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 |
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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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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
Harmonic's Hybrid, AI-Powered and Live Sports Streaming Innovations are Key to Elevating Viewing Experiences, Boosting Monetization and Optimizing Costs SAN JOSE, Calif., July 15, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will showcase a collection of breakthrough innovations at IBC2025, reinforcing its leadership in video streaming and broadcast delivery. The company will spotlight hybrid cloud and on-premises streaming solutions, powerful AI-driven workflows, innovative ad insertion technologies and groundbreaking advancements in live sports streaming. These transformative solutions enable broadcasters and service providers to elevate viewer engagement, unlock new mone
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,
SAN JOSE, Calif., July 8, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced a record-breaking demonstration at the recent CableLabs® Interop event, setting a new industry benchmark for DOCSIS® 4.0 performance. Harmonic's market-leading cOS™ virtualized broadband platform delivered an impressive 14 Gbps of downstream throughput across a multi-vendor network. This milestone achievement underscores Harmonic's continued broadband innovation and leadership, empowering operators to meet multigigabit connectivity demands with outstanding reliability. "Interoperability testi
Harmonic's cOS Platform Enables Mediacom to Offer Multigigabit and Symmetrical Services with High Reliability, Lower Operating Costs and a Clear Path to Fiber SAN JOSE, Calif., June 23, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Mediacom Communications, the fifth-largest cable operator in the U.S., has chosen Harmonic's industry-leading cOS™ virtualized broadband platform to modernize its network. The cOS platform allows Mediacom to offer multigigabit and symmetrical speeds and an enhanced subscriber experience with DOCSIS 4.0 broadband services as well as gain the optionality to add fiber services. This strategic deployment supports Mediacom's shift to a distributed a
Advanced Integration Enables Exceptional Broadband Experiences for Latency-Sensitive Interactive Applications SAN JOSE, Calif., June 3, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced a collaboration to integrate CUJO AI® network intelligence software with Harmonic's market-leading cOS™ virtualized broadband platform. This advanced integration transforms broadband connectivity experiences for latency-sensitive interactive applications such as online gaming and video conferencing, empowering operators to deliver an exceptional, real-time quality of experience to subscribers. Harmonic and CUJO AI will showcase the new solution through a live, ultra-low-lag video conferencing demons
Harmonic's cOS Broadband Platform Enables World's First PTP-less Deployment to Fuel Vectra's Network Transformation and Enable Wholesale Fiber and DOCSIS Offerings SAN JOSE, Calif., June 2, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Vectra, one of the largest internet providers in Poland, has selected Harmonic's industry-leading cOS™ virtualized broadband platform to accelerate its multigigabit broadband service expansion, enable selective migration to deep fiber infrastructure and power its new wholesale fiber and DOCSIS offerings. This deployment marks the world's first implementation of Harmonic's PTP-less capability for distributed access architecture (DAA), setting
Groundbreaking New Node Accelerates the Delivery of Multigigabit Broadband Services in Brownfield MDUs SAN JOSE, Calif., May 28, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced the launch of its new SeaStar™ Optical Node, redefining broadband connectivity for lower-density multi-dwelling units (MDUs). The SeaStar node offers broadband operators an innovative solution that addresses one of the industry's most challenging use cases: providing cost-effective, rapid deployment of fiber-grade connectivity in brownfield, lower-density MDU environments. The groundbreaking
SAN JOSE, Calif., May 22, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that the company will demonstrate powerful broadband innovations at Fiber Connect 2025, designed to accelerate fiber rollouts and deliver multigigabit broadband services with unmatched flexibility and significant cost savings. Harmonic's market-leading cOS™ virtualized broadband platform and versatile portfolio of network edge devices empower operators to deliver brilliant broadband experiences and drive lasting subscriber growth. "The dynamics in the broadband industry have shifted — deliver
SAN JOSE, Calif., May 20, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that the company will showcase breakthrough broadband innovations at ANGA COM 2025. Powered by the market-leading cOS™ virtualized broadband platform, Harmonic's DOCSIS and fiber solutions provide multiple pathways to deliver fiber-grade broadband speeds with unparalleled service reliability, empowering operators to offer exceptional broadband experiences and earn subscriber loyalty. "As the demand for premium broadband connectivity intensifies, operators are under pressure to strategically e
Harmonic's VOS360 Media SaaS Streamlines Channel Origination, Playout and Disaster Recovery for Leading Service Provider in the Philippines SAN JOSE, Calif., May 19, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Cignal TV, a leading pay-TV provider in the Philippines, has expanded its partnership with Harmonic to modernize channel origination, playout and disaster recovery workflows. Running on the public cloud, Harmonic's VOS®360 Media SaaS enables Cignal TV to deliver premium video streaming and broadcast services to subscribers with unparallelled efficiency and reliability.
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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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
Results in Line with GuidanceReaffirming Broadband Full Year Revenue GuidanceIncreasing Full Year Video EBITDA Guidance SAN JOSE, Calif., April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the first quarter of 2024. "Our first quarter results were within our guidance range and largely driven by our Broadband business," said Patrick Harshman, president and chief executive officer of Harmonic. "Based on these results, our record backlog and deferred revenue, and our restructuring actions in Video to address market conditions and