Added to YB: 2026-05-27
Pitch date: 2026-05-24
HLIT [bullish]
Harmonic Inc.
-1.72%
current return
Author Info
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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
$1.6B
Pitch Price
$17.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.80
P/E
200.41
EV/Sales
4.21
Sector
Communications Equipment
Category
growth
The Transformation Play: Why Harmonic ($HLIT) Just Crossed a Critical Rubicon
HLIT: Virtualised broadband platform (cOS) unifies DOCSIS + fiber mgmt; Q1 rev $121.7M broadband (+43% YoY), ROM +78%, backlog $582M (+87%). FY26 guide raised to $475-495M rev. Divesting Video biz for $145M cash Q2. TAM: $1.1B cable + $2.6B fiber by 2030. Risks: 58% rev from 2 customers, margin compression to 50-51.5% on memory costs + product ramps, $10M stranded costs post-sale.
Read full article (10 min)