NASDAQ:HLITHarmonic Stock Price, Forecast & News

Harmonic's stock was trading at $5.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HLIT stock has decreased by 14.3% and is now trading at $4.74. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Harmonic.

Harmonic is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Harmonic.

Harmonic will be holding an earnings conference call on Monday, August 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Harmonic Inc (NASDAQ:HLIT) issued its earnings results on Monday, April, 27th. The communications equipment provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.05. The communications equipment provider earned $78.40 million during the quarter, compared to analyst estimates of $85.02 million. Harmonic had a positive return on equity of 3.34% and a negative net margin of 4.13%. The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. View Harmonic's earnings history.

Harmonic updated its second quarter earnings guidance on Monday, April, 27th. The company provided earnings per share guidance of $(0.18)-(0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. The company issued revenue guidance of $62-77 million, compared to the consensus revenue estimate of $97.24 million.

5 brokerages have issued twelve-month price objectives for Harmonic's shares. Their forecasts range from $6.00 to $9.00. On average, they expect Harmonic's share price to reach $7.45 in the next year. This suggests a possible upside of 57.2% from the stock's current price. View analysts' price targets for Harmonic.

Headlines about HLIT stock have trended positive on Thursday, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Harmonic earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned press coverage about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news about Harmonic.

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT) and Ribbon Communications (RBBN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Coty (COTY), AMC Entertainment (AMC), Intelsat (I), Zynga (ZNGA), Twitter (TWTR), Carnival (CCL), Metlife (MET), Netflix (NFLX), Comcast (CMCSA) and Sirius XM (SIRI).

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

Harmonic's stock is owned by a variety of institutional and retail investors. Top institutional investors include Exchange Traded Concepts LLC (0.06%), 6 Meridian (0.04%) and Canandaigua National Corp (0.01%). Company insiders that own Harmonic stock include Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and Susan Swenson. View institutional ownership trends for Harmonic.

HLIT stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, and Sanjay Kalra. View insider buying and selling activity for Harmonic.

HLIT stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, and Canandaigua National Corp. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of HLIT stock can currently be purchased for approximately $4.74.

Harmonic has a market capitalization of $457.79 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. Harmonic employs 1,172 workers across the globe.

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

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]