Harmonic (HLIT)
NASDAQ:HLIT
Want to see HLIT full AI Analyst Report?
HLIT Stock Chart & Stats
$10.50
$0.05(0.38%)
At close: 4:00 PM EST
$10.50
$0.05(0.38%)
Day’s Range― - ―
52-Week Range$7.80 - $17.68
Previous CloseN/A
Volume305.31K
Average Volume (3M)3.69M
Market Cap
$1.69B
Enterprise Value$1.66B
Total Cash (Recent Filing)$109.00M
Total Debt (Recent Filing)$131.06M
Price to Earnings (P/E)―
Beta1.28
Next Earnings
Aug 03, 2026EPS Estimate
0.17Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.37
Shares Outstanding108,496,440
10 Day Avg. Volume7,188,859
30 Day Avg. Volume3,689,435
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 Cap0.98
Enterprise Value/Revenue3.32
Enterprise Value/Gross Profit6.58
Enterprise Value/Ebitda32.02
Forecast
1Y Price Target
$16.60Price Target Upside58.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.56
Revenue Forecast (FY)$469.58M
Bulls Say, Bears Say
Bulls Say
Margin And Cash GenerationHarmonic maintains a durable core margin structure with ~50% gross margin and positive operating/EBITDA margins, which underpin cash generation. Positive TTM free cash flow (~$45M) and operating cash (~$56M) support reinvestment, debt service, and share repurchases, improving resilience over coming quarters.
Strong Backlog And Raised GuidanceA record backlog of $582M with the majority expected to convert within a year materially increases revenue visibility and short-to-medium term cash conversion. Raised full-year broadband guidance reflects demand and execution, supporting sustained revenue growth and planning over the next several quarters.
Strategic Refocus On BroadbandDivesting the Video business and resegmenting into a single Broadband operating segment sharpens strategic focus and simplifies resource allocation. The structural shift concentrates management attention, product roadmaps, and capital toward DOCSIS4.0, fiber and broadband growth initiatives with clearer performance tracking.
Bears Say
High Customer ConcentrationReliance on two customers for the majority of revenue creates durable downside risk: contract changes, pricing pressure, or spending shifts by either customer could materially impact revenue, margins and cash flow, limiting predictability and negotiating leverage over the medium term.
Negative Profitability And Revenue DeclineDespite healthy gross and operating margins, trailing results show a net loss and revenue contraction, indicating challenges converting operational profitability into bottom-line returns. Persistent net losses depress returns on equity and constrain long-term capital accumulation if not reversed through sustained revenue growth or cost actions.
Supply-chain And Cost HeadwindsMaterial component cost and supply constraints (memory, CPUs, PCBs) are expected to compress margins and may delay deployments. Combined with stranded costs from the video sale and planned inventory builds, these structural inputs can reduce margin sustainability and tie up cash across multiple quarters.
Harmonic News
HLIT FAQ
What was Harmonic’s price range in the past 12 months?
Harmonic lowest stock price was $7.80 and its highest was $17.68 in the past 12 months.
What is Harmonic’s market cap?
Harmonic’s market cap is $1.69B.
When is Harmonic’s upcoming earnings report date?
Harmonic’s upcoming earnings report date is Aug 03, 2026 which is in 59 days.
How were Harmonic’s earnings last quarter?
Harmonic 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 overvalued?
According to Wall Street analysts Harmonic’s price is currently Undervalued.
Does Harmonic pay dividends?
Harmonic does not currently pay dividends.
What is Harmonic’s EPS estimate?
Harmonic’s EPS estimate is 0.17.
How many shares outstanding does Harmonic have?
Harmonic has 108,496,440 shares outstanding.
What happened to Harmonic’s price movement after its last earnings report?
Harmonic 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 0.935%.
Which hedge fund is a major shareholder of Harmonic?
Currently, no hedge funds are holding shares in HLIT
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 (58.10% Upside)
$16.60 (58.10% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 340.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $477.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.3%
Last 30 Days ▲ 106.4%
Last 30 Days ▲ 106.4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
54.96%
12-Months-Change
Fundamentals
Return on Equity
-10.31%
Trailing 12-Months
Asset Growth
-8.85%
Trailing 12-Months
Company Description
Harmonic
Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable operators. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.
HLIT Company Deck
HLIT 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 HLIT earnings summariesHLIT Stock 12 Month Forecast
Average Price Target
$16.60
▲(58.10% Upside)
Technical Analysis
Ownership Overview
1.61% Insiders
21.16% Mutual Funds
15.92% Other Institutional Investors
32.93% Public Companies and
Individual Investors