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Harmonic

Nasdaq:HLIT
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLIT
Nasdaq
$725M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. The last earnings update was 6 days ago. More info.


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HLIT Share Price and Events
7 Day Returns
0.3%
NasdaqGS:HLIT
4.7%
US Communications
0.9%
US Market
1 Year Returns
35.5%
NasdaqGS:HLIT
1.1%
US Communications
10.5%
US Market
HLIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harmonic (HLIT) 0.3% 31% 14.4% 35.5% 63.7% 18.1%
US Communications 4.7% 5.9% -3.8% 1.1% 42.8% 65.8%
US Market 0.9% 5.2% 5.4% 10.5% 40.1% 45%
1 Year Return vs Industry and Market
  • HLIT outperformed the Communications industry which returned 1.1% over the past year.
  • HLIT outperformed the Market in United States of America which returned 10.5% over the past year.
Price Volatility
HLIT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Harmonic undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Harmonic. This is due to cash flow or dividend data being unavailable. The share price is $8.02.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Harmonic's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harmonic's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HLIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-27) in USD $-0.09
NasdaqGS:HLIT Share Price ** NasdaqGS (2019-11-08) in USD $8.02
United States of America Communications Industry PE Ratio Median Figure of 30 Publicly-Listed Communications Companies 24.34x
United States of America Market PE Ratio Median Figure of 2,915 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Harmonic.

NasdaqGS:HLIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HLIT Share Price ÷ EPS (both in USD)

= 8.02 ÷ -0.09

-86.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harmonic is loss making, we can't compare its value to the US Communications industry average.
  • Harmonic is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Harmonic's expected growth come at a high price?
Raw Data
NasdaqGS:HLIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -86.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
89.9%per year
United States of America Communications Industry PEG Ratio Median Figure of 19 Publicly-Listed Communications Companies 1.44x
United States of America Market PEG Ratio Median Figure of 2,014 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Harmonic, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Harmonic's assets?
Raw Data
NasdaqGS:HLIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-27) in USD $2.67
NasdaqGS:HLIT Share Price * NasdaqGS (2019-11-08) in USD $8.02
United States of America Communications Industry PB Ratio Median Figure of 61 Publicly-Listed Communications Companies 1.85x
United States of America Market PB Ratio Median Figure of 5,041 Publicly-Listed Companies 1.74x
NasdaqGS:HLIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HLIT Share Price ÷ Book Value per Share (both in USD)

