Inside the research
Harmonic Inc.
HLIT Research profile · latest available data
Price overview
$11.01
▲ +0.06 (+0.5%)
| 52w hi | $17.11 |
|---|---|
| 52w lo | $8.85 |
| Vol | 986.00K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.12
| Short | -0.37 |
|---|---|
| Medium | +0.39 |
| Long | +0.57 |
computed 2026-09-27
Key fundamentals
Harmonic Inc.
Technology · Communication Equipment
| Market cap | $1.20B |
|---|---|
| Enterprise value | $1.10B |
| Trailing P/E | 45.88x |
| Forward P/E | 13.63x |
| EV / EBITDA | 17.15x |
| P / S (ttm) | 2.71x |
| Profit margin | -10.6% |
| Return on equity | 6.5% |
| Revenue growth | +53.5% |
| Debt / equity | 36.11 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.26 | |
| Sector | +0.19 | |
| Technical | -0.17 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. It 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. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.
Risk Metrics
| Beta vs SPX | 1.42 |
|---|---|
| Corr SPX | 0.46 |
| Annual vol | 49.2% |
| Annual ret | +0.2% |
| Sharpe | 0.00 |
| Max DD | -44.3% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-12 | Earnings Release, Exhibits | read |
| 2026-06-17 | Acquisition / Disposition, Officer / Director Change… | read |
| 2026-06-08 | Reg FD Disclosure | read |
| 2026-06-05 | Shareholder Vote | read |
| 2026-05-11 | Earnings Release, Exhibits | read |
| 2026-04-02 | Officer / Director Change, Exhibits | read |
| 2026-03-23 | Material Agreement, Exhibits | read |
| 2026-03-11 | Reg FD Disclosure, Exhibits | read |
| 2026-02-19 | Earnings Release, Exhibits | read |
| 2026-02-09 | Officer / Director Change, Exhibits | read |
| 2025-12-09 | Material Agreement, Reg FD Disclosure… | read |
| 2025-11-03 | Earnings Release, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 90.5% |
| HHI | 2,893 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $84.06M | 5.15M |
| Renaissance Technologies | $28.16M | 1.72M |
| Norges Bank (Norway sovereign) | $23.62M | 1.45M |
| Millennium Management | $13.77M | 843.48K |
| Citadel Advisors | $7.95M | 486.63K |
| Fidelity / FMR LLC | $7.84M | 479.85K |
| AQR Capital Management | $5.23M | 320.12K |
| Capital Research / Capital World | $3.39M | 207.73K |
| T. Rowe Price Group | $78.28K | 4.79M |
As of 2026-06-30
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $488.20M | +2.9% | |
| Gross profit | $240.11M | +1.4% | |
| Operating income | $74.73M | +30.7% | |
| Net income | -$43.31M | +151.5% | |
| Cash from ops | $7.06M | -3.4% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $11.02 | $11.19 | $10.97 | $11.01 | 986.00K |
| Sep 24 | $10.91 | $10.97 | $10.78 | $10.95 | 1.39M |
| Sep 23 | $11.25 | $11.35 | $10.96 | $10.99 | 758.00K |
| Sep 22 | $11.35 | $11.46 | $11.16 | $11.29 | 1.03M |
| Sep 21 | $11.20 | $11.36 | $11.04 | $11.32 | 1.36M |
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