Harold Covert - Harmonic CFO and Sr. VP
| HLIT Stock | USD 9.40 0.20 2.17% |
CFO
Mr. Harold L. Covert Jr was appointed as Chief Financial Officer and Principal Financial and Accounting Officer of the Company. Mr. Covert has served on Harmonics Board since June 2007. From April 2014 through September 2014, he served as an advisor to Lumos Networks Corporationrationration, a fiberbased service provider. From September 2011 through March 2014, Mr. Covert served as Executive Vice President and Chief Financial Officer of Lumos Networks. From September 2010 to September 2011, he was an independent business consultant. From October 2007 until September 2010, Mr. Covert was an executive of Silicon Image, Inc., a semiconductor company, serving as Chief Financial Officer from October 2007 until January 2010 and also as its President from September 2009 through September 2010. From 2005 to 2007, Mr. Covert was Executive Vice President and Chief Financial Officer of Openwave Systems Inc., a software applications and infrastructure company. Prior to Openwave, Mr. Covert was Chief Financial Officer at Fortinet Inc. from 2003 to 2005, and Executive Vice President and Chief Financial Officer of Extreme Networks, Inc. from 2001 to 2003. Mr. Covert was a Director and Chairman of the Audit Committee for Lumentum Holdings, Inc. since August 2015. Mr. Covert was a Director and Chairman of the Audit Committee at JDS Uniphase Corporation from January 2006 until August 2015. Mr. Covert was a director at Solta Medical, Inc. from June 2007 until January 2014 and was a director of Silicon Image from January 2010 until September 2010 since 2015.
| Age | 68 |
| Tenure | 9 years |
| Professional Marks | MBA |
| Address | 2590 Orchard Parkway, San Jose, CA, United States, 95131 |
| Phone | 408 542 2500 |
| Web | https://www.harmonicinc.com |
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.Similar Executives
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| Cindy Payne | Akoustis Technologies | 55 | |
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Management Performance
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.02 |
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.
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.02 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 1.12 B | ||||
| Shares Outstanding | 111.91 M | ||||
| Shares Owned By Insiders | 2.00 % | ||||
| Shares Owned By Institutions | 98.00 % | ||||
| Number Of Shares Shorted | 7.62 M | ||||
| Price To Earning | 40.24 X |
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.
Harmonic Implied Volatility | 56.53 |
Harmonic's implied volatility exposes the market's sentiment of Harmonic stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Harmonic's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Harmonic stock will not fluctuate a lot when Harmonic's options are near their expiration.
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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Complementary Tools for Harmonic Stock analysis
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.