Harmonic Inc. (HLIT)

Harmonic Inc.'s stock price declined by 22.59% between January 13, 2025, and January 9, 2026. On November 3, 2025, Harmonic announced Q3 2025 earnings, reporting an EPS of $0.12, surpassing estimates, but quarterly revenue decreased by 27.3% year-over-year. In December 2025, the stock broke below its 200-day moving average, and Harmonic received a binding offer from MediaKind to acquire its video business segment for approximately $145 million in cash. Insider trading activity in the past three months shows that Harmonic insiders have bought more shares than they have sold.

Harmonic has observed upward seasonality in Q4, although seasonality has been inconsistent recently. The company's backlog and deferred revenue of $504.5 million at the close of Q2 2025 underscore consistent customer demand. Harmonic anticipates revenue growth to resume in 2026, driven by Unified DOCSIS 4.0 adoption, recent customer wins, and increased investments in FTTH and fixed wireless broadband.

Harmonic Inc. specializes in virtualized broadband and video delivery solutions, operating through Broadband and Video segments. The Broadband segment offers software-based access solutions, including cOS software and cloud services. The Video segment provides video processing, production, and playout solutions to various service providers and media companies. Harmonic's product portfolio includes video compression solutions, storage and server products, cable edge QAM modules, and cloud-native software for OTT delivery. The company also provides technical support and professional services.

Harmonic Inc. is headquartered in San Jose, California, and provides broadband access solutions worldwide. The company sells its products globally through direct sales, resellers, and systems integrators. Its solutions are deployed by major cable operators, satellite distributors, telecommunications companies, and OTT platforms, with the majority of revenue generated from the United States.

Harmonic has maintained a generally positive brand perception, scoring higher than 97% of companies evaluated by MarketBeat and ranking 32nd out of 633 stocks in the computer and technology sector. Analyst ratings reflect a consensus "Hold" with several "Buy" recommendations, and an average twelve-month price objective of $13.13. The agreement to sell its video business segment to MediaKind is expected to reshape Harmonic's brand and strategic focus.

Harmonic Inc. has significant institutional ownership, with approximately 89.07% to 99.38% of its stock held by institutions such as BlackRock, Inc., and Vanguard Group Inc. Individual insiders own about 1.21% of the company's stock, and recent insider activity indicates more shares have been bought than sold.