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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt No Debt
HLIT's Cash to Debt is ranked higher than
99% of the 702 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 vs. HLIT: No Debt )
HLIT' s 10-Year Cash to Debt Range
Min: 1.27   Max: No Debt
Current: No Debt

Equity to Asset 0.78
HLIT's Equity to Asset is ranked higher than
88% of the 675 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.57 vs. HLIT: 0.78 )
HLIT' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.91
Current: 0.78

0.23
0.91
Interest Coverage No Debt
HLIT's Interest Coverage is ranked higher than
72% of the 431 Companies
in the Global Communication Equipment industry.

( Industry Median: 136.63 vs. HLIT: No Debt )
HLIT' s 10-Year Interest Coverage Range
Min: 19   Max: 9999.99
Current: No Debt

19
9999.99
F-Score: 6
Z-Score: -0.94
M-Score: -3.48
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) -4.58
HLIT's Operating margin (%) is ranked higher than
51% of the 694 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.27 vs. HLIT: -4.58 )
HLIT' s 10-Year Operating margin (%) Range
Min: -99.95   Max: 15.75
Current: -4.58

-99.95
15.75
Net-margin (%) -9.81
HLIT's Net-margin (%) is ranked lower than
52% of the 694 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.32 vs. HLIT: -9.81 )
HLIT' s 10-Year Net-margin (%) Range
Min: -628.79   Max: 17.53
Current: -9.81

-628.79
17.53
ROE (%) -9.74
HLIT's ROE (%) is ranked higher than
50% of the 688 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.28 vs. HLIT: -9.74 )
HLIT' s 10-Year ROE (%) Range
Min: -750.79   Max: 25.16
Current: -9.74

-750.79
25.16
ROA (%) -7.76
HLIT's ROA (%) is ranked lower than
52% of the 703 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.97 vs. HLIT: -7.76 )
HLIT' s 10-Year ROA (%) Range
Min: -540.84   Max: 19.11
Current: -7.76

-540.84
19.11
ROC (Joel Greenblatt) (%) -21.09
HLIT's ROC (Joel Greenblatt) (%) is ranked lower than
52% of the 703 Companies
in the Global Communication Equipment industry.

( Industry Median: 9.34 vs. HLIT: -21.09 )
HLIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -267.03   Max: 85.92
Current: -21.09

-267.03
85.92
Revenue Growth (%) 0.90
HLIT's Revenue Growth (%) is ranked higher than
64% of the 577 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.50 vs. HLIT: 0.90 )
HLIT' s 10-Year Revenue Growth (%) Range
Min: -19.4   Max: 30.9
Current: 0.9

-19.4
30.9
EBITDA Growth (%) -16.00
HLIT's EBITDA Growth (%) is ranked higher than
60% of the 421 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.00 vs. HLIT: -16.00 )
HLIT' s 10-Year EBITDA Growth (%) Range
Min: -39.7   Max: 145.5
Current: -16

-39.7
145.5
» HLIT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

HLIT Guru Trades in Q4 2013

Paul Tudor Jones 31,135 sh (+185.64%)
Chuck Royce 150,000 sh (unchged)
Steven Cohen Sold Out
Wilbur Ross 448,058 sh (-7.72%)
Jim Simons 280,227 sh (-25.85%)
» More
Q1 2014

HLIT Guru Trades in Q1 2014

Robert Olstein 150,000 sh (New)
Chuck Royce 803,377 sh (+435.58%)
Jim Simons 651,527 sh (+132.5%)
Paul Tudor Jones 46,655 sh (+49.85%)
Wilbur Ross 373,058 sh (-16.74%)
» More
Q2 2014

HLIT Guru Trades in Q2 2014

Joel Greenblatt 21,259 sh (New)
Chuck Royce 1,133,715 sh (+41.12%)
Robert Olstein 193,000 sh (+28.67%)
Wilbur Ross 248,058 sh (-33.51%)
Paul Tudor Jones 15,035 sh (-67.77%)
Jim Simons 22,800 sh (-96.5%)
» More
Q3 2014

HLIT Guru Trades in Q3 2014

Robert Olstein 330,000 sh (+70.98%)
Paul Tudor Jones 22,900 sh (+52.31%)
Chuck Royce 1,316,015 sh (+16.08%)
Wilbur Ross Sold Out
Joel Greenblatt Sold Out
Jim Simons 22,400 sh (-1.75%)
» More
» Details

Insider Trades

Latest Guru Trades with HLIT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Wilbur Ross 2014-09-30 Sold Out 0.14%$5.73 - $7.54 $ 6.876%0
Robert Olstein 2014-09-30 Add 70.98%0.11%$5.73 - $7.54 $ 6.876%330000
Joel Greenblatt 2014-09-30 Sold Out $5.73 - $7.54 $ 6.876%0
Wilbur Ross 2014-06-30 Reduce -33.51%0.06%$6.45 - $7.72 $ 6.87-4%248058
Robert Olstein 2014-06-30 Add 28.67%0.04%$6.45 - $7.72 $ 6.87-4%193000
Joel Greenblatt 2014-06-30 New Buy$6.45 - $7.72 $ 6.87-4%21259
Robert Olstein 2014-03-31 New Buy0.15%$6.3 - $7.44 $ 6.872%150000
George Soros 2011-12-31 Sold Out 0.0023%$3.89 - $5.72 $ 6.8736%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/B 1.60
HLIT's P/B is ranked higher than
74% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.25 vs. HLIT: 1.60 )
HLIT' s 10-Year P/B Range
Min: 0.83   Max: 8.23
Current: 1.6

