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Harmonic Inc. (HLIT)

Stock Price: $6.78 USD -0.06 (-0.88%)
Updated May 13, 2021 1:57 PM EDT - Market open
Market Cap 696.49M
Revenue (ttm) 411.99M
Net Income (ttm) -13.44M
Shares Out 99.87M
EPS (ttm) -0.14
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day May 13
Last Price $6.78
Previous Close $6.84
Change ($) -0.06
Change (%) -0.88%
Day's Open 6.90
Day's Range 6.76 - 7.03
Day's Volume 234,576
52-Week Range 4.50 - 9.20

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Harmonic (HLIT) delivered earnings and revenue surprises of 33.33% and 8.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

SAN JOSE, Calif., May 3, 2021 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2021.

1 week ago - PRNewsWire

SAN JOSE, Calif., May 3, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data cent...

1 week ago - PRNewsWire

On Monday, May 03, Harmonic (NASDAQ:HLIT) will release its latest earnings report. Benzinga's outlook for Harmonic is included in the following report.

1 week ago - Benzinga

SAN JOSE, Calif., April 29, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that U.S. cable operator Otelco is delivering gigabit speeds and superior broadband experience to rural subscribe...

2 weeks ago - PRNewsWire

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.

2 weeks ago - Zacks Investment Research

Harmonic has two business segments: video and cable access. A decision approaches: Should they split these operations?

2 weeks ago - CNBC

SAN JOSE, Calif., April 22, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Canadian cable operator Mascon, a Telus brand, is delivering superior broadband experiences to subscribers w...

3 weeks ago - PRNewsWire

SAN JOSE, Calif., April 19, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it will release its first quarter 2021 financial results after the market close on Monday, May 3, 2021.

3 weeks ago - PRNewsWire

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 weeks ago - Zacks Investment Research

SAN JOSE, Calif., April 14, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Mowies, a LATAM-based on-demand media platform, with a unique revenue model for creators of feature films, d...

4 weeks ago - PRNewsWire

Harmonic (HLIT) forges a cooperation agreement with Scopia Capital Management LP. Per the terms, Scopia will appoint two directors to Harmonic's board of directors in 2022.

1 month ago - Zacks Investment Research

SAN JOSE, Calif., April 12, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it has entered into a cooperation agreement with Scopia Capital Management LP ("Scopia").

1 month ago - PRNewsWire

KN vs. HLIT: Which Stock Is the Better Value Option?

Other stocks mentioned: KN
1 month ago - Zacks Investment Research

SAN JOSE, Calif., Feb. 24, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Sanjay Kalra, Harmonic's Chief Financial Officer, and Jeremy Rosenberg, Harmonic's Senior Vice President of B...

2 months ago - PRNewsWire

Harmonic Inc. (HLIT) CEO Patrick Harshman on Q4 2020 Results - Earnings Call Transcript

3 months ago - Seeking Alpha

Harmonic (HLIT) delivered earnings and revenue surprises of 25.00% and 4.16%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Harmonic (NASDAQ:HLIT) rose 1.52% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 66.67% over the past year to $0.20, which beat the...

3 months ago - Benzinga

SAN JOSE, Calif., Feb. 1, 2021 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2020. "Harmonic's fourth quart...

3 months ago - PRNewsWire

SAN JOSE, Calif., Jan. 28, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it has won two Technology and Engineering Emmy® Awards from the prestigious National Academy of Television Arts & ...

3 months ago - PRNewsWire

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

Investors might want to start 2021 off by looking for some possible big winners. So today we dive into tech stocks with strong growth outlooks that are all trading for under $10 a share.

Other stocks mentioned: ATVI, GLUU, HIMX, MAT
4 months ago - Zacks Investment Research

SAN JOSE, Calif., Jan. 6, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick J. Harshman, President and CEO of Harmonic, will participate in a fireside chat at the 23rd Annual Nee...

4 months ago - PRNewsWire

Harmonic (HLIT) partners with Taiwan's TWT Digital Communication to enhance the latter's broadband infrastructure on the back of its CableOS Central analytics service and CableOS Platform.

4 months ago - Zacks Investment Research

Harmonic (HLIT) partners with Edge Networks to equip the latter's TV service, Evoca, with hybrid streaming and broadcast solution for an enhanced viewing experience.

5 months ago - Zacks Investment Research

SAN JOSE, Calif., Dec. 9, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Edge Networks has launched its groundbreaking new Evoca television service with an end-to-end solution from Ha...

