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Harmonic (HLIT) has 1 split in our HLIT split history database. The split for HLIT took place on October 15, 1999. This was a 2 for 1 split, meaning for each share of HLIT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Harmonic splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the HLIT split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Harmonic shares, starting with a $10,000 purchase of HLIT, presented on a split-history-adjusted basis factoring in the complete HLIT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-1.48%|
|Harmonic provides video delivery software, products, system solutions and services that enable its customers to create, prepare, store, playout and deliver a range of broadcast and over-the-top video services to consumer devices. Co. has two segments, Video and Cable Access. The Video business sells video processing and production and playout solutions and services worldwide to cable operators and satellite and telecommunications (telco) pay-TV service providers, which it refers to collectively as service providers. The Cable Access business sells cable access solutions and related services, including its CableOS software-based cable access solution, primarily to cable operators globally. According to our HLIT split history records, Harmonic has had 1 split.|
|HLIT Split History Table|
|10/15/1999||2 for 1|
|Technology Stock Splits|
|HLIT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: HLIT shares outstanding history