(HLIT) Harmonic - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US4131601027
Stock: Broadband Access, Video Processing, Streaming Services
Total Rating 19
Risk 31
Buy Signal -0.93
| Risk 5d forecast | |
|---|---|
| Volatility | 44.8% |
| Relative Tail Risk | -14.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.18 |
| Alpha | -34.30 |
| Character TTM | |
|---|---|
| Beta | 1.335 |
| Beta Downside | 1.493 |
| Drawdowns 3y | |
|---|---|
| Max DD | 55.14% |
| CAGR/Max DD | -0.17 |
EPS (Earnings per Share)
Revenue
Risks
Fundamental:
P/E ratio: 938.0001
Description: HLIT Harmonic March 04, 2026
Harmonic Inc. provides broadband access and video solutions globally. The company operates in two segments: Broadband and Video.
The Broadband segment offers software-based broadband access solutions and cloud services to broadband operators. This segment addresses the growing demand for high-speed internet infrastructure.
The Video segment provides video processing, production, and playout solutions and services. Customers include cable operators, satellite and telco Pay-TV providers, and streaming media companies. The companys VOS360 SaaS platform delivers streaming and channel origination services, a common model in the media industry for content delivery.
Harmonic also offers technical support and professional services, including consulting, implementation, and training. Sales channels include direct sales, resellers, and systems integrators.
Further analysis of HLITs financial performance and market position can be found on ValueRay.
Headlines to watch out for
- Broadband access solution sales drive revenue growth
- Cloud-native software adoption impacts recurring revenue
- Hardware product demand fluctuates with infrastructure upgrades
- Global broadband operator spending influences sales volume
- Supply chain disruptions affect production and delivery costs
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 5.33k% > 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 15, 2026, the stock is trading at USD 9.34 with a total of 602,336 shares traded.
Over the past week, the price has changed by -0.75%, over one month by -12.83%, over three months by -10.99% and over the past year by -9.61%.
Over the past week, the price has changed by -0.75%, over one month by -12.83%, over three months by -10.99% and over the past year by -9.61%.
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 | 36.1% |
| Analysts Target Price | 12.7 | 36.1% |
HLIT Fundamental Data Overview March 15, 2026
P/E Trailing = 938.0001
P/E Forward = 18.8324
P/S = 2.9201
P/B = 2.7011
P/EG = 1.8405
Revenue TTM = 511.8m USD
EBIT TTM = 27.6m USD
EBITDA TTM = 38.3m USD
Long Term Debt = 109.1m USD (from longTermDebt, last quarter)
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 = 1.08b USD (1.05b + Debt 147.8m - CCE 124.1m)
Interest Coverage Ratio = 6.85 (Ebit TTM 27.6m / Interest Expense TTM 4.02m)
EV/FCF = 11.11x (Enterprise Value 1.08b / FCF TTM 96.9m)
FCF Yield = 9.00% (FCF TTM 96.9m / Enterprise Value 1.08b)
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 = 1.50 (Enterprise Value 1.08b / Total Assets 718.5m)
Interest Expense / Debt = 0.08% (Interest Expense 112k / 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 = 5.11% (EBIT 27.6m / Capital Employed (Equity 429.7m + L.T.Debt 109.1m))
RoIC = 3.93% (NOPAT 21.8m / Invested Capital 554.1m)
WACC = 9.50% (E(1.05b)/V(1.20b) * Re(10.83%) + D(147.8m)/V(1.20b) * Rd(0.08%) * (1-Tc(0.21)))
Discount Rate = 10.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.17%
[DCF] Terminal Value 67.60% ; FCFF base≈79.2m ; Y1≈61.0m ; Y5≈38.4m
[DCF] Fair Price = 4.88 (EV 561.7m - Net Debt 23.7m = Equity 538.0m / Shares 110.2m; r=9.50% [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 (2026-06-30): EPS=0.07 | Chg7d=-0.027 | Chg30d=-0.027 | Revisions Net=-2 | Analysts=3
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: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 10.7% (Discount Rate 10.8% - Earnings Yield 0.1%)
[Growth] Growth Spread = -29.4% (Analyst -18.6% - Implied 10.7%)
P/E Forward = 18.8324
P/S = 2.9201
P/B = 2.7011
P/EG = 1.8405
Revenue TTM = 511.8m USD
EBIT TTM = 27.6m USD
EBITDA TTM = 38.3m USD
Long Term Debt = 109.1m USD (from longTermDebt, last quarter)
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 = 1.08b USD (1.05b + Debt 147.8m - CCE 124.1m)
Interest Coverage Ratio = 6.85 (Ebit TTM 27.6m / Interest Expense TTM 4.02m)
EV/FCF = 11.11x (Enterprise Value 1.08b / FCF TTM 96.9m)
FCF Yield = 9.00% (FCF TTM 96.9m / Enterprise Value 1.08b)
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 = 1.50 (Enterprise Value 1.08b / Total Assets 718.5m)
Interest Expense / Debt = 0.08% (Interest Expense 112k / 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 = 5.11% (EBIT 27.6m / Capital Employed (Equity 429.7m + L.T.Debt 109.1m))
RoIC = 3.93% (NOPAT 21.8m / Invested Capital 554.1m)
WACC = 9.50% (E(1.05b)/V(1.20b) * Re(10.83%) + D(147.8m)/V(1.20b) * Rd(0.08%) * (1-Tc(0.21)))
Discount Rate = 10.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.17%
[DCF] Terminal Value 67.60% ; FCFF base≈79.2m ; Y1≈61.0m ; Y5≈38.4m
[DCF] Fair Price = 4.88 (EV 561.7m - Net Debt 23.7m = Equity 538.0m / Shares 110.2m; r=9.50% [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 (2026-06-30): EPS=0.07 | Chg7d=-0.027 | Chg30d=-0.027 | Revisions Net=-2 | Analysts=3
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: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 10.7% (Discount Rate 10.8% - Earnings Yield 0.1%)
[Growth] Growth Spread = -29.4% (Analyst -18.6% - Implied 10.7%)