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

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

Harmonic Inc (NASDAQ:HLIT) posted its quarterly earnings results on Monday, April, 30th. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.05. The communications equipment provider had revenue of $90.10 million for the quarter, compared to the consensus estimate of $88.36 million. Harmonic had a negative return on equity of 14.52% and a negative net margin of 19.87%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS. View Harmonic's Earnings History.

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

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.

4 brokerages have issued 1 year target prices for Harmonic's stock. Their predictions range from $3.50 to $6.50. On average, they anticipate Harmonic's stock price to reach $5.3333 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price. View Analyst Ratings for Harmonic.

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

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

Press coverage about HLIT stock has trended somewhat positive on Monday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harmonic earned a news sentiment score of 0.16 on Accern's scale. They also assigned headlines about the communications equipment provider an impact score of 43.72 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

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 $4.35.

Harmonic has a market capitalization of $374.95 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.

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]