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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
88% of the 651 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.13 vs. HLIT: No Debt )
HLIT' s 10-Year Cash to Debt Range
Min: 1.27   Max: No Debt
Current: No Debt

Equity to Asset 0.76
HLIT's Equity to Asset is ranked higher than
85% of the 638 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.57 vs. HLIT: 0.76 )
HLIT' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.91
Current: 0.76

0.23
0.91
Interest Coverage No Debt
HLIT's Interest Coverage is ranked higher than
85% of the 397 Companies
in the Global Communication Equipment industry.

( Industry Median: 179.69 vs. HLIT: No Debt )
HLIT' s 10-Year Interest Coverage Range
Min: 19   Max: 9999.99
Current: No Debt

19
9999.99
F-Score: 5
Z-Score: -1.15
M-Score: -3.21
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 (%) -4.22
HLIT's Operating margin (%) is ranked higher than
50% of the 646 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.76 vs. HLIT: -4.22 )
HLIT' s 10-Year Operating margin (%) Range
Min: -99.95   Max: 15.75
Current: -4.22

-99.95
15.75
Net-margin (%) -1.75
HLIT's Net-margin (%) is ranked higher than
54% of the 646 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.89 vs. HLIT: -1.75 )
HLIT' s 10-Year Net-margin (%) Range
Min: -628.79   Max: 17.53
Current: -1.75

-628.79
17.53
ROE (%) -1.73
HLIT's ROE (%) is ranked higher than
55% of the 639 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.37 vs. HLIT: -1.73 )
HLIT' s 10-Year ROE (%) Range
Min: -750.79   Max: 25.16
Current: -1.73

-750.79
25.16
ROA (%) -1.36
HLIT's ROA (%) is ranked higher than
55% of the 652 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.78 vs. HLIT: -1.36 )
HLIT' s 10-Year ROA (%) Range
Min: -540.84   Max: 19.11
Current: -1.36

-540.84
19.11
ROC (Joel Greenblatt) (%) -18.83
HLIT's ROC (Joel Greenblatt) (%) is ranked lower than
54% of the 652 Companies
in the Global Communication Equipment industry.

( Industry Median: 9.84 vs. HLIT: -18.83 )
HLIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -267.03   Max: 85.92
Current: -18.83

-267.03
85.92
Revenue Growth (%) 0.90
HLIT's Revenue Growth (%) is ranked higher than
64% of the 538 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
58% of the 397 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 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

Q3 2013

HLIT Guru Trades in Q3 2013

Paul Tudor Jones 10,900 sh (New)
Jim Simons 377,927 sh (+118.67%)
Steven Cohen 57,341 sh (+107.76%)
Chuck Royce 150,000 sh (unchged)
Wilbur Ross 485,546 sh (-6.42%)
» More
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
» 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 2014-06-30 Reduce -33.51%0.06%$6.45 - $7.72 $ 6.03-16%248058
Robert Olstein 2014-06-30 Add 28.67%0.04%$6.45 - $7.72 $ 6.03-16%193000
Joel Greenblatt 2014-06-30 New Buy$6.45 - $7.72 $ 6.03-16%21259
Robert Olstein 2014-03-31 New Buy0.15%$6.3 - $7.44 $ 6.03-10%150000
George Soros 2011-12-31 Sold Out 0.0023%$3.89 - $5.72 $ 6.0319%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 1.44
HLIT's P/B is ranked higher than
74% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.02 vs. HLIT: 1.44 )
HLIT' s 10-Year P/B Range
Min: 0.83   Max: 8.23
Current: 1.44

0.83
8.23
P/S 1.32
HLIT's P/S is ranked higher than
69% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.50 vs. HLIT: 1.32 )
HLIT' s 10-Year P/S Range
Min: 0.9   Max: 4.29
Current: 1.32

0.9
4.29
PFCF 12.57
HLIT's PFCF is ranked higher than
91% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HLIT: 12.57 )
HLIT' s 10-Year PFCF Range
Min: 7.87   Max: 918
Current: 12.57

7.87
918
EV-to-EBIT -21.97
HLIT's EV-to-EBIT is ranked lower than
60% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 57.63 vs. HLIT: -21.97 )
HLIT' s 10-Year EV-to-EBIT Range
Min: 3.2   Max: 560.8
Current: -21.97

3.2
560.8
Current Ratio 2.84
HLIT's Current Ratio is ranked higher than
79% of the 648 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.05 vs. HLIT: 2.84 )
HLIT' s 10-Year Current Ratio Range
Min: 1.24   Max: 7.77
Current: 2.84