= 8.02 ÷ 2.67

3x

* Primary Listing of Harmonic.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harmonic is overvalued based on assets compared to the US Communications industry average.
X
Value checks
We assess Harmonic's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Harmonic has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Harmonic expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
89.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harmonic expected to grow at an attractive rate?
  • Harmonic's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Harmonic's earnings growth is expected to exceed the United States of America market average.
  • Harmonic's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HLIT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HLIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 89.9%
NasdaqGS:HLIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 11.8%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 12%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HLIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HLIT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 502 45 14 3
2020-12-31 439 29 -11 6
2019-12-31 394 42 -11 6
2019-11-10
NasdaqGS:HLIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-27 394 8 -8
2019-06-28 379 4 -28
2019-03-29 394 23 -19
2018-12-31 404 12 -21
2018-09-28 391 15 -36
2018-06-29 382 4 -44
2018-03-30 365 0 -73
2017-12-31 358 3 -83
2017-09-29 370 7 -82
2017-06-30 380 11 -82
2017-03-31 407 3 -71
2016-12-31 406 0 -72
2016-09-30 379 -15 -69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Harmonic's earnings are expected to grow significantly at over 20% yearly.
  • Harmonic's revenue is expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HLIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Harmonic Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HLIT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.14 0.23 0.05 2.00
2020-12-31 -0.11 -0.09 -0.14 3.00
2019-12-31 -0.12 -0.10 -0.14 3.00
2019-11-10
NasdaqGS:HLIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-27 -0.09
2019-06-28 -0.31
2019-03-29 -0.22
2018-12-31 -0.25
2018-09-28 -0.43
2018-06-29 -0.53
2018-03-30 -0.89
2017-12-31 -1.02
2017-09-29 -1.02
2017-06-30 -1.03
2017-03-31 -0.91
2016-12-31 -0.93
2016-09-30 -0.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Harmonic will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Harmonic's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Harmonic has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Harmonic performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Harmonic's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Harmonic does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Harmonic's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Harmonic's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
Harmonic's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Harmonic Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HLIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-27 394.35 -8.16 118.56 84.82
2019-06-28 379.24 -27.58 117.13 86.88
2019-03-29 393.54 -18.65 115.80 87.11
2018-12-31 403.56 -21.04 118.95 89.16
2018-09-28 390.88 -36.21 118.30 90.00
2018-06-29 382.28 -44.04 119.70 89.03
2018-03-30 365.43 -72.62 124.33 94.55
2017-12-31 358.25 -82.96 127.80 95.97
2017-09-29 370.37 -81.55 132.70 97.08
2017-06-30 379.77 -81.98 132.80 99.84
2017-03-31 407.02 -71.16 134.22 98.80
2016-12-31 405.91 -72.31 129.47 97.43
2016-09-30 379.41 -69.07 124.66 95.29
2016-07-01 361.31 -57.87 122.41 92.92
2016-04-01 354.84 -38.18 119.65 88.73
2015-12-31 377.03 -15.66 120.96 87.55
2015-10-02 398.30 -13.32 124.13 88.71
2015-07-03 423.06 -7.43 127.27 89.83
2015-04-03 429.54 -43.50 128.97 91.50
2014-12-31 433.56 -46.25 131.32 93.06
2014-09-26 445.90 -43.57 132.43 94.48
2014-06-27 460.76 -7.98 132.85 96.24
2014-03-28 468.30 25.68 134.29 98.58
2013-12-31 461.94 21.59 134.01 99.94
2013-09-27 459.70 24.66 133.48 101.05
2013-06-28 457.17 -16.49 132.08 102.08
2013-03-29 462.10 -16.96 128.98 101.12
2012-12-31 476.87 -16.19 127.12 102.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Harmonic has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Harmonic used its assets less efficiently than the US Communications industry average last year based on Return on Assets.
  • It is difficult to establish if Harmonic improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Harmonic's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Harmonic has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Harmonic's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Harmonic's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harmonic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Harmonic's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Harmonic's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Harmonic Company Filings, last reported 1 month ago.

NasdaqGS:HLIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-27 241.05 147.48 66.70
2019-06-28 212.07 136.05 58.06
2019-03-29 220.56 135.80 69.92
2018-12-31 228.25 134.51 65.99
2018-09-28 223.03 133.69 61.65
2018-06-29 220.74 127.18 54.10
2018-03-30 225.97 132.32 52.05
2017-12-31 218.34 131.69 57.02
2017-09-29 220.60 128.86 50.04
2017-06-30 227.58 120.90 52.89
2017-03-31 251.41 123.51 55.29
2016-12-31 270.64 124.45 62.56
2016-09-30 281.45 122.68 52.67
2016-07-01 292.08 122.41 65.28
2016-04-01 311.27 122.72 76.23
2015-12-31 328.17 98.30 152.79
2015-10-02 359.87 0.00 87.56
2015-07-03 371.22 0.00 105.08
2015-04-03 371.52 0.00 101.86
2014-12-31 371.81 0.00 104.88
2014-09-26 380.15 0.00 97.18
2014-06-27 404.81 0.00 134.41
2014-03-28 462.48 0.00 147.74
2013-12-31 494.17 0.00 170.58
2013-09-27 505.51 0.00 169.30
2013-06-28 469.52 0.00 161.68
2013-03-29 556.06 0.00 228.25
2012-12-31 553.41 0.00 201.18
  • Harmonic's level of debt (61.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if Harmonic's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Harmonic has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Harmonic has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -97.9% per year.
X
Financial health checks
We assess Harmonic's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Harmonic has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Harmonic's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Harmonic dividends.
If you bought $2,000 of Harmonic shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Harmonic's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Harmonic's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HLIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1944 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HLIT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-10

