Patrick Harshman - Harmonic CEO and President and Director

HLIT Stock  USD 10.03  0.20  1.96%   

CEO

Dr. Patrick J. Harshman is a President, Chief Executive Officer, Director of Harmonic Inc. Mr. Harshman joined the Company in 1993 and was appointed President and Chief Executive Officer in May 2006. Prior to 2006, he held several executive leadership positions for Harmonic including management of marketing, international sales, product management, and research and development functions since 2006.
Age 59
Tenure 18 years
Professional MarksPh.D
Address 2590 Orchard Parkway, San Jose, CA, United States, 95131
Phone408 542 2500
Webhttps://www.harmonicinc.com
Harshman earned a Ph.D. in Electrical Engineering from the University of California, Berkeley, and completed an executive management program at Stanford University. We believe that Mr. Harshman’s qualifications to serve on our Board include his many years of industry experience and extensive customer relationships, his management and operational experience, and his strong background in driving Harmonic’s marketleading broadband and video technologies.

Harmonic Management Efficiency

The company has return on total asset (ROA) of 0.02 % which means that it generated a profit of $0.02 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2206 %, meaning that it created $0.2206 on every $100 dollars invested by stockholders. Harmonic's management efficiency ratios could be used to measure how well Harmonic manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.17 in 2024. Return On Capital Employed is likely to gain to 0.05 in 2024. At this time, Harmonic's Total Current Liabilities is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 71.7 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 475.5 M in 2024.
The company currently holds 156.05 M in liabilities with Debt to Equity (D/E) ratio of 0.67, which is about average as compared to similar companies. Harmonic has a current ratio of 1.49, which is within standard range for the sector. Debt can assist Harmonic until it has trouble settling it off, either with new capital or with free cash flow. So, Harmonic's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Harmonic sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Harmonic to invest in growth at high rates of return. When we think about Harmonic's use of debt, we should always consider it together with cash and equity.

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Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company was incorporated in 1988 and is headquartered in San Jose, California. Harmonic operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 1299 people. Harmonic (HLIT) is traded on NASDAQ Exchange in USA. It is located in 2590 Orchard Parkway, San Jose, CA, United States, 95131 and employs 1,359 people. Harmonic is listed under Communications Equipment category by Fama And French industry classification.

Management Performance

Harmonic Leadership Team

Elected by the shareholders, the Harmonic's board of directors comprises two types of representatives: Harmonic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Harmonic. The board's role is to monitor Harmonic's management team and ensure that shareholders' interests are well served. Harmonic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Harmonic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Susan Swenson, Independent Director
Neven Haltmayer, Senior Vice President - Research and Development
Eric Louvet, Senior Vice President Global Sales and Video Services
Xiaojun Dou, Managing Director - China sales
Blair King, Director of Investor Relations
Walter Jankovic, Chief Officer
Ian Graham, Senior Services
Deborah Clifford, Director
Harold Covert, CFO and Sr. VP
EFloyd Kvamme, Independent Director
Sanjay Kalra, CFO, Principal Financial and Accounting Officer
Jeremy Rosenberg, Senior Development
Tom Lookabaugh, Director
Nikos Theodosopoulos, Director
Bart Spriester, Senior Vice President Video Products
Mitzi Reaugh, Independent Director
Timothy Chu, Senior Counsel
Tim Warren, Senior Vice President CTO,Video Business
Shahar Bar, Senior Development
David Krall, Director
Michael Smiley, Finance Manager
Patrick Gallagher, Independent Chairman of the Board
Patrick Harshman, CEO and President and Director
William Reddersen, Independent Director
Crystele TrevisanJallu, Senior Communications
JeanMarc Guiot, Senior IT
Nimrod BenNatan, Vice President General Manager - Cable Products

Harmonic Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Harmonic a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Harmonic Investors Sentiment

The influence of Harmonic's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Harmonic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Harmonic's public news can be used to forecast risks associated with an investment in Harmonic. The trend in average sentiment can be used to explain how an investor holding Harmonic can time the market purely based on public headlines and social activities around Harmonic. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Harmonic's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Harmonic's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Harmonic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Harmonic.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Harmonic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Harmonic's short interest history, or implied volatility extrapolated from Harmonic options trading.

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When determining whether Harmonic is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Harmonic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Harmonic Stock. Highlighted below are key reports to facilitate an investment decision about Harmonic Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.
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Is Harmonic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmonic. If investors know Harmonic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
13.465
Earnings Share
0.72
Revenue Per Share
5.445
Quarterly Revenue Growth
0.017
Return On Assets
0.02
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmonic's market value can be influenced by many factors that don't directly affect Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.