Harmonic Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 5.92
Dividend & YieldN/A$ (N/A)
Beta 0.87
Market capitalization 1.56B
Operating cash flow -6.51M
ESG Scores unknown

Company description

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. 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 streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable operators. 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 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, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.

Sector: Technology - Industry: Communication Equipment

Financial Ratios
Quick Ratio1.12
Working Capital0.13
Return On Equity0.04
Debt To Equity0.38
Fixed Asset Ratio1.37
Fixed Interest Cover1.83

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -3.79M 1.65M 1.58M 57.32M
Total Cashflows From Investing Activities -6.94M -10.33M -32.2M -12.97M
Net Borrowings -2.07M 3.67M -5.25M -2.31M
Total Cash From Financing Activities 2.65M 6.3M -2.11M 7.94M
Change To Operating Activities 3.17M -10.89M -256k -5.11M
Issuance Of Stock 4.95M 8.41M 5.47M 12.31M
Net Income -21.04M -5.92M -29.27M 13.25M
Change In Cash 7.23M 27.07M 5.59M 34.79M
Effect Of Exchange Rate -763k -203k 738k -1.2M
Total Cash From Operating Activities 12.28M 31.3M 39.16M 41.02M
Depreciation 21.34M 19.61M 15.71M 13.05M
Change To Account Receivables -14.7M -8.39M 21.19M -26.72M
Other Cashflows From Financing Activities -4.28M -4.28M -672k
Change To Netincome 23.29M 33.31M 31.36M 22.26M
Capital Expenditures -7.04M -10.33M -32.2M -12.97M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 89.16M 84.61M 71.45M 92.69M
Income Before Tax -16.95M -6.6M -26.22M 8.87M
Net Income -21.04M -5.92M -29.27M 13.25M
Selling General Administrative 118.95M 119.03M 130.66M 147.62M
Gross Profit 210.07M 224.4M 196.09M 260.31M
Ebit -1.24M 17.61M -9.03M 19.49M
Operating Income -1.24M 17.61M -9.03M 19.49M
Interest Expense -11.4M -11.65M -11.51M -10.62M
Income Tax Expense 4.09M -672k 3.05M -4.38M
Total Revenue 403.56M 402.87M 378.83M 507.15M
Cost Of Revenue 193.49M 178.47M 182.74M 246.84M
Total Other Income ExpenseNet -15.71M -24.21M -17.18M -10.62M
Net Income From Continuing Ops -21.04M -5.92M -29.27M 13.25M
Net Income Applicable To Common Shares -21.04M -5.92M -29.27M 13.25M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 282.58M 334.88M 333.22M 397.77M
Total Stockholder Equity 228.25M 252.45M 258.3M 295.91M
Other Current Liabilities 72M 72.54M 81.5M 84.05M
Total Assets 510.83M 587.33M 591.52M 693.69M
Common Stock 87k 92k 98k 103k
Other Current Assets 8.64M 23.74M 16.88M 13.8M
Retained Earnings -2.07B -2.07B -2.1B -2.09B
Treasury Stock -1.22M -3.06M 5.86M -3.27M
Cash 65.99M 93.06M 98.64M 133.43M
Total Current Liabilities 136.41M 191.9M 147.29M 224.46M
Other Stockholder Equity -1.22M -3.06M 5.86M -3.27M
Property, Plant, and Equipment 22.32M 50.42M 70.7M 73.69M
Total Current Assets 196.7M 251.36M 238.03M 323.13M
Net Tangible Assets -25.18M 8.21M 14.63M 55.7M
Net Receivables 92.93M 102.47M 76.03M 96.63M
Accounts Payable 33.78M 40.93M 23.54M 64.43M


