Harmonic Inc

Harmonic Inc

HLIT · NASDAQ · Technology / Communication Equipment

10.34USD-0.13 (-1.24%)

Price History

Full chart

Market Stats

Previous Close10.47
Open10.45
Day Range10.11 – 10.46
52-Week Range8.47 – 17.68
Volume853.60K
Market Cap1.20B
P/E (TTM)45.88
Forward P/E18.83
EPS0.24
Dividend Yield0.00%
Beta1.32
50-Day Avg11.85
200-Day Avg11.51

About

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.

Company Details

  • SectorTechnology
  • IndustryCommunication Equipment
  • CEOMr. Nimrod Ben-Natan
  • Employees552
  • Headquarters2590 Orchard Parkway, San Jose, CA, United States, 95131, USA
  • Websitehttps://www.harmonicinc.com

Leadership

  • Mr. Nimrod Ben-NatanPresident, CEO & Director · b. 1968
  • Mr. Walter F. JankovicChief Financial Officer · b. 1969
  • Mr. Timothy C. Chu J.D.General Counsel, Senior VP of Human Resources & Corporate Secretary · b. 1973
  • David HanoverInvestor Relation Officer
  • Netra GhoshCorporate Communications Manager
  • Ms. Pamela GilliesVice President of Marketing
  • Mr. Jeffrey GlahnSenior Vice President of Global Sales & Broadband · b. 1978
  • Mr. Jeremy RosenbergSenior Vice President of Business Development · b. 1958
  • Mr. Gil RudgeSenior Vice President of Solutions and Americas Sales
  • Mr. Noam AdikaSenior Vice President of R&D

Financials

Income Statement

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue39.20M60.90M74.40M83.90M184.10M263.05M203.81M186.63M182.28M248.31M257.38M247.68M311.20M364.96M319.57M423.34M549.33M530.46M461.94M433.56M377.03M405.91M358.25M403.56M402.87M378.83M507.15M624.96M607.91M678.72M360.52M
Growth (%)-+55.36%+22.17%+12.77%+119.43%+42.88%-22.52%-8.43%-2.33%+36.23%+3.65%-3.77%+25.65%+17.27%-12.44%+32.47%+29.76%-3.43%-12.92%-6.14%-13.04%+7.66%-11.74%+12.65%-0.17%-5.97%+33.87%+23.23%-2.73%+11.65%-46.88%
Cost of Revenue19.50M30.70M36.40M49.00M97.20M162.22M202.25M132.20M121.67M143.81M163.43M146.24M177.13M187.43M185.21M227.94M294.82M293.91M241.50M221.21M174.31M205.16M188.43M194.35M179.86M183.83M247.41M309.07M295.36M312.80M196.86M
Gross Profit19.70M30.20M38.00M34.90M86.90M100.83M1.55M54.43M60.60M104.50M93.95M101.45M134.07M177.53M134.36M195.40M254.51M236.56M220.44M212.35M202.71M200.75M169.82M209.21M223.01M195.00M259.74M315.88M312.55M365.92M163.66M
Gross Margin50.26%49.59%51.08%41.60%47.20%38.33%0.76%29.16%33.25%42.08%36.50%40.96%43.08%48.64%42.04%46.16%46.33%44.59%47.72%48.98%53.77%49.46%47.40%51.84%55.36%51.47%51.22%50.54%51.41%53.91%45.40%
Operating Expense15.90M25.00M33.50M42.80M57.90M363.74M170.34M131.78M91.15M103.06M100.99M105.17M114.82M138.23M146.40M190.26M242.74M245.86M243.47M233.92M215.66M267.79M240.70M214.22M209.93M207.45M240.93M270.37M290.37M302.79M146.63M
Operating Income3.80M5.20M4.50M-7.90M29.00M-262.91M-168.79M-77.35M-30.55M1.44M-7.04M-3.72M19.26M39.30M-12.04M5.14M11.77M-9.31M-23.02M-21.57M-12.95M-67.04M-70.88M-5.01M13.08M-12.45M18.81M45.52M22.17M63.14M17.03M
Operating Margin9.69%8.54%6.05%-9.42%15.75%-99.95%-82.82%-41.44%-16.76%0.58%-2.74%-1.50%6.19%10.77%-3.77%1.21%2.14%-1.75%-4.98%-4.98%-3.43%-16.51%-19.78%-1.24%3.25%-3.29%3.71%7.28%3.65%9.30%4.72%
EBITDA5.60M7.70M7.90M9.90M35.30M-15.52M-129.88M-42.97M-4.38M24.74M4.24M5.86M31.26M52.59M8.52M32.56M56.06M26.48M23.19M18.48M4.01M-36.15M-50.71M15.79M24.66M999.00K32.55M61.65M22.17M77.40M23.74M
EBITDA Margin14.29%12.64%10.62%11.80%19.17%-5.90%-63.72%-23.02%-2.40%9.96%1.65%2.37%10.04%14.41%2.67%7.69%10.21%4.99%5.02%4.26%1.06%-8.91%-14.15%3.91%6.12%0.26%6.42%9.87%3.65%11.40%6.59%
Net Income4.10M5.90M4.90M-21.50M23.70M-1.65B-166.41M-76.92M-29.43M1.57M-5.73M1.01M23.42M63.99M-24.14M-4.33M8.78M-10.94M37.03M-46.25M-15.66M-72.31M-82.95M-21.04M-5.92M-29.27M13.25M28.18M83.99M39.22M-43.31M
Net Income Margin10.46%9.69%6.59%-25.63%12.87%-628.79%-81.65%-41.21%-16.15%0.63%-2.23%0.41%7.53%17.53%-7.55%-1.02%1.60%-2.06%8.02%-10.67%-4.15%-17.82%-23.16%-5.21%-1.47%-7.73%2.61%4.51%13.82%5.78%-12.01%
R&D6.10M9.20M11.70M13.50M17.30M49.31M51.32M40.83M35.11M35.59M38.17M39.45M42.90M54.47M61.44M77.20M102.73M106.22M99.94M93.06M87.55M98.40M95.98M89.16M84.61M82.49M102.23M120.31M126.28M120.97M65.25M
R&D as % of Total Revenue15.56%15.11%15.73%16.09%9.40%18.75%25.18%21.88%19.26%14.33%14.83%15.93%13.79%14.93%19.22%18.24%18.70%20.02%21.63%21.46%23.22%24.24%26.79%22.09%21.00%21.78%20.16%19.25%20.77%17.82%18.10%
Interest Expense00000000000009.22M3.18M1.08M374.00K222.00K128.00K224.00K333.00K10.63M11.08M11.40M11.65M11.51M10.63M5.04M2.70M7.33M3.80M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.53%1.00%0.26%0.07%0.04%0.03%0.05%0.09%2.62%3.09%2.83%2.89%3.04%2.10%0.81%0.44%1.08%1.05%

