Harmonic (HLIT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $12.93 to $13.44
• 50-Day Range: $10.96 to $14.82
• 52-Week Range: $9.10 to $15.46
• Volume: 1.85 million shs
• Average Volume: 1.47 million shs
• Market Capitalization: $1.55 billion
• P/E Ratio: 18.25
• Dividend Yield: N/A
• Price Target: $15.25
• Consensus Rating: Moderate Buy

Harmonic Stock Analysis - MarketRank™

Harmonic scored higher than 83% of companies evaluated by MarketBeat, and ranked 163rd out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Harmonic has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Harmonic has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 32.69%

Earnings Growth

Earnings for Harmonic are expected to grow by 32.69% in the coming year, from $0.52 to $0.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Harmonic is 18.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harmonic is 18.25, 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 241.24.

Price to Book Value per Share Ratio

Harmonic has a P/B Ratio of 3.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.02% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmonic has recently decreased by 13.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Harmonic does not currently pay a dividend.

Dividend Growth

Harmonic does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.02% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmonic has recently decreased by 13.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.12

News Sentiment

Harmonic has a news sentiment score of 1.12. 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 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Harmonic this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for HLIT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Harmonic to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Harmonic insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.36% 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.

HLIT Stock Analysis - Frequently Asked Questions

How have HLIT shares performed this year?

Harmonic's stock was trading at $13.04 at the beginning of the year. Since then, HLIT shares have increased by 2.1% and is now trading at $13.32.
View the best growth stocks for 2024 here.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) posted its quarterly earnings results on Monday, October, 28th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The business's quarterly revenue was up 53.9% on a year-over-year basis.

Who are Harmonic's major shareholders?

Top institutional shareholders of Harmonic include State Street Corp (3.75%), Geode Capital Management LLC (2.30%), Scopia Capital Management LP (1.89%) and Wellington Management Group LLP (1.78%). Insiders that own company stock include Patrick Harshman, Nimrod Ben-Natan, Neven Haltmayer, Sanjay Kalra and Ian Graham.
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.

What other stocks do shareholders of Harmonic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harmonic investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Visa (V).

Company Calendar

• Last Earnings: 10/28/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

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: $15.25
• High Stock Price Target: $18.00
• Low Stock Price Target: $12.50
• Potential Upside/Downside: +14.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.73
• Trailing P/E Ratio: 18.25
• Forward P/E Ratio: 25.62
• P/E Growth: N/A
• Net Income: $83.99 million
• Net Margins: 13.62%
• Pretax Margin: 1.71%
• Return on Equity: 7.56%
• Return on Assets: 4.23%

Debt

• Debt-to-Equity Ratio: 0.29
• Current Ratio: 2.08
• Quick Ratio: 1.62

Sales & Book Value

• Annual Sales: $623.65 million
• Price / Sales: 2.49
• Cash Flow: $0.27 per share
• Price / Cash Flow: 50.12
• Book Value: $3.89 per share
• Price / Book: 3.42

Miscellaneous

• Outstanding Shares: 116,528,000
• Free Float: 113,778,000
• Market Cap: $1.55 billion
• Optionable: Optionable
• Beta: 0.92