Harmonic Inc.

Valuation Analysis

About the Company

Harmonic Inc. en bref

Harmonic Inc. (HLIT) is currently trading at 13,16 € with a market capitalization of 1,4 Md €. The trailing P/E ratio stands at 188.5x, with a forward P/E of 19.4x. The 52-week range spans from 6,81 € to 15,43 €; the current price is 14.7% below the yearly high. Year-over-year revenue growth stands at +43.4%.

💰 Dividende

Harmonic Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

7 analystes évaluent Harmonic Inc. (HLIT) au consensus : Acheter. L'objectif de cours moyen est de 13,34 €, soit un potentiel de +1.36% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 6,98 € à 17,45 €.

Harmonic Inc. : la thèse d'investissement en détail

Harmonic Inc. (HLIT) operates in the Technology — specifically Communication Equipment — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Top-line momentum is unusually strong with revenue expanding 43.4% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. The combination of a 48.29% gross margin and 16.8% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat.

Le scénario baissier

Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

The EV/EBITDA multiple of 39.39x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 19.4x is meaningfully below the trailing 188.5x — analysts expect earnings to step up; the next earnings release is the test.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Profil de risque

The data points to market-like volatility, elevated short interest (5.68%).

Trading Data

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