Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. 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 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 high-quality streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to any device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. 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. Harmonic Inc. was incorporated in 1988 and is headquartered in San Jose, California.
IPO Year: 1995
Exchange: NASDAQ
Website: harmonicinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/8/2025 | Underperform | Wolfe Research | |
| 2/21/2025 | Hold | Jefferies | |
| 10/29/2024 | Buy → Hold | Jefferies | |
| 10/29/2024 | $17.00 → $14.00 | Strong Buy → Outperform | Raymond James |
| 8/10/2023 | $15.00 → $16.00 | Outperform → Strong Buy | Raymond James |
| 1/9/2023 | $14.25 → $19.00 | Hold → Buy | Jefferies |
| 5/24/2022 | $15.00 | Buy | Rosenblatt |
| 4/21/2022 | $11.00 | Equal Weight → Overweight | Barclays |
| 11/2/2021 | $13.00 → $14.00 | Buy | Needham |
| 11/2/2021 | $11.00 → $12.00 | Outperform | Raymond James |
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Harmonic's XOS Advanced Media Processor Leverages AI-Powered Encoding to Deliver Exceptional Video Quality to Alcom Customers SAN JOSE, Calif., Feb. 25, 2026 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Alcom, a leading telco operator in Finland, is powering its next-generation white-label headend video service with Harmonic's award-winning XOS™ Advanced Media Processor. Leveraging Harmonic's media processor, Alcom is enabling mid-size operators across Finland and Sweden to deliver broadcast and streaming services with outstanding video quality and efficiency. The XOS media processor strengthens Alcom's market position by enabling the operator to expand its service portfolio,
Operators looking to streamline operations and modernize their HFC networks now have a powerful new advantage. ATX Networks and Harmonic have teamed up to deliver a seamless integration between ATX's GigaXtend™ GMC Series 1.8GHz Amplifiers and Harmonic's cOS™ Virtualized Broadband Platform, enabling operators to unify network management, reduce operational complexity and accelerate their path toward DOCSIS 4.0 — all within a single, intuitive environment. A Unified View of HFC Performance As operators scale capacity and introduce higher bandwidth tiers, maintaining consistent visibility across diverse systems becomes increasingly time consuming, costly and complex. ATX and Harmonic's in
Harmonic's cOS Virtualized Broadband Platform Is Simplifying Fiber Rollouts, Lowering Infrastructure Spend, and Delivering Exceptional Broadband ExperiencesSAN JOSE, Calif., Feb. 19, 2026 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) announced today that izzi, the largest MSO in Mexico and a subsidiary of the Televisa Group, has selected Harmonic's industry-leading cOS™ virtualized broadband platform as one of the solutions for its strategic fiber broadband expansion. As part of its broader technology ecosystem, Harmonic's broadband solutions will accelerate a transformative leap for izzi to deliver reliable fiber connectivity for residential and commercial customers across Mexico, setting a new be
Record quarterly Broadband bookings drove a 3.5 book-to-bill in Q4Previously announced sale of Video business proceeding as anticipatedSAN JOSE, Calif., Feb. 19, 2026 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2025. "We ended the year with extremely strong quarterly bookings across our Broadband business," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "These bookings drove a 3.5 book-to-bill for the quarter and a substantial year-over-year increase in back
SAN JOSE, Calif., Jan. 20, 2026 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its fourth quarter and full year 2025 financial results after the market close on Thursday, February 19, 2026. This date provides the company with sufficient time to complete the held-for-sale and discontinued operations accounting related to the previously announced pending sale of its Video business. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m. PT on the same day. To participate via telephone, please register in advance using this link, h
Harmonic's XOS Advanced Media Processor Improves Streaming Video Quality and Boosts Viewer Engagement SAN JOSE, Calif., Dec. 16, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Czech Television (Czech TV), the public broadcaster of the Czech Republic, has teamed up with Harmonic to modernize its video streaming workflow. By adopting Harmonic's award-winning software-based XOS Advanced Media Processor and moving transcoding operations in-house, Czech TV gains greater control and the ability to deliver exceptional-quality streaming experiences to millions of viewers.