Balance Sheet

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets41.80M54.60M58.90M62.40M185.70M425.94M238.06M173.75M224.73M242.36M226.30M281.96M475.78M564.36M572.03M720.39M734.17M717.53M606.08M480.52M524.96M554.07M508.06M510.83M587.33M591.52M693.69M710.02M768.21M796.51M718.48M
Total Liabilities4.80M11.00M9.00M18.90M40.80M130.24M103.00M111.57M118.56M131.80M113.31M136.83M141.37M150.05M164.56M200.18M169.85M164.12M112.63M108.70M196.79M283.43M289.72M282.58M334.88M333.22M396.89M385.51M331.33M331.25M335.24M
Total Equity37.00M43.60M49.90M43.50M144.90M295.70M135.05M62.18M106.16M110.56M112.98M145.13M334.41M414.32M407.47M520.20M564.32M553.41M493.46M371.81M328.17M270.64M218.34M228.25M252.45M258.30M296.80M324.51M436.87M465.26M383.25M
Cash22.10M16.40M13.70M9.20M24.80M13.51M36.01M21.54M41.88M26.60M37.82M33.45M129.00M179.89M152.48M96.53M90.98M96.67M90.33M73.03M126.19M55.63M57.02M65.99M93.06M98.64M133.43M89.59M84.27M101.46M124.11M
Total Debt---600.00K600.00K-2.75M2.57M1.66M2.34M1.27M532.00K--6.91M-----98.60M124.45M131.69M134.67M186.28M184.79M190.21M160.78M156.05M148.31M147.84M
Net Debt-22.10M-16.40M-13.70M-8.60M-24.80M-13.51M-33.26M-18.97M-40.22M-24.26M-36.55M-32.92M-129.00M-179.89M-145.57M-96.53M-90.98M-96.67M-90.33M-73.03M-27.89M68.81M74.67M68.68M93.23M86.14M56.78M71.19M71.78M46.86M23.74M

