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 (WHO). Since then, HLIT shares have decreased by 13.6% and is now trading at $4.78. 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 Inc (NASDAQ:HLIT) released its quarterly earnings results on Monday, April, 27th. The communications equipment provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.05. The communications equipment provider had revenue of $78.40 million for the quarter, compared to the consensus estimate of $85.02 million. Harmonic had a negative net margin of 4.13% and a positive return on equity of 3.34%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS. View Harmonic's earnings history.

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

5 brokers have issued 1-year target prices for Harmonic's shares. Their forecasts range from $6.00 to $9.00. On average, they expect Harmonic's stock price to reach $7.45 in the next twelve months. This suggests a possible upside of 55.9% from the stock's current price. View analysts' price targets for Harmonic.

News stories about HLIT stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harmonic earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. 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 retail and institutional investors. Top institutional investors include 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 bought by a variety of institutional investors in the last quarter, including 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 $4.78.

Harmonic has a market capitalization of $461.65 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]