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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 Introduces State-of-the-Art In-Stream Advertising for Live Sports Streaming
PRNewswire (Wed, 10-Apr 8:00 AM ET)
Harmonic Announces Conference Call to Discuss Recent Company Announcements
PRNewswire (Tue, 9-Apr 4:30 PM ET)
Harmonic Announces CEO Succession
PRNewswire (Mon, 8-Apr 4:30 PM ET)
Harmonic Sets the Standard for Video Streaming and Broadcast Excellence at 2024 NAB Show
PRNewswire (Sat, 6-Apr 12:57 AM ET)
Harmonic to Showcase Fiber-Made-Simple Solutions at FTTH Conference 2024
PRNewswire (Wed, 13-Mar 8:00 AM ET)
Millicom Accelerates Fiber Deployments with Harmonic
PRNewswire (Tue, 20-Feb 8:00 AM ET)
Harmonic Announces Fourth Quarter and Fiscal 2023 Results
PRNewswire (Mon, 29-Jan 4:05 PM 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 April 24, 2024, HLIT stock price declined to $9.41 with 106,298 million shares trading.
HLIT has a beta of 1.99, meaning it tends to be more sensitive to market movements. HLIT has a correlation of 0.19 to the broad based SPY ETF.
HLIT has a market cap of $1.05 billion. This is considered a Small Cap stock.
Last quarter Harmonic reported $167 million in Revenue and $.13 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.03.
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 price return of -33.5% while the SPY ETF gained +24.5%. HLIT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.8% and -16.1%, respectively, while the SPY returned +4.8% and -2.5%, respectively.
HLIT support price is $9.34 and resistance is $9.82 (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.