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Technology - Communication Equipment - NASDAQ - US
$ 11.92
-3.87 %
$ 1.39 B
Market Cap
16.33
P/E
1. INTRINSIC VALUE

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's 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 software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, 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.[ Read More ]

The intrinsic value of one HLIT stock under the base case scenario is HIDDEN Compared to the current market price of 11.9 USD, Harmonic Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HLIT

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FINANCIALS
608 M REVENUE
-2.73%
22.2 M OPERATING INCOME
-51.29%
84 M NET INCOME
198.04%
7.06 M OPERATING CASH FLOW
28.91%
-8.48 M INVESTING CASH FLOW
-558.00%
-4.99 M FINANCING CASH FLOW
88.43%
196 M REVENUE
41.10%
35.4 M OPERATING INCOME
630.09%
21.7 M NET INCOME
273.30%
9.05 M OPERATING CASH FLOW
140.85%
-2.98 M INVESTING CASH FLOW
-53.42%
2.94 M FINANCING CASH FLOW
126.63%
Balance Sheet Decomposition Harmonic Inc.
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Current Assets 331 M
Cash & Short-Term Investments 84.3 M
Receivables 146 M
Other Current Assets 100 M
Non-Current Assets 437 M
Long-Term Investments 0
PP&E 57.5 M
Other Non-Current Assets 380 M
Current Liabilities 272 M
Accounts Payable 38.6 M
Short-Term Debt 127 M
Other Current Liabilities 107 M
Non-Current Liabilities 58.9 M
Long-Term Debt 29.5 M
Other Non-Current Liabilities 29.5 M
EFFICIENCY
Earnings Waterfall Harmonic Inc.
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Revenue 608 M
Cost Of Revenue 307 M
Gross Profit 301 M
Operating Expenses 291 M
Operating Income 22.2 M
Other Expenses -61.8 M
Net Income 84 M
RATIOS
49.51% GROSS MARGIN
49.51%
3.65% OPERATING MARGIN
3.65%
13.82% NET MARGIN
13.82%
19.23% ROE
19.23%
10.93% ROA
10.93%
17.15% ROIC
17.15%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Harmonic Inc.
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Net Income 84 M
Depreciation & Amortization 12.3 M
Capital Expenditures -8.48 M
Stock-Based Compensation 27.3 M
Change in Working Capital -37.2 M
Others 5.76 M
Free Cash Flow -1.42 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Harmonic Inc.
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Wall Street analysts predict an average 1-year price target for HLIT of $15.5 , with forecasts ranging from a low of $12.5 to a high of $18 .
HLIT Lowest Price Target Wall Street Target
12.5 USD 4.87%
HLIT Average Price Target Wall Street Target
15.5 USD 30.03%
HLIT Highest Price Target Wall Street Target
18 USD 51.01%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Harmonic Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
576 K USD 1
6-9 MONTHS
779 K USD 2
9-12 MONTHS
2.02 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 months ago
Jul 31, 2024
Sell 576 K USD
Haltmayer Neven
SVP & Interim GM, Vid Business
- 40000
14.412 USD
6 months ago
May 02, 2024
Sell 577 K USD
Graham Ian
SVP, Global Sales & Video Svcs
- 52730
10.9507 USD
9 months ago
Feb 05, 2024
Sell 389 K USD
Ben-Natan Nimrod
SVP & GM, Broadband Business
- 30000
12.9532 USD
9 months ago
Feb 05, 2024
Sell 903 K USD
Ben-Natan Nimrod
SVP & GM, Broadband Business
- 70000
12.8932 USD
9 months ago
Jan 31, 2024
Sell 286 K USD
Haltmayer Neven
SVP, Video R&D
- 24695
11.5764 USD
9 months ago
Feb 02, 2024
Sell 138 K USD
Haltmayer Neven
SVP, Video R&D
- 10558
13.1144 USD
9 months ago
Feb 16, 2024
Sell 202 K USD
Haltmayer Neven
SVP, Video R&D
- 14747
13.6757 USD
9 months ago
Jan 31, 2024
Sell 301 K USD
Graham Ian
SVP, Global Sales & Video Svcs
