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Harmonic ( (HLIT) ) just unveiled an update.
Harmonic Inc. has moved ahead with the sale of its Video Business to Leone Media Inc., doing business as MediaKind, for $145 million in cash, subject to customary working capital and debt adjustments. After completing the required French employee works council consultation on March 12, 2026, Harmonic exercised its put option and both parties signed an Asset Purchase Agreement on March 20, 2026.
The deal, expected to close in the second quarter of 2026, is contingent on regulatory approvals and other standard closing conditions, and includes a three‑year non‑compete commitment from Harmonic. The agreement also provides mutual indemnities and allows either party to terminate if conditions are not met by June 8, 2026, with a possible automatic extension to September 8, 2026, underscoring the transactional and execution risks for both sides.
The most recent analyst rating on (HLIT) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Harmonic stock, see the HLIT Stock Forecast page.
Spark’s Take on HLIT Stock
According to Spark, TipRanks’ AI Analyst, HLIT is a Neutral.
The score reflects a sharp TTM profitability and revenue setback that weighs on financial performance, partially offset by strong current cash generation and manageable leverage. Technicals are supportive with the stock trading above major moving averages and positive momentum. The latest earnings call improved the outlook via strong bookings/backlog and upbeat 2026 guidance, though concentration and cost headwinds remain. Valuation is reasonable but not clearly compelling at a ~25 P/E and no dividend yield data.
To see Spark’s full report on HLIT stock, click here.
More about Harmonic
Harmonic Inc. is a video technology company that provides video delivery infrastructure and software solutions to media companies and service providers. Its Video Business focuses on products and services that enable the processing and distribution of video content, positioning the firm within the broader broadcast and streaming technology market.
Average Trading Volume: 1,064,301
Technical Sentiment Signal: Sell
Current Market Cap: $992.2M
For an in-depth examination of HLIT stock, go to TipRanks’ Overview page.