Harmonic stock
HLITNASDAQHarmonic Inc., TechnologyISIN US4131601027
57Score 57 out of 100, Neutral
Price and trend
49 / 100
Price history
+2.0% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 9.6% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 55).
The price is 39% below its 52-week high. Largest decline in 20 years: 80% (October 2007 to May 2016).
Chart figures for advanced users
- SMA 50$10.80
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$11.58
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)55
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$8.85
- The lowest closing price of the last twelve months.
- Resistance$17.11
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Harmonic Inc. belongs to the Communication Equipment industry (United States) and, with a market value of $1.13B, is number 42 of 55 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $360.52M (down 46.9% year on year) and a loss of $43.31M.
- MEQIRI Score 57 out of 100 (Neutral): rank 496 of 854 in Technology, median 61.
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- Our model puts fair value at $14.87, with the price 30% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- More cash than debtCash $142.84M, financial debt $54.13M.Stability 67
- Below fair valuePrice 30% below the fair value of $14.87.Valuation 80
Weaknesses
- Loss-makingLoss of $35.19M over the last 12 months.Fundamentals 43
- DilutionShare count up 17% since 2020.Capital allocation 42
- Volatile share priceVolatility 54% a year over the last 12 months.Stability 67
Its standout strength is valuation, while fundamentals and capital allocation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 56 to 57.
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- weak fundamentals
- price far below its 52-week high
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $10.62 and expensive above $24.79 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 9.3%. At 10.3% the fair value would be $12.42, at 8.3% it would be $18.44.
Valuation metrics
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the quarter to 2 Oct 2026, revenue rose 4.5% on the same quarter a year earlier. Up to 2024 the bars include businesses that were later spun off or sold. On a comparable basis, as restated in the SEC annual reports, revenue grew 8.3% a year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 45%, operating 5%, net not measured.
Debt & balance sheet
latest quarterLow debt, and interest is adequately covered.
Earnings
- Next earnings
- 18 Feb 2027in 97 days
- Last reported
- 2 Nov 2026EPS reported $0.23 (expected $0.17)above expectations
Analyst estimates
Analysts have raised their 2026 earnings estimate by 13.0% since 15 Oct 2026.
- Earnings per share
- $0.81+13.0%
- Revenue
- $546.23M+5.4%
- Earnings per share
- $0.87+8.1%
- Revenue
- $602.71M+5.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +14.2%2026 outlook raised again: Broadband revenue of $505 million to $525 million (previously $475 million to $495 million), EPS of $0.67 to $0.75, gross margin of 51% to 52%.
“For the full year 2026, we expect broadband revenue between $505 million and $525 million, up $30 million or 6.2% from the midpoint of our prior guidance; gross margins between 51% and 52%, an improvement over prior guidance based on customer mix and the mitigation of supply chain impacts; operating profit between …”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 12 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $57,212 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Copeland StephanieSale
14 May 2026, Board
- Shares
- 4,300
- Price
- $13.31
- Value
- $57,212
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Harmonic
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 57
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Communication Equipment
The next larger and next smaller companies by market value
- CalixCALX $2.02B48
- BittiumBITTI.HE $1.29B62
- Arlo TechnologiesARLO $1.27B49
- Adtran NetworksADV.DE $1.2B40
- FrequentisFQT.VI $957.27M66
- InvisioIVSO.ST $949.25M69
- Vistance NetworksVISN $898.8M40
- Hexatronic GroupHTRO.ST $874.79M59
ETFs that hold Harmonic
Held by 13 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.07% | 0.30% | €2.31B |
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.06% | 0.39% | €1.49B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.06% | 0.10% | €395.74M |
Show 5 more
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.04% | 0.30% | €4.28B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.04% | 0.30% | €2.22B |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.02% | 0.30% | €185.82M |
| Invesco Global Buyback Achievers UCITS ETFBBCK | 0.02% | 0.39% | €190.04M |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.01% | 0.43% | €2.5B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 27 Oct 2026)
- Valuation signal Undervalued since 8 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.