NASDAQ:HLIT - Harmonic Stock Price, Forecast & News

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

Harmonic Inc (NASDAQ:HLIT) issued its earnings results on Monday, October, 28th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The communications equipment provider had revenue of $115.73 million for the quarter, compared to analyst estimates of $114.88 million. Harmonic had a positive return on equity of 6.36% and a negative net margin of 2.07%. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Harmonic.

Harmonic updated its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share guidance of $0.03-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $108-118 million, compared to the consensus revenue estimate of $105.76 million.

4 equities research analysts have issued twelve-month price objectives for Harmonic's stock. Their forecasts range from $9.00 to $10.00. On average, they anticipate Harmonic's share price to reach $9.50 in the next year. This suggests a possible upside of 15.7% from the stock's current price. View Analyst Price Targets for Harmonic.

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

Press coverage about HLIT stock has been trending very positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news 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 media sentiment score of 3.4 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Harmonic.

Harmonic saw a decrease in short interest in the month of December. As of December 13th, there was short interest totalling 6,560,000 shares, a decrease of 5.6% from the November 28th total of 6,950,000 shares. Based on an average daily trading volume, of 669,900 shares, the short-interest ratio is currently 9.8 days. Currently, 7.6% of the shares of the stock are short sold. View Harmonic's Current Options Chain.

Some companies that are related to Harmonic include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Plantronics (PLT), Extreme Networks (EXTR) and Comtech Telecomm. (CMTL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Intelsat (I), Zynga (ZNGA), Advanced Micro Devices (AMD), Fossil Group (FOSL), Transocean (RIG), Bank of America (BAC), Twitter (TWTR), Cypress Semiconductor (CY), AMC Entertainment (AMC) and First Data (FDC).

Harmonic's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.03%) and AE Wealth Management LLC (0.01%). Company insiders that own Harmonic stock include Floyd E Kvamme, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman, Sanjay Kalra, Susan Swenson and William F Reddersen. View Institutional Ownership Trends for Harmonic.

HLIT stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have sold Harmonic company stock in the last year include Neven Haltmayer, Nimrod Ben-Natan and Sanjay Kalra. View Insider Buying and Selling for Harmonic.

HLIT stock was acquired by a variety of institutional investors in the last quarter, including AE Wealth Management LLC. 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.

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 $8.21.

Harmonic has a market capitalization of $741.69 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.

The official website for Harmonic is http://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]