Harmonic, Inc.

  • Market Cap: Small Cap
  • Industry: Telecom - Equipment & Accessories
  • ISIN: US4131601027
USD
9.58
-0.09 (-0.93%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

602.23 k

Shareholding (Mar 2025)

FII

9.64%

Held by 113 FIIs

DII

41.31%

Held by 64 DIIs

Promoter

0.77%

How big is Harmonic, Inc.?

22-Jun-2025

As of Jun 18, Harmonic, Inc. has a market capitalization of 982.81 million, with net sales of 689.80 million and a net profit of 53.25 million over the latest four quarters. The balance sheet shows shareholder's funds of 465.26 million and total assets of 802.93 million.

As of Jun 18, Harmonic, Inc. has a market capitalization of 982.81 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the company reported net sales of 689.80 million and a net profit of 53.25 million for the latest four quarters.<BR><BR>As of Dec 24, the balance sheet shows shareholder's funds of 465.26 million and total assets of 802.93 million.

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What does Harmonic, Inc. do?

22-Jun-2025

Harmonic, Inc. designs and sells video infrastructure products in the Telecom industry, with recent net sales of $133 million and a market cap of $982.81 million. Key metrics include a P/E ratio of 14.00 and a return on equity of 17.37%.

Overview:<BR>Harmonic, Inc. designs, manufactures, and sells video infrastructure products and system solutions in the Telecom - Equipment & Accessories industry, operating within the micro-cap market.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 133 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 6 Million (Quarterly Results - Mar 2025) <BR>Market-cap: USD 982.81 Million (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 14.00 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.03 <BR>Return on Equity: 17.37% <BR>Price to Book: 2.20<BR><BR>Contact Details:<BR>Address: 4300 N 1st St, SAN JOSE CA: 95134-1258 <BR>Tel: 1 408 4906242 <BR>Fax: 1 408 5422521 <BR>Website: http://www.harmonicinc.com

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Should I buy, sell or hold Harmonic, Inc.?

22-Jun-2025

Who are in the management team of Harmonic, Inc.?

22-Jun-2025

As of March 2022, the management team of Harmonic, Inc. includes Patrick Gallagher (Independent Chairman), Patrick Harshman (CEO), and several independent directors: Deborah Clifford, David Krall, Mitzi Reaugh, Susan Swenson, and Nikos Theodosopoulos. They oversee the company's strategic direction and operations.

As of March 2022, the management team of Harmonic, Inc. includes the following individuals:<BR><BR>- Mr. Patrick Gallagher, Independent Chairman of the Board<BR>- Dr. Patrick Harshman, President, Chief Executive Officer, Director<BR>- Ms. Deborah Clifford, Independent Director<BR>- Mr. David Krall, Independent Director<BR>- Ms. Mitzi Reaugh, Independent Director<BR>- Ms. Susan Swenson, Independent Director<BR>- Mr. Nikos Theodosopoulos, Independent Director<BR><BR>This team is responsible for overseeing the company's strategic direction and operations.

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Is Harmonic, Inc. overvalued or undervalued?

20-Sep-2025

As of July 28, 2025, Harmonic, Inc. is considered undervalued with a favorable valuation grade, reflected in its lower P/E ratio of 14 compared to peers, strong ROCE and ROE, and a positive long-term outlook despite recent struggles.

As of 28 July 2025, the valuation grade for Harmonic, Inc. has moved from fair to attractive, indicating a more favorable assessment of its stock. The company appears undervalued, particularly when considering its P/E ratio of 14, which is significantly lower than the peer average of 15.17 for similar companies like InterDigital, Inc. Additionally, Harmonic's EV to EBITDA ratio stands at 8.80, while its peers, such as Digi International, Inc., have a much higher ratio of 16.75, further supporting the undervaluation thesis. The company also boasts a strong ROCE of 25.18% and ROE of 17.37%, suggesting efficient use of capital.<BR><BR>In terms of peer comparison, Harmonic, Inc. is positioned favorably against InterDigital, Inc., which has a P/E of 43.22, and Digi International, Inc., which is considered expensive with a P/E of 34.86. Despite recent struggles, with a year-to-date return of -20.71% compared to the S&P 500's 12.22%, the long-term outlook remains positive, as evidenced by a 5-year return of 83.39%, albeit still trailing the S&P 500's 96.61%. This context reinforces the notion that Harmonic, Inc. is currently undervalued relative to its peers and historical performance.

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Is Harmonic, Inc. technically bullish or bearish?

05-Nov-2025

As of October 31, 2025, Harmonic, Inc. shows a bullish technical trend with mixed signals, having underperformed the S&P 500 year-to-date and over the past year.

