NASDAQ: HLIT

Harmonic (HLIT) Stock Analysis & Forecast

Oct 12 close

$10.48−0.51 (−4.6%)

Gekko Brief

AI summaryOct 12 close

This week brings a cluster of product and partnership news for Harmonic. Cablenet, the second largest fixed network operator in Cyprus, has selected Harmonic's cOS virtualized broadband platform to modernize its DOCSIS access network and deliver multi-gigabit speeds. Harmonic also launched Recon, a new network monitoring product family developed with Comcast, and is showcasing its fiber broadband portfolio at Network X 2026. Alongside this, Rosenblatt reiterated a Buy rating with a $20.00 price target.

Harmonic shares closed at $10.48, down 4.6% on the day, sitting between the 50-day average of $11.68 and the 200-day average of $11.55, with the stock down 12.7% over one month and 23.3% over three months, though still up 5.3% over six months. The GekkoIndex reads 64.5, placing the stock in the Accumulation zone. Current price sits 13% below the Gekko Fair Value of $12.04.

Harmonic's next earnings report is scheduled for 2 November, 21 days away and within a typical 20-trading-day holding window; the prior quarter saw EPS of $0.17 against a $0.12 estimate with an 8.9% average absolute reaction historically. Seasonality over the next 20 trading days has averaged a 6.8% gain across 5 years, with gains in 4 of them. No insider, Congress, or unusual options activity appears in the current windows, though one trailblazer holder is noted. Analyst consensus across 6 firms stands at 4 buy and 2 hold ratings, with a consensus target of $16.14.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Harmonic price vs fair value

$12.04$10.48Oct ’25Apr ’26Oct ’26
Close $10.48200-day averageGekko Fair Value $12.04

Harmonic quick facts

Market cap
$1.14B
P/E ratio
42.6
Forward P/E
18.8
EPS, TTM
$0.26
Revenue, TTM
$443.9M
Profit margin
-10.6%
Dividend yield
—
Beta
1.34
Volume
1.37M avg 1.55M
1-year return
+1.8%
Typical daily move
±3.4%
Typical 20-day move
±7.9%
50-day average
$11.68
200-day average
$11.55
Next earnings
Nov 2 after close
Shares outstanding
109.1M
52-week range
$8.47$17.68

Harmonic swing-trade checklist

Harmonic scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $10.48 sits between the 50-day ($11.68) and 200-day ($11.55) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    64.5, Accumulation

    Reading 64.5 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    13.0% below

    Price is 13% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 21 days

    Reports on Nov 2, 2026, 21 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +6.8% on average

    From this point in the calendar, the next 20 trading days averaged +6.8% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Harmonic stock chart and price history

Harmonic closed at $10.48 on Oct 12, 2026, +1.8% over the past year, inside a 52-week range of $8.47 to $17.68.

Close50-day average200-day averageVolume
Harmonic share price, past year, with 50-day and 200-day moving averages and volume$12$14$16NovDecJan 2026FebMarAprMayJunJulAugSepOct10.48

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−12.7%
3 months
−23.3%
6 months
+5.3%
1 year
+1.8%
The full HLIT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open HLIT in Gekko

Follow Harmonic through every session

Put HLIT on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Harmonic

Harmonic provides software, hardware and related services that help companies deliver video to viewers around the world. It is widely known for equipment and platforms used to process, produce and distribute content, serving cable operators, satellite and telecom pay-TV providers, broadcasters and streaming media companies. Its tools support everything from live broadcasts to video-on-demand and recording services, reaching screens such as televisions, computers, tablets and phones.

The company works through two divisions. Its Video division covers processing equipment, encoders, servers and related software, along with cloud-based services for bundling and streaming content, including advertising insertion. Its Cable Access division focuses on CableOS software and cloud services built for cable operators. Harmonic also offers support services such as consulting, installation, system testing and training, and it reaches customers directly through its own sales force as well as through resellers and systems integrators.

Harmonic was founded in 1988 and is based in San Jose, California. Its shares are listed on the NASDAQ under the ticker HLIT.

Listed
NASDAQ
Sector
Electronic technology
Industry
Telecommunications equipment
Website
harmonicinc.com

Harmonic GekkoIndex: the smart money zone

Harmonic’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 64.5, in the Accumulation zone, up 4.9 points over five sessions.

010064.5Accumulation

Up 4.9 points over five sessions, from the Neutral zone.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying53+3.1%+4.6%+9.8%+5.4%
Accumulation (current zone)224+0.2%+0.9%+0.1%+4.9%
Neutral3730.0%−1.0%−1.1%−1.3%
Distribution28−2.0%+1.1%+4.8%−6.1%
Selling4Too few readings yet

Average HLIT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the HLIT price, zone by zone.Track HLIT in Gekko

Is Harmonic stock overvalued? Gekko Fair Value

Harmonic trades 13.0% below Gekko Fair Value of $12.04, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Harmonic shares are worth, recalculated every trading day.

$12.04

Gekko Fair Value, Oct 10, 2026

13.0% Undervalued

At the end of Aug 2026 the price was 20.1% below the estimate.

Gekko Fair ValueShare price, month end
$12$11Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open HLIT in Gekko

Harmonic insider and Congress trading

No open-market insider purchases were filed for Harmonic, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for HLIT in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every HLIT insider filing, plotted on the chart in Gekko.Open HLIT in Gekko

Congress trades last 90 days

No trades in HLIT were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for HLIT, plotted on the chart in Gekko.Open HLIT in Gekko

Buybacks

Harmonic has been buying back its own shares.

Bought back, quarter ended Jul 3, 2026
$1K
As a share of market cap
0.00%
Trailing four quarters
$71.88M

From company filings.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds HLIT.

0added1opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

Harmonic earnings: next date and track record

Harmonic reports on Nov 2, 2026, after the close (21 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±8.9%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+18.3%Jul ’24−24.9%Oct ’24−15.4%Feb ’25+2.4%Apr ’25−3.1%Jul ’25−2.5%Nov ’25+3.2%Feb ’26+1.1%May ’26

Last earnings call, May 11, 2026 AI summary

What they said
Harmonic reported a strong Q1 2026 with broadband revenue up 43% year-over-year to $121.7M, rest-of-market revenue up 78% YoY, record backlog and deferred revenue (bookings strong, backlog up 87% YoY), and EPS and operating profit above guidance. Management raised full-year broadband revenue guidance to $475M-$495M from $440M-$480M and highlighted continued momentum in DOCSIS 4.0 ramps, fiber growth, and an expanding intelligence layer. The company is proceeding with the sale of its video business (classified as held for sale) expected to close in Q2, repurchased $43M of stock, and emphasized diversification of customer base and geographic expansion (some wins in Taiwan, Europe, Latin America). Management noted supply chain headwinds (memory ~$6M net impact to H2 margins, potential constraints in CPUs, PCBs, switches/servers) and macro uncertainty (Middle East) and said they are being prudent in guidance. Management expressed confidence in demand and execution while being cautious on supply-side risks; Q&A was direct and management appeared measured and confident.
Guidance
Raised full-year 2026 broadband revenue guidance to $475 million - $495 million (previously $440M - $480M). Q1 results exceeded guidance (broadband revenue $121.7M vs guidance $100M-$105M; EPS $0.17 vs guidance $0.11-$0.12). No detailed segment-level guidance for fiber or rest-of-market provided; management remains conservative on full-year profile due to supply-chain and macro uncertainties.
Risks flagged
Supply chain constraints (memory causing ~ $6M net impact in second half margins; potential constraints in CPUs, PCBs, aluminum, switches, servers); macro/geopolitical uncertainty (Middle East); transaction and customary closing conditions for sale of video business; availability of third-party components may delay customer deployments; potential margin pressure from product ramps and mix shifts (software mix, new product ramp margins).
ReportedEPSSurpriseRevenueSurpriseMove
May 11, 2026$0.17
est $0.12
+41.7%$121.7M
est $102.2M
+19.1%+1.1%
Feb 19, 2026$0.14
est $0.11
+27.3%$98.24M
est $141.5M
−30.6%+3.2%
Nov 3, 2025$0.12
est $0.05
+140.0%$142.4M
est $127.9M
+11.3%−2.5%
Jul 28, 2025$0.09
est $0.03
+200.0%$138.0M
est $127.9M
+7.9%−3.1%
Apr 28, 2025$0.11
est $0.05
+120.0%$133.1M
est $127.5M
+4.4%+2.4%
Feb 10, 2025$0.45
est $0.37
+21.6%$222.2M
est $212.5M
+4.6%−15.4%
Oct 28, 2024$0.26
est $0.22
+18.2%$195.8M
est $181.9M
+7.6%−24.9%
Jul 29, 2024$0.08
est $0.04
+100.0%$138.7M
est $133.7M
+3.8%+18.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Harmonic stock forecast and analyst price targets

Analysts’ average 12-month price target for Harmonic is $16.14, +54.0% from the last close, from 6 firms rating the stock in the last 90 days.

$16.14consensus 12-month target, +54.0% from the last close
Low $15High $20
Buy4
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 6 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 17NeedhamBuy, maintained$18+71.8%
Sep 16Rosenblatt SecuritiesBuy, reiterated$20+90.8%
Sep 16Northland SecuritiesBuy, maintained$17+62.2%
Sep 16BarclaysHold, maintained$16+52.7%
Aug 13Northland SecuritiesBuy, reiterated$17+62.2%
+0.1%average 20-day move after past Accumulation readings
+6.8%average move over the next 20 trading days in the last 5 years
±3.4%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Harmonic seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Harmonic averaged +6.8% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+24.9%2021+0.1%2022+17.4%2023−11.2%2024+3.1%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+6.0%5 of 5
Next 10 trading days+7.5%5 of 5
Next 15 trading days+6.6%4 of 5
Next 20 trading days+6.8%4 of 5
Next 30 trading days+6.5%3 of 5

For scale, HLIT’s typical 20-trading-day move in either direction is about 7.9%.

Harmonic market cap and key statistics

Harmonic’s market cap is $1.14B, with a P/E ratio of 42.6 and revenue of $443.9M over the last twelve months.

Valuation

Market cap
$1.14B
P/E ratio
42.6
Forward P/E
18.8
EPS, TTM
$0.26
Gekko Fair Value
$12.04

Trading

Volume
1.37M
Avg volume, 20 days
1.55M
52-week high
$17.68
52-week low
$8.47
Shares outstanding
109.1M

Financials

Revenue, TTM
$443.9M
Profit margin
-10.6%
Return on equity
6.6%
Quarterly earnings growth, YoY
+31.9%

Risk and income

Beta
1.34
Typical daily move
±3.4%
Typical 20-day move
±7.9%

Harmonic peers

Harmonic’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
AAPLApple+0.8%Neutral29.3% above
CSCOCisco Systems−2.4%Neutral14.8% above
MSIMotorola Solutions+0.4%Accumulation1.2% below
CIENCiena−8.7%Neutral1.2% above
GRMNGarmin−0.2%Accumulation8.9% above
UIUbiquiti−5.1%Neutral14.9% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Harmonic stock FAQ

What is Harmonic’s market cap?

Harmonic’s market cap is $1.14B at the Oct 12, 2026 close of $10.48, with 109.1M shares outstanding. The shares trade on a P/E ratio of 42.6.

What is the Harmonic stock forecast?

The consensus analyst 12-month price target for Harmonic is $16.14, +54.0% from the last close. Of the 6 firms that rated the stock in the last 90 days, 4 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Harmonic stock overvalued or undervalued?

On Gekko’s estimate Harmonic is undervalued: the Oct 12, 2026 close of $10.48 is 13.0% below Gekko Fair Value of $12.04. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Harmonic report earnings next?

Harmonic is expected to report on Nov 2, 2026, after the market closes (21 days away). Analysts expect earnings of $0.17 per share on revenue of $129.5M. Harmonic beat the earnings estimate in 8 of its last 8 reports, moving 8.9% on average across the report.

What is Harmonic’s 52-week high and low?

Harmonic’s 52-week high is $17.68 and its 52-week low is $8.47; it closed at $10.48 on Oct 12, 2026, +1.8% over the past year. Over the last five years the shares peaked at $18.43 on Jun 21, 2023.

Is Harmonic stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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