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NVDA   401.11 (+2.99%)
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MSFT   331.21 (-0.50%)
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TSLA   201.16 (+4.14%)
NVDA   401.11 (+2.99%)
NIO   7.40 (-3.90%)
BABA   78.61 (-2.91%)
AMD   125.27 (-1.39%)
T   15.64 (+0.90%)
F   12.59 (+4.14%)
MU   71.69 (-3.03%)
CGC   0.85 (-3.41%)
GE   102.40 (-0.33%)
DIS   87.82 (-0.54%)
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PFE   37.02 (-1.54%)
PYPL   62.05 (+3.04%)
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NASDAQ:HLIT

Harmonic (HLIT) Stock Forecast, Price & News

$17.60
+0.52 (+3.04%)
(As of 05/30/2023 ET)
Compare
Today's Range
$16.98
$17.64
50-Day Range
$13.41
$17.08
52-Week Range
$8.27
$17.64
Volume
1.65 million shs
Average Volume
1.36 million shs
Market Capitalization
$1.96 billion
P/E Ratio
56.77
Dividend Yield
N/A
Price Target
$20.17

Harmonic MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.6% Upside
$20.17 Price Target
Short Interest
Bearish
7.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.05mentions of Harmonic in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
56.25%
From $0.48 to $0.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Computer And Technology Sector

325th out of 618 stocks

Radio & T.V. Communications Equipment Industry

16th out of 24 stocks


HLIT stock logo

About Harmonic (NASDAQ:HLIT) Stock

Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Cable Access segment offers solutions to cable operators. The company was founded in June 1988 and is headquartered in San Jose, CA.

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HLIT Stock News Headlines

Sell every Stock except ONE
Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...
Harmonic appoints CFO
Sell every Stock except ONE
Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...
Needham Keeps Their Buy Rating on Harmonic (HLIT)
8 Analysts Have This to Say About Harmonic
Harmonic (NASDAQ:HLIT) Price Target Raised to $23.00
Harmonic (NASDAQ:HLIT) Shares Gap Up on Analyst Upgrade
Harmonic (NASDAQ:HLIT) Updates FY23 Earnings Guidance
Harmonic Announces First Quarter 2023 Results
See More Headlines
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HLIT Company Calendar

Last Earnings
10/31/2021
Today
5/30/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,340
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.17
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+15.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$28.18 million
Pretax Margin
8.42%

Debt

Sales & Book Value

Annual Sales
$624.96 million
Cash Flow
$0.50 per share
Book Value
$3.08 per share

Miscellaneous

Free Float
107,458,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Patrick J. HarshmanPatrick J. Harshman
    President, Chief Executive Officer & Director
  • Jean-Marc Guiot
    Senior VP-Operations & Information Technology
  • Walter F. Jankovic
    Chief Financial & Accounting Officer
  • Neven HaltmayerNeven Haltmayer
    SVP-Research & Development, Video Business
  • Nimrod Ben-NatanNimrod Ben-Natan
    Senior VP & General Manager-Cable Access Business













HLIT Stock - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HLIT shares.
View HLIT analyst ratings
or view top-rated stocks.

What is Harmonic's stock price forecast for 2023?

6 brokers have issued 12-month target prices for Harmonic's shares. Their HLIT share price forecasts range from $17.00 to $23.00. On average, they anticipate the company's share price to reach $20.17 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
View analysts price targets for HLIT
or view top-rated stocks among Wall Street analysts.

How have HLIT shares performed in 2023?

Harmonic's stock was trading at $13.10 on January 1st, 2023. Since then, HLIT stock has increased by 33.4% and is now trading at $17.47.
View the best growth stocks for 2023 here
.

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) released its quarterly earnings results on Sunday, October, 31st. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The communications equipment provider had revenue of $126.32 million for the quarter, compared to analysts' expectations of $118.62 million. Harmonic had a net margin of 5.48% and a trailing twelve-month return on equity of 13.52%. The firm's revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share.

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

Harmonic updated its second quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $161.00 million-$171.00 million, compared to the consensus revenue estimate of $172.78 million.

What is Patrick J. Harshman's approval rating as Harmonic's CEO?

100 employees have rated Harmonic Chief Executive Officer Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among the company's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at Harmonic to a friend.

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), Block (SQ) and Twitter (TWTR).

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.99%), Trigran Investments Inc. (7.60%), Wellington Management Group LLP (7.01%), Scopia Capital Management LP (5.34%), Dimensional Fund Advisors LP (3.51%) and Hood River Capital Management LLC (3.22%). Insiders that own company stock include David Krall, Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends
.

How do I buy shares of Harmonic?

Shares of HLIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $17.47.

How much money does Harmonic make?

Harmonic (NASDAQ:HLIT) has a market capitalization of $1.95 billion and generates $624.96 million in revenue each year. The communications equipment provider earns $28.18 million in net income (profit) each year or $0.31 on an earnings per share basis.

How many employees does Harmonic have?

The company employs 1,340 workers across the globe.

How can I contact Harmonic?

Harmonic's mailing address is 4300 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for the company is www.harmonicinc.com. The communications equipment provider can be reached via phone at (408) 542-2500, via email at investor@harmonicinc.com, or via fax at 408-542-2511.

This page (NASDAQ:HLIT) was last updated on 5/30/2023 by MarketBeat.com Staff

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