HARMONIC INC (HLIT)
Information Technology · Broadband and cable access infrastructure equipment and software · NASDAQ
Harmonic provides cable and broadband infrastructure software and equipment to telecom carriers, restructuring to focus on fixed wireless and DOCSIS cable access after divesting its video business.
What HARMONIC INC does
Harmonic Inc. is a technology company serving the cable and telecommunications industries with software and hardware solutions for broadband connectivity and video delivery. The company operates two primary segments: Broadband (cable access, fixed wireless access, and allied technology solutions) and Video (video delivery infrastructure and optimization). Facing significant market headwinds, Harmonic is executing a strategic transition following its agreement to sell the Video business to Leone Media Inc., positioning the company to focus solely on broadband infrastructure and services.
Themes: ["Cable and broadband infrastructure","Fixed wireless access (FWA)","Video streaming and delivery","Telecommunications equipment","Software-defined networking for telecom"]
Fundamentals
- Price$14.14 as of 2026-07-09 close
- Market cap$1.5B as of 2026-07-10
- 1-year return+49.5% as of 2026-07-09 close
- Net margin-8.4% as of 2026-07-10
- Gross margin+43.1% as of 2026-07-10
- ROE-10.3% as of 2026-07-10
- Debt / equity0.31 as of 2026-07-10
- Revenue growth (YoY)-27.5% as of 2026-07-10
- Revenue CAGR (3y)-16.8% SEC XBRL
- Beta1.30 as of 2026-07-10
Key risks (from latest filing)
["Heavy dependence on cable and telecommunications industry capital spending; material decreases or delays in customer spending would severely harm revenue and operations","Execution risk on Video business sale to Leone Media and transition to Broadband-only focus; failure to complete disposition or realize anticipated benefits could impair future growth and financial performance","Customer concentration and key customer loss risk; loss of major customers or failure to diversify customer base could harm operating results significantly"]
Competitors & peers
- NETSCOUT SYSTEMS
- CASA Systems
- SAMSUNG (broadband/access)
- HUAWEI (cable/broadband)
- CALIX
- CERAGON NETWORKS
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.