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HLIT

Harmonic Inc.

HLIT

NASDAQ·Technology·Communication Equipment·Mkt cap $1.7B

$13.83

-12.36%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$7.80 - $17.68

P/E

-38.83

Fwd P/E

21.55

Beta

1.31

Div Yield

0.00%

Avg Vol

2.9M

Shares Out

112.2M

Mkt Cap

$1.7B

Price action

Price chart

Up 61.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Established market position with major global pay-TV and streaming providers
  • Comprehensive end-to-end video delivery platform spanning hardware and software
  • Recurring SaaS revenue model with high customer switching costs
  • Deep technical expertise and professional services capabilities
  • Integrated solutions reducing customer complexity and total cost of ownership

Bear Case

1 risk

  • Average volatility.

Growth

Turning profitable

Accelerating shift from traditional broadcast to streaming and OTT video delivery

Value

Fairly valued vs Telecom Equipment peers

Momentum

Hot

+71.5% over 3m

Quality

Strong

Solid business

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

MAY 11, 2026

Reported EPS of $0.17 vs $0.12 consensus (+41.7% surprise). Revenue of $121.7M vs $102.2M expected (+19.1%). Beat on both top and bottom lines.

EPS beat +41.7%
Rev beat +19.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+41.7%

Next: Apr 27, 2026

Revenue trend · last 8Q

+33%

+9%

-1%

-27%

-56%

-9%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$138.7M

$195.8M

$222.2M

$133.1M

$138.0M

$142.4M

$98.2M

$121.7M

Margins · last 8Q

Gross

Operating

Profit

6.0%

Wall Street consensus

3 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

67%

Hold

1

33%

Sell

0%

Median Price Target

$15.00

+8.5% vs $13.83

Low $15.00
Median $15.00
High $18.00

Latest: Jefferies · $15.00 · May 12, 2026

4 analysts covering

vs Industry

How HLIT stacks vs Communication Equipment

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.