Harmonic Inc. (HLIT)

NASDAQ: HLIT · IEX Real-Time Price · USD
9.04
-0.26 (-2.80%)
May 18, 2022 11:38 AM EDT - Market open
Market Cap944.58M
Revenue (ttm)543.01M
Net Income (ttm)17.85M
Shares Out104.49M
EPS (ttm)0.12
PE Ratio75.33
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume177,915
Open9.09
Previous Close9.30
Day's Range9.03 - 9.49
52-Week Range6.69 - 12.22
Beta0.88
AnalystsBuy
Price Target13.46 (+48.9%)
Earnings DateMay 2, 2022

About HLIT

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing appliance solutions include network management and application software, and har...

IndustryCommunications Equipment
IPO DateMay 22, 1995
CEOPatrick Harshman
Employees1,267
Stock ExchangeNASDAQ
Ticker SymbolHLIT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for HLIT stock is "Buy." The 12-month stock price forecast is 13.46, which is an increase of 48.89% from the latest price.

Price Target
$13.46
(48.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Harmonic to Participate in the 17th Annual Needham Technology & Media Conference

SAN JOSE, Calif. , May 10, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Chief Executive Officer, and Jeremy Rosenberg, Senior Vice President of Business Developmen...

1 week ago - PRNewsWire

Harmonic Highlights Network Convergence, Flexibility and Sustainability at ANGA COM 2022

SAN JOSE, Calif. , May 4, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will showcase transformative approaches to broadband network convergence at ANGA COM 2022.

2 weeks ago - PRNewsWire

Why Harmonic Stock Is Up Today

Investors were happy to see the company beat revenue and earnings estimates.

2 weeks ago - The Motley Fool

Harmonic Impresses with Demonstrations at CableLabs® 10G Showcase

SAN JOSE, Calif. , May 3, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it participated in the recent CableLabs® 10G Showcase, an industry event focused on DOCSIS® 4.0 technologies as a c...

2 weeks ago - PRNewsWire

Harmonic (HLIT) Beats Q1 Earnings and Revenue Estimates

Harmonic (HLIT) delivered earnings and revenue surprises of 100% and 4.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Harmonic Announces First Quarter 2022 Results

Revenue up 32% year over year Cable Access revenue up 98% year over year Record backlog and deferred revenue, up 81% year over year SAN JOSE, Calif. , May 2, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: ...

2 weeks ago - PRNewsWire

Here's Why Harmonic Shares Are Trading Higher Today

Harmonic Inc (NASDAQ: HLIT) added support for HDR10+ technology to its VOS360 cloud streaming platform and XOS software-based advanced media processing solution. The technology would enable richer video...

3 weeks ago - Benzinga

Harmonic Boosts Streaming Video Experiences with HDR10+

SAN JOSE, Calif. , April 21, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it has added support for HDR10+ technology to its VOS®360 cloud streaming platform and XOS software-based advanc...

3 weeks ago - PRNewsWire

Harmonic Announces Reporting Date for First Quarter 2022 Results

SAN JOSE, Calif. , April 18, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its first quarter 2022 financial results after the market close on Monday, May 2, 2022.

4 weeks ago - PRNewsWire

Third Harmonic Bio Strengthens Management Team with Addition of Adrian S. Ray, Ph.D.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Third Harmonic Bio, a clinical-stage company developing a first-in-class, highly selective, oral KIT inhibitor for the treatment of severe allergy and inflammation, an...

1 month ago - Business Wire

CTV Beam Powers Lightning-Fast 10G Broadband With Harmonic

Harmonic's CableOS Converges FTTH PON and HFC DOCSIS Networks, Enabling the U.S. Operator to Flexibly Meet Growing High-Bandwidth Demands SAN JOSE, Calif. , April 5, 2022 /PRNewswire/ -- Harmonic (NASDA...

1 month ago - PRNewsWire

NBC SPORTS SELECTS ITS MEDIA PROCESSING SOLUTION PROVIDER FOR ITS PRODUCTION OF 2022 OLYMPIC & PARALYMPIC WINTER GAMES

STAMFORD, Conn., Feb. 16, 2022 /PRNewswire/ -- NBC Sports has selected Harmonic to provide its Edge media processing solution for its production of the XXIV Olympic Winter Games, from Beijing, China, Fe...

3 months ago - PRNewsWire

Third Harmonic Bio Launches to Advance the Next Wave of Medicine for Allergy and Inflammation

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Third Harmonic Bio, a clinical-stage company developing a first-in-class, highly selective, oral KIT inhibitor for treatment of severe allergy and inflammation, launch...

3 months ago - Business Wire

GCI Brings Next-Gen Broadband to the Alaskan Market with Harmonic

SAN JOSE, Calif., Feb. 15, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that GCI, Alaska's largest telecommunications company, is using Harmonic's industry-leading CableOS® Cloud-Native ...

3 months ago - PRNewsWire

Harmonic MAC Anywhere Solution Achieves Successful FMA Interoperability

SAN JOSE, Calif., Feb. 7, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a major achievement with interoperability for the CableLabs® Flexible MAC Architecture (FMA) specification.

3 months ago - PRNewsWire

Harmonic Announces $100 Million Stock Repurchase Program

SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that its board of directors has authorized a stock repurchase program under which the company may repurchase u...

3 months ago - PRNewsWire

Here's Why Harmonic Stock Is Down Today

Despite a revenue and earnings beat in the fourth quarter, investors weren't happy with the fact that earnings were down compared to the year-ago quarter.

3 months ago - The Motley Fool

Harmonic (HLIT) Q4 Earnings and Revenues Beat Estimates

Harmonic (HLIT) delivered earnings and revenue surprises of 14.29% and 2.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Harmonic Announces Fourth Quarter and Fiscal 2021 Results

SAN JOSE, Calif., Jan. 31, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2021.

3 months ago - PRNewsWire

Earnings Preview: Harmonic (HLIT) Q4 Earnings Expected to Decline

Harmonic (HLIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2021 Results

SAN JOSE, Calif., Jan. 18, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its fourth quarter and full year 2021 financial results after the market close on Monday...

3 months ago - PRNewsWire

Harmonic (HLIT) Outpaces Stock Market Gains: What You Should Know

Harmonic (HLIT) closed at $11.44 in the latest trading session, marking a +0.79% move from the prior day.

4 months ago - Zacks Investment Research

Harmonic (HLIT) Gains As Market Dips: What You Should Know

In the latest trading session, Harmonic (HLIT) closed at $11.34, marking a +1.25% move from the previous day.

4 months ago - Zacks Investment Research

Harmonic to Participate in the 24th Annual Needham Virtual Growth Conference

SAN JOSE, Calif., Jan. 4, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Sanjay Kalra, Harmonic's Chief Financial Officer, and Jeremy Rosenberg, Harmonic's Senior Vice President of Bu...

4 months ago - PRNewsWire

Northland's Top 2022 Picks Comprise Adtran, Harmonic - Read Why

Northland analyst Tim Savageaux listed Adtran Inc (NASDAQ:ADTN) as one of his top picks for 2022. Savageaux reiterated his recently raised price target of $35, implying 50.5% upside, and Outperform rating.

Other symbols:ADTN
4 months ago - Benzinga