Symbols / HLIT Stock $14.66 -5.91% Harmonic Inc.

Technology • Communication Equipment • United States • NMS
HLIT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Communication Equipment
CEO Mr. Nimrod Ben-Natan
Exch · Country NMS · United States
Market Cap 1.59B
Enterprise Value 1.61B
Income 8.49M
Sales 397.34M
FCF (ttm) -81.87M
Book/sh 3.27
Cash/sh 1.00
Employees 521
Insider 10d —
IPO May 23, 1995
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 183.25
Forward P/E 18.86
PEG 1.84
P/S 4.00
P/B 4.48
P/C —
EV/EBITDA 39.02
EV/Sales 4.06
Quick Ratio 0.91
Current Ratio 2.27
Debt/Eq 36.90
LT Debt/Eq —
EPS (ttm) 0.08
EPS next Y 0.78
EPS Growth 31.90%
Revenue Growth 43.40%
EPS Gr Q/Q 23.00%
Rev Gr Q/Q —
Earnings (next) 2026-07-27
Earnings (prior) 2026-05-11
ROA 2.57%
ROE 2.12%
ROIC —
Gross Margin 48.29%
Oper. Margin 16.80%
Profit Margin -10.56%
Shs Outstand 108.50M
Shs Float 106.54M
Insider Own 2.01%
Instit Own 87.06%
Short Float 4.01%
Short Ratio 1.72
Short Interest 3.09M
52W High 17.68
vs 52W High -17.08%
52W Low 7.80
vs 52W Low 87.95%
Beta 1.24
Impl. Vol. 46.31%
Rel Volume 1.89
Avg Volume 2.35M
Volume 4.45M
Target (mean) $15.29
Tgt Median $15.00
Tgt Low $8.00
Tgt High $20.00
# Analysts 7
Recom None
Prev Close $15.58
Price $14.66
Change -5.91%
About

Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. It also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.29
Mean price target
2. Current target
$14.66
Latest analyst target
3. DCF / Fair value
$-13.58
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$14.66
Low
$8.00
High
$20.00
Mean
$15.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-12 main Rosenblatt Buy → Buy $20
2026-05-12 main Barclays Equal-Weight → Equal-Weight $15
2026-05-12 main Needham Buy → Buy $18
2026-03-27 main Rosenblatt Buy → Buy $16
2026-02-20 main Rosenblatt Buy → Buy $16
2026-02-20 main Needham Buy → Buy $17
2026-02-12 main Rosenblatt Buy → Buy $14
2025-12-09 main Rosenblatt Buy → Buy $14
2025-12-09 reit Needham Buy → Buy $15
2025-11-05 main Barclays Equal-Weight → Equal-Weight $11
2025-11-04 main Rosenblatt Buy → Buy $14
2025-11-04 main Needham Buy → Buy $15
2025-10-01 main Rosenblatt Buy → Buy $14
2025-07-29 main Barclays Equal-Weight → Equal-Weight $8
2025-07-29 main Rosenblatt Buy → Buy $11
2025-07-29 main Needham Buy → Buy $12
2025-07-08 init Wolfe Research — → Underperform —
2025-06-17 main Rosenblatt Buy → Buy $11
2025-04-29 main Rosenblatt Buy → Buy $11
2025-04-29 reit Needham Buy → Buy $14
News
RSS: Latest HLIT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-22 JANKOVIC WALTER F. Chief Financial Officer — 6,645 — —
2026-05-15 HALTMAYER NEVEN Officer — 11,373 — —
2026-05-15 BEN NATAN NIMROD Chief Executive Officer — 26,196 — —
2026-05-15 CHU TIMOTHY C Officer — 9,876 — —
2026-05-15 JANKOVIC WALTER F. Chief Financial Officer — 19,785 — —
2026-05-14 COPELAND STEPHANIE Director — 4,300 $13.30 $57,212
2026-05-13 HALTMAYER NEVEN Officer — 31,766 $13.24 $420,604
2026-03-11 BEN NATAN NIMROD Chief Executive Officer — 20,032 — —
2026-03-11 JANKOVIC WALTER F. Chief Financial Officer — 1,457 — —
2026-02-27 HALTMAYER NEVEN Officer — 2,724 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
360.52
-26.15%
488.20
+25.67%
388.48
-37.84%
624.96
Operating Revenue
360.52