- 25861
11.6454 USD
1 year ago
Dec 14, 2022
Sell 215 K USD
HARSHMAN PATRICK
President and CEO
- 15179
14.1899 USD
1 year ago
Dec 13, 2022
Sell 922 K USD
HARSHMAN PATRICK
President and CEO
- 69090
13.346 USD
1 year ago
Nov 30, 2022
Sell 298 K USD
Ben-Natan Nimrod
SVP & GM, Broadband Business
- 20000
14.91 USD
1 year ago
Nov 30, 2022
Sell 447 K USD
Ben-Natan Nimrod
SVP & GM, Broadband Business
- 30000
14.9 USD
2 years ago
Nov 18, 2022
Sell 369 K USD
Haltmayer Neven
SVP, Video R&D
- 24947
14.8 USD
2 years ago
Nov 16, 2022
Sell 81 K USD
HARSHMAN PATRICK
President and CEO
- 6040
13.412 USD
2 years ago
Nov 04, 2022
Sell 349 K USD
Haltmayer Neven
SVP, Video R&D
- 25053
13.915 USD
2 years ago
Nov 03, 2022
Sell 2.11 M USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 149835
14.07 USD
2 years ago
Aug 25, 2022
Sell 609 K USD
Kalra Sanjay
SVP and CFO
- 53585
11.358 USD
2 years ago
Aug 15, 2022
Sell 68.8 K USD
HARSHMAN PATRICK
President and CEO
- 6040
11.3907 USD
2 years ago
Aug 04, 2022
Sell 169 K USD
Graham Ian
SVP, Global Sales & Video Svcs
- 15000
11.2975 USD
2 years ago
Aug 03, 2022
Sell 544 K USD
HARSHMAN PATRICK
President and CEO
- 50000
10.8834 USD
2 years ago
Jun 02, 2022
Sell 154 K USD
Graham Ian
SVP, Global Sales & Video Svcs
- 15573
9.8915 USD
2 years ago
Jun 02, 2022
Sell 797 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 80000
9.9638 USD
2 years ago
Nov 22, 2021
Sell 57.5 K USD
Haltmayer Neven
SVP, Video R&D
- 5000
11.5 USD
3 years ago
Nov 12, 2021
Sell 984 K USD
Kalra Sanjay
SVP and CFO
- 91176
10.7871 USD
3 years ago
Nov 08, 2021
Sell 217 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 20000
10.84 USD
3 years ago
Nov 05, 2021
Sell 240 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 22148
10.8357 USD
3 years ago
Nov 04, 2021
Sell 275 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 25336
10.8448 USD
3 years ago
Nov 08, 2021
Sell 354 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 32516
10.8735 USD
3 years ago
Nov 04, 2021
Sell 108 K USD
Haltmayer Neven
SVP, Video R&D
- 10000
10.8071 USD
3 years ago
Nov 05, 2021
Sell 110 K USD
Haltmayer Neven
SVP, Video R&D
- 10000
11 USD
3 years ago
Nov 03, 2021
Sell 318 K USD
Theodosopoulos Nikos
Director
- 30000
10.6001 USD
3 years ago
Aug 23, 2021
Sell 394 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 40000
9.86 USD
3 years ago
Sep 15, 2021
Sell 856 K USD
HARSHMAN PATRICK
President and CEO
- 96664
8.8511 USD
3 years ago
Sep 14, 2021
Sell 1.52 M USD
HARSHMAN PATRICK
President and CEO
- 170003
8.9525 USD
3 years ago
Sep 09, 2021
Sell 896 K USD
HARSHMAN PATRICK
President and CEO
- 100000
8.96 USD
3 years ago
Aug 23, 2021
Sell 0 USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 40000
0 USD
3 years ago
Aug 09, 2021
Sell 160 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 16188
9.9 USD
3 years ago
Aug 09, 2021
Sell 429 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 43812
9.8 USD
3 years ago
Aug 03, 2021
Sell 250 K USD
Haltmayer Neven
SVP, Video R&D
- 25000
10 USD
3 years ago
Apr 14, 2021
Sell 720 K USD
Haltmayer Neven
SVP, Video R&D
- 80000
9 USD
3 years ago
Feb 24, 2021
Sell 867 K USD
HARSHMAN PATRICK
President and CEO
- 106502
8.144 USD
3 years ago
Feb 19, 2021
Sell 321 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 40480
7.933 USD
3 years ago
Feb 22, 2021
Sell 474 K USD
Ben-Natan Nimrod
SVP & GM, Cable Access
- 59520
7.97 USD
3 years ago
Feb 19, 2021
Sell 773 K USD
HARSHMAN PATRICK
President and CEO
- 97526
7.926 USD
3 years ago
Feb 12, 2021
Sell 96.9 K USD
HARSHMAN PATRICK
President and CEO
- 12587
7.7 USD
3 years ago
Feb 11, 2021
Sell 650 K USD
HARSHMAN PATRICK
