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HLIT logo HLIT
Upturn stock ratingUpturn stock rating
HLIT logo

Harmonic Inc (HLIT)

Upturn stock ratingUpturn stock rating
$9.72
Last Close (24-hour delay)
Profit since last BUY0%
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Upturn Advisory Summary

08/28/2025: HLIT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

6 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $10.07

1 Year Target Price $10.07

Analysts Price Target For last 52 week
$10.07 Target price
52w Low $7.8
Current$9.72
52w High $15.46

Analysis of Past Performance

Type Stock
Historic Profit -37.62%
Avg. Invested days 25
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.11B USD
Price to earnings Ratio 16.31
1Y Target Price 10.07
Price to earnings Ratio 16.31
1Y Target Price 10.07
Volume (30-day avg) 6
Beta 1
52 Weeks Range 7.80 - 15.46
Updated Date 08/29/2025
52 Weeks Range 7.80 - 15.46
Updated Date 08/29/2025
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 -
When -
Estimate -
Actual -

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 16.31
Forward PE 19.19
Enterprise Value 1132781573
Price to Sales(TTM) 1.6
Enterprise Value 1132781573
Price to Sales(TTM) 1.6
Enterprise Value to Revenue 1.64
Enterprise Value to EBITDA 9.81
Shares Outstanding 113760000
Shares Floating 112199881
Shares Outstanding 113760000
Shares Floating 112199881
Percent Insiders 2.4
Percent Institutions 91.72

ai summary icon Upturn AI SWOT

Harmonic Inc

stock logo

Company Overview

overview logo History and Background

Harmonic Inc. was founded in 1988. It initially focused on cable access solutions and has since evolved to become a global leader in video delivery infrastructure solutions, enabling media companies and service providers to deliver high-quality video to consumers.

business area logo Core Business Areas

  • Video Software Solutions: Encompasses cloud-native, software-based solutions for media processing, encoding, transcoding, packaging, and distribution of video content. Includes VOS360 cloud platform.
  • Cable Access Solutions: Offers cable access solutions, including CableOS virtualized core system, DOCSIS 3.1 and DOCSIS 4.0 technologies, and fiber access products, enabling cable operators to deliver broadband services.

leadership logo Leadership and Structure

Patrick Harshman serves as the President and CEO. The organizational structure is based on functional departments such as sales, marketing, engineering, and operations, reporting to the executive team.

Top Products and Market Share

overview logo Key Offerings

  • CableOS Virtualized Core System: A software-based Cable Modem Termination System (CMTS) that enables cable operators to deliver high-speed broadband services. Harmonic claims significant market share gains in the virtualized CMTS space, competing with CommScope and Vecima Networks. Estimated revenue unavailable.
  • VOS360 Cloud Platform: A cloud-native video SaaS platform for media processing and delivery, offering scalability and flexibility. Competitors include AWS Elemental MediaLive and MediaConvert, and encoding providers like MainConcept and Beamr. Estimated market share unavailable, but competes in the growing cloud video processing market.
  • Electra Encoding Family: Provides encoding solutions for various video formats and resolutions. Competitors include Ateme, MediaKind, and Appear TV. Specific revenue figures are unavailable, but they are crucial for OTT and broadcast workflows.

Market Dynamics

industry overview logo Industry Overview

The video delivery infrastructure market is undergoing significant transformation, driven by the increasing demand for streaming video, the adoption of cloud technologies, and the need for greater bandwidth. The cable access market is evolving with DOCSIS 4.0 technology and fiber deployments.

Positioning

Harmonic is positioned as a technology leader in both video software and cable access solutions, offering innovative products and services that enable media companies and service providers to deliver high-quality video and broadband services more efficiently. Harmonic has a reputation for innovative products.

Total Addressable Market (TAM)

The combined TAM for video infrastructure and cable access is estimated to be in the billions of dollars. Harmonic's position allows it to address a significant portion of this TAM, particularly in the cloud-based video processing and virtualized CMTS segments.

Upturn SWOT Analysis

Strengths

  • Strong technology leadership
  • Innovative product portfolio
  • Established customer base
  • Growing presence in cloud-based solutions
  • Experienced management team

Weaknesses

  • Reliance on major telecommunications companies
  • Intense competition
  • Fluctuations in spending by cable operators
  • Limited brand recognition among general consumers

Opportunities

  • Expansion into new markets and geographies
  • Further development of cloud-based solutions
  • Adoption of new technologies such as DOCSIS 4.0
  • Strategic acquisitions to expand product offerings
  • Growing demand for high-quality streaming video

Threats

  • Economic downturn
  • Technological obsolescence
  • Increased competition from larger players
  • Changes in industry regulations
  • Cybersecurity threats

Competitors and Market Share

competitor logo Key Competitors

  • CSCO
  • COMM
  • VECM

Competitive Landscape

Harmonic's competitive advantage lies in its technological innovation and comprehensive product portfolio. However, larger competitors like Cisco have greater resources and broader market reach. Smaller competitors are more agile.

Major Acquisitions

Thomson Video Networks

  • Year: 2016
  • Acquisition Price (USD millions): 75
  • Strategic Rationale: Expanded Harmonic's video compression and processing capabilities, strengthening its position in the video infrastructure market.

Growth Trajectory and Initiatives

Historical Growth: Harmonic's historical growth has been driven by the adoption of its innovative video delivery solutions and cable access products. Fluctuations depend on technology upgrade cycles.

Future Projections: Future growth projections typically anticipate continued expansion in cloud-based video solutions and cable access technologies, driven by increased bandwidth demands and the growth of streaming video.

Recent Initiatives: Recent initiatives include the development of DOCSIS 4.0 solutions, expansion of its VOS360 cloud platform, and strategic partnerships to expand its market reach.

Summary

Harmonic is a key player in the video delivery and cable access markets, driven by its innovative solutions and technology leadership. The company faces intense competition and reliance on major telecom companies. It has a strong opportunity in cloud-based solutions with DOCSIS 4.0 adoption.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company website
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is based on publicly available information and represents a general overview. It should not be considered financial advice. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 895

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.