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 twelve months. 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 analysts have issued 12 month price targets for Harmonic's shares. Their HLIT share price targets range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $17.20 in the next twelve months. This suggests a possible upside of 72.2% 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 on January 1st, 2024. Since then, HLIT stock has decreased by 23.4% and is now trading at $9.99. View the best growth stocks for 2024 here .

Are investors shorting Harmonic?

Harmonic saw a increase in short interest in March. As of March 31st, there was short interest totaling 8,360,000 shares, an increase of 8.7% from the March 15th total of 7,690,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is presently 4.7 days. Approximately 7.7% of the shares of the stock are sold short. View Harmonic's Short Interest .

When is Harmonic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our HLIT earnings forecast .

How can I listen to Harmonic's earnings call?

Harmonic will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

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%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share.

What ETFs hold Harmonic's stock?

ETFs with the largest weight of Harmonic (NASDAQ:HLIT) stock in their portfolio include SPDR S&P Telecom ETF (XTL) , iShares U.S. Digital Infrastructure and Real Estate ETF (IGN) , Invesco S&P SmallCap Information Technology ETF (PSCT) and Syntax Stratified SmallCap ETF (SSLY) . SPDR S&P 600 Small Cap ETF (SLY) .

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

Harmonic issued an update on its first quarter 2024 earnings guidance on Monday, April, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $121.0 million-$123.0 million, compared to the consensus revenue estimate of $122.1 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 variety of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (1.21%), Silverberg Bernstein Capital Management LLC (0.71%) and Game Plan Financial Advisors LLC (0.05%). 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 .

NASDAQ:HLIT

Harmonic (HLIT) Stock Price, News & Analysis

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$9.99

-0.04 (-0.40%)

(As of 04/18/2024 ET)

Compare

Today's Range: $9.93
▼
$10.12
50-Day Range: $9.99
▼
$14.05
52-Week Range: $8.80
▼
$18.43

Volume: 1.71 million shs
Average Volume: 1.83 million shs
Market Capitalization: $1.12 billion

P/E Ratio: 14.07
Dividend Yield: N/A
Price Target: $17.20

Get Harmonic alerts:

Harmonic MarketRank™ Stock Analysis

Analyst Rating: Buy
3.20 Rating Score
Upside/Downside: 72.2% Upside
$17.20 Price Target
Short Interest: Bearish
7.68% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.06
Based on 6 Articles This Week
Insider Trading: Selling Shares
$1.92 M Sold Last Quarter
Proj. Earnings Growth: 125.00%
From $0.32 to $0.72 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.

3.68 out of 5 stars

Computer And Technology Sector

212th out of 582 stocks

Radio & T.V. Communications Equipment Industry

7th out of 19 stocks

3.6

Analyst's Opinion

Consensus Rating
Harmonic has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Harmonic has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.68% of the float of Harmonic has been sold short.
Short Interest Ratio / Days to Cover
Harmonic has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in Harmonic has recently increased by 8.71%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Harmonic does not currently pay a dividend.
Dividend Growth
Harmonic does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HLIT.

3.4

News and Social Media Coverage

News Sentiment
Harmonic has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Harmonic this week, compared to 4 articles on an average week.
Search Interest
8 people have searched for HLIT on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Harmonic to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Harmonic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,917,122.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Harmonic is held by insiders.
Percentage Held by Institutions
99.38% of the stock of Harmonic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Harmonic are expected to grow by 125.00% in the coming year, from $0.32 to $0.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Harmonic is 14.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Harmonic is 14.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 214.03.
Price to Book Value per Share Ratio
Harmonic has a P/B Ratio of 2.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

HLIT Stock News Headlines

April 18, 2024 | americanbankingnews.com

Harmonic's (HLIT) "Buy" Rating Reaffirmed at Needham & Company LLC

April 15, 2024 | finance.yahoo.com

Harmonic Announces Reporting Date for First Quarter 2024 Results

April 19, 2024 | DTI (Ad)

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April 12, 2024 | prnewswire.com

Harmonic VOS Media Software Achieves CNF Certification on Red Hat OpenShift

April 11, 2024 | prnewswire.com

Filmocentro Enhances Playout Efficiency with Harmonic's Cloud Solutions

April 10, 2024 | uk.investing.com

Third Harmonic Bio CAO sells stock worth over $11,000

April 10, 2024 | prnewswire.com

Harmonic Introduces State-of-the-Art In-Stream Advertising for Live Sports Streaming

April 10, 2024 | americanbankingnews.com

Harmonic (NASDAQ:HLIT) Given "Buy" Rating at Needham & Company LLC

April 19, 2024 | DTI (Ad)

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April 9, 2024 | msn.com

Harmonic Appoints New CEO, Takes Video Unit Off the Market

April 9, 2024 | prnewswire.com

Harmonic Announces Conference Call to Discuss Recent Company Announcements

April 9, 2024 | finanznachrichten.de

Harmonic Inc.: Harmonic Announces CEO Succession

April 9, 2024 | marketwatch.com

Harmonic Stock Falls 13% With Impending Retirement of Longtime CEO

April 8, 2024 | marketwatch.com

Harmonic Ends Review of Video Business; CEO to Retire

April 8, 2024 | markets.businessinsider.com

Harmonic CEO Patrick Harshman To Retire, Nimrod Ben-Natan To Succeed

April 8, 2024 | finance.yahoo.com

Harmonic Announces CEO Succession

April 4, 2024 | prnewswire.com

Harmonic Sets the Standard for Video Streaming and Broadcast Excellence at 2024 NAB Show

April 2, 2024 | msn.com

Third Harmonic Bio (NASDAQ:THRD) Soars 109% YTD; Is It a Solid Bet for Growth Investors?

