HLIT
$5.10
Harmonic

Earnings History

Earnings
Revenue
Reaction
Drift
In-line Guidance
Q 03/2012
1/31/2012
4:00:31 PM
7.7%
13.2%
Guidance:
Consensus:
Harmonic Guides In-line

Harmonic, Inc. said it expects first quarter revenue of $132.0 million to $142.0 million. The current consensus estimate is revenue of $137.9 million for the quarter ending March 31, 2012.
EPS & Revenue Below Estimates
Q 03/2012
4/9/2012
4:15:48 PM
$0.02 to $0.03
$0.09
$136.7 mill
-4.2%
-1.2%
Guidance:
Consensus:
Harmonic Warns

Harmonic, Inc. said it expects first quarter non-GAAP earnings of $0.02 to $0.03 per share on revenue of $125.0 million to $128.0 million. The company's previous guidance was revenue of $132.0 million to $142.0 million and the current consensus earnings estimate is $0.09 per share on revenue of $136.7 million for the quarter ending March 31, 2012.
Revenue Below Estimates
Q 09/2012
7/24/2012
4:29:33 PM
5.3%
12.5%
Guidance:
Consensus:
Harmonic Sees Revenue Below Estimates

Harmonic, Inc. said it expects third quarter revenue of $130.0 million to $140.0 million. The current consensus revenue estimate is $141.7 million for the quarter ending September 30, 2012.
In-line Guidance
Q 12/2012
10/23/2012
4:04:08 PM
-0.1%
0.9%
Guidance:
Consensus:
Harmonic Guides In-line

Harmonic, Inc. said it expects fourth quarter revenue of $132.0 million to $142.0 million. The current consensus revenue estimate is $141.6 million for the quarter ending December 31, 2012.
Revenue Below Estimates
Q 03/2013
1/29/2013
4:05:36 PM
-4.6%
5.5%
Guidance:
Consensus:
Harmonic Sees Revenue Below Estimates

Harmonic, Inc. said it expects first quarter revenue of $115.0 million to $125.0 million. The current consensus revenue estimate is $133.7 million for the quarter ending March 31, 2013.
Updates Guidance
Q 03/2013
2/19/2013
7:14:24 AM
1.8%
-2.8%
Guidance:
Consensus:
Harmonic Updates Guidance

Harmonic, Inc. said with the sale of its Cable Access business to Aurora Networks, it will report $14.0 million to $16.0 million in revenue as discontinued operations, and expects first quarter revenue from operations of $100.0 million to $110.0 million. The company's previous guidance was revenue of $115.0 million to $125.0 million and the current consensus revenue estimate is $120.9 million for the quarter ending March 31, 2013.
Revenue Below Estimates
Q 06/2013
4/23/2013
4:02:46 PM
-3.8%
-6.0%
Guidance:
Consensus:
Harmonic Guides Below Estimates

Harmonic, Inc. said it expects second quarter revenue of $105.0 million to $115.0 million. The current consensus revenue estimate is $126.8 million for the quarter ending June 30, 2013.
In-line Guidance
Q 09/2013
7/23/2013
4:06:29 PM
10.6%
5.4%
Guidance:
Consensus:
Harmonic Guides In-line

Harmonic, Inc. said it expects third quarter revenue of $115.0 million to $125.0 million. The current consensus revenue estimate is $117.6 million for the quarter ending September 30, 2013.
Revenue Below Estimates
Q 12/2013
10/28/2013
4:05:51 PM
-1.6%
-4.6%
Guidance:
Consensus:
Harmonic Sees Revenue Below Estimates

Harmonic, Inc. said it expects fourth quarter revenue of of $115.0 million to $125.0 million. The current consensus revenue estimate is $127.6 million for the quarter ending December 31, 2013.
In-line Guidance
Q 03/2014
1/28/2014
4:05:51 PM
$105.0 mil to $115.0 mil
$114.7 mil
-0.9%
-5.0%
Guidance:
Consensus:
Harmonic Guides In-line