Combined business will be the #1 independent comprehensive streaming-infrastructure platform Brings together complementary product teams to drive faster advancement across cloud and appliance technologies Furthers MediaKind's mission to redefine the future of media and entertainment through advanced video technology MediaKind, a global leader in cloud-based video streaming technology, today announced it has entered into an agreement to acquire the Video Business of Harmonic Inc. (NASDAQ:HLIT) for approximately $145 million. Following a French employee works council consultation process, the parties would immediately execute a purchase agreement, and the transaction would be expected
Strategic and transformative transaction would sharpen Harmonic's focus on its core Broadband business and advance its growth initiativesEnsures continued innovation and support for Harmonic Video customers under MediaKindAll cash transaction for approximately $145 millionConference call today, December 8, 2025, at 8:00 a.m. ETSAN JOSE, Calif., Dec. 8, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT), the worldwide leader in virtualized broadband and video delivery solutions, today announced it has received a binding offer from MediaKind, a global leader in cloud-based video streaming technology, to acquire its Video Business segment for approximately $145 million in cash. The transaction, which
SAN JOSE, Calif. and VIENNA, Dec. 3, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) and Normann Engineering today announced a major milestone in their strategic collaboration, celebrating 20 successful broadband deployments with leading operators across Europe. The partnership brings together Harmonic's industry-leading cOS™ virtualized broadband platform and suite of network devices with Normann Engineering's trusted engineering expertise to help operators modernize their networks, accelerate next-gen broadband rollouts and deliver exceptional subscriber experiences in highly competitive markets, including Austria and Germany.
Harmonic's cOS Platform Will Redefine Subscribers' Quality of Experience, Lowering Churn SAN JOSE, Calif., Dec. 2, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Telia, the second largest telecom operator in Norway, is modernizing its broadband network with the company's industry-leading cOS™ virtualized broadband platform. The Harmonic solution empowers Telia to deliver more reliable, higher speed connectivity, improve customer experience, reduce churn and support long-term revenue growth by accelerating its migration to DOCSIS 3.1. "We seized the opportunit
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Wolfe Research initiated coverage of Harmonic with a rating of Underperform
Jefferies resumed coverage of Harmonic with a rating of Hold
Jefferies downgraded Harmonic from Buy to Hold
Raymond James downgraded Harmonic from Strong Buy to Outperform and set a new price target of $14.00 from $17.00 previously
Raymond James upgraded Harmonic from Outperform to Strong Buy and set a new price target of $16.00 from $15.00 previously
Jefferies upgraded Harmonic from Hold to Buy and set a new price target of $19.00 from $14.25 previously
Rosenblatt initiated coverage of Harmonic with a rating of Buy and set a new price target of $15.00
Barclays upgraded Harmonic from Equal Weight to Overweight and set a new price target of $11.00
Needham reiterated coverage of Harmonic with a rating of Buy and set a new price target of $14.00 from $13.00 previously
Raymond James reiterated coverage of Harmonic with a rating of Outperform and set a new price target of $12.00 from $11.00 previously
Live Leadership Updates
DALLAS, July 21, 2025 /PRNewswire/ -- Civitas Capital Group is pleased to announce the appointment of Mine Ekim as Managing Director, Legal & Head of Investor Experience. With over 15 years of international legal and compliance expertise, Ms. Ekim will lead the firm's legal and regulatory strategy while driving enhancements in investor engagement and operational excellence. "We are delighted to welcome Mine to the Civitas leadership team. She is a true rock star in the EB-5 industry."In her new role, Ms. Ekim will oversee fund formation, regulatory and compliance matters, and
SAN JOSE, Calif., July 23, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it has expanded the company's board of directors with the appointment of Neel Dev. "I'm delighted to welcome Neel to our board," said Nimrod Ben-Natan, president and CEO of Harmonic. "His extensive finance and operational leadership experience in the telecom and broadband industries make him an excellent addition, as we continue to drive profitable growth in our broadband and video businesses globally." Mr. Dev currently serves as the chief financial officer and chief revenue officer of Cong
SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced that it has appointed Walter Jankovic as chief financial officer, effective immediately. Mr. Jankovic brings over 30 years of executive experience from a range of leading technology companies. He was most recently senior vice president and general manager, datacom business unit, at Lumentum, a provider of optical and photonic products. Prior to this, he served as president, optical connectivity, at Oclaro, Inc. (acquired by Lumentum). Previously, Mr. Jankovic served in a number of seni
Company Appoints Susan Swenson Executive Chairperson to Provide Oversight of the Senior Executive Leadership Team Internal Controls Strengthened as Board of Directors Implements Special Committee Actions Faraday Future Intelligent Electric Inc. ("Faraday Future" or the "Company") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that the special committee of independent Company directors (the "Special Committee") has completed its previously announced investigation into allegations of inaccurate disclosures, including claims contained in a short seller report issued during October 2021. Based on its work, the Special Commit
