(HLIT) Harmonic - Ratings and Ratios

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

Broadcast,Video,Infrastructure,Servers,Storage

HLIT EPS (Earnings per Share)

EPS (Earnings per Share) of HLIT over the last years for every Quarter: "2020-03": -0.22970442061208, "2020-06": -0.15922131359393, "2020-09": -0.05515410555231, "2020-12": 0.13422584632561, "2021-03": -0.061320943645612, "2021-06": -0.019848248335276, "2021-09": 0.014376861709625, "2021-12": 0.17974365008961, "2022-03": -0.01470277131373, "2022-06": 0.13616677677457, "2022-09": 0.077218712726951, "2022-12": 0.052267244098516, "2023-03": 0.043249715518266, "2023-06": 0.013039285564547, "2023-09": -0.05797502476993, "2023-12": 0.72469768607757, "2024-03": -0.071998219848687, "2024-06": -0.10894549248022, "2024-09": 0.18505768673631, "2024-12": 0.32447523875998, "2025-03": 0.050760119978465, "2025-06": 0.02490976608593,

HLIT Revenue

Revenue of HLIT over the last years for every Quarter: 2020-03: 78.417, 2020-06: 73.994, 2020-09: 94.892, 2020-12: 131.528, 2021-03: 111.576, 2021-06: 113.448, 2021-09: 126.321, 2021-12: 155.804, 2022-03: 147.439, 2022-06: 157.446, 2022-09: 155.738, 2022-12: 164.334, 2023-03: 157.649, 2023-06: 155.963, 2023-09: 127.203, 2023-12: 167.092, 2024-03: 122.06, 2024-06: 138.74, 2024-09: 195.756, 2024-12: 222.166, 2025-03: 133.135, 2025-06: 138.027,

Description: HLIT Harmonic

Harmonic Inc, listed on NASDAQ under the ticker symbol HLIT, operates in the Communications Equipment sub-industry. The companys stock is a common stock originating from the United States.

To evaluate the investment potential of HLIT, we need to analyze its financial health and key performance indicators (KPIs). The market capitalization of Harmonic Inc stands at approximately $1.013 billion, indicating a mid-cap company. The Price-to-Earnings (P/E) ratio is 15.10, suggesting that the stock is reasonably valued relative to its earnings. However, the forward P/E ratio of 19.19 indicates expected growth in earnings. The Return on Equity (RoE) of 15.37% signifies that the company is generating substantial returns for its shareholders.

Key economic drivers for Harmonic Inc include the demand for communications equipment, driven by the ongoing deployment of 5G networks, increasing demand for bandwidth, and the need for efficient data transmission solutions. The companys performance is closely tied to the telecommunications industrys capital expenditure trends. Harmonics ability to innovate and adapt to emerging technologies will be crucial in maintaining its competitive edge.

To further assess HLITs investment potential, its essential to examine its income statement, particularly the yearly Income Tax Expense, to understand the companys tax obligations and their impact on net income. A thorough analysis of the companys cash flow statements and balance sheet will provide insights into its liquidity, debt management, and overall financial stability.

From a trading perspective, Harmonic Incs stock price movements and volatility should be analyzed in the context of the broader market and industry trends. The stocks beta of 0.999 indicates that it is closely correlated with the overall market, suggesting that its price movements are likely to mirror those of the broader market.

HLIT Stock Overview

Market Cap in USD 1,132m
Sub-Industry Communications Equipment
IPO / Inception 1995-05-22

HLIT Stock Ratings

Growth Rating -32.6%
Fundamental 72.1%
Dividend Rating -
Return 12m vs S&P 500 -37.7%
Analyst Rating 4.0 of 5

HLIT Dividends

Currently no dividends paid

HLIT Growth Ratios

Growth Correlation 3m 26.3%
Growth Correlation 12m -84.6%
Growth Correlation 5y 49.1%
CAGR 5y -5.92%
CAGR/Max DD 3y -0.11
CAGR/Mean DD 3y -0.18
Sharpe Ratio 12m 1.09
Alpha -43.82
Beta 0.737
Volatility 45.81%
Current Volume 704.2k
Average Volume 20d 971k
Stop Loss 9.5 (-4.1%)
Signal -0.60

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (68.6m TTM) > 0 and > 6% of Revenue (6% = 41.3m TTM)
FCFTA 0.15 (>2.0%) and ΔFCFTA 13.24pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 24.76% (prev 23.90%; Δ 0.87pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.16 (>3.0%) and CFO 129.2m > Net Income 68.6m (YES >=105%, WARN >=100%)
Net Debt (9.34m) to EBITDA (112.9m) ratio: 0.08 <= 3.0 (WARN <= 3.5)
Current Ratio 1.99 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (115.3m) change vs 12m ago 0.20% (target <= -2.0% for YES)
Gross Margin 55.40% (prev 48.76%; Δ 6.64pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 92.06% (prev 77.78%; Δ 14.28pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 12.82 (EBITDA TTM 112.9m / Interest Expense TTM 7.91m) >= 6 (WARN >= 3)

