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Harmonic (HLIT) Stock Price & Analysis

HLIT Stock Chart & Stats

$10.23-$0.57(-5.28%)
At close: 4:00 PM EDT
$10$12$143 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$10.10 - $10.53
52-Week Range
$8.47 - $17.68
Previous Close
$10.80
Volume
1.39M
Average Volume (3M)
1.38M
Market Cap
$1.12B
Enterprise Value
$1.44B
Total Cash (Recent Filing)
$231.86M
Total Debt (Recent Filing)
$130.12M
Price to Earnings (P/E)
―
Beta
1.54
Next Earnings
Nov 02, 2026 (Est.)
EPS Estimate
0.17
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Backlog Visibility

The record backlog and deferred revenue provide meaningful forward visibility and reduce dependence on near-term order timing. With most expected to convert within a year, Harmonic has a stronger foundation for sustaining revenue, planning capacity, and supporting operating leverage over the next several quarters.

Broadband Growth

Strong Broadband growth and higher full-year guidance indicate improving demand for Harmonic’s operator products and expanding commercial momentum. Continued adoption across fiber, DOCSIS 4.0, and related platforms could strengthen scale, support margins, and make Broadband the company’s durable growth engine.

Liquidity

The enlarged cash position and available credit give Harmonic greater flexibility to fund product development, manage working-capital needs, and absorb business volatility. This liquidity also reduces immediate financing pressure while management focuses on Broadband growth and operational execution.

Bears Say

Customer Concentration

Heavy dependence on two customers makes revenue and cash generation vulnerable to changes in their purchasing plans, deployment schedules, or relationships. Rest-of-market expansion is encouraging, but concentration remains a material structural risk to forecasting stability over the next several quarters.

Earnings Volatility

The sharp revenue contraction and recurring net losses show that Harmonic’s earnings power remains uneven despite resilient gross margins and positive operating margins. Sustained recovery depends on converting current Broadband momentum into consistent revenue and profitability rather than relying on isolated strong quarters.

Cost Pressure

Higher memory costs can compress profitability, while inventory buildup and negative quarterly free cash flow tie up capital in the operating cycle. These pressures may limit cash conversion and offset some benefits from revenue growth until component costs and inventory requirements normalize.

Harmonic News

HLIT FAQ

What was Harmonic’s price range in the past 12 months?
Harmonic lowest stock price was $8.47 and its highest was $17.68 in the past 12 months.
What is Harmonic’s market cap?
Harmonic’s market cap is $1.12B.
When is Harmonic’s upcoming earnings report date?
Harmonic’s next earnings report is estimated for Nov 02, 2026 (not yet confirmed), which is today.
How were Harmonic’s earnings last quarter?
Harmonic 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 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 109,066,444 shares outstanding.
What happened to Harmonic’s price movement after its last earnings report?
Harmonic 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 9%.
Which hedge fund is a major shareholder of Harmonic?
Hedge funds hold Harmonic shares: the largest hedge-fund position in Harmonic is 71,887,687 shares, and hedge funds decreased their holdings by 935.8K shares last quarter.
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