Cash Flow

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.30M300.00K2.00M-2.00M21.80M-359.49M-24.77M-5.40M-5.56M-9.02M16.05M8.63M35.36M60.13M11.09M17.84M45.18M70.81M53.76M47.37M6.35M438.00K3.06M12.28M31.30M39.16M41.02M5.48M7.06M61.92M107.97M
Investing Cash Flow-3.10M-6.70M-6.10M--75.30M342.69M38.58M-12.67M-46.37M-10.06M-10.32M-16.95M-92.61M-17.95M-42.91M-96.36M-65.33M-47.55M51.09M27.80M-10.41M-70.48M-4.21M-6.94M-10.33M-32.20M-12.97M-1.29M-8.47M-9.19M-11.08M
Financing Cash Flow21.20M700.00K1.40M2.20M69.00M5.45M9.01M3.60M72.33M3.88M5.32M3.88M152.88M8.46M4.24M22.69M14.66M-17.70M-111.20M-92.01M57.53M-152.00K895.00K2.65M6.30M-2.11M7.94M-43.13M-4.99M-33.27M-81.39M
Capital Expenditure3.10M6.70M4.80M4.70M9.30M29.88M29.08M3.29M3.36M6.32M5.67M5.14M5.87M9.05M8.09M35.62M17.27M12.61M14.58M10.06M14.36M15.11M11.40M7.04M10.33M32.20M12.97M9.25M8.47M9.19M11.08M
Free Cash Flow-800.00K-6.40M-2.80M-6.70M12.50M-389.36M-53.85M-8.70M-8.92M-15.34M10.39M3.49M29.49M51.08M3.00M-17.79M27.91M58.20M39.18M37.30M-8.01M-14.67M-8.34M5.24M20.97M6.96M28.04M-3.77M-1.42M52.73M96.89M
Dividends Paid---------------00000131.78M00-1.49M1.66M2.06M-3.83M--
FCF to OCF-34.78%-2133.33%-140.00%335.00%57.34%108.31%217.41%160.92%160.51%170.03%64.71%40.43%83.40%84.96%27.07%-99.72%61.77%82.19%72.88%78.75%-126.04%-3349.09%-272.03%42.66%67.00%17.77%68.37%-68.92%-20.06%85.16%89.74%
Dividend Paid to FCF---------------0.00%0.00%0.00%0.00%0.00%-1646.18%0.00%0.00%-7.12%23.89%7.36%--270.83%--

