Harmonic Launches New High-Density Remote OLT to Simplify Fiber Broadband Service
PRNewswire (Mon, 13-May 3:05 AM ET)
Seeking Alpha News (Fri, 10-May 3:00 PM ET)
Harmonic to Host Virtual Analyst Day
PRNewswire (Wed, 8-May 4:05 PM ET)
Harmonic Sets the Pace for Intelligent Broadband Networks at ANGA COM 2024
PRNewswire (Wed, 8-May 3:05 AM ET)
PRNewswire (Tue, 7-May 4:05 PM ET)
Harmonic Extends cOS Broadband Platform with Breakthrough Intelligent Speed Maximizer
PRNewswire (Mon, 29-Apr 4:20 PM ET)
Harmonic Announces First Quarter 2024 Results
PRNewswire (Mon, 29-Apr 4:05 PM ET)
Harmonic Announces Reporting Date for First Quarter 2024 Results
PRNewswire (Mon, 15-Apr 5:00 PM ET)
Harmonic VOS Media Software Achieves CNF Certification on Red Hat OpenShift
PRNewswire (Fri, 12-Apr 8:00 AM ET)
Filmocentro Enhances Playout Efficiency with Harmonic's Cloud Solutions
PRNewswire (Thu, 11-Apr 8:00 AM ET)
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.
Harmonic trades on the NASDAQ stock market under the symbol HLIT.
As of May 15, 2024, HLIT stock price declined to $11.32 with 26,285 million shares trading.
HLIT has a beta of 2.07, meaning it tends to be more sensitive to market movements. HLIT has a correlation of 0.20 to the broad based SPY ETF.
HLIT has a market cap of $1.27 billion. This is considered a Small Cap stock.
Last quarter Harmonic reported $122 million in Revenue and $.00 earnings per share. This beat revenue expectation by $360,000 and exceeded earnings estimates by $.01.
In the last 3 years, HLIT stock traded as high as $18.43 and as low as $6.69.
The top ETF exchange traded funds that HLIT belongs to (by Net Assets): IJR, VTI, VGT, IWM, VXF.
HLIT has underperformed the market in the last year with a return of -30.3%, while the SPY ETF gained +29.4%. In the last 3 month period, HLIT fell short of the market, returning -19.4%, while SPY returned +5.8%. However, in the most recent 2 weeks HLIT has outperformed the stock market by returning +5.4%, while SPY returned +4.7%.
HLIT support price is $11.14 and resistance is $11.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HLIT stock will trade within this expected range on the day.