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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
10/09/2026: HLIT (1-star) is currently NOT-A-BUY. Pass it for now.
Harmonic Inc is a technology company focused on providing virtualized broadband and video streaming infrastructure. The company has a leading position in the cable access market due to its CableOS platform, which is helping service providers modernize their networks through software-defined architecture. Its main growth opportunity lies in expanding this platform into fiber-to-the-home markets. However, investors must consider risks such as heavy customer concentration, intensive R&D requirements, and the cyclical spending nature of telecommunications providers. Harmonic is best suited for growth-oriented investors who can tolerate volatility, and it is important to monitor major customer contract announcements and the successful adoption of its broadband platform as the primary drivers of long-term value.
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 company is a primary beneficiary of the global shift toward virtualized broadband infrastructure. |
| Momentum investor | Mixed fit | Momentum depends on the timing of major contract awards and operator spending cycles. |
| Value investor | Mixed fit | Valuation is often tied to growth expectations rather than current cash yield or low P/E multiples. |
| Dividend investor | Weak fit | Harmonic does not pay a dividend, prioritizing capital allocation toward growth. |
| Low-risk investor | Weak fit | Exposure to telecommunications capital expenditure cycles creates inherent stock price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock often reacts sharply to quarterly shifts in large-scale operator spending and contract announcements. |
| Valuation risk | Medium | As a growth-oriented technology stock, the valuation can compress if earnings growth expectations are not met. |
| Competition risk (Infrastructure providers) | High | Incumbent networking giants pose a constant threat to market share in the broadband space. |
| Business quality | Medium | The transition to SaaS is positive, but the business remains sensitive to the cyclical nature of its major clients. |
| Dividend income | Low / none | Investors should not expect income, as the company retains all cash for growth. |
| Execution risk | Medium | The company must successfully deploy complex software at scale to retain its position against competitors. |
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 -26.41% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
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 1.21B USD | Price to earnings Ratio 42.58 | 1Y Target Price 16.14 |
Price to earnings Ratio 42.58 | 1Y Target Price 16.14 | ||
Volume (30-day avg) 1.4M shares | Beta 1.33 | 52 Weeks Range 8.47 - 17.68 | Updated Date 10/08/2026 |
52 Weeks Range 8.47 - 17.68 | Updated Date 10/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.26 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Broadband Segment | CableOS, virtualized access software, and associated hardware nodes. | This is the primary growth engine driven by the global need for faster internet. |
| Video Segment | Video processing, cloud media processing, and streaming infrastructure services. | This segment provides stable revenue but faces stiff competition in the streaming infrastructure space. |
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 42.58 | Forward PE 18.83 | Enterprise Value 1.10B | Price to Sales(TTM) 2.72 |
Enterprise Value 1.10B | Price to Sales(TTM) 2.72 | ||
Enterprise Value to Revenue 2.47 | Enterprise Value to EBITDA 49.76 | Shares Outstanding 109.07M | Shares Floating 107.01M |
Shares Outstanding 109.07M | Shares Floating 107.01M | ||
Percent Insiders 1.83 | Percent Institutions 86.08 |
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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