0J38 Stock Chart & Stats
$12.07
$0.54(4.86%)
At close: 4:00 PM EDT
$12.07
$0.54(4.86%)
Day’s Range― - ―
52-Week Range$8.54 - $19.80
Previous CloseN/A
Volume786.00
Average Volume (3M)3.75K
Market Cap
$1.21B
Enterprise Value$1.44K
Total Cash (Recent Filing)$231.86M
Total Debt (Recent Filing)$130.12M
Price to Earnings (P/E)―
Beta0.81
Next Earnings
Nov 02, 2026EPS Estimate
0.17Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.42
Shares Outstanding109,066,444
10 Day Avg. Volume1,423
30 Day Avg. Volume3,754
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.93
Price to Sales (P/S)3.12
P/FCF Ratio11.60
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$17.50Price Target Upside44.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.71
Revenue Forecast (FY)$490.44M
Bulls Say, Bears Say
Bulls Say
Backlog VisibilityThe record backlog and deferred revenue base gives Harmonic strong near-term revenue visibility and supports more reliable capacity planning. High expected conversion within 12 months also indicates that recent bookings can translate into reported growth rather than remaining only a future pipeline.
Market DiversificationGrowth outside Harmonic’s largest established customers is helping diversify demand and broaden the company’s market position. Rising rest-of-market bookings, alongside fiber activity, can create a more balanced revenue base and reduce dependence on a small set of operators over time.
LiquidityThe enlarged cash balance and available credit provide financial flexibility to fund operations, product development and customer deployments while the business transitions after the Video sale. This liquidity also improves resilience if working-capital needs or execution costs remain elevated.
Bears Say
Customer ConcentrationRevenue concentration leaves Harmonic exposed to changes in spending, deployment schedules or purchasing decisions at a small number of customers. Even with improving rest-of-market traction, losing or delaying one major relationship could materially affect revenue, utilization and operating results.
Revenue And Profit VolatilityThe sharp revenue contraction and return to net losses indicate that Harmonic’s earnings power remains volatile despite a solid gross margin and positive EBIT margin. Sustained improvement in demand and consistent profitability are needed before the company can demonstrate a durable earnings base.
Memory Cost PressureHigher memory costs can pressure margins, while the inventory build ties up cash and raises execution risk if demand or component pricing changes. These effects are particularly important because management has already incorporated the cost burden into second-half guidance.
Harmonic News
0J38 FAQ
What was Harmonic Inc.’s price range in the past 12 months?
Harmonic Inc. lowest share price was $8.54 and its highest was $19.80 in the past 12 months.
What is Harmonic Inc.’s market cap?
Harmonic Inc.’s market cap is $1.21B.
When is Harmonic Inc.’s upcoming earnings report date?
Harmonic Inc.’s upcoming earnings report date is Nov 02, 2026 which is in 40 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on Aug 12, 2026. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.168 by $0.042.
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 0.17.
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 $0.21 in its last earnings report, beating expectations of $0.168. Following the earnings report the stock price went up 7.396%.
Which hedge fund is a major shareholder of Harmonic Inc.?
Currently, no hedge funds are holding shares in GB:0J38
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$17.50 (44.99% Upside)
$17.50 (44.99% Upside)
Blogger Sentiment
Bullish
GB:0J38 Sentiment 80%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.87%
12-Months-Change
Fundamentals
Return on Equity
―
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.
0J38 Company Deck
0J38 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 GB:0J38 earnings summaries0J38 Stock 12 Month Forecast
Average Price Target
$17.50
▲(44.99% Upside)