Harmonic, Inc. said it expects first quarter revenue of $105.0 million to $115.0 million. The current consensus revenue estimate is $114.7 million for the quarter ending March 31, 2014.
In-line Guidance
Q 06/2014
4/22/2014
4:18:54 PM
$113.0 mil to $123.0 mil
$118.1 mil
6.2%
2.6%
Guidance:
Consensus:
Harmonic Guides Revenue In-line

Harmonic, Inc. said it expects second quarter revenue of $113.0 million to $123.0 million. The current consensus revenue estimate is $118.1 million for the quarter ending June 30, 2014.
EPS & Revenue Below Estimates
Q 06/2014
7/14/2014
7:30:17 AM
$0.00 to $0.02
$0.06
$117.2 mill
-13.7%
3.0%
Guidance:
Consensus:
Harmonic, Inc.

Harmonic, Inc. said it expects second quarter non-GAAP results to be between breakeven and earnings of $0.02 per share and now expects revenue of $108.0 million to $110.0 million. The company's previous guidance was revenue of $113.0 million to $123.0 million and the current consensus earnings estimate is $0.06 per share on revenue of $117.2 million for the quarter ending June 30, 2014. The company also said it expects third quarter revenue of $103.0 million to $113.0 million. The current consensus revenue estimate is $122.7 million for the quarter ending September 30, 2014.
Revenue Below Estimates
Q 12/2014
10/28/2014
4:03:16 PM
$96.0 mil to $106.0 mil
$111.9 mil
-3.9%
8.7%
Guidance:
Consensus:
Harmonic Guides Below Estimates

Harmonic, Inc. said it expects fourth quarter revenue of $96.0 million to $106.0 million. The current consensus revenue estimate is $111.9 million for the quarter ending December 31, 2014.
In-line Revenue Guidance
Q 03/2015
1/29/2015
4:03:02 PM
$100.0 mil to $110.0 mil
$101.5 mil
10.7%
6.8%
Guidance:
Consensus:
Harmonic Guides In-line

Harmonic, Inc. said it expects first quarter revenue of $100.0 million to $110.0 million. The current consensus revenue estimate is $101.5 million for the quarter ending March 31, 2015.
Revenue Below Estimates
Q 06/2015
4/28/2015
4:03:00 PM
$97.0 mil to $107.0 mil
$108.4 mil
-6.6%
2.7%
Guidance:
Consensus:
Harmonic Guides Below Estimates

Harmonic, Inc. said it expects second quarter revenue of $97.0 million to $107.0 million. The current consensus revenue estimate is $108.4 million for the quarter ending June 30, 2015.
Revenue Below Estimates
Q 09/2015
7/27/2015
4:02:01 PM
$92.0 mil to $102.0 mil
$110.7 mil
-7.0%
-10.0%
Guidance:
Consensus:
Harmonic Guides Below Estimates

Harmonic, Inc. said it expects third quarter revenue of $92.0 million to $102.0 million. The current consensus revenue estimate is $110.7 million for the quarter ending September 30, 2015.
Revenue Below Estimates
Q 09/2015
10/8/2015
8:00:01 AM
-8.7%
3.1%
Guidance:
Consensus:
Harmonic Lowers Guidance

Harmonic, Inc. said it expects third quarter revenue of $81.0 million to $84.0 million. The company's previous guidance was revenue of $92.0 million to $102.0 million and the current consensus revenue estimate is $99.3 million for the quarter ending September 30, 2015.
Revenue Below Estimates
Q 12/2015
10/27/2015
4:02:00 PM
$78.0 mil to $88.0 mil
$95.7 mil
2.6%
3.3%
Guidance:
Consensus:
Harmonic Sees Revenue Below Estimates

Harmonic, Inc. said it expects fourth quarter revenue of $78.0 million to $88.0 million. The current consensus revenue estimate is $95.7 million for the quarter ending December 31, 2015.
Mixed Guidance
FY 2016
2/16/2016
4:03:00 PM
$0.09 to $0.12
-5.7%
-6.4%
Guidance:
Consensus:
Harmonic Guides Earnings Below Estimates; Revenue Above

