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 Access.
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Industry, Sector and Symbol
Industry Radio & t.v. communications equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone408-542-2500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$403.56 million
Profitability
Miscellaneous
Employees1,162
Next Earnings Date11/4/2019 (Estimated)
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) announced its quarterly earnings results on Monday, July, 29th. The communications equipment provider reported ($0.07) EPS for the quarter, beating the Zacks' consensus estimate of ($0.10) by $0.03. The communications equipment provider had revenue of $84.87 million for the quarter, compared to analyst estimates of $85.07 million. Harmonic had a negative return on equity of 3.72% and a negative net margin of 7.27%. The business's revenue for the quarter was down 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.05 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 updated its FY19 earnings guidance on Monday, July, 29th. The company provided EPS guidance of $0.07-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06. The company issued revenue guidance of $375-395 million, compared to the consensus revenue estimate of $402.80 million.
What price target have analysts set for HLIT?
5 Wall Street analysts have issued 12-month price objectives for Harmonic's shares. Their forecasts range from $8.25 to $10.00. On average, they anticipate Harmonic's stock price to reach $9.3125 in the next year. This suggests a possible upside of 35.2% from the stock's current price. View Analyst Price Targets for Harmonic.
What is the consensus analysts' recommendation for Harmonic?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harmonic.
What are Wall Street analysts saying about Harmonic stock?
Here are some recent quotes from research analysts about Harmonic stock:
- 1. According to Zacks Investment Research, "Harmonic Inc. enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally.The company has also revolutionized cable access networking via the industry's first virtualized CCAP solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software-as-a-service (SaaS) technologies, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and VOD content on every screen. " (9/11/2019)
- 2. Northland Securities analysts commented, "We believe associated hardware/node revenue could add substantially to this amount, and increase our PT to $8.50 given this validation of HLIT’s leadership in next gen cable access. Key Points Historically we have used a rule of thumb metric for Cable Access deployments of roughly 2X low margin Remote PHY node revenue to 1X high margin network core/software revenue. Applying this to the roughly $40M in annual software license revenue from Comcast specified in the filing for the 2020-2022 time period, with $50M to be recognized in CY19 yields a total annual revenue contribution from $120M range, about in line with the $100M estimated going back to the original 2016 agreement . The agreement also included the issuance of 7.8M in warrants to $4.76 strike, all of which are deemed to be vested currently according to the filing." (7/10/2019)
Has Harmonic been receiving favorable news coverage?
News articles about HLIT stock have been trending negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Harmonic earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned news coverage about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Harmonic.
Who are some of Harmonic's key competitors?
Some companies that are related to Harmonic include Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Casa Systems (CASA), Maxar Technologies (MAXR), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), Cambium Networks (CMBM), Ceragon Networks (CRNT), KVH Industries (KVHI), PC Tel (PCTI), Airgain (AIRG), Energous (WATT), Pointer Telocation (PNTR) and SeaChange International (SEAC).
What other stocks do shareholders of Harmonic own?
Who are Harmonic's key executives?
Harmonic's management team includes the folowing people:
- Dr. Patrick J. Harshman, Pres, CEO & Director (Age 54)
- Mr. Sanjay Kalra, Sr. VP, CFO & Principal Accounting Officer (Age 46)
- Mr. Neven Haltmayer, Sr. VP of R&D - Video Bus. (Age 54)
- Mr. Nimrod Ben-Natan, Sr. VP & GM of Cable Access Bus. (Age 51)
- Mr. Timothy C. Chu, Gen. Counsel, Sr. VP of HR & Corp. Sec. (Age 46)
Who are Harmonic's major shareholders?
Harmonic's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (17.38%), BlackRock Inc. (14.78%), Scopia Capital Management LP (6.80%), Vanguard Group Inc. (6.26%), Raging Capital Management LLC (2.84%) and Northern Trust Corp (1.20%). Company insiders that own Harmonic stock include Bart Spriester, Floyd E Kvamme, Neven Haltmayer, Patrick Harshman, Sanjay Kalra, Susan Swenson and William F Reddersen. View Institutional Ownership Trends for Harmonic.
Which major 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, Price T Rowe Associates Inc. MD, Parametric Portfolio Associates LLC, AXA, Russell Investments Group Ltd., SG Americas Securities LLC and Grantham Mayo Van Otterloo & Co. LLC. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer and Susan Swenson. View Insider Buying and Selling for Harmonic.
Which major investors are buying Harmonic stock?
HLIT stock was acquired by a variety of institutional investors in the last quarter, including Scopia Capital Management LP, Nuveen Asset Management LLC, BlackRock Inc., Invesco Ltd., Victory Capital Management Inc., RMB Capital Management LLC, Ancora Advisors LLC and Jacobs Levy Equity Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.
What is Harmonic's stock price today?
One share of HLIT stock can currently be purchased for approximately $6.89.
How big of a company is Harmonic?
Harmonic has a market capitalization of $617.41 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.View Additional Information About Harmonic.
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.
