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Harmonic Inc. (HLIT)
NASDAQ:HLIT
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HLIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.10 - $15.46
Previous Close$13.32
Volume1.85M
Average Volume (3M)1.11M
Market Cap
$1.55B
Enterprise Value$1.64B
Total Cash (Recent Filing)$58.17M
Total Debt (Recent Filing)$151.12M
Price to Earnings (P/E)18.3
Beta1.47
Next Earnings
Feb 03, 2025EPS Estimate
$0.37Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.73
Shares Outstanding116,528,212
10 Day Avg. Volume1,348,284
30 Day Avg. Volume1,110,021
Standard Deviation0.12
R-Squared0.15
Alpha0.00353
Financial Highlights & Ratios
Price to Book (P/B)3.62
Price to Sales (P/S)2.48
Price to Cash Flow (P/CF)44.30
P/FCF Ratio67.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.63
Enterprise Value/Gross Profit5.24
Enterprise Value/Ebitda67.72
Forecast
1Y Price Target
$16.36Price Target Upside22.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Harmonic News
Bulls Say, Bears Say
Bulls Say
Competitive PositionThe transition should further cement the strong HLIT competitive position at Comcast and elsewhere.
EarningsHarmonic printed a strong Q3 and guided in-line for the full year—despite a sizable ramp in expectations for Q4.
Revenue GrowthBroadband 3Q revenue increased by 92% compared to the previous year, and gross margins exceeded the high end of guidance.
Bears Say
Customer Concentration RiskComcast and Charter present major customer concentration risk, with 69% of combined sales.
Inventory ChallengesThere are concerns about excess inventory at Charter affecting Harmonic’s business.
Product Transition ConcernsCaution is raised from a product transition believed to be at Comcast, potentially slowing growth.
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Ownership Overview
2.09% Insiders
25.39% Mutual Funds
26.81% Other Institutional Investors
21.50% 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 $9.10 and its highest was $15.46 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 Feb 03, 2025 which is in 43 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on Oct 28, 2024. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.244 by $0.016.
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 $0.37.
How many shares outstanding does Harmonic Inc. have?
Harmonic Inc. has 116,528,210 shares outstanding.
What happened to Harmonic Inc.’s price movement after its last earnings report?
Harmonic Inc. reported an EPS of $0.26 in its last earnings report, beating expectations of $0.244. Following the earnings report the stock price went down -25.101%.
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 15M.
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Harmonic Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$16.36 (22.82% Upside)
$16.36 (22.82% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 175.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.02%
12-Months-Change
Fundamentals
Return on Equity
22.07%
Trailing 12-Months
Asset Growth
12.77%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflected strong performance in Q3 with record results in both Broadband and Video segments. However, the potential delay in customer deployments due to Unified DOCSIS 4.0 and ecosystem challenges introduces uncertainty for 2025. Despite these challenges, the company remains optimistic about long-term growth opportunities.Read More>---
HLIT Stock 12 Month Forecast
Average Price Target
$16.36
▲(22.82% Upside)
Technical Analysis
Best Analysts Covering HLIT
1 Year
1 Year Success Rate
16/22 ratings generated profit
1 Year Average Return
+15.06%
reiterated a buy rating 2 months ago
Copying Tim Savageaux's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +15.06% per trade.
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