Harmonic (HLIT) Stock Price, News & Analysis

Company Overview

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services. Its solutions support high-density video encoding, multi‐screen adaptive bitrate streaming and server‐based ad insertion, helping customers monetize linear and on‐demand content with minimal latency and high reliability.

Since its founding in 1988 and IPO in 2000, Harmonic has expanded its global footprint through strategic acquisitions and research and development initiatives. Key milestones include the acquisition of Omneon in 2010 to broaden its media server offerings and the integration of video networking technologies to address evolving IP and cloud deployment requirements. The company maintains headquarters in San Jose, California, with additional engineering, sales and support centers across North America, Europe and Asia.

Under the leadership of President and Chief Executive Officer Patrick Harshman, Harmonic continues to invest in next‐generation video processing and delivery technologies. Its solutions are deployed by major cable operators, satellite distributors, telecommunications companies and over‐the‐top platforms seeking scalable, end‐to‐end video workflows for live sports, entertainment and enterprise applications worldwide.

Key Stats

• Today's Range: $9.47 to $9.73
• 50-Day Range: $8.35 to $10.17
• 52-Week Range: $7.80 to $15.46
• Volume: 497,174 shs
• Average Volume: 1.17 million shs
• Market Capitalization: $1.10 billion
• P/E Ratio: 16.46
• Dividend Yield: N/A
• Price Target: $11.67
• Consensus Rating: Hold

Harmonic Stock Analysis - MarketRank™

Harmonic scored higher than 72% of companies evaluated by MarketBeat, and ranked 275th out of 650 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Harmonic has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.

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 16.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 269.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harmonic is 16.20, 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 415.70.

Price to Book Value per Share Ratio

Harmonic has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.33% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmonic has recently increased by 7.05%, indicating that investor sentiment is decreasing 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

2.33% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmonic has recently increased by 7.05%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.20

News Sentiment

Harmonic has a news sentiment score of 1.20. 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 higher news sentiment than the 0.88 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Harmonic this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for HLIT on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

MarketBeat Follows

3 people have added Harmonic to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 $16,500.00 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 at the beginning of 2025. Since then, HLIT stock has decreased by 27.9% and is now trading at $9.5390.

How were Harmonic's earnings last quarter?

Harmonic Inc. (NASDAQ:HLIT) released its earnings results on Monday, July, 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The company's revenue for the quarter was down .5% 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 program on Monday, February 10th 2025, which permits the company to repurchase $200,000,000 in shares, according to EventVestor. This means that the company could purchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Who are Harmonic's major shareholders?

Harmonic's top institutional investors include Invesco Ltd. (3.91%), Trigran Investments Inc. (3.16%), Scopia Capital Management LP (2.67%) and Geode Capital Management LLC (2.44%). Insiders that own company stock include Patrick Harshman, Nimrod Ben-Natan, David Krall, Neven Haltmayer, 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: 7/28/2025
• Today: 9/03/2025
• Next Earnings (Estimated): 10/27/2025
• 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: 1988

Price Target and Rating

• Average Price Target for Harmonic: $11.67
• High Price Target: $14.00
• Low Price Target: $8.00
• Potential Upside/Downside: +21.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.59
• Trailing P/E Ratio: 16.27
• Forward P/E Ratio: 30.97
• P/E Growth: N/A
• Net Income: $39.22 million
• Net Margins: 9.96%
• Pretax Margin: 13.98%
• Return on Equity: 17.83%
• Return on Assets: 10.23%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 1.99
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $678.72 million
• Price / Sales: 1.61
• Cash Flow: $0.70 per share
• Price / Cash Flow: 13.67
• Book Value: $3.92 per share
• Price / Book: 2.45

Miscellaneous

• Outstanding Shares: 113,760,000
• Free Float: 112,384,000
• Market Cap: $1.09 billion
• Optionable: Optionable
• Beta: 1.01