April 2, 2024 | stocknews.com

3 Foreign Telecom Stocks Accelerating Towards Profits

March 28, 2024 | markets.businessinsider.com

Buy Rating for Third Harmonic Bio Amidst Promising Drug Pipeline and Market Potential

March 26, 2024 | investorplace.com

THRD Stock Earnings: Third Harmonic Bio Beats EPS for Q4 2023

March 26, 2024 | msn.com

Third Harmonic Pokes up on Quarterly Figures

March 26, 2024 | benzinga.com

Recap: Third Harmonic Bio Q4 Earnings

March 23, 2024 | finance.yahoo.com

Returns Are Gaining Momentum At Harmonic (NASDAQ:HLIT)

March 13, 2024 | prnewswire.com

Harmonic to Showcase Fiber-Made-Simple Solutions at FTTH Conference 2024

March 11, 2024 | msn.com

Top Tech News Today: Harmonic Series Of Soundbars Launched, DoT And Ericsson To Skill Students For 100 5G Use Case Labs, More

February 23, 2024 | stocknews.com

3 Telecom Stocks to Invest in Right Now

See More Headlines

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Company Calendar

Last Earnings: 1/29/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/29/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Radio & t.v. communications equipment
Sub-Industry: Communications Equipment
Current Symbol: NASDAQ:HLIT
CUSIP: 41316010
CIK: 851310
Web: www.harmonicinc.com
Phone: (408) 542-2500
Fax: 408-542-2511
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: +72.2%
Consensus Rating: Buy
Rating Score (0-4): 3.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.71
Trailing P/E Ratio: 14.07
Forward P/E Ratio: 31.22
P/E Growth: N/A
Net Income: $83.99 million
Net Margins: 13.82%
Pretax Margin: 3.15%
Return on Equity: 4.71%
Return on Assets: 2.42%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.21
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $607.91 million
Price / Sales: 1.84
Cash Flow: $0.26 per share
Price / Cash Flow: 38.69
Book Value: $3.89 per share
Price / Book: 2.57

Miscellaneous

Outstanding Shares: 111,910,000
Free Float: 109,447,000
Market Cap: $1.12 billion
Optionable: Optionable
Beta: 0.84

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Key Executives

Dr. Patrick J. Harshman (Age 59)
President, CEO & Director
Comp: $1.71M
Mr. Ian Graham (Age 62)
Senior Vice President of Global Sales
Comp: $803.18k
Mr. Neven Haltmayer (Age 59)
Senior Vice President of Video R&D
Comp: $744.46k
Mr. Nimrod Ben-Natan (Age 56)
Senior VP & GM of Broadband Business
Comp: $767.65k
Mr. Walter F. Jankovic (Age 55)
Chief Financial Officer
Mr. Jean-Marc Guiot
Senior Vice President of Operations & IT
Mr. Michael Smiley
Finance & Investor Relations Manager
Mr. Timothy C. Chu (Age 51)
General Counsel, Senior VP of Human Resources & Corporate Secretary
Ms. Crystele Trevisan-Jallu
Senior Vice President of Corporate Marketing & Communications
Mr. Jeremy Rosenberg (Age 66)
Senior Vice President of Business Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 analysts have issued 12 month price targets for Harmonic's shares. Their HLIT share price targets range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $17.20 in the next twelve months. This suggests a possible upside of 72.2% 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 on January 1st, 2024. Since then, HLIT stock has decreased by 23.4% and is now trading at $9.99.
View the best growth stocks for 2024 here.
Are investors shorting Harmonic?: Harmonic saw a increase in short interest in March. As of March 31st, there was short interest totaling 8,360,000 shares, an increase of 8.7% from the March 15th total of 7,690,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is presently 4.7 days. Approximately 7.7% of the shares of the stock are sold short.
View Harmonic's Short Interest.
When is Harmonic's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our HLIT earnings forecast.
How can I listen to Harmonic's earnings call?: Harmonic will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
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%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share.

What ETFs hold Harmonic's stock?: ETFs with the largest weight of Harmonic (NASDAQ:HLIT) stock in their portfolio include SPDR S&P Telecom ETF (XTL), iShares U.S. Digital Infrastructure and Real Estate ETF (IGN), Invesco S&P SmallCap Information Technology ETF (PSCT) and Syntax Stratified SmallCap ETF (SSLY).SPDR S&P 600 Small Cap ETF (SLY).
What guidance has Harmonic issued on next quarter's earnings?: Harmonic issued an update on its first quarter 2024 earnings guidance on Monday, April, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $121.0 million-$123.0 million, compared to the consensus revenue estimate of $122.1 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 variety of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (1.21%), Silverberg Bernstein Capital Management LLC (0.71%) and Game Plan Financial Advisors LLC (0.05%). 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 4/19/2024 by MarketBeat.com Staff

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