Harmonic 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:HLIT
Previous Symbol
CUSIP41316010
Phone408-542-2500
Debt
Debt-to-Equity Ratio0.57
Current Ratio1.36
Quick Ratio1.19
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 / Sales1.31
Cash FlowN/A
Price / Cash FlowN/A
Book Value$2.68 per share
Price / Book2.03
Profitability
EPS (Most Recent Fiscal Year)($0.54)
Net Income$-82,950,000.00
Net Margins-9.26%
Return on Equity-5.97%
Return on Assets-2.60%
Miscellaneous
Employees1,244
Outstanding Shares86,700,000
Market Cap$465.57 million
OptionableOptionable
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) released its quarterly earnings data on Monday, October, 29th. The communications equipment provider reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The communications equipment provider had revenue of $101.40 million for the quarter, compared to analyst estimates of $99.46 million. Harmonic had a negative return on equity of 5.97% and a negative net margin of 9.26%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. View Harmonic's Earnings History.
When is Harmonic's next earnings date?
What guidance has Harmonic issued on next quarter's earnings?
Harmonic issued an update on its FY 2018 earnings guidance on Monday, October, 29th. The company provided earnings per share guidance of $0.09-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.10. The company issued revenue guidance of $396-409 million, compared to the consensus revenue estimate of $401.7 million.Harmonic also updated its Q4 2018 guidance to $0.01-0.07 EPS.
What price target have analysts set for HLIT?
3 brokers have issued 12-month target prices for Harmonic's stock. Their forecasts range from $7.00 to $8.25. On average, they anticipate Harmonic's stock price to reach $7.6250 in the next twelve months. This suggests a possible upside of 40.4% from the stock's current price. View Analyst Price Targets for Harmonic.
What is the consensus analysts' recommendation for Harmonic?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.
Has Harmonic been receiving favorable news coverage?
News stories about HLIT stock have been trending neutral this week, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harmonic earned a daily sentiment score of 0.3 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the near future.
Who are some of Harmonic's key competitors?
Some companies that are related to Harmonic include Mitel Networks (MITL), Casa Systems (CASA), Loral Space & Communications Ltd. (LORL), Maxar Technologies (MAXR), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), CalAmp (CAMP), Ceragon Networks (CRNT), KVH Industries (KVHI), Energous (WATT), Vuzix (VUZI), Airgain (AIRG), Pointer Telocation (PNTR) and Aviat Networks (AVNW).
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. Timothy C. Chu, Gen. Counsel, Sr. VP of HR & Corp. Sec. (Age 45)
Who are Harmonic's major shareholders?
Harmonic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.10%), Dimensional Fund Advisors LP (7.41%), Raging Capital Management LLC (7.39%), Vanguard Group Inc. (6.02%), Divisar Capital Management LLC (3.87%) and Royce & Associates LP (2.07%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Harold L Covert, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra and William F Reddersen. View Institutional Ownership Trends for Harmonic.
Which institutional investors are selling Harmonic stock?
HLIT stock was sold by a variety of institutional investors in the last quarter, including Raging Capital Management LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., Dynamic Technology Lab Private Ltd, Dimensional Fund Advisors LP, Pinnacle Associates Ltd. and Divisar Capital Management LLC. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer, Patrick Harshman and Sanjay Kalra. View Insider Buying and Selling for Harmonic.
Which institutional investors are buying Harmonic stock?
HLIT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Manatuck Hill Partners LLC, Marathon Capital Management, Renaissance Technologies LLC, Vanguard Group Inc., Morgan Stanley, Algert Global LLC and Royce & Associates LP. Company insiders that have bought Harmonic stock in the last two years include Floyd E Kvamme 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 $5.43.
How big of a company is Harmonic?
Harmonic has a market capitalization of $465.57 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.
What is Harmonic's official website?
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 (NASDAQ HLIT)
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.