Altman Z'' -12.20

(A) 0.22 = (Total Current Assets 342.9m - Total Current Liabilities 172.2m) / Total Assets 783.3m
(B) -2.55 = Retained Earnings (Balance) -2.00b / Total Assets 783.3m
warn (B) unusual magnitude: -2.55 — check mapping/units
(C) 0.14 = EBIT TTM 101.3m / Avg Total Assets 748.5m
(D) -5.94 = Book Value of Equity -2.00b / Total Liabilities 336.9m
Total Rating: -12.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.07

1. Piotroski 8.0pt = 3.0
2. FCF Yield 10.27% = 5.0
3. FCF Margin 17.15% = 4.29
4. Debt/Equity 0.32 = 2.45
5. Debt/Ebitda 1.26 = 1.37
6. ROIC - WACC 4.09% = 5.12
7. RoE 15.37% = 1.28
8. Rev. Trend 1.88% = 0.09
9. Rev. CAGR -4.30% = -0.72
10. EPS Trend 7.67% = 0.19
11. EPS CAGR 0.0% = 0.0

What is the price of HLIT shares?

As of September 15, 2025, the stock is trading at USD 9.91 with a total of 704,226 shares traded.
Over the past week, the price has changed by -0.40%, over one month by +11.47%, over three months by +11.22% and over the past year by -26.32%.

Is Harmonic a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Harmonic (NASDAQ:HLIT) is currently (September 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 72.07 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HLIT is around 8.34 USD . This means that HLIT is currently overvalued and has a potential downside of -15.84%.

Is HLIT a buy, sell or hold?

Harmonic has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HLIT.
  • Strong Buy: 2
  • Buy: 2
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the HLIT price?

Issuer Target Up/Down from current
Wallstreet Target Price 10.1 1.6%
Analysts Target Price 10.1 1.6%
ValueRay Target Price 9.2 -6.8%

Last update: 2025-09-09 04:38

HLIT Fundamental Data Overview

Market Cap USD = 1.13b (1.13b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 123.9m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 16.8644
P/E Forward = 19.1939
P/S = 1.6426
P/B = 2.5586
P/EG = -0.21
Beta = 1.013
Revenue TTM = 689.1m USD
EBIT TTM = 101.3m USD
EBITDA TTM = 112.9m USD
Long Term Debt = 122.8m USD (from longTermDebt, last quarter)
Short Term Debt = 19.8m USD (from shortTermDebt, last quarter)
Debt = 142.6m USD (Calculated: Short Term 19.8m + Long Term 122.8m)
Net Debt = 9.34m USD (from netDebt column, last quarter)
Enterprise Value = 1.15b USD (1.13b + Debt 142.6m - CCE 123.9m)
Interest Coverage Ratio = 12.82 (Ebit TTM 101.3m / Interest Expense TTM 7.91m)
FCF Yield = 10.27% (FCF TTM 118.2m / Enterprise Value 1.15b)
FCF Margin = 17.15% (FCF TTM 118.2m / Revenue TTM 689.1m)
Net Margin = 9.96% (Net Income TTM 68.6m / Revenue TTM 689.1m)
Gross Margin = 55.40% ((Revenue TTM 689.1m - Cost of Revenue TTM 307.3m) / Revenue TTM)
Tobins Q-Ratio = -0.57 (set to none) (Enterprise Value 1.15b / Book Value Of Equity -2.00b)
Interest Expense / Debt = 0.88% (Interest Expense 1.25m / Debt 142.6m)
Taxrate = 32.31% (18.7m / 57.9m)
NOPAT = 68.6m (EBIT 101.3m * (1 - 32.31%))
Current Ratio = 1.99 (Total Current Assets 342.9m / Total Current Liabilities 172.2m)
Debt / Equity = 0.32 (Debt 142.6m / last Quarter total Stockholder Equity 446.4m)
Debt / EBITDA = 1.26 (Net Debt 9.34m / EBITDA 112.9m)
Debt / FCF = 1.21 (Debt 142.6m / FCF TTM 118.2m)
Total Stockholder Equity = 446.7m (last 4 quarters mean)
RoA = 8.76% (Net Income 68.6m, Total Assets 783.3m )
RoE = 15.37% (Net Income TTM 68.6m / Total Stockholder Equity 446.7m)
RoCE = 17.79% (Ebit 101.3m / (Equity 446.7m + L.T.Debt 122.8m))
RoIC = 11.91% (NOPAT 68.6m / Invested Capital 575.8m)
WACC = 7.82% (E(1.13b)/V(1.27b) * Re(8.73%)) + (D(142.6m)/V(1.27b) * Rd(0.88%) * (1-Tc(0.32)))
Shares Correlation 3-Years: 3.03 | Cagr: 0.16%
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 67.41% ; FCFE base≈76.2m ; Y1≈50.0m ; Y5≈22.9m
Fair Price DCF = 3.53 (DCF Value 401.2m / Shares Outstanding 113.8m; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 1.88 | Revenue CAGR: -4.30%
Rev Growth-of-Growth: 18.48
EPS Correlation: 7.67 | EPS CAGR: 0.0%
EPS Growth-of-Growth: 176.5

Additional Sources for HLIT Stock

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