NASDAQ:HLIT - Harmonic Stock Price, Forecast & News

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

Harmonic Inc (NASDAQ:HLIT) announced its earnings results on Monday, February, 3rd. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The communications equipment provider earned $122.18 million during the quarter, compared to the consensus estimate of $113.07 million. Harmonic had a positive return on equity of 7.34% and a negative net margin of 1.47%. Harmonic's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. View Harmonic's Earnings History.

Harmonic is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Harmonic.

Harmonic updated its FY20 earnings guidance on Monday, February, 3rd. The company provided earnings per share guidance of $0.00-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $390-430 million, compared to the consensus revenue estimate of $438.82 million.

4 brokerages have issued 12 month target prices for Harmonic's stock. Their forecasts range from $9.00 to $10.00. On average, they anticipate Harmonic's stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 54.7% 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.

News headlines about HLIT stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing 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 five, with scores nearest to five being the most favorable. Harmonic earned a daily sentiment score of -4.0 on InfoTrie's scale. They also assigned media headlines about the communications equipment provider a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near term. View News Stories for Harmonic.

Harmonic saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,970,000 shares, an increase of 5.3% from the January 15th total of 6,620,000 shares. Based on an average trading volume of 676,500 shares, the days-to-cover ratio is presently 10.3 days. Approximately 8.0% of the shares of the company are sold short. 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), Comtech Telecomm. (CMTL), Extreme Networks (EXTR) and NetGear (NTGR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Zynga (ZNGA), AMC Entertainment (AMC), Twitter (TWTR), Sirius XM (SIRI), Intelsat (I), Metlife (MET), DISH Network (DISH), Brighthouse Financial (BHF), Comcast (CMCSA) and Glu Mobile (GLUU).

Harmonic's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (2.79%), Divisar Capital Management LLC (2.25%), Geode Capital Management LLC (1.36%), Bank of New York Mellon Corp (1.22%), Kennedy Capital Management Inc. (0.84%) and Cooper Creek Partners Management LLC (0.82%). 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 Divisar Capital Management LLC, Renaissance Technologies LLC, Jacobs Levy Equity Management Inc., Oxford Asset Management LLP, New York State Common Retirement Fund, Arizona State Retirement System, Stifel Financial Corp and Millrace Asset Group Inc.. 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 for Harmonic.

HLIT stock was acquired by a variety of institutional investors in the last quarter, including Game Plan Financial Advisors LLC, Knights of Columbus Asset Advisors LLC, Cooper Creek Partners Management LLC, AXA, Rice Hall James & Associates LLC, Kennedy Capital Management Inc., Algert Global LLC and SG Americas Securities 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 $6.14.

Harmonic has a market capitalization of $554.71 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 1,162 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]