SAN JOSE, Calif., Aug. 5, 2021 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it has expanded the company's board of directors with the appointment of Dan Whalen. "I'm pleased to welcome Dan to our board," said Patrick Harshman, president and CEO of Harmonic. "With his senior management experience and extensive knowledge of the broadband and video industries, we look forward to Dan's contributions as we continue to grow our cable access and video businesses." Mr. Whalen is currently the President and CEO of ATX Networks, a global provider of network infrastructure sy
Live finance-specific insights
Record quarterly Broadband bookings drove a 3.5 book-to-bill in Q4Previously announced sale of Video business proceeding as anticipatedSAN JOSE, Calif., Feb. 19, 2026 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2025. "We ended the year with extremely strong quarterly bookings across our Broadband business," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "These bookings drove a 3.5 book-to-bill for the quarter and a substantial year-over-year increase in back
SAN JOSE, Calif., Jan. 20, 2026 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its fourth quarter and full year 2025 financial results after the market close on Thursday, February 19, 2026. This date provides the company with sufficient time to complete the held-for-sale and discontinued operations accounting related to the previously announced pending sale of its Video business. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m. PT on the same day. To participate via telephone, please register in advance using this link, h
Strategic and transformative transaction would sharpen Harmonic's focus on its core Broadband business and advance its growth initiativesEnsures continued innovation and support for Harmonic Video customers under MediaKindAll cash transaction for approximately $145 millionConference call today, December 8, 2025, at 8:00 a.m. ETSAN JOSE, Calif., Dec. 8, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT), the worldwide leader in virtualized broadband and video delivery solutions, today announced it has received a binding offer from MediaKind, a global leader in cloud-based video streaming technology, to acquire its Video Business segment for approximately $145 million in cash. The transaction, which
Both Broadband and Video exceeded expectations on revenue and profitability SAN JOSE, Calif., Nov. 3, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the third quarter of 2025. "Our third quarter results exceeded our expectations on revenue and profitability for both Broadband and Video," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "We saw stronger momentum in Broadband with certain customer orders being realized earlier than anticipated, and in Video our growth was led by SaaS. Looking ahead, as expected
SAN JOSE, Calif., Oct. 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its third quarter 2025 financial results after the market close on Monday, November 3, 2025. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m. PT on the same day.To participate via telephone, please register in advance using this link,https://register-conf.media-server.com/register/BI15f6a52a96984250b357958fe76332c8. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast,
Surpassed top end of revenue and profitability guidance for both Broadband and Video SAN JOSE, Calif., July 28, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the second quarter of 2025. "Our team delivered strong second quarter results with revenue and profitability in both our Video and Broadband businesses exceeding the high end of our guidance," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "We are seeing further momentum in Video and while we expect Broadband upgrade activity to persist at a moderate
SAN JOSE, Calif., July 14, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its second quarter 2025 financial results after the market close on Monday, July 28, 2025. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m. PT on the same day. To participate via telephone, please register in advance using this link, https://register-conf.media-server.com/register/BIb056948f450247ab97d84d9326ae54f8. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast,
Broadband gross margins and profitability exceeded expectations Strong Video results with revenue and profitability surpassing high end of guidance Robust cash flow generation resulted in cash balance of $149 million at quarter end SAN JOSE, Calif., April 28, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the first quarter of 2025. "Our first quarter results reflect strong execution as we exceeded expectations for Video revenue as well as gross margin and Adjusted EBITDA in both of our businesses," said Nimrod Ben-Natan, president an
SAN JOSE, Calif., April 14, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its first quarter 2025 financial results after the market close on Monday, April 28, 2025. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m. PT on the same day. To participate via telephone, please register in advance using this link, https://register-conf.media-server.com/register/BI7092d817d9e24be09ac0e1b9dc7a42fd. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast
Record total quarterly revenue, up 33% year over year, and record quarterly Adjusted EBITDA Doubles previous stock repurchase program to $200 million SAN JOSE, Calif., Feb. 10, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2024. "Harmonic achieved record quarterly total company revenue and Adjusted EBITDA, with both Broadband and Video revenue exceeding expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "The strong performance in Broadband de
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