0J38 Stock Chart & Stats
$11.10
$0.54(4.86%)
At close: 4:00 PM EDT
$11.10
$0.54(4.86%)
Day’s Range― - ―
52-Week Range$8.54 - $19.80
Previous CloseN/A
Volume786.00
Average Volume (3M)6.33K
Market Cap
$1.25B
Enterprise Value$1.04K
Total Cash (Recent Filing)$109.00M
Total Debt (Recent Filing)$131.06M
Price to Earnings (P/E)―
Beta0.97
Next Earnings
Aug 12, 2026EPS Estimate
0.17Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.37
Shares Outstanding108,496,440
10 Day Avg. Volume2,204
30 Day Avg. Volume6,328
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
$16.60Price Target Upside49.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.64
Revenue Forecast (FY)$490.44M
Bulls Say, Bears Say
Bulls Say
Record Backlog And Raised GuidanceA record $582M backlog (87% y/y) and raised broadband guidance materially increase revenue visibility over the next 12 months. High conversion expectations (~60% within 12 months) de-risks near-term demand and supports capacity planning, enabling steadier revenue recognition and resource allocation.
Healthy Core Margins And Operating ProfitabilitySustained gross margins near 50% and positive operating/EBITDA margins indicate durable unit economics in video and broadband platforms. These margins provide structural profitability leverage as revenue scales, cushioning earnings against cyclical variability and supporting reinvestment in product development.
Strong Cash Generation And LiquidityConsistent positive operating and free cash flow, sizeable cash balance, undrawn revolver and expected video-sale proceeds create durable financial flexibility. This supports capital allocation (share buybacks, R&D), buffers supply shocks, and funds product rollouts without immediate need for dilutive financing.
Bears Say
High Customer ConcentrationDependence on two customers for the majority of revenue increases business risk: contract timing, pricing pressure, or churn from either could materially reduce top-line and cash flow. This concentration complicates forecasting and weakens negotiating leverage, limiting long-term revenue stability.
Supply-chain And Memory Cost PressureMaterial component cost and availability risks (memory, CPUs, PCBs) compress margins and can delay customer ramps. A multi-million dollar memory hit and tariff exposure reduce predictable margin expansion from product mix and create ongoing cost volatility, pressuring sustained profitability.
Revenue Decline And Negative ROEDeclining TTM revenue and recurring net losses have produced negative ROE, indicating current deployments aren't fully converting to shareholder returns. Unless growth re-accelerates while sustaining margins, persistent revenue softness undermines long-term profitability and capital efficiency.
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 $1.25B.
When is Harmonic Inc.’s upcoming earnings report date?
Harmonic Inc.’s upcoming earnings report date is Aug 12, 2026 which is in 4 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on May 11, 2026. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.115 by $0.055.
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 108,496,440 shares outstanding.
What happened to Harmonic Inc.’s price movement after its last earnings report?
Harmonic Inc. reported an EPS of $0.17 in its last earnings report, beating expectations of $0.115. Following the earnings report the stock price went up 1.1%.
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:
$16.60 (49.55% Upside)
$16.60 (49.55% Upside)
Blogger Sentiment
Bullish
GB:0J38 Sentiment 100%
Sector Average 61%
Sector Average 61%
Insider Transactions
Sold Shares
Worth $477.8K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
26.11%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-8.85%
Trailing 12-Months
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: robust Q1 results (43% broadband revenue growth), record backlog (up 87%), expanding rest-of-market traction (78% growth), raised full-year guidance, solid cash generation and active capital returns. Challenges noted include supply-chain and memory cost pressures that compress second-half margins (net ~$6M memory impact), continued revenue concentration (two customers = 58% of revenue), stranded costs tied to the video sale, and component availability risks that prompted conservative sequential guidance. On balance, the company demonstrated clear execution, improving visibility and a plan to mitigate risks while pursuing growth in DOCSIS 4.0, fiber and network intelligence.View all GB:0J38 earnings summaries0J38 Stock 12 Month Forecast
Average Price Target
$16.60
▲(49.55% Upside)