Harmonic Inc. (HLIT)
NASDAQ:HLIT
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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 - $15.39
Previous CloseN/A
Volume305.31K
Average Volume (3M)1.02M
Market Cap
$1.45B
Enterprise Value$1.44B
Total Cash (Recent Filing)$109.00M
Total Debt (Recent Filing)$131.06M
Price to Earnings (P/E)34.5
Beta1.26
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. Volume931,680
30 Day Avg. Volume1,018,067
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 Cap0.99
Enterprise Value/Revenue2.87
Enterprise Value/Gross Profit5.68
Enterprise Value/Ebitda27.67
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
Record Broadband BacklogA record $582.1M backlog (up 87% y/y) provides durable revenue visibility and execution runway; with ~60% expected to convert within 12 months, backlog supports near-term revenue conversion, capacity planning, and reduces short-term demand risk versus spot orders.
Strong Cash Generation And Capital FlexibilityQuarterly free cash flow generation and active buybacks indicate repeatable cash conversion from operations; sustained FCF enables reinvestment in broadband product ramps, supports deleveraging or opportunistic M&A, and gives management flexibility on capital allocation beyond volatile earnings.
Healthy Core Margins And Operating ProfitabilitySustained ~50% gross margin and positive operating/EBITDA margins signal an underlying cost structure that supports profitable product delivery; even with a net loss, healthy core margins enable cash generation, funding of software/cloud transitions and margin recovery as supply pressures ease.
Bears Say
High Customer ConcentrationMaterial concentration (two customers = 58% of broadband revenue) creates structural revenue and negotiating-risk: contract, pricing or budget shifts at a handful of customers could materially reduce revenue, backlog conversion and cash flow predictability over multiple quarters.
TTM Unprofitability And Revenue DeclineA trailing-year net loss and declining revenue weaken retained earnings and ROE, constraining long-term reinvestment and tolerance for margin shocks; persistent bottom-line weakness can limit strategic flexibility despite positive operating margins and requires sustained revenue recovery to restore profitability.
Supply-chain And Memory Cost PressureMaterial memory cost headwinds, stranded costs from the video sale and ongoing component shortages can compress margins and delay deployments for multiple quarters; rising inventory and higher DSO expectations also risk tying up cash and reducing margin conversion on booked orders.
Harmonic News
HLIT FAQ
What was Harmonic Inc.’s price range in the past 12 months?
Harmonic Inc. lowest stock price was $7.80 and its highest was $15.39 in the past 12 months.
What is Harmonic Inc.’s market cap?
Harmonic Inc.’s market cap is $1.45B.
When is Harmonic Inc.’s upcoming earnings report date?
Harmonic Inc.’s upcoming earnings report date is Aug 03, 2026 which is in 80 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 0.935%.
Which hedge fund is a major shareholder of Harmonic Inc.?
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
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$16.60 (58.10% Upside)
$16.60 (58.10% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 78.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 16.8%
Last 30 Days ▲ 11.7%
Last 30 Days ▲ 11.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
17.97%
12-Months-Change
Fundamentals
Return on Equity
-10.08%
Trailing 12-Months
Asset Growth
-8.85%
Trailing 12-Months
Company Description
Harmonic Inc.
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
1.57% Insiders
20.96% Mutual Funds
12.45% Other Institutional Investors
37.21% Public Companies and
Individual Investors