Harmonic Inc. (HLIT)

NASDAQ: HLIT · IEX Real-Time Price · USD
11.49
-0.22 (-1.88%)
At close: May 23, 2024, 4:00 PM
11.25
-0.24 (-2.09%)
Pre-market: May 24, 2024, 8:00 AM EDT
-1.88%
Market Cap 1.34B
Revenue (ttm) 572.32M
Net Income (ttm) 70.81M
Shares Out 116.54M
EPS (ttm) 0.60
PE Ratio 19.15
Forward PE 15.73
Dividend n/a
Ex-Dividend Date n/a
Volume 834,030
Open 11.69
Previous Close 11.71
Day's Range 11.41 - 11.73
52-Week Range 8.80 - 18.43
Beta 0.90
Analysts Strong Buy
Price Target 17.20 (+49.7%)
Earnings Date Apr 29, 2024

About HLIT

Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to ... [Read more]

Sector Technology
IPO Date May 22, 1995
Employees 1,359
Stock Exchange NASDAQ
Ticker Symbol HLIT
Full Company Profile

Financial Performance

In 2023, Harmonic's revenue was $607.91 million, a decrease of -2.73% compared to the previous year's $624.96 million. Earnings were $83.99 million, an increase of 198.04%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for HLIT stock is "Strong Buy." The 12-month stock price forecast is $17.2, which is an increase of 49.70% from the latest price.

Price Target
$17.2
(49.70% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Harmonic Launches New High-Density Remote OLT to Simplify Fiber Broadband Service

Versatile Pearl R-OLT Enables Economic Delivery of Fiber Broadband from Node Enclosures SAN JOSE, Calif. , May 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the launch of its new th...

11 days ago - PRNewsWire

Harmonic to Host Virtual Analyst Day

SAN JOSE, Calif. , May 8, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host a Virtual Analyst Day dedicated to its Broadband and Video business segments.

15 days ago - PRNewsWire

Harmonic Sets the Pace for Intelligent Broadband Networks at ANGA COM 2024

Harmonic to Showcase Transformative Broadband Access Innovations for Enhanced Service Quality and Multigigabit Speeds over Fiber and DOCSIS Networks SAN JOSE, Calif. , May 8, 2024 /PRNewswire/ -- Harm...

16 days ago - PRNewsWire

Harmonic to Participate in the 19th Annual Needham Technology, Media & Consumer Conference and the Jefferies Software Conference

SAN JOSE, Calif. , May 7, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, Chief Financial Officer of Harmonic, will participate in a fireside chat at the 19th Annual...

16 days ago - PRNewsWire

Harmonic Extends cOS Broadband Platform with Breakthrough Intelligent Speed Maximizer

New Beacon Application Maximizes Broadband Speeds, Improves Reliability, Enhances Quality of Experience and Lowers OPEX SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today ...

24 days ago - PRNewsWire

Harmonic Announces First Quarter 2024 Results

Results in Line with Guidance Reaffirming Broadband Full Year Revenue Guidance Increasing Full Year Video EBITDA Guidance SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT)...

Other symbols: TIGO
24 days ago - PRNewsWire

Harmonic Announces Reporting Date for First Quarter 2024 Results

SAN JOSE, Calif. , April 15, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its first quarter 2024 financial results after the market close on Monday, April 29, 2024.

5 weeks ago - PRNewsWire

Harmonic VOS Media Software Achieves CNF Certification on Red Hat OpenShift

Red Hat  OpenShift CNF Certification Elevates Reliability and Security Capabilities for VOS Media Software Deployments in Data Centers SAN JOSE, Calif. , April 12, 2024 /PRNewswire/ -- Harmonic (NASDA...

6 weeks ago - PRNewsWire

Filmocentro Enhances Playout Efficiency with Harmonic's Cloud Solutions

Managed by Totaltel, Harmonic's VOS360 Media SaaS Delivers Unmatched Efficiency and Reliability in Cloud Playout SAN JOSE, Calif. , April 11, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announc...

6 weeks ago - PRNewsWire

Harmonic Introduces State-of-the-Art In-Stream Advertising for Live Sports Streaming

New In-Stream Advertising Features on VOS®360 Ad SaaS Unlock Additional Monetization Opportunities SAN JOSE, Calif. , April 10, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a groundbre...