-26.15%
488.20
+25.67%
388.48
-37.84%
624.96
Cost Of Revenue
185.78
-25.12%
248.09
+17.94%
210.36
-31.94%
309.07
Reconciled Cost Of Revenue
185.78
-25.12%
248.09
+17.94%
210.36
-31.94%
309.07
Gross Profit
174.75
-27.22%
240.11
+34.80%
178.12
-43.61%
315.88
Operating Expense
157.71
+3.93%
151.74
+2.54%
147.98
-44.58%
267.02
Research And Development
76.33
+5.17%
72.57
+4.11%
69.71
-42.06%
120.31
Selling General And Administration
81.38
+2.80%
79.17
+1.14%
78.27
-46.65%
146.72
Total Expenses
343.49
-14.09%
399.84
+11.58%
358.34
-37.80%
576.10
Operating Income
17.03
-80.73%
88.36
+193.19%
30.14
-38.32%
48.86
Total Operating Income As Reported
14.08
-81.16%
74.73
+148.87%
30.03
-34.03%
45.52
EBITDA
23.74
-73.66%
90.14
+113.97%
42.13
-31.82%
61.78
Normalized EBITDA
26.69
-74.28%
103.77
+145.69%
42.24
-35.15%
65.13
Reconciled Depreciation
11.08
-8.71%
12.14
-0.95%
12.26
-0.04%
12.26
EBIT
12.66
-83.77%
78.00
+161.12%
29.87
-39.68%
49.52
Total Unusual Items
-2.95
+78.34%
-13.63
-12290.91%
-0.11
+96.71%
-3.34
Total Unusual Items Excluding Goodwill
-2.95
+78.34%
-13.63
-12290.91%
-0.11
+96.71%
-3.34
Special Income Charges
-2.95
+78.34%
-13.63
-12290.91%
-0.11
+96.71%
-3.34
Impairment Of Capital Assets
1.64
-84.97%
10.89
0.00
0.00
Restructuring And Mergern Acquisition
1.31
-52.02%
2.74
+2391.82%
0.11
-96.71%
3.34
Net Income
-43.31
-210.44%
39.22
-53.31%
83.99
+198.04%
28.18
Pretax Income
8.86
-87.61%
71.54
+156.91%
27.84
-37.41%
44.48
Net Non Operating Interest Income Expense
-3.80
+41.24%
-6.46
-218.94%
-2.03
+59.78%
-5.04
Interest Expense Non Operating
3.80
-41.24%
6.46
+218.94%
2.03
-59.78%
5.04
Net Interest Income
-3.80
+41.24%
-6.46
-218.94%
-2.03
+59.78%
-5.04
Interest Expense
3.80
-41.24%
6.46
+218.94%
2.03
-59.78%
5.04
Other Income Expense
-4.37
+57.81%
-10.36
-3781.27%
-0.27
-140.15%
0.67
Other Non Operating Income Expenses
-1.42
-143.46%
3.27
+2180.89%
-0.16
-103.92%
4.01
Tax Provision
7.64
-63.28%
20.82
+134.41%
-60.49
-471.05%
16.30
Tax Rate For Calcs
0.00
-27.59%
0.00
+38.10%
0.00
-43.24%
0.00
Tax Effect Of Unusual Items
-0.62
+84.32%
-3.95
-17011.26%
-0.02
+98.13%
-1.24
Net Income Including Noncontrolling Interests
-43.31
-210.44%
39.22
-53.31%
83.99
+198.04%
28.18
Net Income From Continuing Operation Net Minority Interest
1.22
-97.60%
50.72
-42.59%
88.34
+213.46%
28.18
Net Income From Continuing And Discontinued Operation
-43.31
-210.44%
39.22
-53.31%
83.99
+198.04%
28.18
Net Income Continuous Operations
1.22
-97.60%
50.72
-42.59%
88.34
+213.46%
28.18
Net Income Discontinuous Operations
-44.53
-287.15%
-11.50
-164.76%
-4.34
—
Normalized Income
3.55
-94.13%
60.40
-31.70%
88.42
+191.96%
30.29
Net Income Common Stockholders
-43.31
-210.44%
39.22
-53.31%
83.99
+198.04%
28.18
Diluted EPS
-0.38
-215.15%
0.33
-54.17%
0.72
+188.00%
0.25
Basic EPS
-0.38
-211.76%
0.34
-54.67%
0.75
+177.78%
0.27
Basic Average Shares
113.66
-1.27%
115.12
+3.11%
111.65
+6.25%
105.08
Diluted Average Shares
114.18
-2.81%
117.48
+0.10%
117.36
+4.43%
112.38
Diluted NI Availto Com Stockholders
-43.31
-210.44%
39.22
-53.31%
83.99
+198.04%
28.18
Amortization
—
—
0.00
0.00
Amortization Of Intangibles Income Statement
—
—
0.00
0.00
Depreciation Amortization Depletion Income Statement
—
—
0.00
0.00
Depreciation And Amortization In Income Statement
