HLIT
Harmonic Inc. Information Technology Radio & Tv Broadcasting & Communications Equipment Russell 3000
$10.23Close
$1.1BMarket cap
$8.85 – $17.1152-week range
Nov 2, 2026Next report · after the close
Highlights
Cautions
- Not in an uptrend 2 of 8 trend conditions
- Lagging the market RS 31 · weaker than 69% of stocks over 12 months
- Far from its high 40% below its 52-week high
- Earnings shrinking EPS −184% year on year
- Results soon Nov 2, 2026, in 1 day
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
40%
1wk
up 1.8%
price change
1mo
down 3.1%
price change
12-month return
down 4%
market up 11% ·
its own down 12%
F-score
5 / 9
Mixed
Altman Z
-0.95
Elevated risk
P/E
935.4×
price / earnings
PEG
—
P/E / EPS growth
P/B
3.0×
price / book
Earnings yield
up 1.3%
EBIT / enterprise value
Cheaper than
57%
of the market · around average
Revenue growth
down 26%
year on year
EPS growth
down 184%
latest quarter · -214 pts
Sales growth
up 54%
latest quarter · +10 pts
ROE
0%
return on equity
Free cash margin
up 27%
$96.9M FCF
D/E
0.28
long-term debt / equity
Net debt / EBITDA
-1.1×
net cash
Interest cover
—EBIT / interest
Piotroski tests
- profitability slipped from last year
- short-term liquidity weakened
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profits backed by cash
- reduced long-term debt
- no new shares issued
Trade setup
ATR%
4.4%
$0.45 a day · 2×ATR $9.32
RS
31 / 99
vs the universe
Trend
2 / 8
trend template
Relative volume
0.9×
vs 50-day average
Up/down volume
1.19
50 sessions
Implied move
—
no option chain · report Nov 2, 2026
Trend template · 2 of 8
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Revenue shrinking Revenue fell 26.2% over the year, from $488.2M to $360.5M.
Last reported
Aug 12, 2026
Results reaction
Aug 12, 2026+13% vs market2 sessions after results
Financials
- Gross 48%
- Net 0%
- Free cash 27%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $378.8M | $507.1M | $625.0M | $388.5M | $488.2M | $360.5M |
| Gross margin | 51% | 51% | 51% | 46% | 49% | 48% |
| Operating income | -$12.4M | $18.8M | $45.5M | $30.0M | $74.7M | $14.1M |
| Net income | -$29.3M | $13.3M | $28.2M | $84.0M | $39.2M | $1.2M |
| Net margin | -8% | 3% | 5% | 22% | 8% | 0% |
| Earnings per share | -$0.30 | $0.12 | $0.25 | $0.72 | $0.33 | $0.01 |
| Free cash flow | $7.0M | $28.0M | -$3.8M | -$1.4M | $52.7M | $96.9M |
| Free cash margin | 2% | 6% | -1% | -0% | 11% | 27% |
| Cash | $98.6M | $133.4M | $89.6M | $84.3M | $101.5M | $124.1M |
| Long-term debt | $21.8M | $18.0M | $15.9M | $0 | $112.1M | $109.1M |
| Shareholders' equity | $258.3M | $295.9M | $324.5M | $436.9M | $465.3M | $383.2M |
| Shares outstanding | 98.20m | 102.96m | 109.87m | 112.41m | 116.73m | 111.19m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 17, 2026 | Quarterly ↗ | Jul 3, 2026 | 45d |
| May 13, 2026 | Quarterly ↗ | Apr 3, 2026 | 40d |
| Feb 24, 2026 | Annual ↗ | Dec 31, 2025 | 55d |
| Nov 4, 2025 | Quarterly ↗ | Sep 26, 2025 | 39d |
| Aug 1, 2025 | Quarterly ↗ | Jun 27, 2025 | 35d |
| May 1, 2025 | Quarterly ↗ | Mar 28, 2025 | 34d |
| Feb 14, 2025 | Annual ↗ | Dec 31, 2024 | 45d |
| Nov 1, 2024 | Quarterly ↗ | Sep 27, 2024 | 35d |
| Aug 2, 2024 | Quarterly ↗ | Jun 28, 2024 | 35d |
| May 2, 2024 | Quarterly ↗ | Mar 29, 2024 | 34d |
| Feb 16, 2024 | Annual ↗ | Dec 31, 2023 | 47d |
| Nov 3, 2023 | Quarterly ↗ | Sep 29, 2023 | 35d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 12, 2026 | Results ↗ |
| Jun 17, 2026 | Acquisition or disposal · Director or officer change ↗ |
| Jun 8, 2026 | Regulation FD ↗ |
| Jun 5, 2026 | Shareholder vote ↗ |
| May 11, 2026 | Results ↗ |
| Apr 2, 2026 | Director or officer change ↗ |
| Mar 23, 2026 | Material agreement ↗ |
| Mar 11, 2026 | Regulation FD ↗ |
| Feb 19, 2026 | Results ↗ |
| Feb 9, 2026 | Director or officer change ↗ |
| Dec 9, 2025 | Material agreement · Regulation FD ↗ |
| Nov 3, 2025 | Results ↗ |