S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
NASDAQ:HLIT

Harmonic - HLIT Stock Forecast, Price & News

$14.29
-0.50 (-3.38%)
(As of 02/3/2023 09:04 PM ET)
Add
Compare
Today's Range
$14.24
$15.19
50-Day Range
$12.95
$15.45
52-Week Range
$8.25
$15.80
Volume
2.26 million shs
Average Volume
1.57 million shs
Market Capitalization
$1.51 billion
P/E Ratio
54.96
Dividend Yield
N/A
Price Target
$18.33

Harmonic MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.3% Upside
$18.33 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Harmonic in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$1.20 M Sold Last Quarter
Proj. Earnings Growth
65.22%
From $0.46 to $0.76 Per Share

Overall MarketRank

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

3.16 out of 5 stars

Computer And Technology Sector

7th out of 608 stocks

Radio & T.V. Communications Equipment Industry

2nd out of 25 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.

Receive HLIT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter.

HLIT Stock News Headlines

Harmonic (NASDAQ:HLIT) Earns Buy Rating from Needham & Company LLC
Raymond James Trims Harmonic (NASDAQ:HLIT) Target Price to $17.00
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Harmonic (NASDAQ:HLIT) Rating Reiterated by Rosenblatt Securities
StockNews.com Upgrades Harmonic (NASDAQ:HLIT) to Buy
Harmonic (NASDAQ:HLIT) Shares Gap Down on Analyst Downgrade
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Barclays Increases Harmonic (NASDAQ:HLIT) Price Target to $20.00
Harmonic Inc. (HLIT) Q4 2022 Earnings Call Transcript
Harmonic (NASDAQ:HLIT) Updates FY 2023 Earnings Guidance
Harmonic Announces Fourth Quarter and Fiscal 2022 Results
Harmonic (HLIT) Set to Announce Quarterly Earnings on Monday
5 Tech Stocks That Survived Nasdaq's Bloodbath This Year
Why You Shouldn't Bet Against Harmonic (HLIT) Stock
Harmonic Inc. (NASDAQ:HLIT) Looks Just Right
See More Headlines
Receive HLIT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Harmonic and its competitors with MarketBeat's FREE daily newsletter.

HLIT Company Calendar

Last Earnings
10/31/2021
Today
2/05/2023
Next Earnings (Estimated)
5/01/2023
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
1,267
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.33
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+28.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$13.25 million
Pretax Margin
7.12%

Debt

Sales & Book Value

Annual Sales
$624.96 million
Cash Flow
$0.47 per share
Book Value
$3.08 per share

Miscellaneous

Free Float
101,746,000
Market Cap
$1.51 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Patrick J. HarshmanPatrick J. Harshman
    President, Chief Executive Officer & Director
  • Jean-Marc Guiot
    Senior VP-Operations & Information Technology
  • Sanjay KalraSanjay Kalra
    Chief Financial Officer & Senior Vice President
  • Neven HaltmayerNeven Haltmayer
    Senior Vice President-R&D, Video Business
  • Tim Warren
    Chief Technology Officer-Video Business & SVP













HLIT Stock - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street 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 1-year price targets for Harmonic's stock. Their HLIT share price forecasts range from $15.00 to $20.00. On average, they expect the company's stock price to reach $18.33 in the next year. This suggests a possible upside of 28.3% 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 at the start of the year. Since then, HLIT stock has increased by 9.1% and is now trading at $14.29.
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, May 1st 2023.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) issued its quarterly earnings data on Sunday, October, 31st. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. The communications equipment provider earned $126.32 million during the quarter, compared to analyst estimates of $118.62 million. Harmonic had a net margin of 4.51% and a trailing twelve-month return on equity of 12.23%. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS.

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

Harmonic updated its FY23 earnings guidance on Monday, January, 30th. The company provided earnings per share (EPS) guidance of $0.56-0.72 for the period, compared to the consensus earnings per share estimate of $0.73. The company issued revenue guidance of $695-735 million, compared to the consensus revenue estimate of $733.32 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 number of institutional and retail investors. Top institutional investors include Leeward Investments LLC MA (1.38%), Assenagon Asset Management S.A. (1.28%), Cowen Prime Advisors LLC (0.77%), Allspring Global Investments Holdings LLC (0.36%), Calamos Advisors LLC (0.31%) and Rice Hall James & Associates LLC (0.29%). 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 $14.29.

How much money does Harmonic make?

Harmonic (NASDAQ:HLIT) has a market capitalization of $1.51 billion and generates $624.96 million in revenue each year. The communications equipment provider earns $13.25 million in net income (profit) each year or $0.26 on an earnings per share basis.

How many employees does Harmonic have?

The company employs 1,267 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 2/6/2023 by MarketBeat.com Staff