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Harmonic Inc. (HLIT)

Stock Price: $8.85 USD 0.44 (5.23%)
Updated Jul 30, 2021 4:00 PM EDT - Market closed
Market Cap 894.62M
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 July 30
Last Price $8.85
Previous Close $8.41
Change ($) 0.44
Change (%) 5.23%
Day's Open 8.36
Day's Range 8.36 - 8.90
Day's Volume 2,241,604
52-Week Range 5.20 - 9.20

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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.

5 days ago - Zacks Investment Research

SAN JOSE, Calif., July 19, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it will release its second quarter 2021 financial results after the market close on Monday, August 2, 2021.

1 week ago - PRNewsWire

Harmonic (HLIT) enters into a partnership with America Movil's (AMX) unit, Claro Peru, to modernize the latter's broadband infrastructure on the back of its cloud-native CableOS platform.

2 weeks ago - Zacks Investment Research

SAN JOSE, Calif., July 13, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that telecommunications service provider Claro Perú, an América Móvil company, is powering its next-gen broadband ...

2 weeks ago - PRNewsWire

SAN JOSE, Calif., June 23, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Telefonica Spain, a leading telecommunications company, has deployed Harmonic's VOS®360 cloud streaming platf...

1 month ago - PRNewsWire

Bear Of The Day: Harmonic (HLIT)

1 month ago - Zacks Investment Research

KINS, HLIT, and WEICY have been added to the Zacks Rank #5 (Strong Sell) List on June 16, 2021

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

SAN JOSE, Calif., June 4, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that company executives will bring their unique perspectives on the ultra-connected future of broadband at the upco...

1 month ago - PRNewsWire

SAN JOSE, Calif., May 27, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host two Virtual Investor Events dedicated to its Video and Cable Access business segments.

2 months ago - PRNewsWire

SAN JOSE, Calif., May 14, 2021 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Sanjay Kalra, Harmonic's Chief Financial Officer, and Jeremy Rosenberg, Harmonic's Senior Vice President of Bu...

2 months ago - PRNewsWire

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?

2 months 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.

2 months 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...

2 months 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.

3 months 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...

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

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

3 months 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 months 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 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

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...

3 months 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.

3 months 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").

3 months ago - PRNewsWire

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

Other stocks mentioned: KN
3 months 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...

5 months ago - PRNewsWire

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

5 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?

5 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...

5 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...

5 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 & ...

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

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
6 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...

6 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.

7 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.

7 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...

7 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.

8 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.

8 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...

8 months ago - PRNewsWire

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

9 months ago - The Motley Fool

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

9 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?

9 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...

9 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 ...

9 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.

9 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.

9 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.

9 months ago - Zacks Investment Research

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

11 months ago - PRNewsWire

Top Ranked Momentum Stocks to Buy for August 21st

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

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

11 months ago - The Motley Fool

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
1,196
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 9.57, which is an increase of 8.14% from the latest price.

Price Target
$9.57
(8.14% upside)
Analyst Consensus: Buy