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Harmonic Inc. (HLIT)
NASDAQ:HLIT
Harmonic (HLIT) Stock Price & Analysis
317 Followers
HLIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.80 - $18.43
Previous Close$11.1
Volume1.95M
Average Volume (3M)1.90M
Market Cap
$1.24B
Enterprise Value$1.31B
Total Cash (Recent Filing)$84.27M
Total Debt (Recent Filing)$156.05M
Price to Earnings (P/E)18.3
Beta0.91
Next Earnings
Jul 29, 2024EPS Estimate
$0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.61
Shares Outstanding111,908,849
10 Day Avg. Volume3,290,998
30 Day Avg. Volume1,902,785
Standard Deviation0.12
R-Squared0.15
Alpha0.00879
Financial Highlights & Ratios
Price to Book (P/B)6.28
Price to Sales (P/S)2.04
Price to Cash Flow (P/CF)49.50
P/FCF Ratio75.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.16
Enterprise Value/Gross Profit4.21
Enterprise Value/Ebitda37.57
Forecast
1Y Price Target
$15.50Price Target Upside41.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Harmonic News
PremiumPress Releases
Harmonic Announces First Quarter 2024 Results
PremiumPre-Earnings
Is HLIT a Buy, Before Earnings?
PremiumPress Releases
Harmonic Announces CEO SuccessionBulls Say, Bears Say
Bulls Say
Financial PerformanceHarmonic delivered results in line with expectations and reaffirmed confidence in the company's revenue projections, especially with significant growth anticipated in the later half of the year.
Leadership TransitionThe appointment of Nimrod Ben-Natan as the new CEO is embraced as a positive step, reflecting a smooth leadership transition backed by his decades of experience and in-depth product knowledge.
Market PositionHarmonic is positioning itself as a frontrunner in the global cable access market, with the commencement of volume shipments of cutting-edge technology and securing a new international contract.
Bears Say
Financial PerformanceThe Video business's declining sales and negative operating margins are continuing to negatively impact the company's overall growth and profitability.
Leadership ChangesThe upcoming departure of long-time CEO Patrick Harshman may introduce uncertainty and could potentially disrupt the company's strategic direction.
Strategic DecisionsThe end of the strategic review of the Video business without a sale could be interpreted as a missed opportunity to streamline operations and focus on more profitable areas.
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Ownership Overview
4.92% Insiders
31.60% Mutual Funds
28.60% Other Institutional Investors
34.89% 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 Jul 29, 2024 which is in 85 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on Apr 29, 2024. The company reported $0 earnings per share for the quarter, beating the consensus estimate of -$0.007 by $0.007.
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 $0.03.
How many shares outstanding does Harmonic Inc. have?
Harmonic Inc. has 111,955,920 shares outstanding.
What happened to Harmonic Inc.’s price movement after its last earnings report?
Harmonic Inc. reported an EPS of $0 in its last earnings report, beating expectations of -$0.007. Following the earnings report the stock price went up 14.255%.
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
Underperform
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Analyst Consensus
Strong Buy
Average Price Target:
$15.50 (41.42% Upside)
$15.50 (41.42% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 80%
Sector Average 68%
Sector Average 68%
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 ▼ 2.7%
Last 30 Days ▼ 5.1%
Last 30 Days ▼ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.54%
12-Months-Change
Fundamentals
Return on Equity
19.01%
Trailing 12-Months
Asset Growth
5.24%
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
Q1 2024
0:00 / 0:00
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HLIT Stock 12 Months Forecast
Average Price Target
$15.50
▲(41.42% Upside)
Technical Analysis
Best Analysts Covering HLIT
1 Year
1 Year Success Rate
20/29 ratings generated profit
1 Year Average Return
+9.37%
reiterated a buy rating 5 months ago
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