Harmonic Inc. (HLIT)

NASDAQ: HLIT · IEX Real-Time Price · USD
14.11
+0.13 (0.93%)
At close: Mar 24, 2023, 4:00 PM
14.20
+0.09 (0.64%)
After-hours: Mar 24, 2023, 5:01 PM EDT
0.93%
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]

Sector Technology
IPO Date May 22, 1995
Employees 1,336
Stock Exchange NASDAQ
Ticker Symbol HLIT
Full Company Profile

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 Statements

Analyst 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.

Price Target
$19.55
(38.55% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

2 days ago - Zacks Investment Research

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...

4 days ago - PRNewsWire

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...

1 month ago - PRNewsWire

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...

1 month ago - PRNewsWire

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...

Other symbols: ANETTESS
1 month ago - Zacks Investment Research

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?

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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...

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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 months ago - Zacks Investment Research

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.

Other symbols: ATENCLFD
3 months ago - Zacks Investment Research

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.

Other symbols: EGANMODNZS
3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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.

Other symbols: CLFDFLEXMODNPLXS
3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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.

4 months ago - Zacks Investment Research

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.

4 months ago - Zacks Investment Research

Harmonic to Participate in Upcoming December 2022 Investor Conferences

SAN JOSE, Calif. , Nov. 23, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick J.

4 months ago - PRNewsWire

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.

4 months ago - Zacks Investment Research

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...

Other symbols: ANETBIDUDGIIGEVOJDSMCI
4 months ago - InvestorPlace

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.

4 months ago - Invezz

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.

5 months ago - PRNewsWire

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.

5 months ago - Zacks Investment Research

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?

5 months ago - Zacks Investment Research

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...

5 months ago - PRNewsWire