NASDAQ:HLIT - Harmonic Stock Price, Forecast & News

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

Harmonic Inc (NASDAQ:HLIT) posted its quarterly earnings data on Monday, February, 3rd. The communications equipment provider reported $0.12 EPS for the quarter, beating the Zacks' consensus estimate of $0.08 by $0.04. The communications equipment provider had revenue of $122.18 million for the quarter, compared to analyst estimates of $113.07 million. Harmonic had a negative net margin of 1.47% and a positive return on equity of 7.34%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Harmonic.

Harmonic issued an update on its FY20 earnings guidance on Monday, February, 3rd. The company provided EPS guidance of $0.00-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $390-430 million, compared to the consensus revenue estimate of $438.82 million.

4 analysts have issued twelve-month price targets for Harmonic's shares. Their forecasts range from $9.00 to $10.00. On average, they expect Harmonic's share price to reach $9.50 in the next year. This suggests a possible upside of 40.3% from the stock's current price. View Analyst Price Targets for Harmonic.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.

Media headlines about HLIT stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Harmonic earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news stories about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Harmonic.

Harmonic saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,970,000 shares, an increase of 5.3% from the January 15th total of 6,620,000 shares. Based on an average daily volume of 676,500 shares, the short-interest ratio is currently 10.3 days. Approximately 8.0% of the company's shares are sold short. View Harmonic's Current Options Chain.

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Comtech Telecomm. (CMTL), Extreme Networks (EXTR) and NetGear (NTGR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Zynga (ZNGA), Twitter (TWTR), AMC Entertainment (AMC), Sirius XM (SIRI), Intelsat (I), Metlife (MET), DISH Network (DISH), Brighthouse Financial (BHF), Comcast (CMCSA) and Glu Mobile (GLUU).

Harmonic's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (2.79%), Divisar Capital Management LLC (2.25%), Bank of New York Mellon Corp (1.22%), Cooper Creek Partners Management LLC (0.82%), Principal Financial Group Inc. (0.79%) and Game Plan Financial Advisors LLC (0.62%). Company insiders that own Harmonic stock include Floyd E Kvamme, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra, Susan Swenson and William F Reddersen. View Institutional Ownership Trends for Harmonic.

HLIT stock was sold by a variety of institutional investors in the last quarter, including Divisar Capital Management LLC, Renaissance Technologies LLC, Jacobs Levy Equity Management Inc., Oxford Asset Management LLP, New York State Common Retirement Fund, Arizona State Retirement System, Stifel Financial Corp and Millrace Asset 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 for Harmonic.

HLIT stock was bought by a variety of institutional investors in the last quarter, including Game Plan Financial Advisors LLC, Knights of Columbus Asset Advisors LLC, Cooper Creek Partners Management LLC, AXA, Rice Hall James & Associates LLC, Algert Global LLC, SG Americas Securities LLC and Great West Life Assurance Co. Can. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme and William F Reddersen. View Insider Buying and Selling for 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.

One share of HLIT stock can currently be purchased for approximately $6.77.

Harmonic has a market capitalization of $611.62 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 1,162 workers across the globe.View Additional Information About Harmonic.

The official website for Harmonic is http://www.harmonicinc.com/.

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]