1.24
7.77
Quick Ratio 2.52
HLIT's Quick Ratio is ranked higher than
80% of the 648 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.63 vs. HLIT: 2.52 )
HLIT' s 10-Year Quick Ratio Range
Min: 0.95   Max: 5.9
Current: 2.52

0.95
5.9

Valuation & Return

vs
industry
vs
history
Price/Net Cash 88.00
HLIT's Price/Net Cash is ranked higher than
86% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HLIT: 88.00 )
HLIT' s 10-Year Price/Net Cash Range
Min: 3.02   Max: 273.5
Current: 88

3.02
273.5
Price/Net Current Asset Value 7.16
HLIT's Price/Net Current Asset Value is ranked higher than
84% of the 699 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HLIT: 7.16 )
HLIT' s 10-Year Price/Net Current Asset Value Range
Min: 2.24   Max: 37.26
Current: 7.16

2.24
37.26
Price/Tangible Book 3.09
HLIT's Price/Tangible Book is ranked higher than
63% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.89 vs. HLIT: 3.09 )
HLIT' s 10-Year Price/Tangible Book Range
Min: 1.48   Max: 52.17
Current: 3.09

1.48
52.17
Price/DCF (Projected) 0.98
HLIT's Price/DCF (Projected) is ranked higher than
87% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 13.68 vs. HLIT: 0.98 )
HLIT' s 10-Year Price/DCF (Projected) Range
Min: 0.79   Max: 68.23
Current: 0.98

0.79
68.23
Price/Median PS Value 0.76
HLIT's Price/Median PS Value is ranked higher than
87% of the 700 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.05 vs. HLIT: 0.76 )
HLIT' s 10-Year Price/Median PS Value Range
Min: 0.29   Max: 9.31
Current: 0.76

0.29
9.31
Earnings Yield (Greenblatt) 0.80
HLIT's Earnings Yield (Greenblatt) is ranked lower than
57% of the 574 Companies
in the Global Communication Equipment industry.

( Industry Median: 6.40 vs. HLIT: 0.80 )
HLIT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 31.6
Current: 0.8

0.2
31.6
Forward Rate of Return (Yacktman) 7.73
HLIT's Forward Rate of Return (Yacktman) is ranked higher than
83% of the 483 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.38 vs. HLIT: 7.73 )
HLIT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -42.2   Max: 11.9
Current: 7.73

-42.2
11.9

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:HMC.Germany
Harmonic, Inc., was initially incorporated in California in June 1988 and reincorporated into Delaware in May 1995. The Company designs, manufactures and sells versatile and high performance video products and system solutions that enable service providers to efficiently deliver the next generation of broadcast and on-demand services, including high-definition television, or HDTV, video-on-demand, or VOD, network personal video recording and time-shifted TV. It also provides its video processing solutions to telecommunications companies, or telcos, broadcasters and Internet companies that offer video services to their customers. Harmonic's products generally fall into two principal categories: video processing solutions and edge and access products. It also provides technical support services to its customers worldwide. The Company's video processing solutions, which include network management software and application software products, provide broadband operators with the ability to acquire a variety of signals from different sources and in different protocols in order to deliver a variety of real-time and stored content to their subscribers. It offers its Electra and Ion high performance encoders, which compress video, audio and data channels to low bit rates while maintaining high video quality. The Company's Ellipse encoders provide broadcasters with video compression solutions for on-the-spot news gathering, live sports coverage and other remote events. These products enable its customers to deliver these feeds to their studios for further processing. The Company's ProStream platform and other stream processing products offer its customers a variety of capabilities which enable them to manage and organize digital streams in a format best suited to their particular delivery requirements and subscriber offerings. The Company's MediaPrism solution provides operators with a suite of integrated content preparation tools to create high-quality on-demand content for a variety of applications. It provides its ProView integrated receivers-decoders to allow service providers to acquire content delivered from satellite and terrestrial broadcasters for distribution to their subscribers. The Company's NMX Digital Service Manager gives service providers the ability to control and visually monitor their digital video infrastructure at an aggregate level, rather than as just discrete pieces of hardware, thereby reducing their operational costs. The Company's Narrowcast Services Gateway family, or NSG, is a fully integrated edge gateway, which integrates routing, multiplexing and modulation into a single package for the delivery of narrowcast services to subscribers over cable networks. The Company's family of optical transmitters and amplifiers operates at various optical wavelengths and serves both long-haul and local transport applications in the cable distribution network. It provides consulting, implementation and integration services t
» More Articles for HLIT

Headlines

Articles On GuruFocus.com
The Demise of the Set-Top Box Makers May 15 2014 
Harmonic - Value Alert Sep 22 2013 
comment on HLIT Oct 09 2011 
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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 
Harmonic Inc. Reports Operating Results (10-Q) Nov 12 2009 

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