5 months ago - PRNewsWire

Harmonic (HLIT) provides its EyeQ content-aware encoding solution to Maldivian cable TV provider, Medianet, to upgrade the latter's video streaming service delivery.

5 months ago - Zacks Investment Research

Harmonic's (HLIT) gets tapped by Primary Video Stream Contribution to accelerate the delivery of customized live video content across the globe.

6 months ago - Zacks Investment Research

SAN JOSE, Calif., Nov. 3, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Trinity Christian Centre, a house of worship in Singapore, has deployed Harmonic's advanced VOS®360 video stre...

6 months ago - PRNewsWire

The video delivery specialist reported third-quarter results and issued soft guidance.

6 months ago - The Motley Fool

Harmonic Inc. (HLIT) CEO Patrick Harshman on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

Harmonic (HLIT) delivered earnings and revenue surprises of 160.00% and 14.98%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Shares of Harmonic (NASDAQ:HLIT) fell 3.7% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 88.00% over the past year to $0.03, which beat th...

6 months ago - Benzinga

SAN JOSE, Calif., Oct. 26, 2020 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2020. "Harmonic's third quarter results were driven by strong ...

6 months ago - PRNewsWire

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.

6 months ago - Zacks Investment Research

Harmonic (HLIT) achieves a major 10G milestone with the launch of breakthrough upstream gigabit solution that offers two-way gigabit services to address accretive upstream bandwidth demand.

7 months ago - Zacks Investment Research

Harmonic (HLIT) achieves a major milestone with the deployment of CableOS virtualized access system in more than 2 million cable modems, thereby accelerating broadband expansion momentum.

7 months ago - Zacks Investment Research

SAN JOSE, Calif., Aug. 28, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) ("Harmonic" or the "Company") today announced that Patrick J.

8 months ago - PRNewsWire

Top Ranked Momentum Stocks to Buy for August 21st

Other stocks mentioned: ISDR, KELYA, SYKE
8 months ago - Zacks Investment Research

The tech company's outlook for the rest of the year is impressive.

9 months ago - The Motley Fool

Harmonic Inc. (HLIT) CEO Patrick Harshman on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

Harmonic (HLIT) delivered earnings and revenue surprises of 53.85% and 6.32%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Harmonic Inc. HLIT, +0.71% shares surged in the extended session Monday after the video-services company topped Wall Street estimates for the quarter and issued a strong outlook for the year.

9 months ago - Market Watch

SAN JOSE, Calif., Aug. 3, 2020 /PRNewswire/ -- Harmonic Inc.

9 months ago - PRNewsWire

Harmonic (HLIT) collaborates with Millicom to streamline network connectivity with high broadband speeds through its avant-garde CableOS solution.

9 months ago - Zacks Investment Research

SAN JOSE, Calif., July 27, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it will partner with SES for technology upgrades associated with the SES transition plan filed with the Feder...

9 months ago - PRNewsWire

Harmonic (HLIT) collaborates with Ritter Communications to streamline network connectivity with high broadband speeds through CableOS solution.

9 months ago - Zacks Investment Research

SAN JOSE, Calif., July 14, 2020 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its second quarter 2020 financial results after the market close on Monday, August 3, 20...

9 months ago - PRNewsWire

Harmonic (HLIT) collaborates with SportsMax to optimize live video delivery with flexible and real-time scaling of premium sports events through its VOS 360 Live Streaming Platform.

10 months ago - Zacks Investment Research

SAN JOSE, Calif., June 18, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that SportsMax, a leading sports channel in the Caribbean and a subsidiary of the Digicel Group, is using Harmonic...

10 months ago - PRNewsWire

About HLIT

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. 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 t... [Read more...]

Industry
Communication Equipment
IPO Date
May 22, 1995
CEO
Patrick Harshman
Employees
1,169
Stock Exchange
NASDAQ
Ticker Symbol
HLIT
Full Company Profile

Financial Performance

In 2020, Harmonic's revenue was $378.83 million, a decrease of -5.97% compared to the previous year's $402.87 million. Losses were -$29.27 million, 394.1% more than in 2019.

Financial Statements

Analyst Forecasts

According to 8 analysts, the average rating for Harmonic stock is "Buy." The 12-month stock price forecast is 9.14, which is an increase of 34.81% from the latest price.

Price Target
$9.14
(34.81% upside)
Analyst Consensus: Buy