harmonic (nasdaq: hlit), the worldwide leader in video delivery technology and services, enables media companies and service providers to deliver ultra-high-quality broadcast and ott video services to consumers globally. the company has also revolutionized cable access networking via the industry’s first virtualized ccap solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers’ homes and mobile devices. whether simplifying ott video delivery via innovative cloud and software-as-a-service (saas) technologies or powering the delivery of gigabit internet cable services, harmonic is changing the way media companies and service providers monetize live and vod content on every screen. more information is available at www.harmonicinc.com.
Company profile
Ticker
HLIT
Exchange
Website
CEO
Patrick Harshman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HARMONIC LIGHTWAVES INC
SEC CIK
Corporate docs
Subsidiaries
Harmonic Delaware, L.L.C. • Harmonic Germany GmbH • Harmonic India Private Limited • Harmonic International GmbH • Harmonic International Inc • Harmonic Lightwaves (Israel) Ltd • Harmonic Singapore P.T.E. Ltd. • Harmonic Technologies (HK) Limited • Harmonic (UK) Limited • Harmonic Video Networks Ltd. ...
IRS number
770201147
HLIT stock data
Latest filings (excl ownership)
SD
Conflict minerals disclosure
31 May 24
DEFA14A
Additional proxy soliciting materials
24 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
DEFA14A
Additional proxy soliciting materials
29 Apr 24
DEF 14A
Definitive proxy
29 Apr 24
8-K
Harmonic Announces First Quarter 2024 Results
29 Apr 24
8-K
Departure of Directors or Certain Officers
18 Apr 24
8-K
Harmonic Announces CEO Succession
8 Apr 24
10-K
2023 FY
Annual report
16 Feb 24
Transcripts
HLIT
Earnings call transcript
2024 Q1
29 Apr 24
HLIT
Earnings call transcript
2023 Q4
29 Jan 24
HLIT
Earnings call transcript
2023 Q3
30 Oct 23
HLIT
Earnings call transcript
2023 Q2
31 Jul 23
HLIT
Earnings call transcript
2023 Q2
31 Jul 23
HLIT
Earnings call transcript
2023 Q1
8 May 23
HLIT
Earnings call transcript
2022 Q4
30 Jan 23
HLIT
Earnings call transcript
2022 Q3
1 Nov 22
HLIT
Earnings call transcript
2022 Q2
2 Aug 22
HLIT
Earnings call transcript
2022 Q1
3 May 22
Latest ownership filings
4
Walter Jankovic
24 May 24
4
PATRICK HARSHMAN
17 May 24
4
Neven Haltmayer
17 May 24
4
Ian Graham
17 May 24
4
Nimrod Ben-Natan
17 May 24
4
Ian Graham
6 May 24
144
Notice of proposed sale of securities
2 May 24
SC 13D
SCOPIA CAPITAL MANAGEMENT LP
26 Apr 24
4
Nimrod Ben-Natan
6 Mar 24
4
Neven Haltmayer
6 Mar 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cost of revenue | |||||
Operating income | |||||
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 84.31 mm | 84.31 mm | 84.31 mm | 84.31 mm | 84.31 mm | 84.31 mm |
Cash burn (monthly) | (no burn) | 547.67 k | 3.51 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 1.19 mm | 7.62 mm | n/a | n/a | n/a |
Cash remaining | n/a | 83.12 mm | 76.68 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | 151.8 | 21.8 | n/a | n/a | n/a |
Institutional ownership, Q4 2023
7.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 24 |
Opened positions | 3 |
Closed positions | 191 |
Increased positions | 5 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 21.81 bn |
Total shares | 8.66 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
CMCSA Comcast Corp - Ordinary Shares | 6.64 mm | $31.36 mm |
Silverberg Bernstein Capital Management | 803.77 k | $10.48 bn |
Mutual Of America Capital Management | 373.44 k | $4.87 bn |
New York State Teachers Retirement System | 213.89 k | $2.79 mm |
Raymond James & Associates | 136.35 k | $1.78 bn |
Raymond James Financial Services Advisors | 135.03 k | $1.76 bn |
State of Alaska, Department of Revenue | 69.02 k | $900.00 k |
Exchange Traded Concepts | 54.18 k | $706.48 mm |
Mirae Asset Global Investments | 49.67 k | $647.63 mm |
International Assets Investment Management | 41.66 k | $3.20 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 May 24 | Walter Jankovic | Common Stock | Payment of exercise | Dispose F | No | No | 11.71 | 9,376 | 109.79 k | 17,202 |
22 May 24 | Walter Jankovic | Common Stock | Option exercise | Acquire M | No | No | 0 | 26,578 | 0.00 | 26,578 |
22 May 24 | Walter Jankovic | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 26,578 | 0.00 | 53,156 |
15 May 24 | Ben-Natan Nimrod | Common Stock | Option exercise | Acquire M | No | No | 0 | 12,601 | 0.00 | 314,815 |
15 May 24 | Ben-Natan Nimrod | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 5,803 | 0.00 | 40,622 |
15 May 24 | Ben-Natan Nimrod | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,798 | 0.00 | 20,394 |
15 May 24 | Harshman Patrick | Common Stock | Payment of exercise | Dispose F | No | No | 11.3 | 13,955 | 157.69 k | 792,598 |
15 May 24 | Harshman Patrick | Common Stock | Option exercise | Acquire M | No | No | 0 | 26,160 | 0.00 | 806,553 |
15 May 24 | Harshman Patrick | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 12,476 | 0.00 | 87,338 |
15 May 24 | Harshman Patrick | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 13,684 | 0.00 | 41,051 |
News
Is the Options Market Predicting a Spike in Harmonic Stock?
21 May 24
Needham Reiterates Buy on Harmonic, Maintains $18 Price Target
17 May 24
Harmonic Launches New High-Density Remote OLT to Simplify Fiber Broadband Service
13 May 24
Why H&E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
30 Apr 24
12 Information Technology Stocks Moving In Tuesday's Intraday Session
30 Apr 24
Press releases
Harmonic Launches New High-Density Remote OLT to Simplify Fiber Broadband Service
13 May 24
Harmonic to Host Virtual Analyst Day
8 May 24
Harmonic Sets the Pace for Intelligent Broadband Networks at ANGA COM 2024
8 May 24
Harmonic Extends cOS Broadband Platform with Breakthrough Intelligent Speed Maximizer
29 Apr 24
Harmonic Announces Reporting Date for First Quarter 2024 Results
15 Apr 24