HLIT
TechnologyHarmonic Inc. · Communication Equipment · $2B
What is Harmonic Inc.?
Harmonic Inc. is a San Jose-based technology company that delivers video processing software, hardware, and cloud solutions to broadcasters, cable operators, and streaming media providers worldwide.
Harmonic operates two segments: Video and Cable Access. The Video segment provides encoding, playout, and SaaS-based streaming solutions to pay-TV and media companies. The Cable Access segment offers CableOS, a software-based platform that helps cable operators modernize their network infrastructure using cloud-native technology.
Founded in 1995 and headquartered in San Jose, California.
- Video encoding and stream processing appliances
- SaaS streaming delivery platform (live, VOD, cloud-DVR)
- CableOS software-based cable access solutions
- Professional services and technical support
Is HLIT a Good Stock to Buy?
UQS Score rates HLIT as Below Average overall.
Risk and Valuation are the relative bright spots in HLIT's profile, suggesting the stock is not excessively priced relative to its fundamentals and carries a manageable risk profile compared to sector peers.
Quality and Moat both register as Weak, pointing to limited competitive differentiation and below-average business quality metrics.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does HLIT pay dividends?
No — Harmonic Inc. does not currently pay a dividend.
Harmonic does not currently pay a dividend. As a smaller technology company investing in cloud and software transitions, capital is directed toward product development and growth initiatives rather than shareholder distributions.
When does HLIT report earnings?
Harmonic Inc. reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Growth has been Neutral in UQS terms, reflecting a business in transition as it shifts toward software and SaaS models. Revenue mix and segment performance continue to evolve as CableOS adoption progresses.
For the most recent quarter's results, visit Harmonic Inc.'s investor relations page directly.
HLIT Price History
+55.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Harmonic Inc.?
Based on Harmonic Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Harmonic Inc. do?
Harmonic provides video delivery software, hardware, and cloud solutions. Its two segments — Video and Cable Access — serve cable operators, broadcasters, and streaming media companies globally, helping them encode, manage, and distribute video content across devices.
Does HLIT pay dividends?
No, Harmonic does not pay a dividend. The company reinvests available capital into its software and cloud product transitions rather than returning cash to shareholders through distributions.
When does HLIT report earnings?
Harmonic reports on a standard quarterly schedule. For the precise date of the next earnings release, check the investor relations section of Harmonic's official website.
Is HLIT a good stock to buy?
UQS Score rates HLIT as Below Average, driven by Weak Quality and Moat scores. Risk and Valuation are relatively more favorable. Investors should weigh these pillar signals carefully. The full breakdown is available to UQS Pro members.
Is HLIT overvalued?
The UQS Valuation pillar for HLIT is rated Good, suggesting the stock does not appear significantly overpriced relative to its fundamentals. Full valuation metrics are available inside the Pro dashboard.
What is HLIT's market cap bracket?
Harmonic Inc. is classified as a small-cap company, placing it in a segment of the market that can offer growth potential but often carries higher volatility and less analyst coverage than large-cap peers.
Is HLIT a long-term quality investment?
As a long-term quality indicator, HLIT's Below Average UQS Score — particularly its Weak Quality and Moat ratings — suggests caution. The Neutral Growth and Good Risk scores offer some balance, but the overall profile warrants close monitoring.
What sector does HLIT belong to?
Harmonic operates in the Technology sector, specifically within video infrastructure and cable access software. It serves media, broadcast, and telecommunications customers transitioning to cloud-based delivery models.
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Pro Analysis
HLIT — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 39.3 | 16.0 | 20.0 | 48.8 | 73.3 | 64.0 | -0.9 |
| May 7, 2026 | 40.2 | 23.6 | 20.0 | 46.0 | 68.0 | 66.2 | -0.2 |
| May 3, 2026 | 40.4 | 23.6 | 20.0 | 46.0 | 68.0 | 67.0 | -0.4 |
| Apr 19, 2026 | 40.8 | 23.6 | 20.0 | 46.0 | 68.0 | 69.8 | -0.2 |
| Apr 18, 2026 | 41.0 | 23.6 | 20.0 | 46.0 | 68.0 | 71.5 | -2.9 |
| Apr 16, 2026 | 43.9 | 24.5 | 20.0 | 46.0 | 68.0 | 89.3 | -0.1 |
| Apr 15, 2026 | 44.0 | 24.6 | 20.0 | 46.0 | 68.0 | 89.3 | +0.1 |
| Apr 14, 2026 | 43.9 | 24.4 | 20.0 | 46.0 | 68.0 | 89.3 | -0.1 |
| Apr 12, 2026 | 44.0 | 24.6 | 20.0 | 46.0 | 68.0 | 89.9 | -0.4 |
| Apr 10, 2026 | 44.4 | 24.7 | 20.0 | 46.0 | 68.0 | 91.9 | 0.0 |
HLIT — Pillar Breakdown
Quality
— 16.0/100 (25%)Harmonic Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 48.8/100 (20%)Harmonic Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 73.3/100 (15%)Harmonic Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 64.0/100 (15%)Harmonic Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Harmonic Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HLIT.
Score Composition
Financial Data
More Stock Analysis
How is the HLIT UQS Score Calculated?
The UQS (Unified Quality Score) for Harmonic Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Harmonic Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Harmonic Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.