Professional
Added to YB: 2026-02-19
Pitch date: 2026-02-18
HLIT [neutral]
Harmonic Inc.
+20.38%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.
Market Cap
$1.4B
Pitch Price
$10.55
Price Target
N/A
Dividend
N/A
EV/EBITDA
29.74
P/E
176.02
EV/Sales
3.70
Sector
Communications Equipment
Category
N/A
Pernas Research Passes On: Harmonic Inc.
HLIT (pass): Provides virtualized broadband tech for cable operators to manage networks via cloud vs legacy hardware. Enables faster speeds w/o full fiber overbuild - $200/sub upgrade vs $2k for fiber. DOCSIS 4.0 keeps hybrid fiber-coax competitive. Strategic positioning solid but valuation elevated given exposure to structurally challenged market. EV/EBITDA 13x.
Read full article (1 min)