Harmonic Stock Beta

HLIT Stock  USD 13.47  0.05  0.37%   
Harmonic fundamentals help investors to digest information that contributes to Harmonic's financial success or failures. It also enables traders to predict the movement of Harmonic Stock. The fundamental analysis module provides a way to measure Harmonic's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Harmonic stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Harmonic Beta Analysis

Harmonic's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2021 2022 2023 2024 (projected)
Capital Expenditures13.0M9.3M8.5M13.1M
Depreciation13.1M12.3M12.3M22.7M

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Harmonic Beta

    
  0.84  
Most of Harmonic's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Harmonic is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Harmonic Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Harmonic is extremely important. It helps to project a fair market value of Harmonic Stock properly, considering its historical fundamentals such as Beta. Since Harmonic's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Harmonic's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Harmonic's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Harmonic has a Beta of 0.843. This is 20.47% lower than that of the Communications Equipment sector and 73.32% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Harmonic Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harmonic's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Harmonic could also be used in its relative valuation, which is a method of valuing Harmonic by comparing valuation metrics of similar companies.
Harmonic is currently under evaluation in beta category among related companies.

Harmonic Institutional Holders

Institutional Holdings refers to the ownership stake in Harmonic that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Harmonic's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Harmonic's value.
Shares
Toronado Partners, Llc2023-12-31
1.8 M
Nuveen Asset Management, Llc2023-09-30
1.7 M
Morgan Stanley - Brokerage Accounts2023-09-30
1.7 M
Victory Capital Management Inc.2023-12-31
1.6 M
Westfield Capital Management Company, Lp2023-12-31
1.5 M
Wasatch Advisors Inc.2023-12-31
1.3 M
Kennedy Capital Management Inc2023-12-31
1.2 M
Digitalbridge Group Inc2023-12-31
1.2 M
Northern Trust Corp2023-09-30
1.2 M
Blackrock Inc2023-12-31
17.6 M
Vanguard Group Inc2023-09-30
9.4 M
As returns on the market increase, Harmonic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harmonic is expected to be smaller as well.

Harmonic Fundamentals

About Harmonic Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Harmonic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Harmonic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Harmonic based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company was incorporated in 1988 and is headquartered in San Jose, California. Harmonic operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 1299 people.

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When determining whether Harmonic is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Harmonic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Harmonic Stock. Highlighted below are key reports to facilitate an investment decision about Harmonic Stock:
Check out Harmonic Piotroski F Score and Harmonic Altman Z Score analysis.
For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Harmonic Stock analysis

When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.
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Is Harmonic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmonic. If investors know Harmonic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
13.465
Earnings Share
0.72
Revenue Per Share
5.445
Quarterly Revenue Growth
0.017
Return On Assets
0.02
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmonic's market value can be influenced by many factors that don't directly affect Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.