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NASDAQ:HLIT

Harmonic (HLIT) Stock Price, News & Analysis

Harmonic logo
$9.07 +0.27 (+3.07%)
As of 04/24/2025 04:00 PM Eastern

About Harmonic Stock (NASDAQ:HLIT)

Key Stats

Today's Range
$8.75
$9.09
50-Day Range
$8.25
$10.70
52-Week Range
$7.91
$15.46
Volume
978,389 shs
Average Volume
1.25 million shs
Market Capitalization
$1.06 billion
P/E Ratio
27.49
Dividend Yield
N/A
Price Target
$12.50
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
87th Percentile Overall Score

HLIT MarketRank™: 

Harmonic scored higher than 87% of companies evaluated by MarketBeat, and ranked 145th out of 654 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 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Harmonic has been the subject of 5 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 164.52% in the coming year, from $0.31 to $0.82 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Harmonic is 27.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Harmonic is 27.49, 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 41.45.

  • Price to Book Value per Share Ratio

    Harmonic has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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

    2.46% 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 2.1, 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 19.74%, 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

    2.46% 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 2.1, 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 19.74%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Harmonic has a news sentiment score of 0.87. 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 0.76 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Harmonic this week, compared to 6 articles on an average week.
  • Search Interest

    Only 3 people have searched for HLIT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Harmonic to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Harmonic insiders have bought more of their company's stock than they have sold. Specifically, they have bought $316,607.00 in company stock and sold $0.00 in 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

New “Trump” currency proposed in DC
According to one of the most connected men in Washington… A surprising new bill was just introduced in Washington. Its purpose: to put Donald Trump’s face on the $100 note. All to celebrate a new “golden age” for America.
Third Harmonic Shares Surge on Liquidation Plan
See More Headlines

HLIT Stock Analysis - Frequently Asked Questions

Harmonic's stock was trading at $13.23 at the start of the year. Since then, HLIT shares have decreased by 31.4% and is now trading at $9.07.
View the best growth stocks for 2025 here
.

Harmonic Inc. (NASDAQ:HLIT) issued its quarterly earnings results on Monday, February, 10th. The communications equipment provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Harmonic had a net margin of 5.78% and a trailing twelve-month return on equity of 15.90%.
Read the conference call transcript
.

Harmonic's board approved a share buyback plan on Monday, February 10th 2025, which permits the company to repurchase $200,000,000 in shares, according to EventVestor. This means that the company could purchase up to 15.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Top institutional shareholders of Harmonic include Silverberg Bernstein Capital Management LLC (0.71%), Assenagon Asset Management S.A. (0.30%), Rhumbline Advisers (0.26%) and Stanley Laman Group Ltd. (0.26%). Insiders that own company stock include Patrick Harshman, Nimrod Ben-Natan, David Krall, Neven Haltmayer, Sanjay Kalra, Ian Graham, Walter Jankovic and Daniel T Whalen.
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.

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
2/10/2025
Today
4/25/2025
Next Earnings (Estimated)
4/28/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Radio & t.v. communications equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:HLIT
Employees
1,340
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.50
High Stock Price Target
$14.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+37.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Trailing P/E Ratio
27.49
Forward P/E Ratio
29.26
P/E Growth
N/A
Net Income
$39.22 million
Pretax Margin
8.54%

Debt

Sales & Book Value

Annual Sales
$678.72 million
Cash Flow
$0.60 per share
Price / Cash Flow
15.14
Book Value
$3.97 per share
Price / Book
2.28

Miscellaneous

Free Float
114,291,000
Market Cap
$1.06 billion
Optionable
Optionable
Beta
0.92

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This page (NASDAQ:HLIT) was last updated on 4/25/2025 by MarketBeat.com Staff
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