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Harmonic has not reported any payouts.
  • Unable to verify if Harmonic's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Harmonic's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Harmonic has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Harmonic's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Harmonic afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harmonic has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Harmonic's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrick Harshman
COMPENSATION $2,343,074
AGE 54
TENURE AS CEO 13.5 years
CEO Bio

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 delivery infrastructure and overseen the rapid expansion of its customer base, international presence and video product portfolio. He joined Harmonic Inc. in 1993 and served as President of its Broadband Access Networks Division from January 2001 to July 1, 2005. He served as President of the Convergent Systems division of Harmonic since July 1, 2005 and its Executive Vice President of consolidated research and development marketing and manufacturing division from January 1, 2006 to May 4, 2006. Over the last eight years, Dr. Harshman had management responsibilities for Harmonic’s digital video and fiber optic transmission product lines. He served as Vice President of Marketing for digital video and fiber optic transmission division of Harmonic Inc. He served as Director of Product Line Management of Digital Systems. He has been a Director of Harmonic Inc. since May 4, 2006. Dr. Harshman received a Ph.D. in Electrical Engineering from the University of California, Berkeley, where his graduate research focused on Nonlinear Optical Phenomena in Optical Communication Systems and completed an Executive Management Program at Stanford University. He also holds a B.S. in Electrical Engineering from the University of Florida.

CEO Compensation
  • Patrick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Harmonic management team in years:

6.1
Average Tenure
51
Average Age
  • The average tenure for the Harmonic management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Patrick Harshman

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
13.5 yrs

Sanjay Kalra

TITLE
Senior VP
COMPENSATION
$1M
AGE
46
TENURE
2.4 yrs

Neven Haltmayer

TITLE
Senior Vice President of R&D - Video Business
COMPENSATION
$965K
AGE
54
TENURE
8.7 yrs

Nimrod Ben-Natan

TITLE
Senior VP & GM of Cable Access Business
COMPENSATION
$1M
AGE
51
TENURE
7.4 yrs

Tim Chu

TITLE
General Counsel
AGE
46
TENURE
6.1 yrs

Shahar Bar

TITLE
Senior Vice President of Corporate Development

Eric Louvet

TITLE
Senior VP of Global Sales & Video Services
TENURE
0.8 yrs

Jeremy Rosenberg

TITLE
Senior Vice President of Business Development
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Harmonic board of directors in years:

6.6
Average Tenure
56
Average Age
  • The tenure for the Harmonic board of directors is about average.
Board of Directors

Pat Gallagher

TITLE
Chairman of the Board
COMPENSATION
$209K
AGE
64
TENURE
6.6 yrs

Patrick Harshman

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
13.5 yrs

Susan Swenson

TITLE
Independent Director
COMPENSATION
$182K
AGE
70
TENURE
7.8 yrs

Mitzi Reaugh

TITLE
Independent Director
COMPENSATION
$164K
AGE
41
TENURE
7.3 yrs

Nikos Theodosopoulos

TITLE
Independent Director
COMPENSATION
$187K
AGE
56
TENURE
4.7 yrs

David Krall

TITLE
Independent Director
COMPENSATION
$205K
AGE
59
TENURE
1.8 yrs

Debbie Clifford

TITLE
Independent Director
COMPENSATION
$170K
AGE
45
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Harmonic's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Harmonic has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Harmonic Inc. (NASDAQ:HLIT): Are Analysts Optimistic?

