Harmonic Inc. (HLIT)
Market Cap | 1.32B |
Revenue (ttm) | 572.32M |
Net Income (ttm) | 70.81M |
Shares Out | 116.54M |
EPS (ttm) | 0.60 |
PE Ratio | 18.83 |
Forward PE | 15.47 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,124,279 |
Open | 11.36 |
Previous Close | 11.39 |
Day's Range | 11.08 - 11.41 |
52-Week Range | 8.80 - 18.43 |
Beta | 0.90 |
Analysts | Strong Buy |
Price Target | 17.20 (+52.21%) |
Earnings Date | Apr 29, 2024 |
About HLIT
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 ... [Read more]
Financial Performance
In 2023, Harmonic's revenue was $607.91 million, a decrease of -2.73% compared to the previous year's $624.96 million. Earnings were $83.99 million, an increase of 198.04%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for HLIT stock is "Strong Buy." The 12-month stock price forecast is $17.2, which is an increase of 52.21% from the latest price.
News
Harmonic Launches New High-Density Remote OLT to Simplify Fiber Broadband Service
Versatile Pearl R-OLT Enables Economic Delivery of Fiber Broadband from Node Enclosures SAN JOSE, Calif. , May 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the launch of its new th...
Harmonic to Host Virtual Analyst Day
SAN JOSE, Calif. , May 8, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host a Virtual Analyst Day dedicated to its Broadband and Video business segments.
Harmonic Sets the Pace for Intelligent Broadband Networks at ANGA COM 2024
Harmonic to Showcase Transformative Broadband Access Innovations for Enhanced Service Quality and Multigigabit Speeds over Fiber and DOCSIS Networks SAN JOSE, Calif. , May 8, 2024 /PRNewswire/ -- Harm...
Harmonic to Participate in the 19th Annual Needham Technology, Media & Consumer Conference and the Jefferies Software Conference
SAN JOSE, Calif. , May 7, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, Chief Financial Officer of Harmonic, will participate in a fireside chat at the 19th Annual...
Harmonic Extends cOS Broadband Platform with Breakthrough Intelligent Speed Maximizer
New Beacon Application Maximizes Broadband Speeds, Improves Reliability, Enhances Quality of Experience and Lowers OPEX SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today ...
Harmonic Announces First Quarter 2024 Results
Results in Line with Guidance Reaffirming Broadband Full Year Revenue Guidance Increasing Full Year Video EBITDA Guidance SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT)...
Harmonic Announces Reporting Date for First Quarter 2024 Results
SAN JOSE, Calif. , April 15, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its first quarter 2024 financial results after the market close on Monday, April 29, 2024.
Harmonic VOS Media Software Achieves CNF Certification on Red Hat OpenShift
Red Hat OpenShift CNF Certification Elevates Reliability and Security Capabilities for VOS Media Software Deployments in Data Centers SAN JOSE, Calif. , April 12, 2024 /PRNewswire/ -- Harmonic (NASDA...
Filmocentro Enhances Playout Efficiency with Harmonic's Cloud Solutions
Managed by Totaltel, Harmonic's VOS360 Media SaaS Delivers Unmatched Efficiency and Reliability in Cloud Playout SAN JOSE, Calif. , April 11, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announc...
Harmonic Introduces State-of-the-Art In-Stream Advertising for Live Sports Streaming
New In-Stream Advertising Features on VOS®360 Ad SaaS Unlock Additional Monetization Opportunities SAN JOSE, Calif. , April 10, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a groundbre...
Harmonic Announces Conference Call to Discuss Recent Company Announcements
SAN JOSE, Calif. , April 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host a conference call on Thursday, April 11, 2024 at 1:30 p.m.
Harmonic ends review of its video business; CEO to retire
Harmonic HLIT, +1.55% ended a review of its video business without completing a transaction and said its chief executive would retire.
Harmonic Announces CEO Succession
Nimrod Ben-Natan to Succeed Patrick Harshman as President & CEO, Effective June 11, 2024 Concludes Video Business Strategic Review Process Updates First Quarter 2024 Revenue Guidance SAN JOSE, Calif. ...
Harmonic Sets the Standard for Video Streaming and Broadcast Excellence at 2024 NAB Show
AI Innovations are Reshaping Live Sports Streaming, Targeted Advertising, and More SAN JOSE, Calif. , April 4, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it is bringing its leading-e...
Harmonic to Showcase Fiber-Made-Simple Solutions at FTTH Conference 2024
Harmonic's Versatile Fiber Solutions Bring Unrivalled Flexibility to Fiber Broadband Service Delivery SAN JOSE, Calif. , March 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the comp...
Millicom Accelerates Fiber Deployments with Harmonic
Millicom Leverages Harmonic's Unique Hybrid Fiber-Cable, Node-Based Solution to Offer High-Speed Fiber to the Home Broadband SAN JOSE, Calif. , Feb. 20, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) t...
Harmonic Announces Fourth Quarter and Fiscal 2023 Results
Record quarterly total revenue of $167.1 million, up 31% quarter over quarter Broadband revenue up 20% and Video SaaS revenue up 26% year over year SAN JOSE, Calif. , Jan. 29, 2024 /PRNewswire/ -- Har...
Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2023 Results
SAN JOSE, Calif. , Jan. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its fourth quarter and full year 2023 financial results after the market close on Monday, Janua...
DOCOMO PACIFIC Deploys New 10G FTTP Service with Harmonic
Harmonic's Market-Leading Virtualized Broadband Platform Quickly Brings Fiber Internet Connectivity to Residents SAN JOSE, Calif. , Jan. 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced...
Harmonic Announces New $160 Million Credit Facility
SAN JOSE, Calif. , Dec. 21, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") ...
Harmonic to Participate in Upcoming December 2023 Investor Conferences
SAN JOSE, Calif. , Nov. 21, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, CFO of Harmonic, will participate in a fireside chat at the Raymond James 2023 TMT and C...
Harmonic to Participate in the 17th Annual Needham Virtual Security, Networking, & Communications Conference
SAN JOSE, Calif. , Nov. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, Chief Financial Officer of Harmonic, will participate in a fireside chat at the 17th Annua...
Okinawa Cable Network Inc. Transforms its Broadband Service with Harmonic
Harmonic's Market-Leading cOS Virtualized Broadband Platform Reduces Operational Costs while Forging Path to 10G Fiber SAN JOSE, Calif. , Nov. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today ann...
Harmonic Announces Third Quarter 2023 Results
Video SaaS revenue up 42% year over year SAN JOSE, Calif. , Oct. 30, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2023.
Harmonic Brings Industry-Leading Density to 10G Fiber Networks with New OLT Shelf
New Pier OLT Shelf Converges XGS PON, GPON and Combo PON in a Compact, Temperature-Hardened Device SAN JOSE, Calif. , Oct. 23, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the launch o...