
Harmonic (HLIT) Stock Forecast & Price Target
Harmonic (HLIT) Analyst Ratings
Bulls say
Harmonic Inc. has demonstrated a notable year-over-year growth in net gross margins, which increased to 54.4%, supported by a favorable mix of higher-margin broadband products and expectations of further margin expansion due to a series of contract wins with cable operators. The company is set to benefit from the escalating investments in fiber-to-the-home (FTTH) and fixed wireless broadband by telecom operators, reflecting a strong demand for enhanced broadband services. Additionally, management projects sequential revenue growth in the near term, with an optimistic forecast for FY26 due to upcoming product ramp-ups with major clients like Comcast and Charter.
Bears say
Harmonic Inc. has reported a significant decline in non-Comcast revenue, falling 15% year-over-year to $81 million, attributed primarily to a slowdown in spending from Charter, despite potential growth from new clients like Mediacom and Astound. The company's guidance for fourth-quarter broadband revenue is projected at $90 million, which is 8% below consensus estimates and reflects a dip in new hardware sales, along with a continued pause in spending from Charter. Additionally, the video segment faces ongoing pressure during its transition to software and SaaS solutions, further compounded by fourth-quarter revenue guidance of $50 million, which also falls short of market expectations.
This aggregate rating is based on analysts' research of Harmonic and is not a guaranteed prediction by Public.com or investment advice.
Harmonic (HLIT) Analyst Forecast & Price Prediction
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