—
—
0.00
0.00
Line Item Trend 2023-12-31
Total Assets
768.21
Current Assets
330.73
Cash Cash Equivalents And Short Term Investments
84.27
Cash And Cash Equivalents
84.27
Receivables
146.30
Accounts Receivable
141.53
Gross Accounts Receivable
144.73
Allowance For Doubtful Accounts Receivable
-3.20
Other Receivables
4.77
Inventory
83.98
Raw Materials
34.94
Work In Process
5.06
Finished Goods
43.99
Prepaid Assets
3.79
Restricted Cash
0.00
Assets Held For Sale Current
—
Other Current Assets
12.39
Total Non Current Assets
437.47
Net PPE
57.50
Gross PPE
167.87
Accumulated Depreciation
-110.37
Properties
0.00
Machinery Furniture Equipment
104.33
Construction In Progress
1.79
Other Properties
20.82
Leases
40.93
Goodwill And Other Intangible Assets
239.15
Goodwill
239.15
Non Current Deferred Assets
104.71
Non Current Deferred Taxes Assets
104.71
Other Non Current Assets
36.12
Total Liabilities Net Minority Interest
331.33
Current Liabilities
272.39
Payables And Accrued Expenses
42.97
Payables
42.97
Accounts Payable
38.56
Current Accrued Expenses
—
Pensionand Other Post Retirement Benefit Plans Current
22.78
Total Tax Payable
4.41
Income Tax Payable
4.41
Current Debt And Capital Lease Obligation
126.59
Current Debt
119.80
Other Current Borrowings
119.80
Current Capital Lease Obligation
6.79
Current Deferred Liabilities
46.22
Current Deferred Revenue
46.22
Other Current Liabilities
33.84
Total Non Current Liabilities Net Minority Interest
58.94
Long Term Debt And Capital Lease Obligation
29.46
Long Term Debt
10.49
Long Term Capital Lease Obligation
18.96
Other Non Current Liabilities
29.48
Stockholders Equity
436.87
Common Stock Equity
436.87
Capital Stock
0.11
Common Stock
0.11
Preferred Stock
0.00
Share Issued
112.41
Ordinary Shares Number
112.41
Treasury Shares Number
0.00
Additional Paid In Capital
2,405.04
Retained Earnings
-1,962.58
Gains Losses Not Affecting Retained Earnings
-5.71
Other Equity Adjustments
-5.71
Total Equity Gross Minority Interest
436.87
Total Capitalization
447.37
Working Capital
58.34
Invested Capital
567.17
Total Debt
156.05
Net Debt
46.02
Capital Lease Obligations
25.76
Net Tangible Assets
197.72
Tangible Book Value
197.72
Other Equity Interest
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
107.97
+74.37%
61.92
+777.14%
7.06
+28.91%
5.48
Cash Flow From Continuing Operating Activities
107.97
+74.37%
61.92
+777.14%
7.06
+28.91%
5.48
Net Income From Continuing Operations
-43.31
-210.44%
39.22
-53.31%
83.99
+198.04%
28.18
Depreciation Amortization Depletion
11.08
-8.71%
12.14
-0.95%
12.26
-0.04%
12.26
Depreciation
11.08
-8.71%
12.14
-0.95%
12.26
-0.04%
12.26
Amortization Cash Flow
—
—
0.00
0.00
Depreciation And Amortization
11.08
-8.71%
12.14
-0.95%
12.26
-0.04%
12.26
Amortization Of Intangibles
—
—
0.00
0.00
Other Non Cash Items
0.13
-77.68%
0.57
-70.36%
1.92
-43.83%
3.42
Stock Based Compensation
31.88
+13.57%
28.07
+2.72%
27.33
+8.40%
25.21
Provisionand Write Offof Assets
3.27
-70.19%
10.97
+48.34%
7.40
+23.51%
5.99
Asset Impairment Charge
59.16
+391.51%
12.04
0.00
0.00
Deferred Tax
8.48
+151.57%
-16.44
+82.30%
-92.86
-1997.34%
4.89
Deferred Income Tax
8.48
+151.57%
-16.44
+82.30%
-92.86
-1997.34%
4.89
Operating Gains Losses
0.85
+168.89%
0.32
-78.32%
1.45
+120.60%
-7.05
