Harmonic (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 - $17.68
Previous CloseN/A
Volume305.31K
Average Volume (3M)4.40M
Market Cap
$1.62B
Enterprise Value$1.63B
Total Cash (Recent Filing)$109.00M
Total Debt (Recent Filing)$131.06M
Price to Earnings (P/E)―
Beta1.36
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. Volume2,721,270
30 Day Avg. Volume4,399,695
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 Cap1.01
Enterprise Value/Revenue3.26
Enterprise Value/Gross Profit6.47
Enterprise Value/Ebitda33.40
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 Backlog / Revenue VisibilityA record $582.1M backlog (up 87% y/y) with ~60% expected to convert in 12 months materially improves near‑term revenue visibility. This backlog supports predictable demand, phased delivery planning and capacity allocation, reducing execution risk and supporting multi‑quarter planning and investment.
Strong Core MarginsSustained gross margin near 50.5% and positive operating/EBITDA margins indicate durable unit economics in video and broadband platforms. High gross margins provide pricing flexibility and cushion against component cost volatility, supporting sustainable cash conversion as revenue stabilizes or grows.
Healthy Cash & LiquiditySubstantial liquidity (cash, undrawn revolver and anticipated $145M sale proceeds) plus recent free cash flow generation and buybacks give the company financial flexibility. That supports strategic investments in DOCSIS 4.0/fiber, supply buffering, and opportunistic capital returns without immediate refinancing pressure.
Bears Say
Declining Revenue & Net LossA shrinking TTM revenue trend and an ongoing net loss compress returns and undermine long‑term profitability metrics (negative ROE). Persistent revenue weakness could force tradeoffs between R&D, go‑to‑market investment and margin support, constraining growth financing and strategic optionality.
High Customer ConcentrationWith two customers accounting for ~58% of broadband revenue, the company is exposed to outsized downside if one customer reduces orders or demands price concessions. This concentration increases revenue volatility, weakens negotiating leverage, and heightens counterparty and collections risk over multiple quarters.
Supply‑Chain & Transition CostsOngoing memory/component cost pressure, tariff headwinds and ~$10M of stranded costs tied to the video sale compress margins and may persist during new product ramps. These structural cost drags can erode free cash flow and delay margin recovery even if revenue improves, requiring active cost mitigation.
Harmonic News
HLIT FAQ
What was Harmonic’s price range in the past 12 months?
Harmonic lowest stock price was $7.80 and its highest was $17.68 in the past 12 months.
What is Harmonic’s market cap?
Harmonic’s market cap is $1.62B.
When is Harmonic’s upcoming earnings report date?
Harmonic’s upcoming earnings report date is Aug 03, 2026 which is in 37 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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$16.60 (58.10% Upside)
$16.60 (58.10% Upside)
Blogger Sentiment
Bullish
HLIT Sentiment 70%
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 Positive
Last 7 Days ▲ 2.9%
Last 30 Days ▲ 14.1%
Last 30 Days ▲ 14.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
60.54%
12-Months-Change
Fundamentals
Return on Equity
-10.31%
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
▲(58.10% Upside)
Technical Analysis
Ownership Overview
1.65% Insiders
21.17% Mutual Funds
15.92% Other Institutional Investors
33.52% Public Companies and
Individual Investors