Harmonic - HLIT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating 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.

6 brokerages have issued twelve-month price objectives for Harmonic's shares. Their HLIT share price forecasts range from $13.00 to $17.00. On average, they predict the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for HLIT or view top-rated stocks among Wall Street analysts.

Harmonic's stock was trading at $11.76 at the start of the year. Since then, HLIT stock has increased by 12.8% and is now trading at $13.27.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our HLIT earnings forecast.

Harmonic Inc. (NASDAQ:HLIT) posted its quarterly earnings results on Monday, August, 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.07. The communications equipment provider had revenue of $157.45 million for the quarter, compared to the consensus estimate of $150.08 million. Harmonic had a trailing twelve-month return on equity of 10.46% and a net margin of 5.91%. The company's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share.

Harmonic issued an update on its third quarter 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share (EPS) guidance of $0.08-$0.12 for the period, compared to the consensus EPS estimate of $0.10. The company issued revenue guidance of $147.00 million-$157.00 million, compared to the consensus revenue estimate of $151.63 million.

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.

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).

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

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.

One share of HLIT stock can currently be purchased for approximately $13.27.

Harmonic (NASDAQ:HLIT) has a market capitalization of $1.39 billion and generates $507.15 million in revenue each year. The communications equipment provider earns $13.25 million in net income (profit) each year or $0.32 on an earnings per share basis.

The company employs 1,267 workers across the globe.

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.