President and CEO
- 83167
7.8133 USD
3 years ago
Feb 09, 2021
Sell 83.8 K USD
Kalra Sanjay
SVP and CFO
- 10467
8.004 USD
3 years ago
Feb 09, 2021
Sell 99.5 K USD
Kalra Sanjay
SVP and CFO
- 12437
8.003 USD
3 years ago
Feb 10, 2021
Sell 69.6 K USD
Kalra Sanjay
SVP and CFO
- 8700
8 USD
3 years ago
Feb 09, 2021
Sell 36 K USD
Kalra Sanjay
SVP and CFO
- 4500
8.011 USD
3 years ago
Feb 10, 2021
Sell 107 K USD
Kalra Sanjay
SVP and CFO
- 13343
8 USD
3 years ago
Feb 11, 2021
Sell 23.4 K USD
Kalra Sanjay
SVP and CFO
- 2914
8.028 USD
3 years ago
Feb 03, 2021
Sell 60 K USD
Graham Ian
SVP, Global Sales & Video Svcs
- 7834
7.6636 USD
3 years ago
Jan 14, 2021
Sell 195 K USD
Haltmayer Neven
SVP, Video R&D
- 24417
8.0005 USD
3 years ago
Jan 06, 2021
Sell 117 K USD
Haltmayer Neven
SVP, Video R&D
- 15632
7.5 USD
3 years ago
Dec 04, 2020
Sell 175 K USD
Haltmayer Neven
SVP, Video R&D
- 25000
7.0001 USD
7. News
Third Harmonic Bio to Participate in Upcoming Investor Conferences in November SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced that management will participate in the following upcoming conferences: globenewswire.com - 1 week ago
Third Harmonic Bio Announces Third Quarter 2024 Financial Results THB335 Phase 1 SAD/MAD clinical trial on track to deliver clinical results in 1Q'25 Strong financial position with cash and cash equivalents totaling $296.1 million  as of September 30, 2024 SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory and gastrointestinal inflammatory diseases, today announced financial results for the third quarter September 30, 2024. “As the Phase 1 clinical trial of our development candidate THB335 continues toward an anticipated data readout in the first quarter of 2025, we are also making excellent progress in preparing to move efficiently into a Phase 2 clinical trial in chronic spontaneous urticaria,” said Natalie Holles, Chief Executive Officer at Third Harmonic Bio. globenewswire.com - 1 week ago
Q3 Gains For Harmonic, But 2025 Growth Uncertain Harmonic Inc. posted strong Q3 results with a Non-GAAP EPS of $0.26 and revenue of $195.76 million, driven by Broadband's DOCSIS 4.0 rollout. Despite growth, concerns include project delays, heavy reliance on major clients, and potential profit margin flattening, leading to a cautious outlook. Video segment profitability improved, but revenue dipped slightly; financials show strong cash position but expect margin fluctuations and inventory increases. seekingalpha.com - 2 weeks ago
Harmonic Inc. (HLIT) Q3 2024 Earnings Call Transcript Harmonic Inc. (NASDAQ:HLIT ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants David Hanover - IR Nimrod Ben-Natan - President & CEO Walter Jankovic - CFO Conference Call Participants Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities Tim Savageaux - Northland Capital Markets Simon Leopold - Raymond James George Notter - Jefferies Operator Welcome to the Third Quarter 2024 Harmonic Earnings Conference Call. My name is Josh, and I will be your operator for today's call. seekingalpha.com - 2 weeks ago
Harmonic (HLIT) Tops Q3 Earnings and Revenue Estimates Harmonic (HLIT) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to break-even earnings per share a year ago. zacks.com - 2 weeks ago
Harmonic Announces Third Quarter 2024 Results Record revenue with Broadband revenue up 92% year over year Video returned to profitability with greater than 10% Adjusted EBITDA margin SAN JOSE, Calif. , Oct. 28, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2024. prnewswire.com - 2 weeks ago