0.83
8.23
P/S 1.48
HLIT's P/S is ranked higher than
67% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.49 vs. HLIT: 1.48 )
HLIT' s 10-Year P/S Range
Min: 0.9   Max: 4.29
Current: 1.48

0.9
4.29
PFCF 20.21
HLIT's PFCF is ranked higher than
84% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 426.75 vs. HLIT: 20.21 )
HLIT' s 10-Year PFCF Range
Min: 7.87   Max: 197.33
Current: 20.21

7.87
197.33
EV-to-EBIT -24.88
HLIT's EV-to-EBIT is ranked higher than
53% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 60.67 vs. HLIT: -24.88 )
HLIT' s 10-Year EV-to-EBIT Range
Min: -6666.2   Max: 560.8
Current: -24.88

-6666.2
560.8
Current Ratio 2.67
HLIT's Current Ratio is ranked higher than
75% of the 692 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.11 vs. HLIT: 2.67 )
HLIT' s 10-Year Current Ratio Range
Min: 1.24   Max: 7.77
Current: 2.67

1.24
7.77
Quick Ratio 2.30
HLIT's Quick Ratio is ranked higher than
77% of the 692 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.68 vs. HLIT: 2.30 )
HLIT' s 10-Year Quick Ratio Range
Min: 0.95   Max: 5.9
Current: 2.3

0.95
5.9

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 9.96
HLIT's Price/Net Current Asset Value is ranked higher than
82% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HLIT: 9.96 )
HLIT' s 10-Year Price/Net Current Asset Value Range
Min: 2.24   Max: 37.26
Current: 9.96

2.24
37.26
Price/Tangible Book 3.58
HLIT's Price/Tangible Book is ranked higher than
64% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.39 vs. HLIT: 3.58 )
HLIT' s 10-Year Price/Tangible Book Range
Min: 1.48   Max: 52.17
Current: 3.58

1.48
52.17
Price/DCF (Projected) 1.11
HLIT's Price/DCF (Projected) is ranked higher than
87% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 18.42 vs. HLIT: 1.11 )
HLIT' s 10-Year Price/DCF (Projected) Range
Min: 0.78   Max: 19.89
Current: 1.11

0.78
19.89
Price/Median PS Value 0.85
HLIT's Price/Median PS Value is ranked higher than
84% of the 758 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.11 vs. HLIT: 0.85 )
HLIT' s 10-Year Price/Median PS Value Range
Min: 0.29   Max: 9.34
Current: 0.85

0.29
9.34
Earnings Yield (Greenblatt) -4.00
HLIT's Earnings Yield (Greenblatt) is ranked higher than
50% of the 691 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.70 vs. HLIT: -4.00 )
HLIT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 31.6
Current: -4

0.2
31.6
Forward Rate of Return (Yacktman) 2.21
HLIT's Forward Rate of Return (Yacktman) is ranked higher than
66% of the 322 Companies
in the Global Communication Equipment industry.

( Industry Median: 11.46 vs. HLIT: 2.21 )
HLIT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -28.1   Max: 12.3
Current: 2.21

-28.1
12.3

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:HMC.Germany,
Harmonic, Inc., was incorporated in California in June 1988 and was reincorporated in Delaware in May 1995. The Company designs, manufactures and sells video infrastructure products and system solutions that enable its customers to create, prepare and deliver a video services, including televisions, personal computers, laptops, tablets and smartphones. Its products generally fall into three categories: video production platforms and playout solutions, video processing solutions and cable edge solutions. The Company also provides technical support and professional services to its customers. It sells its products and services to cable operators, broadcast and media companies, satellite and telecommunications Pay-TV service providers and, more recently, streaming new media companies. Its video production platforms consist of video-optimized storage and content management applications, which provide content companies with file-based infrastructure to support video content production activities, such as editing, post-production and finishing. Its playout solutions are based on scalable video servers used by broadcasters, content owners and multi-channel network operators to create and playout television channels. Its video processing solutions, which include network management software and application software and hardware products, provide its customers with the ability to acquire a signal from different sources and in different protocols in order to deliver real-time and stored content to their subscribers, for viewing on many devices. Its customers use these products to organize, manage and distribute content in ways that maximize use of the available bandwidth. Its cable edge products enable cable operators to deliver customized broadcast or narrowcast on-demand and data services to their subscribers. Its customers include: Cablevision Systems, Charter Communications, Time Warner Cable, Comcast Cable, DirecTV, EchoStar Holding, Arqiva Limited, Bell Expressvu, British Sky Broadcasting, Huawei Technologies, Virgin Media and among others. Its competitors include: Arris, Cisco Systems, Ericsson, Thomson Video Networks, Envivio, Harris, Grass Valley, Miranda Technologies, Casa Systems, CommScope and among others.
» More Articles for HLIT

Headlines

Articles On GuruFocus.com
Wilbur Ross Keeps Low Profile in Third Quarter Nov 14 2014 
The Demise of the Set-Top Box Makers May 15 2014 
Harmonic - Value Alert Sep 22 2013 
comment on HLIT Oct 09 2011 
insiders Oct 09 2011 
Harmonic Inc. Reports Operating Results (10-Q) Nov 10 2010 
Harmonic Inc. Reports Operating Results (10-Q) Aug 10 2010 
Harmonic Inc. (HLIT) CEO Patrick Harshman buys 10,000 Shares May 18 2010 
Harmonic Inc. Reports Operating Results (10-Q) May 12 2010 
Arris Group - The Siphonic Flush of Management Mar 06 2010 

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