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 Converged Broadband Solution Supports Internet Provider'sExpansion Efforts SAN JOSE, Calif., Sept. 29, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) and Comcast are joining forces to expand fiber broadband access as the Internet provider continues to expand its network into new markets. In 2024, Comcast expanded its network to more than one million new locations, with more than 1.2 million new locations planned by the end of 2025. Comcast is leveraging Harmonic's industry-leading cOS™ virtualized broadband platform and network edge devices as an integral part of its efforts to deliver multi-gigabit symmetrical broadband with low-lag to residential and commercial customers.
Speed Tests and Real-Time Analytics Shown at the Harmonic Booth atSCTE TechExpo25 Will Highlight Elevated Broadband Experiences Delivered toReal-World Customers SAN JOSE, Calif., Sept. 25, 2025 /PRNewswire/ -- At SCTE TechExpo25, Harmonic (NASDAQ: HLIT) and Mediacom Communications, the fifth-largest cable operator in the U.S., will showcase cutting-edge DOCSIS 4.0 technology in a live network delivering symmetric multi-gigabit speeds to real-world customers. The production deployment elevates DOCSIS 4.0 from the lab into an operational, field-deployed environment delivering extended spectrum capabilities, multi-gigabit speeds and enhanced upstream performance. These advancements are essentia
Mediacom Communications, together with ATX Networks, Harmonic, and Hitron, is proud to announce the first successful DOCSIS 4.0 customer deployment in Mediacom's Moline, Illinois system. This launch will allow Mediacom to deliver symmetrical multi-gigabit speeds to consumers and further demonstrate the versatility of the hybrid-fiber coaxial (HFC) network in place today. This partnership features ATX's ultra-high split GigaXtend® GMC Series 1.8GHz Amplifiers, Harmonic cOS™ virtualized broadband platform with Ripple modular DAA node, Harmonic Pebble-2 DOCSIS 4.0 Unified RPD and Hitron CODA60V, a DOCSIS 4.0 eMTA that supports multi-gigabit data and carrier-grade VoIP in a single device. The
SAN JOSE, Calif., Sept. 23, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that German broadband operator neu-medianet is making the leap to XGS-PON fiber broadband services with Harmonic's industry-leading cOS™ virtualized broadband platform. The cOS platform enables neu-medianet to overbuild its existing network and augment its DOCSIS footprint with XGS-PON for delivering symmetric multi-gigabit broadband services. Leveraging Harmonic's solutions, neu-medianet is building a future-ready broadband infrastructure to cost-effectively deliver a range of reliable, high-speed broadband services and grow its subscriber base.
Harmonic's Software-Based XOS Advanced Media Processor ProvidesUnparalleled Efficiency and Unlocks New Business Models SAN JOSE, Calif., Sept. 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that SKY Perfect JSAT Corporation (SJC), a leading satellite operator and pay-TV provider in Japan, has partnered with Harmonic to modernize its broadcast playout and delivery workflow. Leveraging Harmonic's award-winning software-based XOS Advanced Media Processor, SJC can cost-effectively deliver exceptional video quality to viewers and tap into new business models to drive revenue growth.
The next generation of Akamai Media Services Live is powered by Harmonic CAMBRIDGE, Mass., Sept. 12, 2025 /PRNewswire/ -- Akamai (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, and Harmonic (NASDAQ:HLIT), the worldwide leader in video delivery solutions, today introduced Akamai Media Services Live 5 (MSL5) powered by Harmonic. The new generation of MSL expands the platform's capabilities through the support of diverse media formats, advanced monetization, and improved viewing experiences. With MSL5, streaming service providers and broadcasters gain an elevated video delivery platform that is ideal for reliable, high-quality live streamin
Harmonic's cOS Platform Supports DOCSIS and Fiber, Enabling Midco to Deliver Reliable Multi-Gigabit Connectivity to Subscribers SAN JOSE, Calif., Sept. 10, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Midco, a leading broadband operator in the Midwest, is leveraging Harmonic's industry-leading cOS™ virtualized broadband platform to modernize its network and deliver reliable multi-gigabit connectivity to subscribers. Harmonic's solution provides Midco with a robust network foundation to support DOCSIS and fiber services, powering the operator's $500 million Fiber Forward investment, an expansive commitment that leverages the company's robust fiber network and next-gen fibe
Harmonic's VOS360 Ad SaaS Enables Personalized Ad Delivery and Seamless Integration with the Ad Tech Ecosystem SAN JOSE, Calif., Sept. 9, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Orbit Showtime Network (OSN), a leading entertainment network in the Middle East and North Africa (MENA), has partnered with Harmonic to monetize its video streaming channels. Harmonic's VOS®360 Ad SaaS enables OSN to deliver personalized ads at scale, elevating the network's revenue and ensuring an outstanding viewing experience for audiences across the region. "This collabor
Advanced Workflow Management Simplifies Streaming Operations and Lowers Costs SAN JOSE, Calif., Sept. 8, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced an advanced central management system for its hybrid streaming solution to simplify workflow operations across cloud and on-premises environments. The intelligent management system at the heart of Harmonic's hybrid streaming solution enables operators to seamlessly deploy and configure any video workflow, unlocking the full benefits and cost efficiencies of hybrid streaming architecture. "Hybrid streaming is rapidl
Harmonic's cOS Virtualized Broadband Platform Powers Multi-Gigabit Speedsand Future-Ready Network Enhancements SAN JOSE, Calif., Sept. 2, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced a landmark partnership with GCI, Alaska's largest telecommunications company, to modernize its extensive DOCSIS network and accelerate the delivery of high-speed broadband services across the state. Harmonic's industry-leading cOS™ virtualized broadband platform transforms GCI's existing infrastructure to deliver DOCSIS 4.0 services with faster speeds, greater reliability and enhanced scalability to GCI customers across Alaska.
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
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
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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
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Live finance-specific insights
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
SAN JOSE, Calif., Jan. 21, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its fourth quarter and full year 2024 financial results after the market close on Monday, February 10, 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.vevent.com/register/BI1b0ab6540ffa495a805e1e982151884e. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the we
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. "Our third quarter results demonstrated strong execution as we achieved record 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. "This strong quarterly performance coupled
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. 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.vevent.com/register/BI24dc955b30d3439abf656ef581cfa35c. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including
Revenue of $138.7 million up 14% quarter over quarter at high end of guidance Reaffirming Broadband and Video Full Year Revenue Guidance SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the second quarter of 2024. "Our second quarter revenue was at the high end of our guidance range while profitability in both businesses exceeded our expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "These results demonstrate strong execution in both our Broadband and Video businesses as
SAN JOSE, Calif., July 15, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its second quarter 2024 financial results after the market close on Monday, July 29, 2024. 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.vevent.com/register/BI0a4873336ead4b6c81df331d35635fb3. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including