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Upturn AI Summary - About
Harmonic Inc(HLIT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HLIT
10/23/2026: HLIT (1-star) is currently NOT-A-BUY. Pass it for now.
Harmonic Inc is a communications equipment provider known for its virtualized broadband and cloud-based video software solutions. The company has a leading position in the industry's transition to software-defined networks, which has historically improved its margins and revenue stability. Its primary growth opportunity lies in the global expansion of high-bandwidth broadband and streaming services. However, investors should monitor significant customer concentration risk and intense competition from larger infrastructure vendors. While the company's shift toward a software-centric model is a clear strength, the stock remains subject to the capital expenditure cycles of its major service provider customers.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The shift toward software-based video and broadband provides a scalable growth narrative. |
| Momentum investor | Strong fit while signal remains positive | Momentum investors may favor the stock during periods of strong customer adoption of CableOS. |
| Value investor | Mixed fit | Valuation is often tied to growth potential rather than deep value metrics. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | The technology sector and specific customer concentration result in moderate to high volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Technology stocks in the communications space often experience sharp price movements based on earnings results. |
| Valuation risk | Medium | Investors pay a premium for high-growth SaaS potential, which can adjust quickly if growth slows. |
| Competition risk (Infrastructure providers) | High | Large competitors like Cisco have deep resources to defend market share in broadband access. |
| Business quality | Medium / high | The transition to high-margin recurring revenue models is a significant quality improvement. |
| Dividend income | Low / none | There is no dividend income available to offset market volatility. |
| Execution risk | Medium | Success depends on the continued, error-free deployment of software across complex provider networks. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -25% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.10B USD | Price to earnings Ratio 38.81 | 1Y Target Price 16.14 |
Price to earnings Ratio 38.81 | 1Y Target Price 16.14 | ||
Volume (30-day avg) 1.6M shares | Beta 1.33 | 52 Weeks Range 8.47 - 17.68 | Updated Date 10/22/2026 |
52 Weeks Range 8.47 - 17.68 | Updated Date 10/22/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.26 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Broadband (CableOS) | Virtualized cable access solutions, software, and services for broadband operators. | This is the core software engine currently driving growth by helping cable companies upgrade their networks. |
| Video | Video processing, streaming software (VOS), and managed services. | This segment powers the infrastructure behind major streaming services and broadcast video. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 38.81 | Forward PE 18.83 | Enterprise Value 1.10B | Price to Sales(TTM) 2.48 |
Enterprise Value 1.10B | Price to Sales(TTM) 2.48 | ||
Enterprise Value to Revenue 2.47 | Enterprise Value to EBITDA 10.68 | Shares Outstanding 109.07M | Shares Floating 107.01M |
Shares Outstanding 109.07M | Shares Floating 107.01M | ||
Percent Insiders 1.84 | Percent Institutions 86.38 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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