Harmonic Stock Today

HLIT Stock  USD 12.82  0.26  2.07%   

Performance

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Odds Of Distress

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Harmonic is selling for under 12.82 as of the 30th of November 2024; that is 2.07 percent increase since the beginning of the trading day. The stock's last reported lowest price was 12.6. 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 3rd of June 2024 and ending today, the 30th of November 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 116.53 M outstanding shares of which 3.92 M shares are currently shorted by private and institutional investors with about 2.78 trading days to cover. More on Harmonic

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Harmonic Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO and President and DirectorPatrick Harshman
Business ConcentrationCommunications Equipment, Technology Hardware & Equipment, Information Technology, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Communications Equipment, Communication Equipment, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.920.7913
Fairly Up
Very volatile
Gross Profit Margin0.360.5141
Way Down
Very volatile
Total Current Liabilities286 M272.4 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total71.7 M58.9 M
Fairly Up
Slightly volatile
Total Assets475.5 M768.2 M
Way Down
Slightly volatile
Total Current Assets266.8 M330.7 M
Significantly Down
Pretty Stable
Total Cash From Operating ActivitiesM7.1 M
Way Down
Slightly volatile
Debt Levels
Harmonic can leverage 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.
Liquidity
Harmonic 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. Note, when we think about Harmonic's use of debt, we should always consider it together with its cash and equity.

Total Cash From Operating Activities

5.03 Million
Harmonic (HLIT) is traded on NASDAQ Exchange in USA. It is located in 2590 Orchard Parkway, San Jose, CA, United States, 95131 and employs 1,238 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 1.49 B. Harmonic conducts business under Communications Equipment sector and is part of Information Technology industry. The entity has 116.53 M outstanding shares of which 3.92 M shares are currently shorted by private and institutional investors with about 2.78 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 Allocation
Harmonic has a total of 116.53 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. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Harmonic Ownership Details

Harmonic Stock Institutional Holders

InstituionRecorded OnShares
Scopia Management Inc2024-09-30
2.2 M
Alyeska Investment Group, L.p.2024-09-30
M
Nuveen Asset Management, Llc2024-06-30
1.9 M
Wasatch Advisors Lp2024-09-30
1.7 M
Toronado Partners, Llc2024-09-30
1.3 M
Victory Capital Management Inc.2024-09-30
1.3 M
Centerbook Partners Lp2024-09-30
1.3 M
Point72 Asset Management, L.p.2024-09-30
1.2 M
Assenagon Asset Management Sa2024-09-30
1.2 M
Blackrock Inc2024-06-30
17.6 M
Vanguard Group Inc2024-09-30
10.8 M
View Harmonic Diagnostics

Harmonic Historical Income Statement

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 Fundamentals

Harmonic Stock Against Markets

Harmonic Corporate Management

Gil RudgeSenior ProductsProfile
Walter JankovicChief OfficerProfile
Ian GrahamSenior ServicesProfile
David HanoverInvestor OfficerProfile
Timothy ChuSenior CounselProfile
Timothy JDSenior CounselProfile

Additional 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.