About Harmonic (NASDAQ:HLIT)
Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. Its Cable Edge business sells cable edge solutions and related services to cable operators around the world. The Video segment offers a range of products and solutions, as well as software-based media processing platforms. The Company's Narrowcast Services Gateway (NSG) products are integrated edge gateway products that integrate routing, multiplexing, scrambling and modulation into a single package for the delivery of narrowcast services to subscribers over cable networks.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Communications & Networking
- Sub-Industry: Communications Equipment
- Symbol: NASDAQ:HLIT
- CUSIP: 41316010
- Web: www.harmonicinc.com
- Market Cap: $237.72 million
- Outstanding Shares: 81,272,000
- 50 Day Moving Avg: $3.05
- 200 Day Moving Avg: $4.39
- 52 Week Range: $2.80 - $6.18
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -12.72
- P/E Growth: -0.200
- Annual Revenue: $379.77 million
- Price / Sales: 0.63
- Book Value: $2.82 per share
- Price / Book: 1.04
- EBITDA: ($18,460,000.00)
- Net Margins: -21.58%
- Return on Equity: -13.22%
- Return on Assets: -6.31%
- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 1.19%
- Quick Ratio: 0.95%
- Average Volume: 654,483 shs.
- Beta: 0.95
- Short Ratio: 14.54
Frequently Asked Questions for Harmonic (NASDAQ:HLIT)
What is Harmonic's stock symbol?
Harmonic trades on the NASDAQ under the ticker symbol "HLIT."
How were Harmonic's earnings last quarter?
Harmonic Inc. (NASDAQ:HLIT) posted its quarterly earnings data on Monday, July, 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.24) by $0.02. The company had revenue of $82.30 million for the quarter, compared to analysts' expectations of $80.88 million. Harmonic had a negative return on equity of 13.22% and a negative net margin of 21.58%. Harmonic's revenue was down 24.9% on a year-over-year basis. View Harmonic's Earnings History.
When will Harmonic make its next earnings announcement?
What guidance has Harmonic issued on next quarter's earnings?
Harmonic issued an update on its third quarter earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of (0.03)-(0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of 80-90 million, compared to the consensus revenue estimate of $92.83 million.Harmonic also updated its FY17 guidance to (0.50)-(0.33) EPS.
Where is Harmonic's stock going? Where will Harmonic's stock price be in 2017?
4 equities research analysts have issued 12-month price targets for Harmonic's stock. Their predictions range from $3.50 to $7.00. On average, they anticipate Harmonic's share price to reach $5.63 in the next twelve months. View Analyst Ratings for Harmonic.
Who are some of Harmonic's key competitors?
Some companies that are related to Harmonic include Gilat Satellite Networks (GILT), Sonus Networks (SONS), Calix (CALX), Digi International (DGII), AudioCodes (AUDC), EMCORE Corporation (EMKR), Aerohive Networks (HIVE), Ooma (OOMA), Clearfield (CLFD), CityFibre Infrastructure Holdings PLC (CITY), UTStarcom Holdings Corp (UTSI), TESSCO Technologies Incorporated (TESS), Airgain (AIRG), BATM Advanced Communications Ltd (BVC), SRT Marine Systems PLC (SRT), Communications Systems (JCS), Lantronix (LTRX) and Trakm8 Holdings PLC (TRAK).
Who are Harmonic's key executives?
Harmonic's management team includes the folowing people:
- Patrick T. Gallagher, Independent Chairman of the Board
- Patrick J. Harshman, President, Chief Executive Officer, Director
- Sanjay Kalra, Chief Financial Officer, Principal Financial and Accounting Officer
- Nimrod Ben-Natan, Senior Vice President, General Manager, Cable Products
- Bart Spriester, Senior Vice President, Video Products
- Tom Lookabaugh Ph.D., Director
- E. Floyd Kvamme, Independent Director
- Mitzi Reaugh, Independent Director
- William F. Reddersen, Independent Director
- Susan G. Swenson, Independent Director
How do I buy Harmonic stock?
Shares of Harmonic can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Harmonic's stock price today?
MarketBeat Community Rating for Harmonic (NASDAQ HLIT)MarketBeat's community ratings are surveys of what our community members think about Harmonic and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Harmonic stock can currently be purchased for approximately $2.93.
