Added to YB: 2026-05-28
Pitch date: 2026-05-26
HLIT [bullish]
Harmonic Inc.
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
$1.8B
Pitch Price
N/A
Price Target
85.00 (+591%)
Dividend
N/A
EV/EBITDA
37.53
P/E
222.83
EV/Sales
4.67
Sector
Communications Equipment
Category
growth
LONG 5x Stock Opportunity
HLIT: Pure-play broadband software leader w/ >95% mkt share in virtualized CCAP. Q1 rev $121.7M (+43% YoY), beat by 16%; backlog $582M (+87% YoY). DOCSIS 4.0 mandatory upgrade cycle (Charter $5.5B, Comcast/Cox ramping). Video sale Q2 2026 for $145M cash. 52% gross margin expanding. 2026 FCF est $110-130M. Trades 3.5x fwd rev vs peers 4-6x. Path to 5x on 20-30% CAGR + margin expansion + multiple re-rating by 2030-31.
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