Earnings

Report DateApr 18, 1996Jul 18, 1996Oct 17, 1996Jan 22, 1997Apr 16, 1997Jul 16, 1997Oct 15, 1997Jan 21, 1998Apr 14, 1998Jul 22, 1998Oct 21, 1998Jan 20, 1999Apr 21, 1999Jul 21, 1999Oct 20, 1999Jan 19, 2000Apr 19, 2000Jul 19, 2000Oct 18, 2000Jan 24, 2001Apr 25, 2001Jul 25, 2001Oct 24, 2001Jan 23, 2002Apr 24, 2002Jul 24, 2002Oct 23, 2002Jan 22, 2003Apr 24, 2003Jul 17, 2003Oct 16, 2003Jan 22, 2004Apr 22, 2004Jul 22, 2004Oct 21, 2004Jan 20, 2005Apr 21, 2005Jul 21, 2005Oct 20, 2005Jan 19, 2006Apr 27, 2006Jul 26, 2006Oct 25, 2006Jan 31, 2007Apr 25, 2007Jul 25, 2007Oct 23, 2007Jan 29, 2008Apr 23, 2008Jul 28, 2008Oct 27, 2008Jan 29, 2009May 4, 2009Jul 30, 2009Oct 28, 2009Feb 4, 2010May 6, 2010Jul 29, 2010Oct 28, 2010Feb 3, 2011Apr 28, 2011Jul 21, 2011Oct 27, 2011Jan 31, 2012Apr 24, 2012Jul 24, 2012Oct 23, 2012Jan 29, 2013Apr 23, 2013Jul 23, 2013Oct 28, 2013Jan 28, 2014Apr 22, 2014Jul 28, 2014Oct 28, 2014Jan 29, 2015Apr 28, 2015Jul 27, 2015Oct 27, 2015Feb 16, 2016May 10, 2016Aug 9, 2016Nov 9, 2016Feb 28, 2017May 1, 2017Jul 31, 2017Oct 30, 2017Feb 28, 2018Apr 30, 2018Jul 30, 2018Oct 29, 2018Feb 4, 2019Apr 29, 2019Jul 29, 2019Oct 28, 2019Feb 3, 2020Apr 27, 2020Aug 3, 2020Oct 26, 2020Feb 1, 2021May 3, 2021Aug 2, 2021Nov 1, 2021Jan 31, 2022May 2, 2022Aug 1, 2022Oct 31, 2022Jan 30, 2023May 8, 2023Jul 31, 2023Oct 30, 2023Jan 29, 2024Apr 29, 2024Jul 29, 2024Oct 28, 2024Feb 10, 2025Apr 28, 2025Jul 28, 2025Nov 3, 2025Feb 19, 2026May 11, 2026Aug 12, 2026Nov 2, 2026
EPS Estimate0.040.040.050.060.060.070.020.02-0.01-0.04-0.040.010.010.060.170.230.210.130.28-0.26-0.52-0.47-0.23-0.15-0.13-0.09-0.19-0.20-0.14-0.12-0.09-0.02-0.010.02-0.030.130.09-0.05-0.03-0.02-0.01-0.010.040.100.070.100.120.150.140.170.160.170.050.020.060.050.060.070.070.090.090.110.100.120.020.070.070.080.010.020.050.070.030.020.040.030.040.04-0.01-0.01-0.02-0.040.030.06-0.05-0.20-0.080.01-0.050.020.010.05-0.05-0.070.210.08-0.05-0.13-0.050.150.03-0.000.030.130.040.090.100.150.090.130.010.10-0.010.040.220.370.050.020.050.110.120.130.13
EPS Actual0.030.050.080.110.090.080.020.03-0.11-0.12-0.040.030.060.130.230.330.280.13-0.08-0.30-0.77-0.37-0.20-0.14-0.14-0.09-0.22-0.19-0.15-0.11-0.070.02-0.040.01-0.030.170.05-0.03-0.04-0.02-0.04-0.040.100.130.070.110.150.190.170.160.170.200.040.030.050.070.060.090.090.110.090.090.110.120.030.060.070.09-0.020.050.070.080.030.020.060.060.050.05-0.050.01-0.11-0.27-0.010.08-0.14-0.20-0.01-0.14-0.010.050.040.11-0.05-0.040.250.12-0.10-0.060.030.200.040.050.090.160.080.160.130.170.120.12-0.060.13-0.070.080.260.450.110.090.120.140.170.14-
Surprise-25.00%25.00%60.00%83.33%50.00%14.29%0.00%50.00%-1000.00%-200.00%0.00%200.00%500.00%116.67%35.29%43.48%33.33%0.00%-128.57%-15.38%-48.08%21.28%13.04%6.67%-7.69%0.00%-15.79%5.00%-7.14%8.33%22.22%200.00%-259.00%-50.00%0.00%30.77%-44.44%40.00%-33.33%0.00%-300.00%-291.00%150.00%30.00%0.00%10.00%25.00%26.67%21.43%-5.88%6.25%17.65%-20.00%50.00%-16.67%40.00%0.00%28.57%28.57%22.22%0.00%-18.18%10.00%0.00%50.00%-14.29%0.00%12.50%-300.00%150.00%40.00%14.29%0.00%0.00%50.00%100.00%25.00%25.00%-447.00%200.00%-450.00%-568.50%-133.33%33.33%-180.00%0.00%87.50%-1544.00%80.00%150.00%300.00%120.00%0.00%42.86%19.05%50.00%-100.00%53.85%160.00%33.33%33.33%3671.43%200.00%23.08%100.00%77.78%30.00%13.33%33.33%-7.69%-680.00%30.00%-620.00%100.00%18.18%21.62%120.00%350.00%140.00%27.27%41.67%7.69%-
Timing----Pre-marketPre-marketPre-marketPre-market--------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap1.20B
Enterprise Value1.10B
Trailing P/E45.88
Forward P/E18.83
PEG Ratio1.84
Price / Sales2.71
Price / Book3.32
EPS0.24
Book Value3.31
Revenue (TTM)443.88M
Gross Profit (TTM)221.98M
EBITDA64.08M
Profit Margin-10.62%
Operating Margin18.03%
Return on Equity6.55%
Return on Assets4.70%
Shares Outstanding109.07M
Shares Float107.01M
Beta1.32
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 7 analystsTarget 16.14
  • Strong Buy
    2
  • Buy
    2
  • Hold
    2
  • Strong Sell
    1

Ownership Breakdown

Institutions
86.89%
Insiders
2.10%
Retail / Other
11.01%

Top Institutional Holders

  • BlackRock Inc
    19.17M17.57%
  • Vanguard Portfolio Management, LLC
    6.13M5.62%
  • State Street Corp
    4.86M4.46%
  • Vanguard Capital Management, LLC
    4.70M4.31%
  • American Century Companies Inc
    3.22M2.95%
  • Dimensional Fund Advisors, Inc.
    2.92M2.68%
  • Arnhold & S. Bleichroeder Advisers, LLC
    2.89M2.65%
  • Geode Capital Management, LLC
    2.79M2.56%
  • Arrowstreet Capital Limited Partnership
    2.20M2.01%
  • AllianceBernstein L.P.
    2.06M1.89%
  • Trigran Investments Inc
    1.90M1.74%
  • D. E. Shaw & Co LP
    1.88M1.73%
  • Two Sigma Investments LLC
    1.73M1.59%
  • Morgan Stanley - Brokerage Accounts
    1.69M1.55%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    6.61M6.06%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.42M3.14%
  • Avantis US Small Cap Value ETF
    3.32M3.04%
  • iShares Russell 2000 ETF
    2.85M2.62%
  • Vanguard Information Technology ETF
    2.71M2.48%
  • T. Rowe Price New Horizons
    1.89M1.73%

Stock Splits

  • Oct 15, 19992:1