Consensus Ratings for Harmonic (NASDAQ:HLIT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$5.63 (92.31% upside)|Consensus Price Target History for Harmonic (NASDAQ:HLIT)
Analysts' Ratings History for Harmonic (NASDAQ:HLIT)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||Northland Securities||Set Price Target||Buy||$6.00||N/A|
|9/10/2017||Jefferies Group LLC||Reiterated Rating||Hold||$3.50||Medium|
|3/14/2017||Drexel Hamilton||Downgrade||Buy -> Hold||High|
|12/6/2016||Dougherty & Co||Initiated Coverage||Buy||$7.00||N/A|
Earnings History for Harmonic (NASDAQ:HLIT)Earnings History by Quarter for Harmonic (NASDAQ HLIT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||Q2 2017||($0.24)||($0.22)||$80.88 million||$82.30 million||View||N/A|
|5/1/2017||Q1 2017||($0.05)||($0.14)||$92.62 million||$82.90 million||View||Listen|
|2/28/2017||Q416||$0.06||$0.08||$108.10 million||$113.10 million||View||Listen|
|11/9/2016||Q316||$0.03||($0.01)||$107.24 million||$101.40 million||View||Listen|
|5/10/2016||Q116||($0.03)||($0.11)||$83.98 million||$82.50 million||View||Listen|
|2/16/2016||Q4||($0.01)||$0.01||$83.92 million||$86.60 million||View||Listen|
|7/27/2015||Q215||$0.04||$0.05||$103.63 million||$103.10 million||View||Listen|
|4/28/2015||Q115||$0.04||$0.05||$239.22 million||$104.00 million||View||Listen|
|1/29/2015||Q414||$0.03||$0.06||$102.57 million||$107.90 million||View||Listen|
|10/28/2014||Q314||$0.04||$0.06||$108.90 million||$108.10 million||View||Listen|
|7/28/2014||Q214||$0.02||$0.02||$115.23 million||$109.60 million||View||N/A|
|4/22/2014||Q1||($0.01)||$0.03||$111.72 million||$108.00 million||View||Listen|
|1/28/2014||Q413||$0.07||$0.08||$121.14 million||$120.20 million||View||Listen|
|10/28/2013||Q313||$0.05||$0.07||$119.24 million||$122.92 million||View||Listen|
|7/23/2013||Q2 2013||$0.02||$0.05||$109.28 million||$117.10 million||View||Listen|
|4/23/2013||Q1 2013||$0.01||($0.02)||$118.29 million||$101.70 million||View||Listen|
|1/29/2013||Q4 2012||$0.08||$0.09||$137.54 million||$133.42 million||View||Listen|
Earnings Estimates for Harmonic (NASDAQ:HLIT)
2017 EPS Consensus Estimate: $0.02
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Harmonic (NASDAQ:HLIT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Harmonic (NASDAQ:HLIT)
Insider Ownership Percentage: 4.27%Insider Trades by Quarter for Harmonic (NASDAQ:HLIT)
Institutional Ownership Percentage: 99.08%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/16/2017||Bart Spriester||SVP||Sell||2,739||$3.47||$9,504.33|| |
|8/16/2017||Patrick Harshman||Insider||Sell||7,979||$3.47||$27,687.13|| |
|5/17/2017||Harold L Covert||CFO||Sell||1,679||$5.00||$8,395.00|| |
|5/11/2017||Harold L. Covert||CFO||Sell||13,172||$5.14||$67,704.08|| |
|3/9/2017||Neven Haltmayer||Insider||Sell||28,000||$5.91||$165,480.00|| |
|3/9/2017||Nimrod Ben-Natan||SVP||Sell||19,000||$5.90||$112,100.00|| |
|3/3/2017||Harold L Covert||CFO||Sell||136,709||$5.72||$781,975.48|| |
|3/2/2017||Bart Spriester||SVP||Sell||15,522||$5.85||$90,803.70|| |
|11/15/2016||Nikos Theodosopoulos||Director||Buy||25,000||$4.75||$118,750.00|| |
|3/7/2016||Patrick Gallagher||Director||Buy||5,000||$3.24||$16,200.00|| |
|2/18/2016||Floyd E Kvamme||Director||Buy||25,000||$3.25||$81,250.00|| |
|12/15/2015||Patrick Harshman||CEO||Buy||10,000||$4.29||$42,900.00|| |
|12/11/2015||Patrick Harshman||CEO||Buy||10,000||$4.32||$43,200.00|| |
|12/11/2015||William F Reddersen||Director||Buy||1,828||$4.30||$7,860.40|| |
|2/18/2015||Nimrod Ben-Natan||SVP||Sell||26,250||$7.86||$206,325.00|| |
|2/17/2015||Patrick Gallagher||Director||Sell||9,717||$7.88||$76,569.96|| |
|2/10/2015||Carolyn V Aver||CFO||Sell||48,512||$7.75||$375,968.00|| |
|2/10/2015||William F Reddersen||Director||Sell||8,319||$7.70||$64,056.30|| |
|2/4/2015||Charles Bonasera||SVP||Sell||15,662||$7.78||$121,850.36|| |
|2/4/2015||Neven Haltmayer||VP||Sell||156,000||$7.68||$1,198,080.00|| |
|2/3/2015||Charles Bonasera||SVP||Sell||30,197||$7.74||$233,724.78|| |
|2/3/2015||Neven Haltmayer||VP||Sell||30,000||$7.74||$232,200.00|| |
|2/2/2015||Neven Haltmayer||VP||Sell||116,000||$7.66||$888,560.00|| |
|12/12/2014||Carolyn V Aver||CFO||Sell||50,000||$6.97||$348,500.00|| |
|12/9/2014||Harold L Covert||Director||Sell||35,000||$7.00||$245,000.00|| |
|8/1/2014||Patrick Harshman||CEO||Buy||10,000||$5.97||$59,700.00|| |
|7/30/2014||George Stromeyer||SVP||Buy||10,000||$5.98||$59,800.00|| |
|6/12/2014||Neven Haltmayer||VP||Sell||25,750||$7.55||$194,412.50|| |
|6/10/2014||Charles Bonasera||SVP||Sell||14,413||$7.68||$110,691.84|| |
|4/24/2014||William Reddersen||Director||Sell||18,662||$7.24||$135,112.88|| |
|8/16/2013||Charles Bonasera||VP||Sell||7,336||$7.70||$56,487.20|| |
|8/2/2013||Charles Bonasera||VP||Sell||12,664||$7.81||$98,905.84|| |
|7/25/2013||Charles Bonasera||VP||Sell||20,000||$7.60||$152,000.00|| |
|7/25/2013||William F Reddersen||Director||Buy||2,070||$7.66||$15,856.20|| |
Headline Trends for Harmonic (NASDAQ:HLIT)
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Harmonic (HLIT) Chart for Sunday, October, 22, 2017