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Harmonic Inc. (HLIT)

Stock Price: $6.81 USD -0.26 (-3.68%)
Updated Oct 26, 2020 4:00 PM EDT - Market closed
After-hours: $6.70 -0.11 (-1.62%) Oct 26, 4:25 PM

Stock Price Chart

Key Info

Market Cap 663.49M
Revenue (ttm) 390.31M
Net Income (ttm) -20.13M
Shares Out 97.43M
EPS (ttm) -0.22
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 26, 2020
Last Price $6.81
Previous Close $7.07
Change ($) -0.26
Change (%) -3.68%
Day's Open 6.99
Day's Range 6.76 - 7.10
Day's Volume 1,025,519
52-Week Range 4.44 - 8.57

More Stats

Market Cap 663.49M
Enterprise Value 740.47M
Earnings Date (est) Oct 26, 2020
Ex-Dividend Date n/a
Shares Outstanding 97.43M
Float 93.85M
EPS (basic) -0.20
EPS (diluted) -0.22
FCF / Share 0.09
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield 1.31%
Payout Ratio n/a
Shares Short 6.68M
Short Ratio 10.87
Short % of Float 7.12%
Beta 0.86
PE Ratio n/a
Forward PE n/a
P/FCF Ratio 76.36
PS Ratio 1.70
PB Ratio 2.99
Revenue 390.31M
Operating Income 1.65M
Net Income -20.13M
Free Cash Flow 8.69M
Net Cash -76.98M
Net Cash / Share -0.79
Gross Margin 57.49%
Operating Margin 0.42%
Profit Margin -5.20%
FCF Margin 2.23%
ROA 0.71%
ROE -9.10%
ROIC -3.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (8)

Buy 4
Overweight 1
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$7.81*
(14.68% upside)
Low
6.00
Current: $6.81
High
9.00
Target: 7.81
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue403404358406377434462477491423
Revenue Growth-0.17%12.65%-11.74%7.66%-13.04%-6.14%-3.13%-2.85%15.95%-
Gross Profit223209170201203212220221237195
Operating Income13.08-5.01-70.88-67.04-12.95-21.57-23.02-17.921.515.14
Net Income-5.92-21.04-82.96-72.31-15.66-46.2537.03-10.948.78-4.34
Shares Outstanding89.5885.6280.9777.7187.5192.51107116115101
Earnings Per Share-0.07-0.25-1.02-0.93-0.18-0.500.34-0.090.08-0.04
Operating Cash Flow31.3012.283.060.446.3547.3753.7670.8145.1817.57
Capital Expenditures-10.33-7.04-11.40-15.11-14.36-10.07-14.58-12.61-17.27-35.62
Free Cash Flow20.975.24-8.34-14.67-8.0137.3039.1858.2027.91-18.06
Cash & Equivalents93.0665.9957.0262.56153105171201162120
Total Debt15213513212498.30-----
Net Cash / Debt-58.58-68.68-74.67-61.8954.50105171201162120
Assets587511508554525481606718734720
Liabilities332283290283197109112164170200
Book Value252228218271328372494553564520
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Harmonic Inc.
Country United States
Employees 1,172
CEO Patrick J. Harshman

Stock Information

Ticker Symbol HLIT
Stock Exchange NASDAQ
Sector Technology
Industry Communication Equipment
Unique Identifier NASDAQ: HLIT
IPO Date May 22, 1995

Description

Harmonic, together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segment, Video and Cable Access. The Video segment sells video processing, and 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 solutions include network management and application software, and hardware products, such as appliances, broadcast and over-the-top encoders, contribution encoders, high-density transcoders, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Access segment offers cable edge solutions and related services, including CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. Harmonic Inc.was founded in 1988 and is headquartered in San Jose, California.