Harmonic Inc. (HLIT)
| Market Cap | 944.58M |
| Revenue (ttm) | 543.01M |
| Net Income (ttm) | 17.85M |
| Shares Out | 104.49M |
| EPS (ttm) | 0.12 |
| PE Ratio | 75.33 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 177,915 |
| Open | 9.09 |
| Previous Close | 9.30 |
| Day's Range | 9.03 - 9.49 |
| 52-Week Range | 6.69 - 12.22 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 13.46 (+48.9%) |
| Earnings Date | May 2, 2022 |
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...
Financial Performance
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for HLIT stock is "Buy." The 12-month stock price forecast is 13.46, which is an increase of 48.89% from the latest price.
News
Harmonic to Participate in the 17th Annual Needham Technology & Media Conference
SAN JOSE, Calif. , May 10, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Chief Executive Officer, and Jeremy Rosenberg, Senior Vice President of Business Developmen...
Harmonic Highlights Network Convergence, Flexibility and Sustainability at ANGA COM 2022
SAN JOSE, Calif. , May 4, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will showcase transformative approaches to broadband network convergence at ANGA COM 2022.
Why Harmonic Stock Is Up Today
Investors were happy to see the company beat revenue and earnings estimates.
Harmonic Impresses with Demonstrations at CableLabs® 10G Showcase
SAN JOSE, Calif. , May 3, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it participated in the recent CableLabs® 10G Showcase, an industry event focused on DOCSIS® 4.0 technologies as a c...
Harmonic (HLIT) Beats Q1 Earnings and Revenue Estimates
Harmonic (HLIT) delivered earnings and revenue surprises of 100% and 4.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Harmonic Announces First Quarter 2022 Results
Revenue up 32% year over year Cable Access revenue up 98% year over year Record backlog and deferred revenue, up 81% year over year SAN JOSE, Calif. , May 2, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: ...
Here's Why Harmonic Shares Are Trading Higher Today
Harmonic Inc (NASDAQ: HLIT) added support for HDR10+ technology to its VOS360 cloud streaming platform and XOS software-based advanced media processing solution. The technology would enable richer video...
Harmonic Boosts Streaming Video Experiences with HDR10+
SAN JOSE, Calif. , April 21, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it has added support for HDR10+ technology to its VOS®360 cloud streaming platform and XOS software-based advanc...
Harmonic Announces Reporting Date for First Quarter 2022 Results
SAN JOSE, Calif. , April 18, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its first quarter 2022 financial results after the market close on Monday, May 2, 2022.
Third Harmonic Bio Strengthens Management Team with Addition of Adrian S. Ray, Ph.D.
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Third Harmonic Bio, a clinical-stage company developing a first-in-class, highly selective, oral KIT inhibitor for the treatment of severe allergy and inflammation, an...
CTV Beam Powers Lightning-Fast 10G Broadband With Harmonic
Harmonic's CableOS Converges FTTH PON and HFC DOCSIS Networks, Enabling the U.S. Operator to Flexibly Meet Growing High-Bandwidth Demands SAN JOSE, Calif. , April 5, 2022 /PRNewswire/ -- Harmonic (NASDA...
NBC SPORTS SELECTS ITS MEDIA PROCESSING SOLUTION PROVIDER FOR ITS PRODUCTION OF 2022 OLYMPIC & PARALYMPIC WINTER GAMES
STAMFORD, Conn., Feb. 16, 2022 /PRNewswire/ -- NBC Sports has selected Harmonic to provide its Edge media processing solution for its production of the XXIV Olympic Winter Games, from Beijing, China, Fe...
Third Harmonic Bio Launches to Advance the Next Wave of Medicine for Allergy and Inflammation
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Third Harmonic Bio, a clinical-stage company developing a first-in-class, highly selective, oral KIT inhibitor for treatment of severe allergy and inflammation, launch...
GCI Brings Next-Gen Broadband to the Alaskan Market with Harmonic
SAN JOSE, Calif., Feb. 15, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that GCI, Alaska's largest telecommunications company, is using Harmonic's industry-leading CableOS® Cloud-Native ...
Harmonic MAC Anywhere Solution Achieves Successful FMA Interoperability
SAN JOSE, Calif., Feb. 7, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a major achievement with interoperability for the CableLabs® Flexible MAC Architecture (FMA) specification.
Harmonic Announces $100 Million Stock Repurchase Program
SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that its board of directors has authorized a stock repurchase program under which the company may repurchase u...
Here's Why Harmonic Stock Is Down Today
Despite a revenue and earnings beat in the fourth quarter, investors weren't happy with the fact that earnings were down compared to the year-ago quarter.
Harmonic (HLIT) Q4 Earnings and Revenues Beat Estimates
Harmonic (HLIT) delivered earnings and revenue surprises of 14.29% and 2.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Harmonic Announces Fourth Quarter and Fiscal 2021 Results
SAN JOSE, Calif., Jan. 31, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2021.
Earnings Preview: Harmonic (HLIT) Q4 Earnings Expected to Decline
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.
Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2021 Results
SAN JOSE, Calif., Jan. 18, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its fourth quarter and full year 2021 financial results after the market close on Monday...
Harmonic (HLIT) Outpaces Stock Market Gains: What You Should Know
Harmonic (HLIT) closed at $11.44 in the latest trading session, marking a +0.79% move from the prior day.
Harmonic (HLIT) Gains As Market Dips: What You Should Know
In the latest trading session, Harmonic (HLIT) closed at $11.34, marking a +1.25% move from the previous day.
Harmonic to Participate in the 24th Annual Needham Virtual Growth Conference
SAN JOSE, Calif., Jan. 4, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Sanjay Kalra, Harmonic's Chief Financial Officer, and Jeremy Rosenberg, Harmonic's Senior Vice President of Bu...
Northland's Top 2022 Picks Comprise Adtran, Harmonic - Read Why
Northland analyst Tim Savageaux listed Adtran Inc (NASDAQ:ADTN) as one of his top picks for 2022. Savageaux reiterated his recently raised price target of $35, implying 50.5% upside, and Outperform rating.