NASDAQ:HLIT

Harmonic Stock Forecast, Price & News

$7.03
-0.02 (-0.28 %)
(As of 05/11/2021 12:00 AM ET)
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Today's Range
$6.85
$7.14
50-Day Range
$7.05
$8.81
52-Week Range
$4.49
$9.20
Volume532,189 shs
Average Volume688,366 shs
Market Capitalization$710.64 million
P/E RatioN/A
Dividend YieldN/A
Beta0.83
30 days | 90 days | 365 days | Advanced Chart
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Harmonic logo

About Harmonic

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides software-as-a-service (SaaS) solutions, which enables the packaging and delivery of high-quality streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to any device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. Harmonic Inc. was incorporated in 1988 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
Current SymbolNASDAQ:HLIT
CUSIP41316010
Phone408-542-2500
Employees837
Year FoundedN/A

Sales & Book Value

Annual Sales$402.87 million
Cash Flow$0.57 per share
Book Value$2.79 per share

Profitability

Net Income$-5,920,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$710.64 million
Next Earnings Date8/2/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.57 out of 5 stars

Computer And Technology Sector

345th out of 1,564 stocks

Radio & T.V. Communications Equipment Industry

14th out of 52 stocks

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Harmonic (NASDAQ:HLIT) Frequently Asked Questions

Is Harmonic a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Harmonic stock.
View analyst ratings for Harmonic
or view top-rated stocks.

What stocks does MarketBeat like better than Harmonic?

Wall Street analysts have given Harmonic a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Harmonic wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Harmonic's next earnings date?

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Harmonic
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) announced its quarterly earnings data on Sunday, May, 2nd. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.01. The communications equipment provider earned $111.60 million during the quarter, compared to the consensus estimate of $103.11 million. Harmonic had a negative net margin of 10.06% and a negative trailing twelve-month return on equity of 7.13%. The business's revenue for the quarter was up 42.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) EPS.
View Harmonic's earnings history
.

How has Harmonic's stock price been impacted by Coronavirus (COVID-19)?

Harmonic's stock was trading at $5.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HLIT stock has increased by 27.1% and is now trading at $7.03.
View which stocks have been most impacted by COVID-19
.

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

Harmonic issued an update on its FY 2021 earnings guidance on Monday, May, 10th. The company provided earnings per share guidance of 0.060-0.240 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.240. The company issued revenue guidance of $435 million-$480 million, compared to the consensus revenue estimate of $453.27 million.

What price target have analysts set for HLIT?

6 brokerages have issued 12-month price targets for Harmonic's shares. Their forecasts range from $6.00 to $11.00. On average, they expect Harmonic's stock price to reach $8.92 in the next year. This suggests a possible upside of 26.8% from the stock's current price.
View analysts' price targets for Harmonic
or view top-rated stocks among Wall Street analysts.

Who are Harmonic's key executives?

Harmonic's management team includes the following people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 56, Pay $1.12M)
  • Mr. Sanjay Kalra, Sr. VP & CFO (Age 48, Pay $569.33k)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 56, Pay $479.14k)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 53, Pay $625.53k)
  • Mr. Jean-Marc Guiot, Sr. VP of Operations & IT
  • Mr. Michael Smiley, Fin. & Investor Relations Mang.
  • Mr. Timothy C. Chu, Gen. Counsel, Sr. VP of HR & Corp. Sec. (Age 48)
  • Ms. Crystele Trevisan-Jallu, Sr. VP of Corp. Marketing & Communications
  • Mr. Ian Graham, Sr. VP of Global Sales & Video Services (Age 60)
  • Mr. Shahar Bar, Sr. VP of Video Products & Corp. Devel.

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

77 employees have rated Harmonic CEO Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among Harmonic's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Harmonic's key competitors?

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), Square (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. (16.42%), Assenagon Asset Management S.A. (1.20%), Systematic Financial Management LP (0.79%), Principal Financial Group Inc. (0.69%), Game Plan Financial Advisors LLC (0.64%) and Cowen Prime Services LLC (0.36%). Company insiders that own Harmonic stock include David Krall, Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends for Harmonic
.

Which major investors are selling Harmonic stock?

HLIT stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., State of Tennessee Treasury Department, Alliancebernstein L.P., State of New Jersey Common Pension Fund D, New York State Teachers Retirement System, Acadian Asset Management LLC, Game Plan Financial Advisors LLC, and State of Alaska Department of Revenue. Company insiders that have sold Harmonic company stock in the last year include Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, and Sanjay Kalra.
View insider buying and selling activity for Harmonic
or view top insider-selling stocks.

Which major investors are buying Harmonic stock?

HLIT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Assenagon Asset Management S.A., GSA Capital Partners LLP, BNP Paribas Arbitrage SA, Principal Financial Group Inc., Everence Capital Management Inc., Russell Investments Group Ltd., and Cowen Prime Services LLC.
View insider buying and selling activity for Harmonic
or or view top insider-buying stocks.

How do I buy shares of Harmonic?

Shares of HLIT 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 $7.03.

How much money does Harmonic make?

Harmonic has a market capitalization of $710.64 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.

How many employees does Harmonic have?

Harmonic employs 837 workers across the globe.

What is Harmonic's official website?

The official website for Harmonic is www.harmonicinc.com.

Where are Harmonic's headquarters?

Harmonic is headquartered at 4300 NORTH FIRST STREET, SAN JOSE CA, 95134.

How can I contact Harmonic?

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]


This page was last updated on 5/12/2021 by MarketBeat.com Staff
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