Many investors are wondering the rate at which HLIT will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for HLIT, its year of breakeven and its implied growth rate. … NasdaqGS:HLIT Past and Future Earnings, August 21st 2019 Given this is a high-level overview, I won’t go into details of HLIT’s upcoming projects, however, take into account that by and large a high forecast growth rate is not unusual for a company that is currently undergoing an investment period. … For a more comprehensive look at HLIT, take a look at HLIT’s company page on Simply Wall St.

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Does Harmonic (NASDAQ:HLIT) Have A Healthy Balance Sheet?

NasdaqGS:HLIT Historical Debt, July 31st 2019 How Strong Is Harmonic's Balance Sheet? … While this might seem like a lot, it is not so bad since Harmonic has a market capitalization of US$649.1m, and so it could probably strengthen its balance sheet by raising capital if it needed to. … But it is future earnings, more than anything, that will determine Harmonic's ability to maintain a healthy balance sheet going forward.

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Is It Time To Consider Buying Harmonic Inc. (NASDAQ:HLIT)?

Great news for investors – Harmonic is still trading at a fairly cheap price. … Harmonic’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

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Does Market Volatility Impact Harmonic Inc.'s (NASDAQ:HLIT) Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … The fact that this is well below 1 indicates that its share price movements haven't historically been very sensitive to overall market volatility.

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Harmonic Inc. (NASDAQ:HLIT): What Does Its Beta Value Mean For Your Portfolio?

(NASDAQ:HLIT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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Is Harmonic Inc.'s (NASDAQ:HLIT) CEO Paid Enough Relative To Peers?

View our latest analysis for Harmonic How Does Patrick Harshman's Compensation Compare With Similar Sized Companies? … We examined companies with market caps from US$200m to US$800m, and discovered that the median CEO total compensation of that group was US$1.8m. … Thus we can conclude that Patrick Harshman receives more in total compensation than the median of a group of companies in the same market, and of similar size to Harmonic Inc..

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How Much Of Harmonic Inc. (NASDAQ:HLIT) Do Institutions Own?

Harmonic is a smaller company with a market capitalization of US$494m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Harmonic NasdaqGS:HLIT Ownership Summary, May 17th 2019 What Does The Institutional Ownership Tell Us About Harmonic? … We can see that Harmonic does have institutional investors; and they hold 78% of the stock.

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An Intrinsic Calculation For Harmonic Inc. (NASDAQ:HLIT) Suggests It's 35% Undervalued

In this article we are going to estimate the intrinsic value of Harmonic Inc. … by taking the expected future cash flows and discounting them to today's value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

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Is Harmonic Inc. (NASDAQ:HLIT) A Financially Sound Company?

(NASDAQ:HLIT) with its market cap of US$501m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Need To Know: Harmonic Inc. (NASDAQ:HLIT) Insiders Have Been Buying Shares

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … The Last 12 Months Of Insider Transactions At Harmonic. … We don't deny that it is nice to see insiders buying stock in the company

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Company Info

Description

Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, and 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. This segment’s video processing solutions include network management and application software, and hardware products, such as cloud media processing, broadcast and over-the-top encoders, contribution encoders, high-density transcoders and stream processing, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Access segment offers cable edge solutions and related services, including CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was founded in 1988 and is headquartered in San Jose, California.

Details
Name: Harmonic Inc.
HLIT
Exchange: NasdaqGS
Founded: 1988
$724,551,902
90,343,130
Website: http://www.harmonicinc.com
Address: Harmonic Inc.
4300 North First Street,
San Jose,
California, 95134,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HLIT Common Stock Nasdaq Global Select US USD 23. May 1995
DB HMC Common Stock Deutsche Boerse AG DE EUR 23. May 1995
LSE 0J38 Common Stock London Stock Exchange GB USD 23. May 1995
Number of employees
Current staff
Staff numbers
1,180
Harmonic employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/10 23:36
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/10/29
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/27
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.