Harmonic Announces Reporting Date for Third Quarter 2024 Results SAN JOSE, Calif. , Oct. 14, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its third quarter 2024 financial results after the market close on Monday, October 28, 2024. prnewswire.com - 1 month ago
Will Innovation in Broadband Technology Propel HLIT's Stock Growth? Harmonic has made significant advancements in developing the industry's first unified DOCSIS 4.0 solution, delivering high-speed broadband services over the existing network infrastructure. zacks.com - 1 month ago
Harmonic's BEAD Solutions Speed Up FTTH Deployments The Company's New FTTH Deployment Options for BEAD Shorten Project Timelines Leveraging Existing Network Infrastructure SAN JOSE, Calif. , Sept. 24, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced its Broadband Equity, Access and Deployment (BEAD) solutions enable broadband operators to deploy high-speed fiber-to-the-home (FTTH) services faster, utilizing the domestically manufactured Fin remote OLT (R-OLT) in conjunction with an operator's existing network edge devices. prnewswire.com - 1 month ago
Harmonic Advances Fiber Broadband Interoperability with Open ONU Strategy Expanded Testing and Strategic Partnerships Simplify Interoperability Between Third-Party ONU and OLT Devices SAN JOSE, Calif. , Sept. 24, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced expanded efforts to improve interoperability between optical network units (ONU) and optical line terminals (OLT) for fiber broadband deployment. prnewswire.com - 1 month ago
Comcast and Harmonic to Demonstrate Industry's First Unified DOCSIS 4.0 and Fiber Solution at SCTE TechExpo24 Harmonic's cOS™ Virtualized Broadband Platform is the Industry's First Solution Unifying FDX and FDD DOCSIS 4.0 SAN JOSE, Calif. , Sept. 23, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced significant advances on a unified DOCSIS 4.0 solution that delivers multigigabit symmetric speeds over existing infrastructure using the new unified D4.0 chipset. prnewswire.com - 1 month ago
Sercomm Unlocks Deployment Flexibility for Cost-effective Fiber Expansion Sercomm's I-TEMP 10G PON SFP+ ONU is Now Certified with Harmonic's cOS PON OLT Portfolio ATLANTA , Sept. 23, 2024 /PRNewswire/ -- Sercomm Corporation (TWSE: 5388), a leading provider of telecom and broadband equipment, is pleased to announce the certification of its I-TEMP 10G SFP+ ONU for XGS-PON and 10G EPON with Harmonic's cOS PON OLT portfolio. prnewswire.com - 1 month ago
8. Profile Summary

Harmonic Inc. HLIT

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COUNTRY US
INDUSTRY Communication Equipment
MARKET CAP $ 1.39 B
Dividend Yield 0.00%
Description Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's 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 software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, 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 Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable operators. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. 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.
Contact 2590 Orchard Parkway, San Jose, CA, 95131 https://www.harmonicinc.com
IPO Date May 23, 1995
Employees 1238
Officers Mr. Jean-Marc Guiot Senior Vice President of Operations & IT David Hanover Investor Relation Officer Mr. Neven Haltmayer Senior Vice President & Interim GM of Video Business Mr. Tim Warren Senior Vice President of Innovation & Chief Cybersecurity Officer Mr. Jeremy Rosenberg Senior Vice President of Business Development Mr. Gil Rudge Senior Vice President of Video Products Mr. Nimrod Ben-Natan President, Chief Executive Officer & Director Mr. Walter F. Jankovic Chief Financial Officer