Harmonic, Inc. (NASDAQ:HLIT) has a beta value of 0.91 and has seen 3.38 million shares traded in the recent trading session. The company, currently valued at $1.24B, closed the recent trade at $11.05 per share which meant it gained $1.65 on the day or 17.50% during that session. The HLIT stock price is -66.79% off its 52-week high price of $18.43 and 20.36% above the 52-week low of $8.80. The 3-month trading volume is 2.05 million shares.

Harmonic, Inc. (NASDAQ:HLIT) trade information

Sporting 17.50% in the green today, the stock has traded in the green over the last five days, when the HLIT stock price touched $11.05 or saw a rise of 7.61%. Year-to-date, Harmonic, Inc. shares have moved -15.30%, while the 5-day performance has seen it change 15.29%. Over the past 30 days, the shares of Harmonic, Inc. (NASDAQ:HLIT) have changed -15.43%.

Harmonic, Inc. (HLIT) estimates and forecasts

Figures show that Harmonic, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 11.68% over the past 6 months, with this year growth rate of 43.24%, compared to 17.30% for the industry. Revenue growth from the last financial year stood is estimated to be 10.10%.

5 analysts offering their estimates for the company have set an average revenue estimate of $139.53 million for the current quarter. 5 have an estimated revenue figure of $182.47 million for the next quarter concluding in Sep 2024. Year-ago sales stood $155.96 million and $127.2 million respectively for this quarter and the next, and analysts expect sales will shrink by -10.50% for the current quarter and 43.40% for the next. Earnings growth for 2024 is a modest 55.86% while over the next 5 years, the company’s earnings are expected to increase by 38.90%.

HLIT Dividends

Harmonic, Inc. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.