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NASDAQ:HLIT

Harmonic Stock Forecast, Price & News

$6.45
-0.08 (-1.23 %)
(As of 12/1/2020 12:00 AM ET)
Add
Compare
Today's Range
$6.39
Now: $6.45
$6.63
50-Day Range
$5.94
MA: $6.43
$7.07
52-Week Range
$4.44
Now: $6.45
$8.57
Volume623,767 shs
Average Volume752,399 shs
Market Capitalization$630.47 million
P/E RatioN/A
Dividend YieldN/A
Beta0.88
Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services 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 appliances, broadcast and over-the-top encoders, contribution encoders, high-density transcoders, 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, end-to-end system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. Harmonic Inc. was founded in 1988 and is headquartered in San Jose, California.
Harmonic logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.36 out of 5 stars


Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
Current SymbolNASDAQ:HLIT
CUSIP41316010
Phone408-542-2500
Employees1,172

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$402.87 million
Cash Flow$0.61 per share
Book Value$2.40 per share

Profitability

Net Income$-5,920,000.00

Miscellaneous

Market Cap$630.47 million
Next Earnings Date2/1/2021 (Estimated)
OptionableOptionable
$6.45
-0.08 (-1.23 %)
(As of 12/1/2020 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 Coronavirus (COVID-19)?

Harmonic's stock was trading at $5.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HLIT shares have increased by 16.6% and is now trading at $6.45.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Harmonic?

Wall Street analysts have given Harmonic a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Harmonic wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Harmonic's next earnings date?

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Harmonic
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) released its earnings results on Saturday, October, 31st. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.08. The communications equipment provider had revenue of $94.90 million for the quarter, compared to analysts' expectations of $82.19 million. Harmonic had a negative net margin of 10.06% and a negative return on equity of 7.13%. The business's revenue for the quarter was down 18.0% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share.
View Harmonic's earnings history
.

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

Harmonic updated its fourth quarter earnings guidance on Monday, October, 26th. The company provided earnings per share (EPS) guidance of $0.10-$0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $120-$130 million, compared to the consensus revenue estimate of $130.85 million.

What price target have analysts set for HLIT?

5 Wall Street analysts have issued 12-month target prices for Harmonic's shares. Their forecasts range from $6.00 to $9.00. On average, they expect Harmonic's share price to reach $7.25 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for Harmonic
.

Are investors shorting Harmonic?

Harmonic saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,650,000 shares, an increase of 14.5% from the September 30th total of 6,680,000 shares. Based on an average daily volume of 743,600 shares, the short-interest ratio is currently 10.3 days.
View Harmonic's Short Interest
.

Who are some of Harmonic's key 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 (ET), Zynga (ZNGA), American Eagle Outfitters (AEO), Cloudera (CLDR), Designer Brands (DBI), Square (SQ) and Twitter (TWTR).

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. 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)
  • Mr. Jean-Marc Guiot, Sr. VP of Operations & IT
  • Mr. Michael Smiley, Fin. & Investor Relations Mang.
  • Mr. Timothy C. Chu, Gen. Counsel, Sr. VP of HR & Corp. Sec. (Age 47)
  • Ms. Crystele Trevisan-Jallu, Sr. VP of Corp. Marketing & Communications
  • Mr. Ian Graham, Sr. VP of Global Sales & Video Services
  • Mr. Shahar Bar, Sr. VP of Video Products & Corp. Devel.

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 shareholders include BlackRock Inc. (14.79%), Polar Asset Management Partners Inc. (1.77%), Principal Financial Group Inc. (0.71%), Charles Schwab Investment Management Inc. (0.65%), Arrowstreet Capital Limited Partnership (0.65%) and RK Capital Management LLC (0.60%). 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 Polar Asset Management Partners Inc., Great West Life Assurance Co. Can, Game Plan Financial Advisors LLC, BlackRock Inc., Acadian Asset Management LLC, Aigen Investment Management LP, Squarepoint Ops LLC, and Principal Financial Group Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Millrace Asset Group Inc., Arrowstreet Capital Limited Partnership, Ziegler Capital Management LLC, GSA Capital Partners LLP, Boardman Bay Capital Management LLC, Cubist Systematic Strategies LLC, State of Tennessee Treasury Department, and Cornerstone Investment Partners 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 $6.45.

How big of a company is Harmonic?

Harmonic has a market capitalization of $630.47 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 12/1/2020 by MarketBeat.com Staff

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