAQ:HLIT) posted its quarterly earnings data on Monday, April, 30th. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.05. The communications equipment provider earned $90.10 million during the quarter, compared to analyst estimates of $88.36 million. Harmonic had a negative return on equity of 14.52% and a negative net margin of 19.87%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) EPS. View Harmonic's Earnings History.

When is Harmonic's next earnings date?

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

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

Harmonic updated its FY18 earnings guidance on Monday, April, 30th. The company provided 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.

What price target have analysts set for HLIT?

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

What is the consensus analysts' recommendation 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."

Who are some of Harmonic's key competitors?

Who are Harmonic's key executives?

Harmonic's management team includes the folowing people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 53)
  • Mr. Sanjay Kalra, Sr. VP, CFO & Principal Accounting Officer (Age 45)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 53)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 50)
  • Mr. Blair King, Director of Investor Relations

Has Harmonic been receiving favorable news coverage?

News coverage about HLIT stock has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harmonic earned a media sentiment score of 0.05 on Accern's scale. They also assigned headlines about the communications equipment provider an impact score of 44.62 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

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, Scottrade, Fidelity and Charles Schwab.

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $4.37.

How big of a company is Harmonic?

Harmonic has a market capitalization of $379.21 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.

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]


MarketBeat Community Rating for Harmonic (NASDAQ HLIT)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  148 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  407
MarketBeat's community ratings are surveys of what our community members think about Harmonic and other stocks. Vote "Outperform" if you believe HLIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HLIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/23/2018 by MarketBeat.com Staff

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