Harmonic Inc (HLIT)

• Market cap: $1.05B
• 1 day: -4.77%
• 5 days: 2.39%
• 1 month: -6.36%
• 3 months: -20.88%
• 6 months: -22.45%
• Year to date: -31.35%
• 1 year: -16.39%
• 5 years: 54.83%
• 10 years: 28.10%
• Sector: Technology
• Industry: Communication Equipment

About: Harmonic Inc engaged in broadband access solutions that enable broadband operators to more efficiently and effectively deploy high-speed internet for data, voice, and video services for their customers and versatile and high-performance video delivery software, products, system solutions and services that enable its customers to efficiently create, prepare, store, playout and deliver a full range of high-quality broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smartphones. It has two segments, Broadband which provides broadband access solutions and related services, and Others; and Video business provides video processing and production and playout solutions and services, and Others.

Employees: 1,240

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

161% more call options, than puts

Call options by funds: $3.33M | Put options by funds: $1.28M

21% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 33

2.92% more ownership

Funds ownership: 91.86% [Q3] → 94.78% (+2.92%) [Q4]

2% more funds holding

Funds holding: 224 [Q3] → 228 (+4) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 4 (+0) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 79

6% less capital invested

Capital invested by funds: $1.56B [Q3] → $1.46B (-$95.2M) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 11% upside
• Avg. target: $11.88 32% upside
• High target: $14 56% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Rosenblatt Steve Frankel 50% 1-year accuracy 13 / 26 met price target	22% upside $11	Buy Maintained	29 Apr 2025
Needham Ryan Koontz 36% 1-year accuracy 39 / 107 met price target	56% upside $14	Buy Reiterated	29 Apr 2025
Barclays Tim Long 56% 1-year accuracy 33 / 59 met price target	11% upside $10	Equal-Weight Maintained	11 Feb 2025
Northland Capital Markets Tim Savageaux 30% 1-year accuracy 8 / 27 met price target	39% upside $12.50	Outperform Maintained	11 Feb 2025