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NASDAQ:HLIT

Harmonic (HLIT) Stock Price, News & Analysis

Harmonic logo
$12.08 -0.13 (-1.06%)
(As of 11/20/2024 ET)

About Harmonic Stock (NASDAQ:HLIT)

Key Stats

Today's Range
$12.05
$12.28
50-Day Range
$10.96
$14.82
52-Week Range
$9.10
$15.46
Volume
634,646 shs
Average Volume
1.61 million shs
Market Capitalization
$1.41 billion
P/E Ratio
16.55
Dividend Yield
N/A
Price Target
$15.25
Consensus Rating
Moderate Buy

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.

Harmonic Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

HLIT MarketRank™: 

Harmonic scored higher than 92% of companies evaluated by MarketBeat, and ranked 168th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Harmonic's stock forecast and price target.
  • 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 16.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Harmonic is 16.55, 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 269.76.

  • Price to Book Value per Share Ratio

    Harmonic has a P/B Ratio of 3.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Harmonic's valuation and earnings.
  • Percentage of Shares Shorted

    3.78% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Harmonic has recently increased by 9.26%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Harmonic does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    3.78% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Harmonic has recently increased by 9.26%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Harmonic has a news sentiment score of 1.26. 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 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Harmonic this week, compared to 5 articles on an average week.
  • Search Interest

    6 people have searched for HLIT on MarketBeat in the last 30 days.
  • MarketBeat Follows

    2 people have added Harmonic to their MarketBeat watchlist in the last 30 days.
  • 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.

  • Read more about Harmonic's insider trading history.
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HLIT Stock News Headlines

Romanesque Capital supports sale Harmonic to maximize value
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See More Headlines

HLIT Stock Analysis - Frequently Asked Questions

Harmonic's stock was trading at $13.04 at the beginning of 2024. Since then, HLIT stock has decreased by 7.4% and is now trading at $12.08.
View the best growth stocks for 2024 here
.

Harmonic Inc. (NASDAQ:HLIT) issued its 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 company's quarterly revenue was up 53.9% compared to the same quarter last year.

Harmonic's top institutional investors 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
.

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.

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
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/03/2025

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
$15.25
High Stock Price Target
$18.00
Low Stock Price Target
$12.50
Potential Upside/Downside
+26.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$83.99 million
Pretax Margin
1.71%

Debt

Sales & Book Value

Annual Sales
$623.65 million
Cash Flow
$0.27 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
113,778,000
Market Cap
$1.41 billion
Optionable
Optionable
Beta
0.89

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This page (NASDAQ:HLIT) was last updated on 11/21/2024 by MarketBeat.com Staff
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