HLIT Stock Overview
Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$11.32|
|52 Week High||US$12.22|
|52 Week Low||US$8.25|
|1 Month Change||13.31%|
|3 Month Change||21.72%|
|1 Year Change||15.16%|
|3 Year Change||72.56%|
|5 Year Change||245.65%|
|Change since IPO||56.81%|
Recent News & Updates
|HLIT||US Communications||US Market|
Return vs Industry: HLIT exceeded the US Communications industry which returned -6.5% over the past year.
Return vs Market: HLIT exceeded the US Market which returned -8.4% over the past year.
|HLIT Average Weekly Movement||5.1%|
|Communications Industry Average Movement||8.3%|
|Market Average Movement||7.6%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: HLIT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HLIT's weekly volatility (5%) has been stable over the past year.
About the Company
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.
Harmonic Fundamentals Summary
|HLIT fundamental statistics|
Is HLIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HLIT income statement (TTM)|
|Cost of Revenue||US$291.01m|
Last Reported Earnings
Jul 01, 2022
Next Earnings Date
|Earnings per share (EPS)||0.33|
|Net Profit Margin||5.91%|
How did HLIT perform over the long term?See historical performance and comparison
Is HLIT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HLIT?
Other financial metrics that can be useful for relative valuation.
|What is HLIT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HLIT's PE Ratio compare to its peers?
|HLIT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
DGII Digi International
EXTR Extreme Networks
Price-To-Earnings vs Peers: HLIT is good value based on its Price-To-Earnings Ratio (34.3x) compared to the peer average (78.6x).
Price to Earnings Ratio vs Industry
How does HLIT's PE Ratio compare vs other companies in the US Communications Industry?
Price-To-Earnings vs Industry: HLIT is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the US Communications industry average (24x)
Price to Earnings Ratio vs Fair Ratio
What is HLIT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||34.3x|
|Fair PE Ratio||32.8x|
Price-To-Earnings vs Fair Ratio: HLIT is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the estimated Fair Price-To-Earnings Ratio (32.8x).
Share Price vs Fair Value
What is the Fair Price of HLIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate HLIT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate HLIT's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Harmonic forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HLIT's forecast earnings growth (43.9% per year) is above the savings rate (1.9%).
Earnings vs Market: HLIT's earnings (43.9% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: HLIT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HLIT's revenue (14.4% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: HLIT's revenue (14.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HLIT's Return on Equity is forecast to be high in 3 years time
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How has Harmonic performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HLIT has high quality earnings.
Growing Profit Margin: HLIT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HLIT has become profitable over the past 5 years, growing earnings by 59.9% per year.
Accelerating Growth: HLIT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HLIT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (20.7%).
Return on Equity
High ROE: HLIT's Return on Equity (11.7%) is considered low.
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How is Harmonic's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HLIT's short term assets ($338.4M) exceed its short term liabilities ($222.0M).
Long Term Liabilities: HLIT's short term assets ($338.4M) exceed its long term liabilities ($179.6M).
Debt to Equity History and Analysis
Debt Level: HLIT's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: HLIT's debt to equity ratio has increased from 53.2% to 56.2% over the past 5 years.
Debt Coverage: HLIT's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: HLIT's interest payments on its debt are well covered by EBIT (4.9x coverage).
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What is Harmonic current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HLIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HLIT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HLIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HLIT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as HLIT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Harshman (57 yo)
Dr. Patrick J. Harshman has been the Chief Executive Officer and President of Harmonic Inc. since May 4, 2006. Dr. Harshman has driven Harmonic’s strategic re-positioning as the worldwide leader in video d...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD4.63M) is about average for companies of similar size in the US market ($USD3.90M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
Experienced Management: HLIT's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: HLIT's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HLIT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.
Harmonic Inc.'s employee growth, exchange listings and data sources
- Name: Harmonic Inc.
- Ticker: HLIT
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Communications Equipment
- Sector: Tech
- Implied Market Cap: US$1.189b
- Shares outstanding: 105.06m
- Website: https://www.harmonicinc.com
Number of Employees
- Harmonic Inc.
- 2590 Orchard Parkway
- San Jose
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/19 00:00|
|End of Day Share Price||2022/08/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.