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HLIT Stock Chart & Stats
$11.19
-$0.41(-3.53%)
At close: 4:00 PM EDT
$11.19
-$0.41(-3.53%)
Day’s Range― - ―
52-Week Range$8.25 - $17.68
Previous CloseN/A
Volume1.39M
Average Volume (3M)1.96M
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)―
Beta1.43
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. Volume1,455,592
30 Day Avg. Volume1,960,849
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 Upside48.35% 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 Revenue VisibilityA $582.1M backlog (up 87% y/y) with ~60% expected to convert in 12 months materially raises short-to-medium term revenue visibility. This backlog underpins production planning, supports guidance credibility and smooths near-term demand volatility as the business scales DOCSIS 4.0 and fiber rollouts.
Strong Cash Generation And LiquidityConsistent positive operating cash flow and meaningful free cash flow, combined with $109M cash, an $82M undrawn revolver and expected ~$145M video-sale proceeds, create durable financial flexibility. This liquidity supports R&D, product ramps, working-capital needs, and ongoing capital returns without forcing dilutive financing.
High Gross And Operating Margins; Product TractionSustained ~50% gross margin and positive operating/EBITDA margins reflect a high-value product and software mix. Growth in DOCSIS 4.0, fiber bookings and a 150-customer cOS base increases recurring and appliance revenue, supporting margin sustainability as hardware-to-software mix and service adoption progress.
Bears Say
TTM Unprofitability And Negative ROEA trailing loss and negative ROE signal that current operations do not generate shareholder returns despite healthy gross margins. Continued net losses can erode equity over time, constrain reinvestment capacity, and pressure management to prioritize short-term cash outcomes over long-term strategic investments if profitability recovery stalls.
High Customer ConcentrationWith two customers making up 58% of broadband revenue, bargaining power and revenue volatility are elevated. Large-customer dependency raises risk of churn, pricing pressure and payment timing swings that can materially affect revenue conversion, DSO normalization and working-capital needs over multiple quarters.
Supply-chain, Memory Costs And Stranded Costs Pressure MarginsComponent scarcity, elevated memory costs and one-time stranded costs from the video sale are structural near-term margin headwinds. These factors increase product cost, force inventory builds and raise working-capital needs, compressing second-half gross margins and reducing the durability of operating margin improvements until ramps and supply normalize.
Harmonic News
HLIT FAQ
What was Harmonic’s price range in the past 12 months?
Harmonic lowest stock price was $8.25 and its highest was $17.68 in the past 12 months.
What is Harmonic’s market cap?
Harmonic’s market cap is $1.25B.
When is Harmonic’s upcoming earnings report date?
Harmonic’s upcoming earnings report date is Aug 12, 2026 which is in 10 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
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4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$16.60 (48.35% Upside)
$16.60 (48.35% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 100%
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 Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 2.3%
Last 30 Days ▼ 2.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
25.87%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-8.85%
Trailing 12-Months
Company Description
Harmonic
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.
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
▲(48.35% Upside)
Technical Analysis
Ownership Overview
1.65% Insiders
21.17% Mutual Funds
2.90% Other Institutional Investors
45.37% Public Companies and
Individual Investors