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Harmonic Inc. (HLIT)
NASDAQ:HLIT
HLIT Stock Chart & Stats
$9.38
$0.05(0.38%)
At close: 4:00 PM EST
$9.38
$0.05(0.38%)
Day’s Range― - ―
52-Week Range$7.80 - $12.18
Previous CloseN/A
Volume305.31K
Average Volume (3M)1.08M
Market Cap
$1.09B
Enterprise Value$1.08B
Total Cash (Recent Filing)$124.11M
Total Debt (Recent Filing)$147.84M
Price to Earnings (P/E)―
Beta1.36
Next Earnings
May 04, 2026EPS Estimate
0.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.14
Shares Outstanding110,242,355
10 Day Avg. Volume1,631,402
30 Day Avg. Volume1,081,531
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/Revenue2.10
Enterprise Value/Gross Profit3.90
Enterprise Value/Ebitda28.08
Forecast
1Y Price Target
$13.00Price Target Upside38.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.72
Revenue Forecast (FY)$668.57M
Bulls Say, Bears Say
Bulls Say
Strong Free Cash FlowSustained operating and free cash flow (TTM OCF ~$108M; FCF ~$97M) provides Harmonic with durable liquidity to fund R&D, DOCSIS 4.0 ramps, and strategic priorities. This cash generation supports buybacks, reduces refinancing risk, and cushions earnings volatility over coming quarters.
Record Bookings & BacklogA 3.5x book-to-bill quarter and a $573.8M backlog (+73% YoY) create multi-quarter revenue visibility, with management expecting ~$307M to convert within 12 months. That backlog materially reduces near-term demand uncertainty and supports sustainable revenue growth trajectories.
Product Traction & Market PositionLive cOS deployments and DOCSIS 4.0 field validation (Vodafone) indicate product-market fit and execution at scale. Combined with reported Rest-of-World growth and a high NPS, these factors strengthen Harmonic’s competitive position in broadband infrastructure and support durable customer wins.
Bears Say
Customer ConcentrationA single customer accounting for more than half of a quarter's revenue creates a persistent concentration risk that can produce large revenue volatility and weaken pricing leverage. Contract timing or a loss would materially affect short- and medium-term revenue and margins.
Steep Recent Revenue DeclineA ~43% TTM revenue decline and a switch to a net loss compress operating leverage and drive negative ROE. If revenue recovery falters, prolonged earnings weakness could erode equity cushions and constrain investment in product and go-to-market initiatives needed for sustainable growth.
Memory & Transition Cost HeadwindsAnticipated memory cost pressures (~$6M) plus ~$10M of stranded/transition costs from the Video sale are structural margin drags in 2026. These items reduce gross and operating margins and can delay normalization of profitability even as revenue ramps from backlog conversion.
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 $12.18 in the past 12 months.
What is Harmonic Inc.’s market cap?
Harmonic Inc.’s market cap is $1.09B.
When is Harmonic Inc.’s upcoming earnings report date?
Harmonic Inc.’s upcoming earnings report date is May 04, 2026 which is in 57 days.
How were Harmonic Inc.’s earnings last quarter?
Harmonic Inc. released its earnings results on Feb 19, 2026. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.099 by $0.041.
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 0.12.
How many shares outstanding does Harmonic Inc. have?
Harmonic Inc. has 110,242,355 shares outstanding.
What happened to Harmonic Inc.’s price movement after its last earnings report?
Harmonic Inc. reported an EPS of $0.14 in its last earnings report, beating expectations of $0.099. Following the earnings report the stock price went up 1.584%.
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
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$13.00 (38.59% Upside)
$13.00 (38.59% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 78.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $185.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.9%
Last 30 Days ▲ 1.6%
Last 30 Days ▲ 1.6%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-10.66%
12-Months-Change
Fundamentals
Return on Equity
2.76%
Trailing 12-Months
Asset Growth
-10.04%
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook driven by record bookings, substantial backlog expansion (up 73% YoY), stronger Rest-of-World diversification (33% YoY growth, 41% of broadband revenue), accelerating DOCSIS 4.0 and fiber traction, solid free cash flow ($97M) and a strengthened balance sheet anticipated from the Video sale. Notable near-term headwinds include memory cost pressure (~$6M net built into guidance), stranded costs (~$10M in 2026), tariff impacts, elevated DSO, and a high single-customer concentration in the quarter (one customer = 53% of Q4 revenue). Management provided constructive 2026 guidance (revenue $440M–$480M, implying 22%–33% growth in continuing ops) while taking prudent assumptions on memory and supply timing. Overall, the positive operational momentum and financial visibility from bookings/backlog outweigh the near-term cost and execution risks.View all HLIT earnings summariesHLIT Stock 12 Month Forecast
Average Price Target
$13.00
▲(38.59% Upside)
Technical Analysis
Ownership Overview
1.29% Insiders
20.40% Mutual Funds
13.87% Other Institutional Investors
39.35% Public Companies and
Individual Investors