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HLIT 
Harmonic Inc (HLIT)
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Upturn Advisory Summary
11/04/2025: HLIT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $11.21
1 Year Target Price $11.21
| 2 | Strong Buy |
| 2 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -33.07% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.19B USD | Price to earnings Ratio 17.68 | 1Y Target Price 11.21 |
Price to earnings Ratio 17.68 | 1Y Target Price 11.21 | ||
Volume (30-day avg) 6 | Beta 1.01 | 52 Weeks Range 7.80 - 13.75 | Updated Date 11/4/2025 |
52 Weeks Range 7.80 - 13.75 | Updated Date 11/4/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.59 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-10-27 | When After Market | Estimate 0.05 | Actual 0.12 |
Profitability
Profit Margin 9.96% | Operating Margin (TTM) 4.46% |
Management Effectiveness
Return on Assets (TTM) 9.27% | Return on Equity (TTM) 16.36% |
Valuation
Trailing PE 17.68 | Forward PE 19.19 | Enterprise Value 1232889954 | Price to Sales(TTM) 1.72 |
Enterprise Value 1232889954 | Price to Sales(TTM) 1.72 | ||
Enterprise Value to Revenue 1.79 | Enterprise Value to EBITDA 10.68 | Shares Outstanding 112215000 | Shares Floating 112177129 |
Shares Outstanding 112215000 | Shares Floating 112177129 | ||
Percent Insiders 2.43 | Percent Institutions 92.8 |
Upturn AI SWOT
Harmonic Inc
Company Overview
History and Background
Harmonic Inc. was founded in 1988. It initially focused on cable television technology and has evolved into a provider of video delivery infrastructure solutions.
Core Business Areas
- Video SaaS: Cloud-native media processing and delivery solutions. Provides services for live streaming, video-on-demand, and broadcast applications.
- Cable Access: Solutions for broadband access, including cable modems, DOCSIS technologies, and related hardware.
Leadership and Structure
Patrick Harshman is the CEO. The company operates with a functional organizational structure, with departments for engineering, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- VOSu00ae360 Video SaaS Platform: Cloud-native platform for media processing and delivery. It offers live streaming, VOD and broadcast capabilities. Harmonic claims market leadership in cloud video SaaS, though specific market share is difficult to pinpoint. Competitors include AWS Elemental, MediaKind, and Imagine Communications.
- CableOSu00ae Centralized Core: A software-based Cable Modem Termination System (CCAP) that virtualizes the cable access infrastructure. Harmonic is a significant player in the virtualized CCAP market. Competitors include CommScope, Casa Systems, and Vecima Networks.
Market Dynamics
Industry Overview
The video delivery infrastructure industry is undergoing a transition towards cloud-based solutions and virtualized architectures. The demand for high-quality video streaming is driving growth.
Positioning
Harmonic is positioned as a leader in cloud-native video delivery and virtualized cable access solutions. Its competitive advantages include its software-centric approach and expertise in video processing.
Total Addressable Market (TAM)
The global video streaming market is estimated to reach hundreds of billions of USD in the coming years. Harmonic is positioned to capture a significant portion of this market with its cloud solutions. The broadband access equipment market is also substantial, reaching billions of USD annually.
Upturn SWOT Analysis
Strengths
- Strong expertise in video processing and delivery
- Leading position in cloud-native video solutions
- Software-centric approach
- Strong customer relationships
- Innovative technology
Weaknesses
- Reliance on a few key customers
- Smaller scale compared to larger competitors
- Susceptible to industry cyclicality
- Competition in Cable Access from well established players.
Opportunities
- Growing demand for cloud-based video solutions
- Expansion into new geographic markets
- Adoption of new video technologies (e.g., 8K)
- Increasing bandwidth demand
Threats
- Intense competition
- Rapid technological changes
- Economic downturns
- Consolidation in the media industry
Competitors and Market Share
Key Competitors
- AMZN
- ERIC
- CCAP
Competitive Landscape
Harmonic's advantages include its software-centric approach and expertise in video processing. Disadvantages include its smaller scale compared to larger competitors and the reliance on a few key customers.
Major Acquisitions
Thomson Video Networks
- Year: 2016
- Acquisition Price (USD millions): 75
- Strategic Rationale: Expanded Harmonic's video compression and processing capabilities.
Growth Trajectory and Initiatives
Historical Growth: Harmonic's historical growth has been driven by the adoption of new video technologies and the transition to cloud-based solutions.
Future Projections: Analyst estimates suggest continued growth for Harmonic, driven by the demand for cloud video and broadband access solutions. Revenue growth should be based on data from Yahoo Finance or from financial news providers.
Recent Initiatives: Recent initiatives include the launch of new cloud-native video solutions and expansion of its cable access portfolio.
Summary
Harmonic Inc. is a key player in video delivery and cable access, particularly in cloud-native and virtualized solutions. Its strengths lie in its innovative technology and strong customer relationships. However, its smaller size and reliance on key customers pose challenges. Expanding the product base and keeping up with the rapid tech changes could benefit the company.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Harmonic Inc. Investor Relations
- Yahoo Finance
- Industry Reports
- Company Filings
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance may change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Harmonic Inc
Exchange NASDAQ | Headquaters San Jose, CA, United States | ||
IPO Launch date 1995-05-22 | President, CEO & Director Mr. Nimrod Ben-Natan | ||
Sector Technology | Industry Communication Equipment | Full time employees 895 | Website https://www.harmonicinc.com |
Full time employees 895 | Website https://www.harmonicinc.com | ||
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.
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