6 weeks ago - PRNewsWire

Harmonic Announces Conference Call to Discuss Recent Company Announcements

SAN JOSE, Calif. , April 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host a conference call on Thursday, April 11, 2024 at 1:30 p.m.

6 weeks ago - PRNewsWire

Harmonic ends review of its video business; CEO to retire

Harmonic HLIT, +1.55% ended a review of its video business without completing a transaction and said its chief executive would retire.

6 weeks ago - Market Watch

Harmonic Announces CEO Succession

Nimrod Ben-Natan to Succeed Patrick Harshman as President & CEO, Effective June 11, 2024 Concludes Video Business Strategic Review Process Updates First Quarter 2024 Revenue Guidance SAN JOSE, Calif. ...

6 weeks ago - PRNewsWire

Harmonic Sets the Standard for Video Streaming and Broadcast Excellence at 2024 NAB Show

AI Innovations are Reshaping Live Sports Streaming, Targeted Advertising, and More SAN JOSE, Calif. , April 4, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it is bringing its leading-e...

7 weeks ago - PRNewsWire

Harmonic to Showcase Fiber-Made-Simple Solutions at FTTH Conference 2024

Harmonic's Versatile Fiber Solutions Bring Unrivalled Flexibility to Fiber Broadband Service Delivery SAN JOSE, Calif. , March 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the comp...

2 months ago - PRNewsWire

Millicom Accelerates Fiber Deployments with Harmonic

Millicom Leverages Harmonic's Unique Hybrid Fiber-Cable, Node-Based Solution to Offer High-Speed Fiber to the Home Broadband  SAN JOSE, Calif. , Feb. 20, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) t...

Other symbols: TIGO
3 months ago - PRNewsWire

Harmonic Announces Fourth Quarter and Fiscal 2023 Results

Record quarterly total revenue of $167.1 million, up 31% quarter over quarter Broadband revenue up 20% and Video SaaS revenue up 26% year over year SAN JOSE, Calif. , Jan. 29, 2024 /PRNewswire/ -- Har...

4 months ago - PRNewsWire

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2023 Results

SAN JOSE, Calif. , Jan. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its fourth quarter and full year 2023 financial results after the market close on Monday, Janua...

4 months ago - PRNewsWire

DOCOMO PACIFIC Deploys New 10G FTTP Service with Harmonic

Harmonic's Market-Leading Virtualized Broadband Platform Quickly Brings Fiber Internet Connectivity to Residents SAN JOSE, Calif. , Jan. 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced...

4 months ago - PRNewsWire

Harmonic Announces New $160 Million Credit Facility

SAN JOSE, Calif. , Dec. 21, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") ...

5 months ago - PRNewsWire

Harmonic to Participate in Upcoming December 2023 Investor Conferences

SAN JOSE, Calif. , Nov. 21, 2023 /PRNewswire/ --­ Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, CFO of Harmonic, will participate in a fireside chat at the Raymond James 2023 TMT and C...

6 months ago - PRNewsWire

Harmonic to Participate in the 17th Annual Needham Virtual Security, Networking, & Communications Conference

SAN JOSE, Calif. , Nov. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, Chief Financial Officer of Harmonic, will participate in a fireside chat at the 17th Annua...

7 months ago - PRNewsWire

Okinawa Cable Network Inc. Transforms its Broadband Service with Harmonic

Harmonic's Market-Leading cOS Virtualized Broadband Platform Reduces Operational Costs while Forging Path to 10G Fiber SAN JOSE, Calif. , Nov. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today ann...

7 months ago - PRNewsWire

Harmonic Announces Third Quarter 2023 Results

Video SaaS revenue up 42% year over year SAN JOSE, Calif. , Oct. 30, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2023.

7 months ago - PRNewsWire

Harmonic Brings Industry-Leading Density to 10G Fiber Networks with New OLT Shelf

New Pier OLT Shelf Converges XGS PON, GPON and Combo PON in a Compact, Temperature-Hardened Device SAN JOSE, Calif. , Oct. 23, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the launch o...

7 months ago - PRNewsWire