Harmonic, Inc. said it expects a first quarter non-GAAP loss of $0.03 to $0.02 per share on revenue of $82.0 million to $86.0 million and 2016 earnings of $0.09 to $0.12 per share on revenue of $400.0 million to $415.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $85.4 million for the quarter ending March 31, 2016 and $0.14 per share on revenue of $393.7 million for the year ending December 31, 2016.
Revises Revenue Guidance
FY 2016
5/10/2016
4:03:36 PM
$0.09 to $0.12
$398.0 mil to $413.0 mil
$0.11
$407.1 mil
-6.6%
-16.3%
Guidance:
Consensus:
Harmonic Lowers Revenue Guidance, but Remains In-line with Estimates

Harmonic, Inc. said it expects a second quarter non-GAAP loss of $0.05 to $0.02 per share on revenue of $102.0 million to $107.0 million. The current consensus estimate is for breakeven results on revenue of $103.7 million for the quarter ending June 30, 2016. The company also said it continues to expect 2016 earnings of $0.09 to $0.12 per share and now expects revenue of $398.0 million to $413.0 million. The company's previous guidance was revenue of $400.0 million to $415.0 million and the current consensus earnings estimate is $0.11 per share on revenue of $407.1 million for the year ending December 31, 2016.
EPS Below/Revenue Above
FY 2016
8/9/2016
4:03:10 PM
$0.01 to $0.06
$410.0 mil to $420.0 mil
$0.10
$407.7 mil
17.2%
16.6%
Guidance:
Consensus:
Harmonic Provides Mixed Guidance

Harmonic, Inc. said it expects third quarter non-GAAP earnings of $0.01 to $0.03 per share on revenue of $54.0 million to $55.0 million. The current consensus earnings estimate is $0.03 per share on revenue of $106.4 million for the quarter ending September 30, 2016. The company also said it now expects 2016 earnings of $0.01 to $0.06 per share on revenue of $410.0 million to $420.0 million. The company's previous guidance was earnings of $0.09 to $0.12 per share and now expects revenue of $398.0 million to $413.0 million and the current consensus earnings estimate is $0.10 per share on revenue of $407.7 million for the year ending December 31, 2016.
EPS Below Estimates
Q 12/2016
11/9/2016
4:03:07 PM
$0.05 to $0.07
$0.13
$115.0 mill
-15.9%
2.2%
Guidance:
Consensus:
Harmonic Guides Below Estimates