As of 31 October 2025, the technical trend for Harmonic, Inc. has changed from mildly bullish to bullish. The weekly MACD is bullish, while the daily moving averages also indicate a bullish stance. However, the monthly MACD is only mildly bullish, and the Bollinger Bands show a bearish signal on the monthly timeframe. The KST is bullish weekly but bearish monthly, and there are no clear trends indicated by the Dow Theory or OBV.<BR><BR>In terms of performance, Harmonic has underperformed the S&P 500 across multiple periods, with a year-to-date return of -21.16% compared to the S&P 500's 16.30%, and a 1-year return of -4.84% versus 19.89% for the index. Overall, the current technical stance is bullish, but the strength is mixed due to the conflicting signals in the monthly indicators.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

Negative results in Jun 25

  • INTEREST(9M) At USD 5.22 MM has Grown at 92.05%
  • NET PROFIT(Q) Lowest at USD 5.08 MM
2

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Telecom - Equipment & Accessories

stock-summary
Market cap

USD 1,132 Million (Small Cap)

stock-summary
P/E

14.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.03

stock-summary
Return on Equity

16.72%

stock-summary
Price to Book

2.54

Revenue and Profits:
Net Sales:
138 Million
(Quarterly Results - Jun 2025)
Net Profit:
3 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-1.94%
0%
-1.94%
6 Months
1.27%
0%
1.27%
1 Year
-25.79%
0%
-25.79%
2 Years
-14.31%
0%
-14.31%
3 Years
-36.26%
0%
-36.26%
4 Years
-9.62%
0%
-9.62%
5 Years
38.84%
0%
38.84%

Harmonic, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
12.04%
EBIT Growth (5y)
77.95%
EBIT to Interest (avg)
6.40
Debt to EBITDA (avg)
1.71
Net Debt to Equity (avg)
-0.03
Sales to Capital Employed (avg)
1.17
Tax Ratio
30.81%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
10.04%
ROE (avg)
10.69%
Valuation key factors
Factor
Value
P/E Ratio
14
Industry P/E
Price to Book Value
2.41
EV to EBIT
9.76
EV to EBITDA
8.80
EV to Capital Employed
2.46
EV to Sales
1.53
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
25.18%
ROE (Latest)
17.37%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Bearish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 77 Schemes (48.18%)

Foreign Institutions

Held by 113 Foreign Institutions (9.64%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is -0.50% vs -11.09% in Jun 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 123.20% vs -881.25% in Jun 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "138.00",
          "val2": "138.70",
          "chgp": "-0.50%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "8.80",
          "val2": "8.10",
          "chgp": "8.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.30",
          "val2": "1.40",
          "chgp": "-7.14%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-2.30",
          "val2": "-20.50",
          "chgp": "88.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "2.90",
          "val2": "-12.50",
          "chgp": "123.20%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "44.60%",
          "val2": "35.00%",
          "chgp": "0.96%",
          "chgp_class": "positive"
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    "link": "annual",
    "btn_text": "All Annual Results",
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      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 11.65% vs -2.74% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -53.33% vs 197.87% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "678.70",
          "val2": "607.90",
          "chgp": "11.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "104.40",
          "val2": "35.90",
          "chgp": "190.81%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "7.30",
          "val2": "2.70",
          "chgp": "170.37%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-30.50",
          "val2": "-1.70",
          "chgp": "-1,694.12%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "39.20",
          "val2": "84.00",
          "chgp": "-53.33%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "136.00%",
          "val2": "38.90%",
          "chgp": "9.71%",
          "chgp_class": "positive"
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]
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
138.00
138.70
-0.50%
Operating Profit (PBDIT) excl Other Income
8.80
8.10
8.64%
Interest
1.30
1.40
-7.14%
Exceptional Items
-2.30
-20.50
88.78%
Consolidate Net Profit
2.90
-12.50
123.20%
Operating Profit Margin (Excl OI)
44.60%
35.00%
0.96%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is -0.50% vs -11.09% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 123.20% vs -881.25% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
678.70
607.90
11.65%
Operating Profit (PBDIT) excl Other Income
104.40
35.90
190.81%
Interest
7.30
2.70
170.37%
Exceptional Items
-30.50
-1.70
-1,694.12%
Consolidate Net Profit
39.20
84.00
-53.33%
Operating Profit Margin (Excl OI)
136.00%
38.90%
9.71%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 11.65% vs -2.74% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -53.33% vs 197.87% in Dec 2023

stock-summaryCompany CV
About Harmonic, Inc. stock-summary
stock-summary
Harmonic, Inc.
Telecom - Equipment & Accessories
Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. Its Cable Edge business sells cable edge solutions and related services to cable operators around the world. The Video segment offers a range of products and solutions, as well as software-based media processing platforms. The Company's Narrowcast Services Gateway (NSG) products are integrated edge gateway products that integrate routing, multiplexing, scrambling and modulation into a single package for the delivery of narrowcast services to subscribers over cable networks.
Company Coordinates stock-summary
Company Details
4300 N 1st St , SAN JOSE CA : 95134-1258
stock-summary
Tel: 1 408 4906242
stock-summary
Registrar Details