NASDAQ:HLIT - Harmonic Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$4.45 -0.03 (-0.67 %)
(As of 06/19/2018 06:39 AM ET)
Previous Close$4.45
Today's Range$4.30 - $4.45
52-Week Range$2.80 - $5.50
Volume632,400 shs
Average Volume478,962 shs
Market Capitalization$379.21 million
P/E RatioN/A
Dividend YieldN/A
Beta0.8
Harmonic logoHarmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Edge. The Video segment sells video processing, and production and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media companies, including streaming new media companies. This segment's video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and distribution encoders, contribution encoders, multiscreen transcoders and stream processing systems, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Edge segment offers cable edge solutions and related services, including CableOS software-based converged cable access platform 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, system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was founded in 1988 and is headquartered in San Jose, California.

Receive HLIT News and Ratings via Email

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

Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNASDAQ:HLIT
CUSIP41316010
Phone408-542-2500

Debt

Debt-to-Equity Ratio0.56
Current Ratio1.28
Quick Ratio1.10

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$358.25 million
Price / Sales1.06
Cash FlowN/A
Price / CashN/A
Book Value$2.68 per share
Price / Book1.66

Profitability

EPS (Most Recent Fiscal Year)($0.54)
Net Income$-82,950,000.00
Net Margins-19.87%
Return on Equity-14.52%
Return on Assets-6.34%

Miscellaneous

Employees1,244
Outstanding Shares85,220,000

Harmonic (NASDAQ:HLIT) Frequently Asked Questions

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, April, 30th. The communications equipment provider reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.05. The communications equipment provider had revenue of $90.10 million for the quarter, compared to analysts' expectations of $88.36 million. Harmonic had a negative return on equity of 14.52% and a negative net margin of 19.87%. The business's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. View Harmonic's Earnings History.

When is Harmonic's next earnings date?

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for Harmonic.

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

Harmonic updated its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share guidance of ($0.22)-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $375-425 million, compared to the consensus revenue estimate of $406.97 million.Harmonic also updated its Q2 guidance to ($0.07)-0.02 EPS.

What price target have analysts set for HLIT?

4 Wall Street analysts have issued 12-month target prices for Harmonic's shares. Their predictions range from $3.50 to $6.50. On average, they anticipate Harmonic's stock price to reach $5.3333 in the next year. View Analyst Ratings for Harmonic.

Who are some of Harmonic's key competitors?

Who are Harmonic's key executives?

Harmonic's management team includes the folowing people:
  • Dr. Patrick J. Harshman, Pres, CEO & Director (Age 53)
  • Mr. Sanjay Kalra, Sr. VP, CFO & Principal Accounting Officer (Age 45)
  • Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 53)
  • Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 50)
  • Mr. Blair King, Director of Investor Relations

Has Harmonic been receiving favorable news coverage?

Media headlines about HLIT stock have been trending positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harmonic earned a daily sentiment score of 0.41 on Accern's scale. They also gave press coverage about the communications equipment provider an impact score of 47.43 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are Harmonic's major shareholders?

Harmonic's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.46%), Dimensional Fund Advisors LP (7.38%), Epoch Investment Partners Inc. (5.68%), Polar Asset Management Partners Inc. (2.27%), Schwab Charles Investment Management Inc. (1.38%) and Principal Financial Group Inc. (0.76%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nikos Theodosopoulos, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and William F Reddersen. 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 JPMorgan Chase & Co., California Public Employees Retirement System and BNP Paribas Arbitrage SA. Company insiders that have sold Harmonic company stock in the last year include Bart Spriester, Neven Haltmayer, Patrick Harshman and Sanjay Kalra. View Insider Buying and Selling for Harmonic.

Which major investors are buying Harmonic stock?

HLIT stock was acquired by a variety of institutional investors in the last quarter, including Polar Asset Management Partners Inc., Schwab Charles Investment Management Inc., BlackRock Inc., Epoch Investment Partners Inc., Dimensional Fund Advisors LP, Spark Investment Management LLC, Principal Financial Group Inc. and Principal Financial Group Inc.. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme, Nikos Theodosopoulos and William F Reddersen. View Insider Buying and Selling for Harmonic.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Harmonic's stock price today?

One share of HLIT stock can currently be purchased for approximately $4.45.

How big of a company is Harmonic?

Harmonic has a market capitalization of $379.21 million and generates $358.25 million in revenue each year. The communications equipment provider earns $-82,950,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. Harmonic employs 1,244 workers across the globe.

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]


MarketBeat Community Rating for Harmonic (HLIT)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  136 (Vote Outperform)
Underperform Votes:  248 (Vote Underperform)
Total Votes:  384
MarketBeat's community ratings are surveys of what our community members think about Harmonic and other stocks. Vote "Outperform" if you believe HLIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HLIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/19/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.