Harmonic Inc.
HLITTechnologyNASDAQCommunication Equipment
Scan Results
Daily timeframeHarmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. At a $1.64B market cap, Harmonic Inc. ranks as a small-cap company within technology. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.
Market Cap
$1.64B
Beta
1.24
P/E (TTM)
188.88
P/E (Fwd)
19.44
EPS (TTM)
$0.08
EPS (Fwd)
$0.78
ROE
2.1%
ROA
2.6%
Cash
$109.0M
Total Debt
$131.1M
Free CF
-$81.9M
52W Change
67.0%
Annual Financials
Cash vs Debt
On the balance sheet, HLIT has $109.0M in cash with $131.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$81.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 2.1% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.6% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $625.0M (2022) to $360.5M (2025), a 42% decline worth watching.
Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. No single metric tells the full story. Reviewing HLIT's risk profile alongside its fundamentals and technical indicators provides a more complete picture.