Harmonic (HLIT) Stock Price, News & Analysis

Company Overview

Harmonic Inc. (NASDAQ: HLIT) is a global provider of video delivery infrastructure for cable, satellite, IPTV and over-the-top (OTT) streaming service providers. The company’s solutions span the entire video delivery chain, from content ingest and encoding to distribution, delivery and monetization. Harmonic’s offerings are designed to help network operators and media companies deliver high-quality, low-latency video experiences across a variety of devices, including set-top boxes, connected TVs, smartphones and tablets.

Central to Harmonic’s product portfolio is its VOS® cloud media processing platform, which enables software-based encoding, origin, packaging and content protection in both public and private cloud environments. The company also markets the CableOS® converged edge platform, a virtualized solution that consolidates multiple headend functions—including video processing, edge QAM and IP video delivery—onto a single software-defined appliance. Other flagship products include the Electra® X and Electra® 8000 multi-screen encoding families, as well as the ProStream® and DiviTrack® transport stream processing series, which support video compression standards such as MPEG, HEVC and AV1.

Founded in 1988 and headquartered in San Jose, California, Harmonic has expanded its footprint through both organic innovation and strategic acquisitions. The company strengthened its cloud-native video processing capabilities with the 2016 acquisition of Thomson Video Networks and enhanced its customer support in Europe and Asia through additional regional offices. Today, Harmonic serves a diverse customer base that includes major cable operators, telecom carriers, satellite broadcasters and emerging streaming platforms across North America, Europe, Latin America, Asia-Pacific and the Middle East.

Under the leadership of President and Chief Executive Officer Patrick Harshman, Harmonic has focused on transitioning its business toward software and cloud-based solutions. Harshman, who joined the company in 2016, has steered Harmonic through a period of accelerated R&D investment in virtualization, AI-driven workflows and low-latency streaming technologies. Supported by a seasoned executive team, the company remains committed to driving innovation in video delivery while helping customers manage the evolving challenges of bandwidth optimization, content security and multi-platform distribution.

Key Stats

• Today's Range: $9.14 to $9.40
• 50-Day Range: $8.69 to $10.17
• 52-Week Range: $7.91 to $15.46
• Volume: 1.55 million shs
• Average Volume: 1.16 million shs
• Market Capitalization: $1.06 billion
• P/E Ratio: 20.76
• Dividend Yield: N/A
• Price Target: $12.33
• Consensus Rating: Hold

Harmonic Stock Analysis - MarketRank™

Harmonic scored higher than 89% of companies evaluated by MarketBeat, and ranked 92nd out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Harmonic has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 4 buy ratings, 1 hold rating, and 2 sell ratings.

Amount of Analyst Coverage

Harmonic has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 164.52%

Earnings Growth

Earnings for Harmonic are expected to grow by 164.52% in the coming year, from $0.31 to $0.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Harmonic is 20.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harmonic is 20.76, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 33.43.

Price to Book Value per Share Ratio

Harmonic has a P/B Ratio of 2.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.67% of the float of Harmonic has been sold short.

Short Interest Ratio / Days to Cover

Harmonic has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmonic has recently decreased by 14.42%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Harmonic does not currently pay a dividend.

Dividend Growth

Harmonic does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.67% of the float of Harmonic has been sold short.

Short Interest Ratio / Days to Cover

Harmonic has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmonic has recently decreased by 14.42%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.53

News Sentiment

Harmonic has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Harmonic this week, compared to 6 articles on an average week.

Search Interest

6 people have searched for HLIT on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

4 people have added Harmonic to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Harmonic insiders have bought more of their company's stock than they have sold. Specifically, they have bought $17,980.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.21% of the stock of Harmonic is held by insiders.

Percentage Held by Institutions

99.38% of the stock of Harmonic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HLIT Stock Analysis - Frequently Asked Questions

How have HLIT shares performed this year?

Harmonic's stock was trading at $13.23 on January 1st, 2025. Since then, HLIT shares have decreased by 29.4% and is now trading at $9.34.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) issued its quarterly earnings data on Monday, April, 28th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. Harmonic's revenue was up 9.1% compared to the same quarter last year.
Read the conference call transcript.

Is Harmonic doing a stock buyback?

Harmonic's Board of Directors initiated a stock buyback plan on Monday, February 10th 2025, which permits the company to repurchase $200,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 15.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.

Who are Harmonic's major shareholders?

Top institutional investors of Harmonic include Silverberg Bernstein Capital Management LLC (0.99%), Assenagon Asset Management S.A. (0.25%), State of Alaska Department of Revenue (0.06%) and Wealth Enhancement Advisory Services LLC (0.04%). Insiders that own company stock include Patrick Harshman, Nimrod Ben-Natan, David Krall, Neven Haltmayer, Sanjay Kalra, Ian Graham, Walter Jankovic and Daniel T Whalen.
View institutional ownership trends.

How do I buy shares of Harmonic?

Shares of HLIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Harmonic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harmonic investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Visa (V).

Company Calendar

• Last Earnings: 4/28/2025
• Today: 7/17/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communications Components
• Sub-Industry: Communications Equipment
• Current Symbol: NASDAQ:HLIT
• CIK: 851310
• Web: www.harmonicinc.com
• Phone: (408) 542-2500
• Fax: 408-542-2511
• Employees: 1,240
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Harmonic: $12.33
• High Price Target: $14.00
• Low Price Target: $10.00
• Potential Upside/Downside: +31.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.45
• Trailing P/E Ratio: 20.86
• Forward P/E Ratio: 30.27
• P/E Growth: N/A
• Net Income: $39.22 million
• Net Margins: 7.72%
• Pretax Margin: 11.16%
• Return on Equity: 18.28%
• Return on Assets: 10.41%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 2.06
• Quick Ratio: 1.69

Sales & Book Value

• Annual Sales: $689.80 million
• Price / Sales: 1.54
• Cash Flow: $0.73 per share
• Price / Cash Flow: 12.81
• Book Value: $3.99 per share
• Price / Book: 2.35

Miscellaneous

• Outstanding Shares: 113,097,000
• Free Float: 111,729,000
• Market Cap: $1.06 billion
• Optionable: Optionable
• Beta: 1.05