Harmonic Inc. (HLIT)
Market Cap | 1.57B |
Revenue (ttm) | 624.96M |
Net Income (ttm) | 28.18M |
Shares Out | 111.07M |
EPS (ttm) | 0.25 |
PE Ratio | 56.44 |
Forward PE | 19.19 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 893,882 |
Open | 13.89 |
Previous Close | 13.98 |
Day's Range | 13.80 - 14.15 |
52-Week Range | 8.25 - 15.80 |
Beta | 0.88 |
Analysts | Buy |
Price Target | 19.55 (+38.55%) |
Earnings Date | May 1, 2023 |
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... [Read more]
Financial Performance
In 2022, Harmonic's revenue was $624.96 million, an increase of 23.23% compared to the previous year's $507.15 million. Earnings were $28.18 million, an increase of 112.63%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for HLIT stock is "Buy." The 12-month stock price forecast is $19.55, which is an increase of 38.55% from the latest price.
News

Harmonic (HLIT) Soars 9.8%: Is Further Upside Left in the Stock?
Harmonic (HLIT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the ro...

Charter Communications Partners with Harmonic to Accelerate Network Evolution
SAN JOSE, Calif. , March 20, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Charter Communications has selected Harmonic as its strategic technology partner to deploy virtual CMTS t...

Harmonic Announces CFO Transition
SAN JOSE, Calif. , Feb. 16, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that Sanjay Kalra, senior vice president and chief financial officer, will resign from his position, effec...

Harmonic Wins Technical Emmy® Award for Industry-Changing Virtualized Broadband Technology
SAN JOSE, Calif. , Feb. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it has won a Technology and Engineering Emmy® Award from the National Academy of Television Arts & Sciences...

3 Communication Stocks Likely to Ride on Fiber Densification
The accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, HLIT and TESS are well-positioned to make the most of the dem...

Harmonic (HLIT) Q4 Earnings and Revenues Beat Estimates
Harmonic (HLIT) delivered earnings and revenue surprises of 13.33% and 2.75%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Harmonic Announces Fourth Quarter and Fiscal 2022 Results
Record quarterly total revenue of $164.3 million Broadband revenue up 38% and Video SaaS revenue up 51% year over year SAN JOSE, Calif. , Jan. 30, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) tod...

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2022 Results
SAN JOSE, Calif. , Jan. 17, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its fourth quarter and full year 2022 financial results after the market close on Mon...

Harmonic to Participate in the 25th Annual Needham Growth Conference
SAN JOSE, Calif. , Jan. 04, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick J.

Is Harmonic (HLIT) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Harmonic (HLIT) and Thermon Group (THR) have performed compared to their sector so far this year.

3 Telecom Stocks Most Wall Street Analysts are Bullish About
Clearfield (CLFD), Harmonic (HLIT) and A10 Networks (ATEN) are poised to benefit in 2023 and beyond with healthy fundamentals and solid Zacks Rank.

Combat Market Volatility With These 4 Low-Beta Stocks
Investors can consider adding four low-beta tech stocks like ZS, MODN, HLIT and EGAN in their portfolios to hedge against a highly-volatile market environment.

Strength Seen in Harmonic (HLIT): Can Its 7.7% Jump Turn into More Strength?
Harmonic (HLIT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

5 Tech Stocks That Survived Nasdaq's Bloodbath This Year
Flex (FLEX), Plexus (PLXS), Model N (MODN), Clearfield (CLFD) and Harmonic (HLIT) have survived the mayhem and appear poised for a healthy growth momentum in 2023.

Is Harmonic (HLIT) Outperforming Other Computer and Technology Stocks This Year?
Here is how Harmonic (HLIT) and Thermon Group (THR) have performed compared to their sector so far this year.

Earnings Estimates Moving Higher for Harmonic (HLIT): Time to Buy?
Harmonic (HLIT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why You Shouldn't Bet Against Harmonic (HLIT) Stock
Harmonic (HLIT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Harmonic to Participate in Upcoming December 2022 Investor Conferences
SAN JOSE, Calif. , Nov. 23, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick J.

Are Computer and Technology Stocks Lagging Harmonic (HLIT) This Year?
Here is how Harmonic (HLIT) and MakeMyTrip (MMYT) have performed compared to their sector so far this year.

7 Strong Tech Stocks to Buy Now for the Upcoming Bull Market
Apple (NASDAQ: AAPL) became the latest member of the FAANG-plus-Microsoft (NASDAQ: MSFT) group to deliver bad news on Nov. 6. Specifically, AAPL reported that shipments of its iPhone 14 Pro and iPhon...

Little-known Harmonic stock has returned strongly this year. Here is the next level to buy it
Harmonic Inc. (NASDAQ:HLIT) may be one of the most overlooked stocks in the last two decades. The stock traded at a high of above $15 in October, the highest since August 2001.

Harmonic to Participate in Upcoming November 2022 Virtual Investor Conference
SAN JOSE, Calif. , Nov. 3, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick J.

Harmonic Inc. (HLIT) Hits Fresh High: Is There Still Room to Run?
Harmonic (HLIT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Harmonic (HLIT) Tops Q3 Earnings and Revenue Estimates
Harmonic (HLIT) delivered earnings and revenue surprises of 30% and 1.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Harmonic Announces Third Quarter 2022 Results
Total revenue up 23% year over year to new September quarter record Broadband(1) revenue up 60% and Video SaaS revenue up 64% year over year SAN JOSE, Calif. , Oct. 31, 2022 /PRNewswire/ -- Harmonic I...