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Harmonic Inc. (HLIT)
NASDAQ:HLIT
Harmonic (HLIT) Stock Price & Analysis
314 Followers
HLIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.80 - $18.43
Previous Close$10.23
Volume1.04M
Average Volume (3M)1.95M
Market Cap
$1.13B
Enterprise Value$1.23B
Total Cash (Recent Filing)$84.27M
Total Debt (Recent Filing)$156.05M
Price to Earnings (P/E)14.1
Beta0.89
Next Earnings
Apr 29, 2024EPS Estimate
>-$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.72
Shares Outstanding111,908,849
10 Day Avg. Volume2,615,503
30 Day Avg. Volume1,951,275
Standard Deviation0.12
R-Squared0.14
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)5.85
Price to Sales (P/S)1.88
Price to Cash Flow (P/CF)46.10
P/FCF Ratio70.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.02
Enterprise Value/Gross Profit3.93
Enterprise Value/Ebitda35.09
Forecast
1Y Price Target
$15.60Price Target Upside55.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Harmonic News
PremiumPress Releases
Harmonic Announces CEO Succession
PremiumCompany Announcements
Harmonic Inc. Redeems Convertible Senior Notes Due 2024
Bulls Say, Bears Say
Bulls Say
Financial PerformanceHLIT beat 4Q23 with revenue and EPS significantly ahead of consensus, driven by strong performance at Comcast and new contributions from Charter.
Future Revenue ConfidenceA very strong backlog and a healthy book-to-bill ratio indicate confidence in a significant revenue increase in the second half of 2024.
Leadership TransitionThe announcement of Nimrod Ben-Natan as the new CEO is seen as a positive transition for the company, given his long tenure and deep product knowledge.
Bears Say
Company GuidanceThe guidance update shows the situation isn't improving – the updated range was below the midpoint of the previous range, and implies a significant decline.
Financial PerformanceThe Video business has been a drag on growth and profitability after segment sales declined 20% and operating margins slid to -4% during the year.
Revenue ExpectationsFull-year revenue guidance now calls for sales considerably below the market's expectation, adding to investor concerns.
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Ownership Overview
4.92% Insiders
31.72% Mutual Funds
25.05% Other Institutional Investors
38.31% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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HLIT FAQ
What was Harmonic Inc.’s price range in the past 12 months?
Harmonic Inc. lowest stock price was $8.80 and its highest was $18.43 in the past 12 months.
What is Harmonic Inc.’s market cap?
Currently, no data Available
When is Harmonic Inc.’s upcoming earnings report date?
Harmonic Inc.’s upcoming earnings report date is Apr 29, 2024 which is in 10 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on Jan 29, 2024. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.101 by $0.029.
Is Harmonic Inc. overvalued?
According to Wall Street analysts Harmonic Inc.’s price is currently Undervalued.
Does Harmonic Inc. pay dividends?
Harmonic Inc. does not currently pay dividends.
What is Harmonic Inc.’s EPS estimate?
Harmonic Inc.’s EPS estimate is >-$0.01.
How many shares outstanding does Harmonic Inc. have?
Harmonic Inc. has 111,908,850 shares outstanding.
What happened to Harmonic Inc.’s price movement after its last earnings report?
Harmonic Inc. reported an EPS of $0.13 in its last earnings report, beating expectations of $0.101. Following the earnings report the stock price went up 1.804%.
Which hedge fund is a major shareholder of Harmonic Inc.?
Among the largest hedge funds holding Harmonic Inc.’s share is Royce & Associates LLC. It holds Harmonic Inc.’s shares valued at 11M.
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Harmonic Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$15.60 (55.84% Upside)
$15.60 (55.84% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 80%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 430.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days >0.1%
Last 30 Days ▼ 6.7%
Last 30 Days ▼ 6.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-35.25%
12-Months-Change
Fundamentals
Return on Equity
22.06%
Trailing 12-Months
Asset Growth
8.20%
Trailing 12-Months
Company Description
Harmonic Inc.
Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Edge segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies, including streaming new media companies. The Cable Edge segment markets cable access solutions and related services, such as CableOS software-based Converged Cable Access Platform (CCAP) solutions. The company was founded in June 1988 and is headquartered in San Jose, CA.
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HLIT Company Deck
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HLIT Earnings Call
Q4 2024
0:00 / 0:00
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HLIT Stock 12 Months Forecast
Average Price Target
$15.60
▲(55.84% Upside)
Technical Analysis
Best Analysts Covering HLIT
1 Year
1 Year Success Rate
20/29 ratings generated profit
1 Year Average Return
+9.16%
reiterated a buy rating 4 months ago
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