Want to see HLIT full AI Analyst Report?
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)2.31M
Market Cap
$1.31B
Enterprise Value$1.04K
Total Cash (Recent Filing)$109.00M
Total Debt (Recent Filing)$131.06M
Price to Earnings (P/E)―
Beta1.39
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. Volume1,403,971
30 Day Avg. Volume2,314,472
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 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
Backlog & Revenue VisibilityA record backlog of $582.1M with ~60% expected to convert within 12 months materially improves near‑term revenue visibility and planning. This backlog supports predictable revenue recognition, steadier cash flow conversion and smoother capacity/resource allocation as installations and subscriptions roll out.
Strong Margin StructureSustained gross margin around 50% and positive operating/EBITDA margins reflect durable product-level economics and cost discipline. This structural margin cushion helps absorb input cost volatility, supports reinvestment in R&D and commercial efforts, and creates a clear path to restored net profitability as revenue stabilizes.
Cash Generation & LiquidityRobust liquidity (cash, undrawn revolver and expected video-sale proceeds) combined with historical positive free cash flow gives the company flexibility to fund product ramps, absorb working-capital swings, pursue strategic actions or continue buybacks without immediate financing stress, supporting medium-term execution.
Bears Say
Customer ConcentrationHigh concentration (two customers = 58% of Q1 revenue) creates persistent revenue and bargaining risk. A slowdown, pricing renegotiation, or loss by either customer would materially impact top line and cash flow, making long-term growth and forecast accuracy contingent on diversifying customer mix.
Revenue & Profitability PressureTrailing revenue decline and a negative net margin indicate weakening top-line momentum and bottom-line erosion. Persistent revenue weakness reduces operating leverage, undermines ROE and may force tradeoffs between margin recovery and growth investments until sustainable demand and higher utilization return.
Supply-Chain & Cost HeadwindsOngoing memory and component constraints, plus stranded costs tied to the video sale, pose structural margin and timing risks. These pressures can compress gross margins, require higher inventory levels that tie cash, and delay customer deployments—reducing near-term conversion of backlog and pressuring medium-term cash generation.
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 $1.31B.
When is Harmonic’s upcoming earnings report date?
Harmonic’s upcoming earnings report date is Aug 03, 2026 which is in 15 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
2
3
4
5
6
7
8
9
10
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 63%
Sector Average 63%
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
Negative
Last 7 Days ▼ 3.8%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.80%
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 Stock 12 Month Forecast
Average Price Target
$16.60
▲(58.10% Upside)
Technical Analysis
Ownership Overview
1.65% Insiders
21.17% Mutual Funds
1.26% Other Institutional Investors
47.37% Public Companies and
Individual Investors