Insider Transactions

Here are the insider transactions of stock shares related to Harmonic Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HALTMAYER NEVENSale at price 14.80 per share.D2022-11-18Officer24.95k
HARSHMAN PATRICK JSale at price 13.41 per share.D2022-11-16Chief Executive Officer6.04k
HARSHMAN PATRICK JD2022-11-15Chief Executive Officer31.79k
HALTMAYER NEVEND2022-11-15Officer14.85k
BEN NATAN NIMRODD2022-11-15Officer16.45k
KALRA SANJAYD2022-11-15Chief Financial Officer19.63k
GRAHAM IAND2022-11-15Officer12.68k
HALTMAYER NEVENSale at price 13.91 per share.D2022-11-04Officer25.05k
BEN NATAN NIMRODSale at price 14.07 per share.D2022-11-03Officer149.84k
HARSHMAN PATRICK JSale at price 12.00 per share.D2022-09-16Chief Executive Officer150k
KALRA SANJAYD2022-09-01Chief Financial Officer100k
KALRA SANJAYSale at price 11.36 per share.D2022-08-25Chief Financial Officer53.59k
HARSHMAN PATRICK JSale at price 11.39 per share.D2022-08-16Chief Executive Officer6.04k
HARSHMAN PATRICK JD2022-08-15Chief Executive Officer31.79k
HALTMAYER NEVEND2022-08-15Officer14.85k
BEN NATAN NIMRODD2022-08-15Officer16.45k
KALRA SANJAYD2022-08-15Chief Financial Officer19.63k
GRAHAM IAND2022-08-15Officer12.68k
THEODOSOPOULOS NIKOSD2022-08-12Director7.05k
GRAHAM IANSale at price 11.30 per share.D2022-08-04Officer15k
HARSHMAN PATRICK JSale at price 10.88 per share.D2022-08-03Chief Executive Officer50k
BEN NATAN NIMRODSale at price 9.96 per share.D2022-06-02Officer80k
BEN NATAN NIMRODConversion of Exercise of derivative security at price 3.14 per share.D2022-06-02Officer80k
GRAHAM IANSale at price 9.89 per share.D2022-06-02Officer15.57k
HARSHMAN PATRICK JD2022-05-13Chief Executive Officer31.79k
HARSHMAN PATRICK JD2022-05-13Chief Executive Officer31.79k
HALTMAYER NEVEND2022-05-13Officer14.85k
BEN NATAN NIMRODD2022-05-13Officer16.45k
KALRA SANJAYD2022-05-13Chief Financial Officer19.63k
GRAHAM IAND2022-05-13Officer12.68k
SWENSON SUSAN GD2022-02-15Director19.16k
KRALL DAVID AD2022-02-15Director19.16k
HARSHMAN PATRICK JD2022-02-15Chief Executive Officer398.12k
HALTMAYER NEVEND2022-02-15Officer45.53k
BEN NATAN NIMRODD2022-02-15Officer51.92k
KALRA SANJAYD2022-02-15Chief Financial Officer56.75k
REAUGH MITZID2022-02-15Director19.16k
THEODOSOPOULOS NIKOSD2022-02-15Director19.16k
WHALEN DANIEL TD2022-02-15Director10.12k
GRAHAM IAND2022-02-15Officer38.01k
HALTMAYER NEVENSale at price 11.50 per share.D2021-11-22Officer5k
HARSHMAN PATRICK JD2021-11-15Chief Executive Officer31.9k
HALTMAYER NEVEND2021-11-15Officer15.73k
BEN NATAN NIMRODD2021-11-15Officer15.73k
KALRA SANJAYD2021-11-15Chief Financial Officer20.03k
GRAHAM IAND2021-11-15Officer10.34k
KALRA SANJAYSale at price 10.79 per share.D2021-11-12Chief Financial Officer91.18k
BEN NATAN NIMRODSale at price 10.84 - 10.87 per share.D2021-11-08Officer80k
BEN NATAN NIMRODConversion of Exercise of derivative security at price 7.58 per share.D2021-11-08Officer80k
BEN NATAN NIMRODSale at price 10.84 per share.D2021-11-08Officer20k
HALTMAYER NEVENSale at price 10.81 - 11.00 per share.D2021-11-05Officer20k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Harmonic Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Harmonic Inc

Here is the result of two systematic investment strategies applied to Harmonic Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Harmonic Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Harmonic Inc:

Harmonic Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 74.09% on the backtest period.

Performance at glance

Performance

74.09 %

Latent gain

1293.53 $

Invested capital

1745.89 $

Annualized return

18.07 %
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Momentum strategy results on Harmonic Inc

This is the result of two momentum investment strategies applied to Harmonic Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Harmonic Inc

The following chart shows all the entries opened by the momentum investment system on Harmonic Inc:

Harmonic Inc momentum entries
  • The first momentum investment strategy would give 103.2% of return on Harmonic Inc. That represents 5165.37$ of latent gain with 5005.41$ of employed capital.
  • The second momentum investment strategy would give 80.61% of return on Harmonic Inc. That represents 2626.91$ of latent gain with 3258.61$ of employed capital.
Performance at glance (1Q Momentum)

Performance

103.2 %

Latent gain

5165.37 $

Invested capital

5005.41 $

Annualized return

31.44 %
Performance at glance (2Q Momentum)

Performance

80.61 %

Latent gain

2626.91 $

Invested capital

3258.61 $

Annualized return

22.27 %

Momentum equity curve on Harmonic Inc

The following chart shows the equity curve of the two momentum strategies applied to Harmonic Inc:

Harmonic Inc momentum equity

Note: the dividends potentially given by Harmonic Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Harmonic Inc

The following chart shows the employed capital evolution of the two momentum strategies on Harmonic Inc since the beginning:

Harmonic Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Harmonic Inc

Buy the dip entry openings on Harmonic Inc

Harmonic Inc

The performance achieved by the robo-advisor on Harmonic Inc is 66.03%. That represents 995.26$ of latent gain with 1507.16$ of employed capital. The following chart shows Harmonic Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Harmonic Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

66.03 %

Latent gain

995.26 $

Invested capital

1507.16 $

Annualized return

31.44 %

Equity curve of the strategy applied to Harmonic Inc

The following chart shows the result of the investment strategy applied to Harmonic Inc:

Harmonic Inc

Note: the dividends potentially given by Harmonic Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Harmonic Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Harmonic Inc:

Harmonic Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Harmonic Inc

In this section, I will compare the three previous investment strategies applied to Harmonic Inc.

Equity curve comparison on Harmonic Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Harmonic Inc investment strategy comparison

Employed capital comparison on Harmonic Inc

Harmonic Inc investment comparison

Performance comparison on Harmonic Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 74.09% 1293.53$ 1745.89$ 18.07%
Momentum 1 quarter 103.2% 5165.37$ 5005.41$ 26.74%
Momentum 2 quarters 80.61% 2626.91$ 3258.61$ 22.27%
Non-directional 66.03% 995.26$ 1507.16$ 31.44%
Annualized return comparison

Automatic investment

18.07 %

Momentum 1Q

22.27 %

Momentum 2Q

22.27 %

Non-directional

31.44 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Harmonic Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • JOHNSON HLDGS

  • Note: The algorithm computes the probability of correlation between Harmonic Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Harmonic Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Harmonic Inc
    Country United States
    City San Jose
    Address 2590 Orchard Parkway
    Phone 408 542 2500
    Website www.harmonicinc.com
    FullTime employees 1336
    Industry Communication Equipment
    Sector Technology
    Exchange XNAS
    Ticker HLIT
    Market www.nasdaq.com

    Harmonic Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown