Harmonic Inc (HLIT)

• Market cap: $1.23B
• 1 day: -1.22%
• 5 days: 2.73%
• 1 month: -15.50%
• 3 months: -15.09%
• 6 months: -24.70%
• Year to date: -19.57%
• 1 year: -21.38%
• 5 years: 58.20%
• 10 years: 33.67%
• Sector: Communication Services
• Industry: Radio & TV Broadcasting & Communications 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 filings by fund managers ($100M+ AUM)

161% more call options, than puts

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

18% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 33

2.69% more ownership

Funds ownership: 92.06% [Q3] → 94.75% (+2.69%) [Q4]

1% more funds holding

Funds holding: 223 [Q3] → 225 (+2) [Q4]

0% more funds holding in top 10

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

1% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 78

6% less capital invested

Capital invested by funds: $1.56B [Q3] → $1.46B (-$99M) [Q4]

Research analyst outlook

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

• Low target: $10 5% downside
• Avg. target: $12.13 15% upside
• High target: $14 33% upside

4 analyst ratings

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

Rosenblatt Steve Frankel 69% 1-year accuracy 20 / 29 met price target	14% upside $12	Buy Maintained	11 Feb 2025
Barclays Tim Long 55% 1-year accuracy 31 / 56 met price target	5% downside $10	Equal-Weight Maintained	11 Feb 2025
Northland Capital Markets Tim Savageaux 60% 1-year accuracy 18 / 30 met price target	19% upside $12.50	Outperform Maintained	11 Feb 2025
Needham Ryan Koontz 64% 1-year accuracy 69 / 107 met price target	33% upside $14	Buy Maintained	11 Feb 2025