(HLIT) Harmonic - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US4131601027

Stock:

Total Rating 25

Risk 33

Buy Signal -0.36

Communication Equipment +7.8
Communications Equipment +10.5

Market Cap: 1,176m
Avg Trading Vol: 9.31M USD

ATR: 4.61%
Peers RS (IBD): 24.24

Risk 5d forecast
Volatility	43.9%
Relative Tail Risk	-15.3%

Reward TTM
Sharpe Ratio	0.18
Alpha	-15.83

Character TTM
Beta	1.303
Beta Downside	1.750

Drawdowns 3y
Max DD	55.14%
CAGR/Max DD	-0.11

EPS (Earnings per Share)

EPS CAGR: 16.09%
EPS Trend: 15.5%

Last SUE: 0.88
Qual. Beats: 6

Revenue

Rev. CAGR: -10.26%
Rev. Trend: -28.1%

Last SUE: -4.00
Qual. Beats: 0

Description: HLIT Harmonic

Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment offers software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company 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. The company was incorporated in 1988 and is headquartered in San Jose, California.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income: -43.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.13 > 0.02 and ΔFCF/TA 6.87 > 1.0
NWC/Revenue: 57.92% < 20% (prev 29.25%; Δ 28.67% < -1%)
CFO/TA 0.15 > 3% & CFO 108.0m > Net Income -43.3m
Net Debt (23.7m) to EBITDA (38.3m): 0.62 < 3
Current Ratio: 2.50 > 1.5 & < 3
Outstanding Shares: last quarter (113.0m) vs 12m ago -4.00% < -2%
Gross Margin: 53.87% > 18% (prev 0.54%; Δ 5333 % > 0.5%)
Asset Turnover: 67.56% > 50% (prev 85.21%; Δ -17.65% > 0%)
Interest Coverage Ratio: 6.85 > 6 (EBITDA TTM 38.3m / Interest Expense TTM 4.02m)

Altman Z'' -12.99

A: 0.41 (Total Current Assets 494.4m - Total Current Liabilities 197.9m) / Total Assets 718.5m
B: -2.89 (Retained Earnings -2.08b / Total Assets 718.5m)
C: 0.04 (EBIT TTM 27.6m / Avg Total Assets 757.5m)
D: -6.21 (Book Value of Equity -2.08b / Total Liabilities 335.2m)
Altman-Z'' Score: -12.99 = D

Beneish M -4.00

DSRI: 0.63 (Receivables 85.9m/182.3m, Revenue 511.8m/678.7m)
GMI: 1.00 (GM 53.87% / 53.91%)
AQI: 0.52 (AQ_t 0.26 / AQ_t-1 0.49)
SGI: 0.75 (Revenue 511.8m / 678.7m)
TATA: -0.21 (NI -43.3m - CFO 108.0m) / TA 718.5m)
Beneish M-Score: -4.01 (Cap -4..+1) = AAA

What is the price of HLIT shares?

As of March 01, 2026, the stock is trading at USD 10.63 with a total of 1,734,137 shares traded.
Over the past week, the price has changed by -2.48%, over one month by +3.71%, over three months by +11.19% and over the past year by +3.81%.

Is HLIT a buy, sell or hold?

Harmonic has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HLIT.

StrongBuy: 2
Buy: 2
Hold: 2
Sell: 0
StrongSell: 0

What are the forecasts/targets for the HLIT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	12.7	19.6%
Analysts Target Price	12.7	19.6%

HLIT Fundamental Data Overview February 27, 2026

P/E Trailing = 24.6191
P/E Forward = 19.1939
P/S = 3.2627
P/B = 2.7013
P/EG = -0.21
Revenue TTM = 511.8m USD
EBIT TTM = 27.6m USD
EBITDA TTM = 38.3m USD
Long Term Debt = 117.9m USD (from longTermDebt, two quarters ago)
Short Term Debt = 9.38m USD (from shortTermDebt, last quarter)
Debt = 147.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 23.7m USD (from netDebt column, last quarter)
Enterprise Value = 1.20b USD (1.18b + Debt 147.8m - CCE 124.1m)
Interest Coverage Ratio = 6.85 (Ebit TTM 27.6m / Interest Expense TTM 4.02m)
EV/FCF = 12.39x (Enterprise Value 1.20b / FCF TTM 96.9m)
FCF Yield = 8.07% (FCF TTM 96.9m / Enterprise Value 1.20b)
FCF Margin = 18.93% (FCF TTM 96.9m / Revenue TTM 511.8m)
Net Margin = -8.46% (Net Income TTM -43.3m / Revenue TTM 511.8m)
Gross Margin = 53.87% ((Revenue TTM 511.8m - Cost of Revenue TTM 236.1m) / Revenue TTM)
Gross Margin QoQ = 47.01% (prev 54.17%)
Tobins Q-Ratio = 1.67 (Enterprise Value 1.20b / Total Assets 718.5m)
Interest Expense / Debt = 0.08% (Interest Expense 112.0k / Debt 147.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = 21.8m (EBIT 27.6m * (1 - 21.00%))
Current Ratio = 2.50 (Total Current Assets 494.4m / Total Current Liabilities 197.9m)
Debt / Equity = 0.39 (Debt 147.8m / totalStockholderEquity, last quarter 383.2m)
Debt / EBITDA = 0.62 (Net Debt 23.7m / EBITDA 38.3m)
Debt / FCF = 0.25 (Net Debt 23.7m / FCF TTM 96.9m)
Total Stockholder Equity = 429.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.72% (Net Income -43.3m / Total Assets 718.5m)
RoE = -10.08% (Net Income TTM -43.3m / Total Stockholder Equity 429.7m)
RoCE = 5.03% (EBIT 27.6m / Capital Employed (Equity 429.7m + L.T.Debt 117.9m))
RoIC = 3.79% (NOPAT 21.8m / Invested Capital 573.7m)
WACC = 9.53% (E(1.18b)/V(1.32b) * Re(10.72%) + D(147.8m)/V(1.32b) * Rd(0.08%) * (1-Tc(0.21)))
Discount Rate = 10.72% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.17%
[DCF] Terminal Value 67.50% ; FCFF base≈79.2m ; Y1≈61.0m ; Y5≈38.4m
[DCF] Fair Price = 4.78 (EV 559.7m - Net Debt 23.7m = Equity 535.9m / Shares 112.2m; r=9.53% [WACC]; 5y FCF grow -27.28% → 2.90% )
EPS Correlation: 15.46 | EPS CAGR: 16.09% | SUE: 0.88 | # QB: 6
Revenue Correlation: -28.05 | Revenue CAGR: -10.26% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.12 | Chg7d=+0.009 | Chg30d=+0.009 | Revisions Net=+4 | Analysts=6
EPS current Year (2026-12-31): EPS=0.56 | Chg7d=-0.167 | Chg30d=-0.167 | Revisions Net=-4 | Growth EPS=+19.9% | Growth Revenue=+29.2%
EPS next Year (2027-12-31): EPS=0.73 | Chg7d=-0.104 | Chg30d=-0.104 | Revisions Net=-1 | Growth EPS=+28.9% | Growth Revenue=+14.0%
[Analyst] Revisions Ratio: +0.67 (5 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.7% (Discount Rate 10.7% - Earnings Yield 4.1%)
[Growth] Growth Spread = -30.0% (Analyst -23.3% - Implied 6.7%)

Additional Sources for HLIT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle