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Home CompaniesHarmonic Inc

Harmonic Inc

Technology Communication Equipment
PortfolioPortfolio WatchlistWatchlist
Company price
10.21 USD 0.02 ( 0.20%)
Last update at 2026-11-04T21:00:00Z
VOLUME
2244952
Market Cap
1267.35M
P/E
46.48

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
9.83
Low
10.29
High
52 Week Price Range
8.47
Low
17.68
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Harmonic Inc provides video delivery infrastructure and software to pay-TV operators, content distributors and streaming platforms, offering cloud-native processing, compression and distribution solutions. Long-term growth may be supported by the industry shift to IP- and cloud-based video delivery, rising OTT streaming demand, and customers migrating from hardware to software and SaaS models, which could support more recurring revenue and higher-margin services.
The company faces risks from intense competition and pricing pressure from larger infrastructure and cloud providers, execution challenges in converting customers to cloud-based offerings, and demand volatility tied to telecom and broadcaster capex cycles.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
10.19
Dividend Yield
-
Revenue TTM
443.88M
Revenue Per Share
4.00
Gross Profit TTM
221.98M
Debt / Equity
0.39
ROE
6.55%
Net Debt
23.74M
ROCE
2.43%
Diluted EPS TTM
0.25

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 8.86M 57.93M 19.14M 44.48M 8.87M
Net income -43.31M 39.22M 83.99M 28.18M 13.25M
Selling general administrative 81.38M 160.55M 158.23M 146.72M 138.09M
Selling and marketing expenses - 0.30M 0.50M - -
Gross profit 163.66M 365.92M 312.55M 315.88M 259.74M
Reconciled depreciation 11.08M 12.14M 12.21M 12.26M 13.05M
Ebit 12.66M 65.26M 22.17M 45.52M 18.81M
Ebitda 23.74M 77.40M 22.17M 65.13M 32.66M
Depreciation and amortization 11.08M 12.14M 12.26M 19.61M 13.85M
Non operating income net other - - - - 0.69M
Operating income 17.03M 63.14M 22.17M 45.52M 18.81M
Other operating expenses 343.49M 615.59M 585.74M 576.10M 488.23M
Interest expense 3.80M 7.33M 2.70M 5.04M 10.62M
Tax provision 7.64M 18.72M 19.38M 16.30M -4.38M
Net interest income -3.80M -7.33M -3.05M -5.04M -10.62M
Non recurring - - - - 0.11M
Income tax expense 7.64M 18.72M -64.85M 16.30M -4.38M
Total revenue 360.52M 678.72M 607.91M 624.96M 507.15M
Total operating expenses 146.63M 302.79M 290.37M 267.02M 240.82M
Cost of revenue 196.86M 312.80M 295.36M 309.07M 247.41M
Total other income expense net -8.17M -5.20M -3.03M -1.03M -9.94M
Net income from continuing ops 1.22M 39.22M 6.28M 28.18M 13.25M
Net income applicable to common shares - - - 28.18M 13.25M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 718.48M 796.51M 768.21M 710.02M 693.69M
Other current assets 234.53M 18.31M 14.30M 28.73M 13.80M
Total liab 335.24M 331.25M 331.33M 385.51M 396.89M
Total stockholder equity 383.25M 465.26M 436.87M 324.51M 296.80M
Deferred long term liab - - - 1.34M 1.64M
Other current liab 133.96M 60.71M 61.02M 66.72M 53.64M
Common stock 0.11M 0.12M 0.11M 0.11M 0.10M
Capital stock 0.11M 0.12M 0.11M 0.11M 0.10M
Retained earnings -2076.41M -1953.49M -1962.58M -2046.57M -2087.96M
Other liab - - - 28.17M 31.38M
Good will 60.90M 236.88M 239.15M 237.74M 240.21M
Other assets - - - 61.70M 56.66M
Cash 124.11M 101.46M 84.27M 89.59M 133.43M
Total current liabilities 197.95M 167.57M 272.39M 322.07M 224.46M
Current deferred revenue 31.52M 47.07M 46.22M 62.38M 57.23M
Net debt 23.74M 46.86M 71.78M 71.19M 56.78M
Short term debt 9.38M 12.81M 126.59M 125.51M 49.16M
Short long term debt 2.94M 7.13M 119.80M 118.74M 41.82M
Short long term debt total 147.84M 148.31M 156.05M 160.78M 190.21M
Other stockholder equity 2466.18M 2432.73M 2405.04M 2380.65M 2387.92M
Property plant equipment - - - 65.28M 73.69M
Total current assets 494.37M 366.08M 328.85M 347.69M 323.13M
Net tangible assets - - - 86.77M 55.70M
Net receivables 87.89M 182.30M 146.30M 108.43M 88.53M
Long term debt 109.14M 120.78M 10.49M 11.16M 111.93M
Inventory 47.84M 64.00M 83.98M 120.95M 71.19M
Accounts payable 23.09M 35.25M 38.56M 67.45M 64.43M
Accumulated other comprehensive income -6.64M -14.10M -5.71M -9.69M -3.27M
Common stock total equity - - - - 0.10M
Retained earnings total equity - - - - -2087.96M
Non currrent assets other 19.83M 33.29M 38.00M 59.30M 56.66M
Non current assets total 224.11M 430.43M 439.35M 362.33M 370.56M
Capital lease obligations 21.10M 20.40M 25.76M 30.88M 36.47M
Long term debt total - - - - 111.93M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.00M -9.19M -13.91M -1.29M -12.97M
Change to liabilities - - - 8.45M 57.32M
Total cashflows from investing activities -11.08M -9.19M -8.47M -1.29M -12.97M
Net borrowings -3.98M -2.00M -1.03M -38.79M -2.31M
Total cash from financing activities -81.39M -33.27M -4.99M -43.13M 7.94M
Change to operating activities - - - -0.26M -5.11M
Net income -43.31M 39.22M 83.99M 28.18M 13.25M
Change in cash 22.67M 17.52M -5.32M -43.84M 34.79M
Begin period cash flow 101.79M 84.27M 89.59M 133.43M 98.64M
End period cash flow 124.46M 101.79M 84.27M 89.59M 133.43M
Total cash from operating activities 107.97M 61.92M 7.06M 5.48M 41.02M
Issuance of capital stock 5.98M 6.63M 7.51M 7.09M 12.31M
Depreciation 11.08M 12.14M 12.26M 12.26M 13.05M
Other cashflows from investing activities - - 7.96M - -
Dividends paid - - 3.83M - -
Change to inventory -7.10M 8.37M 35.40M -54.43M -39.34M
Change to account receivables 53.91M -38.24M -35.47M -23.14M -26.72M
Sale purchase of stock -79.03M -30.05M -5.13M -5.13M 10.25M
Other cashflows from financing activities -4.37M -7.85M -10.52M -2.80M 1.80M
Change to netincome - - - 33.24M 22.26M
Capital expenditures 11.08M 9.19M 8.47M 9.25M 12.97M
Change receivables - - - - -26.72M
Cash flows other operating - - - - -1.35M
Cash and cash equivalents changes - - - - 35.98M
Change in working capital 36.43M -24.97M -37.21M -69.53M -13.86M
Stock based compensation 31.88M 28.07M 27.33M 25.21M 24.06M
Other non cash items 63.40M 23.89M 13.55M 4.30M 10.71M
Free cash flow 96.89M 52.73M -1.42M -3.77M 28.04M

Peer Comparison*

Sector: Technology Industry: Communication Equipment

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HLIT
Harmonic Inc		 0.02
0.20%		 10.21 46.48 18.83 2.86 3.40 2.53 17.98
CSCO
Cisco Systems Inc		 0.64
0.62%		 103.61 31.58 19.42 6.00 7.42 6.24 21.68
LITE
Lumentum Holdings Inc		 -49.34
7.25%		 630.82 - 38.31 24.97 16.13 24.50 114.87
HPE
Hewlett Packard Enterprise Co		 -3.15
5.93%		 49.95 28.51 12.20 1.77 2.80 2.11 13.02
CIEN
Ciena Corp		 -27.84
9.28%		 272.24 322.25 111.11 13.97 25.62 14.02 141.08

Profile*

Harmonic Inc

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.

2590 Orchard Parkway, San Jose, CA, United States, 95131

408 542 2500

https://www.harmonicinc.com

552

Name Title Year Born
Dr. Patrick J. Harshman Pres, CEO & Director 1965
Mr. Sanjay Kalra Sr. VP & CFO 1973
Mr. Ian Graham Sr. VP of Global Sales & Video Services 1961
Mr. Neven Haltmayer Sr. VP of R&D - Video Bus. 1965
Mr. Nimrod Ben-Natan Sr. VP & GM of Broadband Bus. 1968
Mr. Jean-Marc Guiot Sr. VP of Operations & IT NA
Mr. Michael Smiley Fin. & Investor Relations Mang. NA
Mr. Timothy C. Chu Gen. Counsel, Sr. VP of HR & Corp. Sec. 1973
Ms. Crystele Trevisan-Jallu Sr. VP of Corp. Marketing & Communications NA
Mr. Shahar Bar Sr. VP of Corp. Devel. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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