Harmonic, Inc. said it expects fourth quarter non-GAAP earnings of $0.05 to $0.07 per share on revenue of $106.0 million to $110.0 million. The current consensus earnings estimate is $0.13 per share on revenue of $115.0 million for the quarter ending December 31, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
1/31/2012
4:00:31 PM
Dec '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.08
$143.63 Mil
-
$0.09
$140.49 Mil
-11.1%
2.2%
30.9%
3.9%
0.3%
-
4/24/2012
3:26:00 PM
Mar '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.01
$127.72 Mil
$0.03
$0.00
$130.65 Mil
-66.7%
-2.2%
-
-3.8%
5.2%
-
7/24/2012
4:29:33 PM
Jun '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.03
$132.63 Mil
-
$0.03
$135.28 Mil
-
-2.0%
-37.2%
-1.0%
-0.3%
-
10/23/2012
4:04:08 PM
Sep '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.03
$136.68 Mil
-
$0.03
$134.86 Mil
-
1.4%
-54.4%
-1.6%
0.7%
-
1/29/2013
4:05:36 PM
Dec '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.05
$133.43 Mil
-
$0.04
$137.54 Mil
25.0%
-3.0%
-35.2%
-7.1%
-6.8%
-
4/23/2013
4:02:46 PM
Mar '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$0.01
$101.67 Mil
$0.02
$0.02
$118.29 Mil
-50.0%
-14.0%
-
-20.4%
-2.3%
-
7/23/2013
4:06:29 PM
Jun '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.02
$117.13 Mil
-
($0.02)
$108.71 Mil
200.0%
7.7%
-33.4%
-11.7%
4.3%
-
10/28/2013
4:05:51 PM
Sep '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$0.05
$122.92 Mil
-
$0.02
$120.59 Mil
150.0%
1.9%
29.2%
-10.1%
-0.3%
-
1/28/2014
4:05:51 PM
Dec '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.05
$120.22 Mil
-
$0.03
$121.69 Mil
66.7%
-1.2%
-24.0%
-9.9%
-0.6%
-
4/22/2014
4:18:54 PM
Mar '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$0.00
$108.03 Mil
-
($0.01)
$111.80 Mil
100.0%
-3.4%
-
6.3%
-0.7%
-
7/28/2014
4:50:22 PM
Jun '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$0.01
$109.59 Mil
$0.02
$0.02
$115.23 Mil
-50.0%
-4.9%
-
-6.4%
-6.1%
-
10/28/2014
4:03:16 PM
Sep '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.02
$108.06 Mil
-
$0.01
$108.85 Mil
100.0%
-0.7%
-49.1%
-12.1%
1.3%
-
1/29/2015
4:03:02 PM
Dec '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.01)
$107.88 Mil
-
($0.01)
$102.57 Mil
-
5.2%
-84.7%
-10.3%
4.9%
-
4/28/2015
4:03:00 PM
Mar '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.01
$104.02 Mil
-
($0.01)
$103.75 Mil
200.0%
0.3%
858.3%
-3.7%
-12.1%
-
7/27/2015
4:02:01 PM
Jun '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.01
$103.10 Mil
-
$0.01
$103.48 Mil
-
-0.4%
-
-5.9%
0.2%
-
10/27/2015
4:02:00 PM
Sep '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
($0.03)
$83.31 Mil
-
($0.02)
$86.23 Mil
-50.0%
-3.4%
-
-22.9%
-0.4%
-
2/16/2016
4:03:00 PM
Dec '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
($0.03)
$86.60 Mil
-
($0.04)
$83.92 Mil
25.0%
3.2%
-
-19.7%
-0.6%
-
5/10/2016
4:03:36 PM
Mar '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
($0.14)
$81.83 Mil
-
$0.16
$83.98 Mil
-187.5%
-2.6%
-
-21.3%
-3.9%
-
8/9/2016
4:03:10 PM
Jun '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
($0.05)
$108.76 Mil
($0.08)
($0.08)
$104.90 Mil
37.5%
3.7%
-
5.5%
5.3%
-
11/9/2016
4:03:07 PM
Sep '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$0.00
$101.41 Mil
$0.04
$0.02
$107.10 Mil
-100.0%
-5.3%
-
21.7%
-14.0%
-
EPS
Rev
-
-
-
$0.03
$108.90 Mil
-
-
-
25.7%
EPS
Rev
-
-
-
($0.05)
$99.10 Mil
-
-
-
21.1%
2/3/2011
$8.60
$0.21
$423.3 Mil
-
-
-
1/31/2012
$5.88
$0.23
$549.3 Mil
9.5%
29.8%
-31.6%
1/29/2013
$5.44
$0.09
$530.5 Mil
-60.9%
-3.4%
-7.5%
1/28/2014
$6.67
$0.07
$461.9 Mil
-22.2%
-12.9%
22.6%
1/29/2015
$6.91
($0.02)
$433.6 Mil
-128.6%
-6.1%
3.6%
2/16/2016
$3.32
($0.06)
$377.0 Mil
-
-13.0%
-52.0%
2/16/2017
$5.10
($0.19)
$406.2 Mil
-
7.7%
53.6%
2/16/2018
-
$0.03
$445.1 Mil
-
-
-
2/16/2019
-
-
-
-
-
-

Price Projection

Current Value
$1
-75%
Projected Price
-
-