Harmonic Stock Today
| HLIT Stock | USD 9.40 0.20 2.17% |
Performance0 of 100
| Odds Of DistressLess than 1
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Harmonic is selling for under 9.40 as of the 30th of April 2024; that is 2.17% increase since the beginning of the trading day. The stock's last reported lowest price was 9.16. Harmonic has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Harmonic are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of May 2022 and ending today, the 30th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 22nd of May 1995 | Category Technology | Classification Information Technology |
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. The company has 111.91 M outstanding shares of which 7.62 M shares are currently shorted by private and institutional investors with about 4.15 trading days to cover. More on Harmonic
Moving against Harmonic Stock
| 0.52 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.5 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 13th of May 2024
Harmonic Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Harmonic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Harmonic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Patrick Harshman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Communications Equipment, Technology Hardware & Equipment, Information Technology, SP Small-Cap 600, NASDAQ Composite, Information Technology, Communications Equipment, Communication Equipment, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Harmonic report their recommendations after researching Harmonic's financial statements, talking to executives and customers, or listening in on Harmonic's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Harmonic. The Harmonic consensus assessment is calculated by taking the average forecast from all of the analysts covering Harmonic. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Harmonic's historical financial statements, Harmonic is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Harmonic is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Harmonic's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Harmonic's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Harmonic's financial leverage. It provides some insight into what part of Harmonic's total assets is financed by creditors.
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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. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Harmonic's market, we take the total number of its shares issued and multiply it by Harmonic's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Harmonic conducts business under Communications Equipment sector and is part of Information Technology industry. The entity has 111.91 M outstanding shares of which 7.62 M shares are currently shorted by private and institutional investors with about 4.15 trading days to cover.
Harmonic currently holds about 121.82 M in cash with 7.06 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.16.
Check Harmonic Probability Of Bankruptcy
Ownership AllocationHarmonic secures a total of 111.91 Million outstanding shares. The majority of Harmonic outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Harmonic to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Harmonic. Please pay attention to any change in the institutional holdings of Harmonic as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Harmonic Ownership Details
Harmonic Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Harmonic jumping above the current price in 90 days from now is about 99.0%. The Harmonic probability density function shows the probability of Harmonic stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.0301. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Harmonic will likely underperform. Additionally, harmonic has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Harmonic to move above the current price in 90 days from now is about 99.0 (This Harmonic probability density function shows the probability of Harmonic Stock to fall within a particular range of prices over 90 days) .
Harmonic Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Harmonic that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Harmonic's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Harmonic's value.| Instituion | Recorded On | Shares | |
| Ameriprise Financial Inc | 2023-12-31 | 2.4 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 2.1 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.9 M | |
| Toronado Partners, Llc | 2023-12-31 | 1.8 M | |
| Victory Capital Management Inc. | 2023-12-31 | 1.6 M | |
| Westfield Capital Management Company, Lp | 2023-12-31 | 1.5 M | |
| Macquarie Group Ltd | 2023-12-31 | 1.3 M | |
| Wasatch Advisors Lp | 2023-12-31 | 1.3 M | |
| Wolf Hill Capital Management, Lp | 2023-12-31 | 1.3 M | |
| Blackrock Inc | 2023-12-31 | 17.6 M | |
| Vanguard Group Inc | 2023-12-31 | 9.7 M |
Harmonic Historical Income Statement
Harmonic Income Statement is one of the three primary financial statements used for reporting Harmonic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Harmonic revenue and expense. Harmonic Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Harmonic's Non Operating Income Net Other is comparatively stable compared to the past year. Tax Provision is likely to gain to about 20.3 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 380.4 M in 2024. View More FundamentalsHarmonic Stock Against Markets
Picking the right benchmark for Harmonic stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Harmonic stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Harmonic is critical whether you are bullish or bearish towards Harmonic at a given time. Please also check how Harmonic's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Harmonic without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Harmonic Corporate Directors
Harmonic corporate directors refer to members of a Harmonic board of directors. The board of directors generally takes responsibility for the Harmonic's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Harmonic's board members must vote for the resolution. The Harmonic board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Susan Swenson | Independent Director | Profile | |
| Blair King | Director of Investor Relations | Profile | |
| Deborah Clifford | Director | Profile | |
| EFloyd Kvamme | Independent Director | Profile |
How to buy Harmonic Stock?
Before investing in Harmonic, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Harmonic. To buy Harmonic stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Harmonic. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Harmonic stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Harmonic stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Harmonic stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Harmonic, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.
Already Invested in Harmonic?
The danger of trading Harmonic is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Harmonic is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Harmonic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Harmonic is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.