NASDAQ:HLIT - Harmonic Stock Price, Forecast & News

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

Harmonic Inc (NASDAQ:HLIT) released its quarterly earnings results on Monday, October, 28th. The communications equipment provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The communications equipment provider had revenue of $115.73 million for the quarter, compared to analyst estimates of $114.88 million. Harmonic had a positive return on equity of 6.36% and a negative net margin of 2.07%. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Harmonic.

Harmonic issued an update on its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share (EPS) guidance of $0.03-0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of $108-118 million, compared to the consensus revenue estimate of $105.76 million.

4 equities research analysts have issued twelve-month target prices for Harmonic's shares. Their forecasts range from $9.00 to $10.00. On average, they expect Harmonic's stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 14.6% 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 trended positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Harmonic earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned media stories about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Harmonic.

Harmonic saw a decline in short interest during the month of December. As of December 13th, there was short interest totalling 6,560,000 shares, a decline of 5.6% from the November 28th total of 6,950,000 shares. Based on an average daily trading volume, of 669,900 shares, the days-to-cover ratio is currently 9.8 days. Approximately 7.6% of the company's shares are short sold. 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), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Plantronics (PLT), Extreme Networks (EXTR) and Comtech Telecomm. (CMTL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Intelsat (I), Zynga (ZNGA), Advanced Micro Devices (AMD), Fossil Group (FOSL), Transocean (RIG), Bank of America (BAC), Cypress Semiconductor (CY), AMC Entertainment (AMC), First Data (FDC) and Twitter (TWTR).

Harmonic's stock is owned by a number of of retail and institutional investors. Top institutional investors include AE Wealth Management LLC (0.01%). 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 bought by a variety of institutional investors in the last quarter, including AE Wealth Management LLC. 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 $8.29.

Harmonic has a market capitalization of $748.94 million and generates $403.56 million in revenue each year. The communications equipment provider earns $-21,030,000.00 in net income (profit) each year or $0.03 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]