Harmonic Inc. (HLIT)Technology | Communication Equipment | San Jose, United States | NasdaqGS
13.67 USD
-0.38
(-2.705%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 13.50 -0.17 (-0.170%) ⇩ (July 13, 2026, 7:37 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:29 a.m. EDT
Harmonic presents a classic 'value trap' scenario where the business story is improving but the stock remains trapped by recent underperformance. Fundamentally, the company is executing well with revenue growing at 43% and operating margins expanding to 17%, while the forward P/E of 18 suggests the market expects a rapid normalization of earnings. However, the trailing P/E of 175 and negative free cash flow indicate that profitability is still fragile, preventing a top-tier long-term rating. The price action reflects this tension: the stock is up significantly over the last decade (+205%) but has stalled recently with two consecutive years of decline. The options market tells a different story, with aggressive call buying suggesting smart money believes the earnings recovery will finally drive a sharp price re-rating. While the statistical forecast models are currently weak and leaning slightly negative due to recent noise, the divergence between improving fundamentals and the speculative frenzy in options warrants a cautious 'slight positive lean' rating. Investors should view the current price as a potential inflection point where the gap between earnings growth and stock price closes. |
| Model | MAE |
|---|---|
| MSTL_84_126 ✓ | 0.237349 |
| MSTL_126 | 0.260786 |
| MSTL_84 | 0.270102 |
| MSTL | 0.300412 |
| AutoETS | 0.303970 |
| AutoARIMA | 0.304027 |
| AutoTheta | 0.304086 |
Forecast horizon: 60 days | Selected: MSTL_84_126
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 4.21 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.824 |
| Excess Kurtosis | -0.29 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 36.901 |
| Revenue per Share | 3.547 |
| Market Cap | 1,483,146,240 |
| Trailing P/E | 170.88 |
| Forward P/E | 17.59 |
| Beta | 1.29 |
| Profit Margins | -10.56% |
| Website | https://www.harmonicinc.com |
As of July 11, 2026, 3:29 a.m. EDT: Speculators are heavily positioning for upside, evidenced by massive open interest in out-of-the-money calls (2026-10-16 and 2027-01-15) compared to negligible put volume. This creates a distinct bullish skew where traders are betting on a significant rally rather than a crash, despite the underlying earnings miss.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.52056277 |
| Address1 | 2,590 Orchard Parkway |
| All Time High | 157.5 |
| All Time Low | 1.01 |
| Ask | 15.51 |
| Ask Size | 1 |
| Audit Risk | 3 |
| Average Daily Volume10 Day | 2,354,790 |
| Average Daily Volume3 Month | 3,015,400 |
| Average Volume | 3,015,400 |
| Average Volume10Days | 2,354,790 |
| Beta | 1.291 |
| Bid | 11.78 |
| Bid Size | 1 |
| Board Risk | 2 |
| Book Value | 3.274 |
| City | San Jose |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 3 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 13.67 |
| Current Ratio | 2.265 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 13.935 |
| Day Low | 13.47 |
| Debt To Equity | 36.901 |
| Display Name | Harmonic |
| Earnings Call Timestamp End | 1,778,533,200 |
| Earnings Call Timestamp Start | 1,778,533,200 |
| Earnings Growth | 0.319 |
| Earnings Quarterly Growth | 0.23 |
| Earnings Timestamp | 1,778,529,600 |
| Earnings Timestamp End | 1,785,182,400 |
| Earnings Timestamp Start | 1,785,182,400 |
| Ebitda | 41,330,000 |
| Ebitda Margins | 0.10402001 |
| Enterprise To Ebitda | 36.419 |
| Enterprise To Revenue | 3.788 |
| Enterprise Value | 1,505,203,328 |
| Eps Current Year | 0.63829 |
| Eps Forward | 0.77733 |
| Eps Trailing Twelve Months | 0.08 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 408 542 2521 |
| Fifty Day Average | 13.9982 |
| Fifty Day Average Change | -0.32820034 |
| Fifty Day Average Change Percent | -0.023445895 |
| Fifty Two Week Change Percent | 52.05628 |
| Fifty Two Week High | 17.68 |
| Fifty Two Week High Change | -4.01 |
| Fifty Two Week High Change Percent | -0.22680996 |
| Fifty Two Week Low | 7.8 |
| Fifty Two Week Low Change | 5.87 |
| Fifty Two Week Low Change Percent | 0.7525641 |
| Fifty Two Week Range | 7.8 - 17.68 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 801,235,800,000 |
| Float Shares | 106,501,187 |
| Forward Eps | 0.77733 |
| Forward P E | 17.585838 |
| Free Cashflow | -81,867,248 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 521 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.48291 |
| Gross Profits | 191,880,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.02049 |
| Held Percent Institutions | 0.86915 |
| Implied Shares Outstanding | 108,496,436 |
| Industry | Communication Equipment |
| Industry Disp | Communication Equipment |
| Industry Key | communication-equipment |
| Ir Website | http://www.harmonicinc.com/content/investor-relations |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 939,945,600 |
| Last Split Factor | 2:1 |
| Long Business Summary | 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. |
| Long Name | Harmonic Inc. |
| Market | us_market |
| Market Cap | 1,483,146,240 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_29282 |
| Most Recent Quarter | 1,775,174,400 |
| Net Income To Common | 8,495,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,524,374,925 |
| Number Of Analyst Opinions | 7 |
| Open | 13.77 |
| Operating Cashflow | 56,051,000 |
| Operating Margins | 0.16803 |
| Overall Risk | 1 |
| Payout Ratio | 0.0 |
| Peg Ratio | 1.84 |
| Phone | 408 542 2500 |
| Post Market Change | -0.17000008 |
| Post Market Change Percent | -1.2435997 |
| Post Market Price | 13.5 |
| Post Market Time | 1,783,985,825 |
| Previous Close | 14.05 |
| Price Eps Current Year | 21.416597 |
| Price Hint | 2 |
| Price To Book | 4.1753206 |
| Price To Sales Trailing12 Months | 3.732688 |
| Profit Margins | -0.105550006 |
| Quick Ratio | 0.907 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.38 |
| Regular Market Change Percent | -2.70463 |
| Regular Market Day High | 13.935 |
| Regular Market Day Low | 13.47 |
| Regular Market Day Range | 13.47 - 13.935 |
| Regular Market Open | 13.77 |
| Regular Market Previous Close | 14.05 |
| Regular Market Price | 13.67 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 1,850,466 |
| Return On Assets | 0.025729999 |
| Return On Equity | 0.0212 |
| Revenue Growth | 0.434 |
| Revenue Per Share | 3.547 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 1 |
| Shares Outstanding | 108,496,436 |
| Shares Percent Shares Out | 0.052399997 |
| Shares Short | 5,687,295 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 4,377,806 |
| Short Name | Harmonic Inc. |
| Short Percent Of Float | 0.0738 |
| Short Ratio | 1.82 |
| Source Interval | 15 |
| State | CA |
| Symbol | HLIT |
| Target High Price | 20.0 |
| Target Low Price | 8.0 |
| Target Mean Price | 15.28571 |
| Target Median Price | 15.0 |
| Total Cash | 109,000,000 |
| Total Cash Per Share | 1.005 |
| Total Debt | 131,057,000 |
| Total Revenue | 397,340,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.08 |
| Trailing P E | 170.875 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 11.00475 |
| Two Hundred Day Average Change | 2.6652498 |
| Two Hundred Day Average Change Percent | 0.24219085 |
| Type Disp | Equity |
| Volume | 1,850,466 |
| Website | https://www.harmonicinc.com |
| Zip | 95,131 |