Harmonic IncHLIT
HLIT
About: Harmonic Inc designs and manufactures video infrastructure products and system solutions to deliver video and broadband services to consumer devices. The firm operates in two segments: Video, which sells video processing, production, and playout solutions to cable operators and satellite and telecommunications providers; and Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.
Employees: 948
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
248% more call options, than puts
Call options by funds: $4.49M | Put options by funds: $1.29M
70% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 27
15% more capital invested
Capital invested by funds: $1.36B [Q2] → $1.56B (+$202M) [Q3]
9% more funds holding
Funds holding: 204 [Q2] → 223 (+19) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 75
6.98% less ownership
Funds ownership: 99.04% [Q2] → 92.06% (-6.98%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 4 (-2) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$12.50
6%
downside
Avg. target
$15.25
15%
upside
High target
$18
36%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Jefferies George Notter 86% 1-year accuracy 6 / 7 met price target | 6%downside $12.50 | Hold Downgraded | 29 Oct 2024 |
Rosenblatt Steve Frankel 75% 1-year accuracy 21 / 28 met price target | 20%upside $16 | Buy Maintained | 29 Oct 2024 |
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target | 28%upside $17 | Overweight Maintained | 29 Oct 2024 |
Northland Capital Markets Tim Savageaux 68% 1-year accuracy 17 / 25 met price target | 5%upside $14 | Outperform Maintained | 29 Oct 2024 |
Raymond James Simon Leopold 67% 1-year accuracy 14 / 21 met price target | 5%upside $14 | Outperform Downgraded | 29 Oct 2024 |
Financial journalist opinion
Based on 4 articles about HLIT published over the past 30 days
Positive
Zacks Investment Research
1 week ago
HLIT Streamlines Live Sports Distribution in Malaysia: Stock to Gain?
Two Wheels Motor Racing selects Harmonic's solution to deliver high quality video streaming experience to motor racing enthusiasts.
Neutral
PRNewsWire
1 week ago
Two Wheels Motor Racing Partners with Harmonic to Streamline Live Sports Distribution in Asia
SAN JOSE, Calif. , Dec. 18, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Two Wheels Motor Racing (TWMR) in Malaysia is simplifying the distribution of live sports events with Harmonic.
Positive
Zacks Investment Research
2 weeks ago
HLIT, Sercomm Team Up to Simplify DOCSIS 4.0 Adoption: Stock to Gain?
Harmonic and Sercomm join forces to streamline the adoption of DOCSIS 4.0 standard leveraging complementary capabilities.
Neutral
PRNewsWire
3 weeks ago
Sercomm and Harmonic Announce Strategic Collaboration on DOCSIS 4.0 Unified Technology
TAIPEI and SAN JOSE, Calif. , Dec. 9, 2024 /PRNewswire/ -- Sercomm (TWSE: 5388) and Harmonic (NASDAQ: HLIT) today announced an exclusive technology collaboration to advance DOCSIS 4.0 unified technologies.
Positive
Zacks Investment Research
1 month ago
3 Communication Stocks Set to Ride on Fiber Network & Cloud Focus
Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and HLIT are well-positioned to make the most of the demand for seamless connectivity solutions.
Neutral
PRNewsWire
1 month ago
Harmonic to Participate in Upcoming December 2024 Investor Conferences
SAN JOSE, Calif. , Nov. 26, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Nimrod Ben-Natan, President and CEO of Harmonic, and Walter Jankovic, Harmonic's Chief Financial Officer, will participate in a fireside chat at the Raymond James 2024 TMT and Consumer Conference in New York City, on Monday, December 9, 2024 at 8:20 a.m.
Neutral
Business Wire
1 month ago
Romanesque Capital Supports Sale of Harmonic Inc. to Maximize Shareholder Value
NAPLES, Fla.--(BUSINESS WIRE)--Romanesque Capital Management, LLC (collectively with its affiliates, “Romanesque Capital”), which is a long-term shareholder of Harmonic, Inc. (NASDAQ: HLIT), today issued the following statement regarding its support of a strategic review aimed at a sale to maximize shareholder value: “We have long held high conviction in Harmonic's market leading products, valuable partnerships and disruptive innovation, having been invested since 2016. Despite these tailwinds,.
Neutral
Business Wire
1 month ago
Ancora Releases Presentation Highlighting the Opportunity for Significant Near-Term Value Creation at Harmonic
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora”), a significant shareholder of Harmonic, Inc. (“Harmonic” or the “Company”) (NASDAQ: HLIT), today released a presentation detailing what it believes is an opportunity for significant near-term value creation: “The Unrealized Value Creation Opportunity at Harmonic.” Ancora plans to engage in a constructive and open dialogue with Harmonic to gauge the Board of Directors' willingness to evaluate the.
Positive
Seeking Alpha
2 months ago
Q3 Gains For Harmonic, But 2025 Growth Uncertain
Harmonic Inc. posted strong Q3 results with a Non-GAAP EPS of $0.26 and revenue of $195.76 million, driven by Broadband's DOCSIS 4.0 rollout. Despite growth, concerns include project delays, heavy reliance on major clients, and potential profit margin flattening, leading to a cautious outlook. Video segment profitability improved, but revenue dipped slightly; financials show strong cash position but expect margin fluctuations and inventory increases.
Neutral
Seeking Alpha
2 months ago
Harmonic Inc. (HLIT) Q3 2024 Earnings Call Transcript
Harmonic Inc. (NASDAQ:HLIT ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants David Hanover - IR Nimrod Ben-Natan - President & CEO Walter Jankovic - CFO Conference Call Participants Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities Tim Savageaux - Northland Capital Markets Simon Leopold - Raymond James George Notter - Jefferies Operator Welcome to the Third Quarter 2024 Harmonic Earnings Conference Call. My name is Josh, and I will be your operator for today's call.
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