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. Since then, HLIT stock has 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) posted its quarterly earnings results on Monday, April, 27th. The communications equipment provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.05. The communications equipment provider earned $78.40 million during 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 business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. View Harmonic's earnings history.

Harmonic issued an update on 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 analysts have issued 1 year price targets for Harmonic's stock. Their forecasts range from $6.00 to $9.00. On average, they expect Harmonic's share 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.

Press coverage about HLIT stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Harmonic earned a coverage optimism score of -1.2 on InfoTrie's scale. They also gave media coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. 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 many different 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]