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StockVS

NASDAQ · Communication Equipment · USD

Harmonic Inc. (HLIT) Stock Analysis

Harmonic Inc. (HLIT) is a Communication Equipment stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

HLIT

$10.73

−$0.35 (−3.16%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HLIT Key Statistics

As of Oct 21, 2026
Trading
Open
$11.20
Previous Close
$11.08
Day's Range
10.68–11.29
52-Week Range
8.47–17.68
Volume
1.73M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.34
Valuation
Market Cap
$1.17B
P/E Ratio
41.27
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
13.28
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.84
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.64
EPS (ttm)Profit attributable to each share over the last twelve months.
0.26
Financials (FY)
Revenue (FY)
$360.52M−26.15%
Net Income (FY)
−$43.31M−210.44%
Profit marginThe share of revenue left as profit after all costs and taxes.
−10.62%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
109.07M
1-Year Return
+3.87%
Dividend and dates
Earnings Date
November 2, 2026
Avg Volume
1.52M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, HLIT closed at $10.73, +3.87% over 1 year.

Harmonic Inc. (HLIT) has a market capitalization of $1.17B.

In fiscal 2025, HLIT reported revenue of $360.52M.

HLIT Stock Return by Calendar Year

Harmonic Inc. (HLIT) 10-year return: what $10,000 became

1 year
$10,000 $10,387
+3.87%
5 years
$10,000 $11,439
+14.39%
10 years
$10,000 $19,688
+96.88%

If you had invested $10,000 in Harmonic Inc. (HLIT) 10 years ago, at the close on October 21, 2016, it would have been worth $19,688 at the close on October 21, 2026: +96.88% in total, +7.01% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+8.49%
2025−25.25%
2024+1.46%
2023−0.46%
2022+11.39%
2021+59.13%
2020−5.26%
2019+65.25%
2018+12.38%
2017−16.00%
2016 (partial year)+53.37%

As of October 21, 2026.

HLIT Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$360.52M−$43.31M−12.0%
2024$488.20M$39.22M8.0%
2023$388.48M$83.99M21.6%
2022$624.96M$28.18M4.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$360.52M$174.75M$17.03M−$43.31M−12.0%
2024$488.20M$240.11M$88.36M$39.22M8.0%
2023$388.48M$178.12M$30.14M$83.99M21.6%
2022$624.96M$315.88M$48.86M$28.18M4.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HLIT Valuation vs Communication Equipment Median

Median of 50 stocks
MetricHLITCommunication Equipment medianvs median
P/E41.2737.6310% above
P/S ratio2.642.3114% above
Profit margin−10.62%−0.64%10.0 pts below

Medians across 50 Communication Equipment stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Harmonic Inc. (HLIT) carries a market capitalisation of $1.17B. The company sits in the Technology sector, in the Communication Equipment industry. The company reports 552 employees.

The most recent close on file for HLIT is $10.73, dated October 21, 2026. That is −$0.35 (−3.16%) against the previous close. The 52-week range on file runs from $8.47 to $17.68. The latest close sits 26.68% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $360.52M. That is −26.15% against the prior fiscal year, when revenue was $488.20M. The same year closed with a net loss of $43.31M. Profit margin runs at −10.62%. That is 10 percentage points below the Communication Equipment median of −0.64%. Trailing earnings per share are 0.26.

Across the 4 fiscal years on file, revenue moves from $624.96M in 2022 to $360.52M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 41.27 times earnings. That is 9.69% above the Communication Equipment median of 37.63. The forward P/E on file is 13.28. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.84. Measured against sales, the shares trade at 2.64 times revenue. On price-to-sales that is 14.22% above the Communication Equipment median of 2.31. 50 Communication Equipment companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is +3.87%. Across 10 years the annualized return works out at +7.01%. The reported beta is 1.34. Daily returns over the trailing 10 years annualize to a volatility of 49.79%.

Growth & Income

No dividend is on file for HLIT.

So far in 2026 the total return is +8.49%. The strongest complete calendar year on file is 2019 at +65.25%; the weakest is 2025 at −25.25%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Harmonic Inc. (HLIT) operates in the Communication Equipment industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Harmonic Inc. HLIT $1.17B 41.3
Cisco Systems, Inc. CSCO $422.88B 32.2
Motorola Solutions, Inc. MSI $77.37B 36.8
Hewlett Packard Enterprise Company HPE $77.22B 30.0

The Communication Equipment industry average P/E ratio is 37.6x. Harmonic Inc. trades at a P/E of 41.3.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Harmonic Inc.

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. It also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.

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