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Harmonic Inc. (HLIT)
NASDAQ:HLIT
Harmonic (HLIT) Stock Price & Analysis
383 Followers
HLIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.80 - $15.81
Previous Close$12.28
Volume574.82K
Average Volume (3M)1.41M
Market Cap
$1.43B
Enterprise Value$1.50B
Total Cash (Recent Filing)$84.27M
Total Debt (Recent Filing)$156.05M
Price to Earnings (P/E)20.2
Beta0.91
Next Earnings
Jul 29, 2024EPS Estimate
$0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.61
Shares Outstanding116,542,186
10 Day Avg. Volume881,837
30 Day Avg. Volume1,410,346
Standard Deviation0.12
R-Squared0.15
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)6.78
Price to Sales (P/S)8.03
Price to Cash Flow (P/CF)53.50
P/FCF Ratio81.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.47
Enterprise Value/Gross Profit4.81
Enterprise Value/Ebitda43.23
Forecast
1Y Price Target
$17.83Price Target Upside45.20% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Harmonic News
PremiumPress Releases
Harmonic Announces First Quarter 2024 Results
Bulls Say, Bears Say
Bulls Say
Customer CommitmentManagement noted a major shift in its cable operator customers from evaluation to committed capex plans driven by competitive threats.
LeadershipThe 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.
Market PositionWith volume shipments of DOCSIS 4 for Comcast commencing and a new FTTH international tier 1 win, HLIT is further establishing itself as the global cable access leader.
Bears Say
Business PerformanceThe Video business has been a drag on growth and profitability after segment sales declined 20% and operating margins slid to -4% during 2023.
Financial GuidanceThe guidance update shows us the situation isn't improving – the updated range was below the midpoint of the previous range, and implies a 17% Q/Q decline.
Management ChangesHarmonic's press release delivered two incrementally negative pieces of news: the June departure of their long-time CEO Patrick Harshman; and the end of their strategic review of the Video business – without a sale.
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Ownership Overview
4.65% Insiders
31.34% Mutual Funds
26.88% Other Institutional Investors
37.13% 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 $15.81 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 8 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 $0.04.
How many shares outstanding does Harmonic Inc. have?
Harmonic Inc. has 116,542,180 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 8M.
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Harmonic Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$17.83 (45.20% Upside)
$17.83 (45.20% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 704.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $577.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 38.2%
Last 30 Days ▲ 48.9%
Last 30 Days ▲ 48.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-20.51%
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 Month Forecast
Average Price Target
$17.83
▲(45.20% Upside)
Technical Analysis
Best Analysts Covering HLIT
1 Year
1 Year Success Rate
14/20 ratings generated profit
1 Year Average Return
+4.63%
reiterated a buy rating last month
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