Gain Loss On Investment Securities
—
—
0.87
+119.91%
-4.37
Net Foreign Currency Exchange Gain Loss
0.85
+168.89%
0.32
-78.32%
1.45
+154.12%
-2.69
Change In Working Capital
36.43
+245.93%
-24.97
+27.49%
-34.43
+48.93%
-67.42
Change In Receivables
53.91
+240.97%
-38.24
-16.96%
-32.70
-54.35%
-21.18
Changes In Account Receivables
53.91
+240.97%
-38.24
-16.96%
-32.70
-54.35%
-21.18
Change In Inventory
-7.10
-184.82%
8.37
-76.35%
35.40
+165.04%
-54.43
Change In Prepaid Assets
3.30
+3.22%
3.20
-87.45%
25.48
—
Change In Payables And Accrued Expense
-5.96
-91.99%
-3.11
+89.42%
-29.36
-602.96%
5.84
Change In Payable
-5.96
-91.99%
-3.11
+89.42%
-29.36
-602.96%
5.84
Change In Account Payable
-5.96
-91.99%
-3.11
+89.42%
-29.36
-602.96%
5.84
Change In Other Working Capital
10.22
+562.44%
-2.21
+89.39%
-20.82
-897.82%
2.61
Change In Other Current Assets
—
3.20
-87.45%
25.48
+403.30%
-8.40
Change In Other Current Liabilities
-17.93
-355.46%
7.02
+156.41%
-12.44
-252.76%
8.14
Investing Cash Flow
-11.08
-20.62%
-9.19
-8.39%
-8.47
-558.00%
-1.29
Cash Flow From Continuing Investing Activities
-11.08
-20.62%
-9.19
-8.39%
-8.47
-558.00%
-1.29
Net PPE Purchase And Sale
-11.08
-20.62%
-9.19
-8.39%
-8.47
+8.38%
-9.25
Purchase Of PPE
-11.08
-20.62%
-9.19
-8.39%
-8.47
+8.38%
-9.25
Capital Expenditure
-11.08
-20.62%
-9.19
-8.39%
-8.47
+8.38%
-9.25
Net Investment Purchase And Sale
0.00
0.00
0.00
-100.00%
7.96
Purchase Of Investment
0.00
0.00
+100.00%
-6.30
0.00
Sale Of Investment
0.00
0.00
-100.00%
6.30
-20.81%
7.96
Financing Cash Flow
-81.39
-144.64%
-33.27
-566.71%
-4.99
+88.43%
-43.13
Cash Flow From Continuing Financing Activities
-81.39
-144.64%
-33.27
-566.71%
-4.99
+88.43%
-43.13
Net Issuance Payments Of Debt
-3.98
-98.65%
-2.00
-94.56%
-1.03
+97.34%
-38.79
Issuance Of Debt
138.84
+16.72%
118.94
+3001.51%
3.83
+9.60%
3.50
Repayment Of Debt
-142.82
-18.08%
-120.95
-2386.06%
-4.87
+88.50%
-42.29
Long Term Debt Issuance
138.84
+16.72%
118.94
+3001.51%
3.83
+9.60%
3.50
Long Term Debt Payments
-142.82
-2521.92%
-5.45
-11.96%
-4.87
-6.15%
-4.58
Net Long Term Debt Issuance
-3.98
-103.51%
113.50
+11119.03%
-1.03
+4.98%
-1.08
Short Term Debt Payments
0.00
+100.00%
-115.50
0.00
+100.00%
-37.71
Net Short Term Debt Issuance
0.00
+100.00%
-115.50
0.00
+100.00%
-37.71
Net Common Stock Issuance
-73.04
-211.90%
-23.42
-457.11%
6.56
+234.76%
1.96
Common Stock Payments
-79.03
-163.01%
-30.05
0.00
+100.00%
-5.13
Repurchase Of Capital Stock
-79.03
-163.01%
-30.05
0.00
+100.00%
-5.13
Net Other Financing Charges
-4.37
+44.37%
-7.85
+25.40%
-10.52
-66.93%
-6.30
Changes In Cash
15.50
-20.38%
19.46
+403.81%
-6.41
+83.55%
-38.95
Effect Of Exchange Rate Changes
7.18
+469.52%
-1.94
-278.33%
1.09
+122.22%
-4.90
Beginning Cash Position
101.79
+20.79%
84.27
-5.94%
89.59
-32.86%
133.43
End Cash Position
124.46
+22.27%
101.79
+20.79%
84.27
-5.94%
89.59
Free Cash Flow
96.89
+83.74%
52.73
+3823.94%
-1.42
+62.48%
-3.77
Interest Paid Supplemental Data
4.07
-35.19%
6.28
+286.41%
1.63
-57.17%
3.80
Income Tax Paid Supplemental Data
12.76
-53.27%
27.31
+50.64%
18.13
+100.62%
9.04
Common Stock Issuance
5.98
-9.73%
6.63
+1.07%
6.56
-7.53%
7.09
Issuance Of Capital Stock
5.98
-9.73%
6.63
+1.07%
6.56
-7.53%
7.09
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category