NASDAQ:HLIT - Harmonic Stock Price, News, & Analysis

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

Harmonic Inc (NASDAQ:HLIT) released its quarterly earnings data on Monday, February, 4th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The communications equipment provider had revenue of $113.60 million for the quarter, compared to analysts' expectations of $113.13 million. Harmonic had a negative return on equity of 0.08% and a negative net margin of 5.21%. The firm's quarterly revenue was up 12.4% on a year-over-year basis. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Harmonic.

Harmonic issued an update on its FY 2019 earnings guidance on Monday, February, 4th. The company provided earnings per share (EPS) guidance of $-0.54-0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $390-440 million, compared to the consensus revenue estimate of $450.08 million.Harmonic also updated its Q1 2019 guidance to $-0.2--0.09 EPS.

5 analysts have issued 1-year price targets for Harmonic's stock. Their forecasts range from $7.00 to $8.25. On average, they anticipate Harmonic's share price to reach $7.3125 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price. View Analyst Price Targets for Harmonic.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.

Headlines about HLIT stock have been trending somewhat positive on Friday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Harmonic earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.

Some companies that are related to Harmonic include Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), Gilat Satellite Networks (GILT), CalAmp (CAMP), Sierra Wireless (SWIR), Ceragon Networks (CRNT), Maxar Technologies (MAXR), KVH Industries (KVHI), Energous (WATT), Airgain (AIRG), Pointer Telocation (PNTR), PC Tel (PCTI) and Aviat Networks (AVNW).

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Intelsat (I), Zynga (ZNGA), Advanced Micro Devices (AMD), Fossil Group (FOSL), First Data (FDC), Transocean (RIG), Twitter (TWTR), Cypress Semiconductor (CY), AMC Entertainment (AMC) and Bank of America (BAC).

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.

One share of HLIT stock can currently be purchased for approximately $5.66.

Harmonic has a market capitalization of $501.92 million and generates $403.56 million in revenue each year. The communications equipment provider earns $-21,030,000.00 in net income (profit) each year or $0.03 on an earnings per share basis. Harmonic employs 1,162 workers across the globe.

The official website for Harmonic is http://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]