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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NASDAQ:HLIT

Harmonic (HLIT) Stock Price, News & Analysis

$13.44
-0.08 (-0.59%)
(As of 03/28/2024 ET)
Today's Range
$13.35
$13.60
50-Day Range
$11.18
$14.05
52-Week Range
$8.80
$18.43
Volume
979,053 shs
Average Volume
1.87 million shs
Market Capitalization
$1.50 billion
P/E Ratio
18.93
Dividend Yield
N/A
Price Target
$17.20

Harmonic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
28.0% Upside
$17.20 Price Target
Short Interest
Bearish
7.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.46mentions of Harmonic in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.92 M Sold Last Quarter
Proj. Earnings Growth
125.71%
From $0.35 to $0.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.95 out of 5 stars

Computer And Technology Sector

164th out of 589 stocks

Radio & T.V. Communications Equipment Industry

6th out of 22 stocks

HLIT stock logo

About Harmonic Stock (NASDAQ:HLIT)

Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.

HLIT Stock Price History

HLIT Stock News Headlines

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Recap: Third Harmonic Bio Q4 Earnings
Returns Are Gaining Momentum At Harmonic (NASDAQ:HLIT)
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Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
3 Telecom Stocks to Invest in Right Now
Millicom Accelerates Fiber Deployments with Harmonic
HLIT Mar 2024 7.500 put
Harmonic Analysts Cut Their Forecasts After Q4 Results
Breaking Down Harmonic: 5 Analysts Share Their Views
Recap: Harmonic Q4 Earnings
Harmonic Announces Fourth Quarter and Fiscal 2023 Results
Harmonic: Upcoming Report Worthwhile To Be Bullish On
See More Headlines
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Company Calendar

Last Earnings
1/29/2024
Today
3/28/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
CUSIP
41316010
Employees
1,359
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.20
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+28.0%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$83.99 million
Pretax Margin
3.15%

Debt

Sales & Book Value

Annual Sales
$607.91 million
Cash Flow
$0.27 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
109,447,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
0.84

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Key Executives


HLIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Harmonic stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Harmonic in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" HLIT shares.
View HLIT analyst ratings
or view top-rated stocks.

What is Harmonic's stock price target for 2024?

5 Wall Street analysts have issued twelve-month target prices for Harmonic's stock. Their HLIT share price targets range from $14.00 to $20.00. On average, they anticipate the company's share price to reach $17.20 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
View analysts price targets for HLIT
or view top-rated stocks among Wall Street analysts.

How have HLIT shares performed in 2024?

Harmonic's stock was trading at $13.04 at the start of the year. Since then, HLIT shares have increased by 3.1% and is now trading at $13.44.
View the best growth stocks for 2024 here
.

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our HLIT earnings forecast
.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) announced its quarterly earnings data on Monday, January, 29th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. The communications equipment provider had revenue of $167.10 million for the quarter, compared to analysts' expectations of $158.98 million. Harmonic had a net margin of 13.82% and a trailing twelve-month return on equity of 4.71%. Harmonic's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS.

What guidance has Harmonic issued on next quarter's earnings?

Harmonic issued an update on its FY 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share guidance of 0.490-0.720 for the period, compared to the consensus EPS estimate of 0.730. The company issued revenue guidance of $655.0 million-$710.0 million, compared to the consensus revenue estimate of $744.1 million.

What is Patrick J. Harshman's approval rating as Harmonic's CEO?

100 employees have rated Harmonic Chief Executive Officer Patrick J. Harshman on Glassdoor.com. Patrick J. Harshman has an approval rating of 46% among the company's employees. This puts Patrick J. Harshman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at Harmonic to a friend.

What other stocks do shareholders of Harmonic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Harmonic investors own include Coty (COTY), Intelsat (I), Advanced Micro Devices (AMD), Energy Transfer (ET), Zynga (ZNGA), American Eagle Outfitters (AEO), Cloudera (CLDR), Designer Brands (DBI), Block (SQ) and Twitter (TWTR).

Who are Harmonic's major shareholders?

Harmonic's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.63%), Vanguard Group Inc. (8.66%), Wellington Management Group LLP (7.86%), Trigran Investments Inc. (7.63%), Dimensional Fund Advisors LP (3.02%) and Nuveen Asset Management LLC (1.88%). Insiders that own company stock include Ian Graham, Neven Haltmayer, Nimrod Ben-Natan, Patrick Harshman and Sanjay Kalra.
View institutional ownership trends
.

How do I buy shares of Harmonic?

Shares of HLIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HLIT) was last updated on 3/29/2024 by MarketBeat.com Staff

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