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How to buy Harmonic (HLIT) stocks in Canada

Learn how to easily invest in Harmonic stocks.

Harmonic is a communication equipment business based in the US. Harmonic stocks (HLIT.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $7.96 – a decrease of 5% over the previous week. Harmonic employs 1,249 staff and has a trailing 12-month revenue of around $482.9 million.

How to buy shares in Harmonic

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – HLIT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy Harmonic stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted Harmonic's stock price?

Since the stock market crash in March caused by coronavirus, Harmonic's stock price has had significant positive movement.

Its last market close was $10.84, which is 38.65% up on its pre-crash value of $6.65 and 144.14% up on the lowest point reached during the March crash when the stocks fell as low as $4.44.

If you had bought $1,000 worth of Harmonic stocks at the start of February 2020, those stocks would have been worth $682.52 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,473.81.

Harmonic stock price (NASDAQ:HLIT)

Use our graph to track the performance of HLIT stocks over time.

Harmonic shares at a glance

Information last updated 2022-01-18.
Latest market close$10.84
52-week range$6.69 - $12.22
50-day moving average $11.11
200-day moving average $9.11
Wall St. target price$12.83
PE ratio 184.5161
Dividend yield N/A (0%)
Earnings per share (TTM) $0.06

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Note: The dollar amounts in the table below are in Canadian dollars.

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Harmonic price performance over time

Historical closes compared with the close of $10.84 from 2022-01-18

1 week (2022-01-12) -5.00%
1 month (2021-12-17) -0.28%
3 months (2021-10-19) 19.78%
6 months (2021-07-19) 40.78%
1 year (2021-01-19) 33.50%
2 years (2020-01-17) 32.03%
3 years (2019-01-18) 113.39%
5 years (2017-01-19) 112.55%

Is Harmonic under- or over-valued?

Valuing Harmonic stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Harmonic's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Harmonic's P/E ratio

Harmonic's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 185x. In other words, Harmonic shares trade at around 185x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Harmonic's EBITDA

Harmonic's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $73.7 million.

The EBITDA is a measure of a Harmonic's overall financial performance and is widely used to measure a its profitability.

Harmonic financials

Revenue TTM $482.9 million
Operating margin TTM 12.41%
Gross profit TTM $233.6 million
Return on assets TTM 6.23%
Return on equity TTM 2.7%
Profit margin 1.42%
Book value $2.67
Market capitalisation $1.2 billion

TTM: trailing 12 months

Harmonic share dividends

We're not expecting Harmonic to pay a dividend over the next 12 months.

Have Harmonic's shares ever split?

Harmonic's shares were split on a 2:1 basis on 15 October 1999. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Harmonic shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Harmonic shares which in turn could have impacted Harmonic's share price.

Harmonic share price volatility

Over the last 12 months, Harmonic's shares have ranged in value from as little as $6.69 up to $12.22. A popular way to gauge a stock's volatility is its "beta".

HLIT.US volatility(beta: 0.8)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Harmonic's is 0.8039. This would suggest that Harmonic's shares are less volatile than average (for this exchange).

Harmonic overview

Harmonic Inc. , together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video 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, 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 appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides software-as-a-service (SaaS) solutions, which enables the packaging and delivery of high-quality streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to any device along with dynamic and personal ad insertion.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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