HMC Stock Chart & Stats
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Bulls Say, Bears Say
Bulls Say
Backlog VisibilityRecord backlog and deferred revenue provide substantial visibility into near-term revenue conversion and reduce reliance on winning entirely new business each quarter. The high expected conversion rate supports planning, resource allocation, and continued execution over the next several quarters.
Broadband GrowthStrong Broadband growth and higher full-year guidance indicate improving demand for Harmonic’s operator infrastructure, while the guidance increase suggests management sees momentum as sufficiently durable to raise expectations. This can support scale benefits and reinforce the company’s market position.
Product AdoptionAdoption across multiple operators and a high customer NPS support the durability of Harmonic’s software and intelligence platform. Reported reductions in subscriber calls also point to measurable customer value, which can strengthen retention and create opportunities for broader deployments.
Bears Say
Customer ConcentrationRevenue concentration leaves Harmonic materially exposed to spending decisions, renewals, or deployment timing at a small number of customers. Although rest-of-market activity is diversifying the base, the current concentration could still create pronounced revenue volatility over the next several quarters.
Profitability VolatilityThe sharp revenue decline and return to net losses indicate that recent earnings power remains unstable, even with a solid gross margin and positive EBIT margin. Sustained profitability will depend on restoring scale and consistency, which weakens confidence in durable cash earnings over the medium term.
Cost And Working Capital PressureHigher memory costs and elevated inventory can pressure gross margins and absorb cash as Harmonic prepares for demand. The negative quarterly free cash flow shows that growth is currently requiring working-capital investment, potentially limiting internally funded flexibility if these pressures persist.
Harmonic News
HMC FAQ
What was Harmonic Inc.’s price range in the past 12 months?
Currently, no data Available
What is Harmonic Inc.’s market cap?
Harmonic Inc.’s market cap is CHF968.14M.
When is Harmonic Inc.’s upcoming earnings report date?
Harmonic Inc.’s upcoming earnings report date is Nov 02, 2026 which is in 4 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on Aug 12, 2026. The company reported CHF0.174 earnings per share for the quarter, beating the consensus estimate of CHF0.139 by CHF0.035.
Is Harmonic Inc. overvalued?
According to Wall Street analysts Harmonic Inc.’s price is currently Undervalued.
Does Harmonic Inc. pay dividends?
Harmonic Inc. does not currently pay dividends.
What is Harmonic Inc.’s EPS estimate?
Harmonic Inc.’s EPS estimate is 0.14.
How many shares outstanding does Harmonic Inc. have?
Harmonic Inc. has 109,066,444 shares outstanding.
What happened to Harmonic Inc.’s price movement after its last earnings report?
Harmonic Inc. reported an EPS of CHF0.174 in its last earnings report, beating expectations of CHF0.139. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of Harmonic Inc.?
Currently, no hedge funds are holding shares in CH:HMC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Harmonic Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
CHF14.52 (― Upside)
CHF14.52 (― Upside)
Blogger Sentiment
Bullish
CH:HMC Sentiment 80%
Sector Average 65%
Sector Average 65%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.70%
12-Months-Change
Fundamentals
Return on Equity
-12.23%
Trailing 12-Months
Asset Growth
-19.24%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Harmonic Inc.
Harmonic Inc., along with its affiliated entities, operates globally, delivering advanced software, hardware, system solutions, and related services for video content distribution. The company's business activities are structured into two main divisions: Video and Cable Access. The Video division furnishes comprehensive solutions for video processing, content production, and playout. Its customer base includes cable operators, satellite and telecommunications Pay-TV providers, as well as broadcast and a variety of media companies, specifically those involved in streaming. This segment offers dedicated video processing equipment, which encompasses network management and application software, complemented by hardware components such as encoders, video servers, high-density stream processing units, and edge processors. Furthermore, it provides Software-as-a-Service (SaaS) platforms that enable the bundling and transmission of diverse streaming content – including live streams, video-on-demand, catch-up TV, start-over TV, network-based digital video recording (DVR), and cloud-based DVR services. These services are delivered via HTTP streaming to a multitude of devices and incorporate dynamic, personalized advertising insertion capabilities. The Cable Access division specializes in offering CableOS software-centric cable access solutions and CableOS central cloud services, primarily targeting cable operators. Ultimately, Harmonic's product suite empowers its clients to create, manage, store, broadcast, and stream a wide spectrum of video services to end-user devices, including televisions, personal computers, laptops, tablets, and smartphones. Beyond its core offerings, the company provides a range of technical support and professional services. These include ongoing maintenance and support, expert consulting, system implementation, project oversight, technical design and planning, site preparation, integration, equipment installation, thorough system testing, and user training. The company distributes its products both through its internal sales team and indirectly via independent resellers and systems integrators. Harmonic Inc. was founded in 1988 and is headquartered in San Jose, California.
HMC Company Deck
HMC Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a notably positive operational and financial update: strong top-line growth (Q2 revenue +54% YoY), record bookings and backlog, raised full-year guidance, improved profitability and a sizable cash infusion from the Video sale. Product momentum across fiber, DOCSIS 4.0, and the intelligence platform, plus a very high customer NPS (87), support continued growth. Key risks include customer concentration (two customers representing 63% of revenue), elevated inventory and memory cost pressures (built-in ~$3M/quarter), stranded costs from the Video divestiture (~$10M FY), and negative free cash flow in the quarter. On balance, the positive financial performance, improved visibility from backlog, and strategic progress materially outweigh the challenges called out.View all CH:HMC earnings summaries