HLIT

Harmonic Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
11.22
■ 0.00 (0.00%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
11.22
Day high
11.44
Day low
11.15
Volume
1.34M
Market cap
$1.22B
P/E (TTM)
43.15
52W range
8.47 – 17.68

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+6.35% +4.4%
1M
-4.75% -5.9%
3M
-18.28% -22.8%
6M
+19.62% +1.4%
YTD
+13.45% -0.8%
1Y
+4.96% -11.5%
3Y
+16.51% -65.7%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on HLIT open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+199.54K
Net buying
Buy transactions
18
235.61K shares
Sell transactions
2
36.07K shares
Net transactions
+20
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
2.00M
Total on file
Bought 235.61KSold 36.07K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 11, 26
JANKOVIC WALTER F.
Chief Financial Officer
— 1.46K — Direct
Sep 11, 26
BEN NATAN NIMROD
Chief Executive Officer
— 20.03K — Direct
Aug 14, 26
JANKOVIC WALTER F.
Chief Financial Officer
— 19.78K — Direct
Aug 14, 26
GLAHN RONALD J
Officer
— 4.04K — Direct
Aug 14, 26
BEN NATAN NIMROD
Chief Executive Officer
— 26.20K — Direct
Aug 14, 26
CHU TIMOTHY C
General Counsel
— 9.88K — Direct
Jul 15, 26
GLAHN RONALD J
Officer
— 3.75K — Direct
Jun 16, 26
HALTMAYER NEVEN
Officer
— 44.60K — Direct
Jun 11, 26
JANKOVIC WALTER F.
Chief Financial Officer
— 1.46K — Direct
Jun 11, 26
BEN NATAN NIMROD
Chief Executive Officer
— 20.03K — Direct
Jun 1, 26
HALTMAYER NEVEN
Officer
— 2.73K — Direct
May 22, 26
JANKOVIC WALTER F.
Chief Financial Officer
— 6.64K — Direct
May 15, 26
GLAHN RONALD J
Officer
— 4.04K — Direct
May 15, 26
JANKOVIC WALTER F.
Chief Financial Officer
— 19.79K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BEN NATAN NIMROD
Chief Executive Officer 747.98K Conversion of Exercise of derivative security
CHU TIMOTHY C
General Counsel 148.90K Conversion of Exercise of derivative security
COPELAND STEPHANIE
Director 20.75K Sale
CRANDALL DANA L
Director 25.05K Conversion of Exercise of derivative security
GLAHN RONALD J
Officer 44.46K Conversion of Exercise of derivative security
HALTMAYER NEVEN
Officer 161.36K Conversion of Exercise of derivative security
JANKOVIC WALTER F.
Chief Financial Officer 166.84K Conversion of Exercise of derivative security
KRALL DAVID A
Director 239.27K Conversion of Exercise of derivative security
REAUGH MITZI
Director 292.27K Conversion of Exercise of derivative security
WHALEN DANIEL T
Director 29.98K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$1.22B
Enterprise value$1.12B
Revenue (TTM)$443.88M
Gross profit$221.98M
EBITDA$64.08M
Net income$26.40M
EPS (TTM)$0.26
Free cash flow$71.00M
Total cash$231.86M
Total debt$130.12M
Book value / share$3.31
Shares outstanding109.07M
Float107.01M
Short % of float8.13%
Dividend yield0.00%
Beta (5Y)1.34

Valuation & profitability ratios

Account required
Trailing P/E43.15
Forward P/E13.89
PEG ratio1.84
Price / sales—
Price / book3.39
EV / revenue2.53
EV / EBITDA17.51
Gross margin50.01%
Operating margin18.03%
Profit margin-10.62%
Return on equity6.55%
Return on assets4.70%
Debt / equity36.11
Current ratio3.05
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $360.52M$488.20M$388.48M$624.96M -26.2%
Operating revenue $360.52M$488.20M$388.48M$624.96M -26.2%
Cost of revenue $185.78M$248.09M$210.36M$309.07M -25.1%
Gross profit $174.75M$240.11M$178.12M$315.88M -27.2%
Research & development $76.33M$72.57M$69.71M$120.31M +5.2%
Selling, general & admin $81.38M$79.17M$78.27M$146.72M +2.8%
Total operating expense $157.71M$151.74M$147.98M$267.02M +3.9%
Operating income $17.03M$88.36M$30.14M$48.86M -80.7%
Net interest income -$3.80M-$6.46M-$2.03M-$5.04M +41.2%
Pre-tax income $8.86M$71.54M$27.84M$44.48M -87.6%
Tax provision $7.64M$20.82M-$60.49M$16.30M -63.3%
Net income -$43.31M$39.22M$83.99M$28.18M -210.4%
Net income to common -$43.31M$39.22M$83.99M$28.18M -210.4%
Basic EPS -0.380.340.750.27 -211.8%
Diluted EPS -0.380.330.720.25 -215.2%
EBIT $12.66M$78.00M$29.87M$49.52M -83.8%
EBITDA $23.74M$90.14M$42.13M$61.78M -73.7%
Basic shares 113.66M115.12M111.65M105.08M -1.3%
Diluted shares 114.18M117.48M117.36M112.38M -2.8%

Options analytics

Account required
Put / call volume
0.37
Call-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
2.50
-77.7% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
67
Contracts, this expiry
Put volume
25
Contracts, this expiry
Heaviest call OI
30.00
462 contracts
Heaviest put OI
5.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.170.21 +24.7%
Mar 2026 0.120.17 +47.8%
Dec 2025 0.100.14 +42.9%
Sep 2025 0.050.12 +165.7%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.17 7 $128.39M -9.8%
Next quarter 0.12 3 $131.41M +33.8%
Current year 0.50 3 $516.65M +43.3%
Next year 0.81 7 $571.97M +10.7%

Analyst targets & ownership

Account required
Mean target$16.14
High target$20.00
Low target$8.00
Implied upside43.88%
Analyst count7
ConsensusBUY
Strong buy / Buy2 / 2
Hold2
Sell / Strong sell1 / 0
Held by insiders1.83%
Held by institutions86.08%
Institutions holding354
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
10.90
+2.96% from price
SMA 20
11.16
+0.57% from price
SMA 50
11.69
-4.06% from price
SMA 100
12.86
-12.77% from price
SMA 200
11.53
-2.68% from price
EMA 12
11.05
+1.54% from price
EMA 26
11.30
-0.74% from price
EMA 50
11.70
-4.08% from price
RSI (14)
48.1
Neutral
MACD (12,26,9)
-0.25
Hist 0.06
ATR (14)
0.37
3.28% of price
Realised vol 30D
36.2%
Annualised
Bollinger upper
11.93
20, 2σ
Bollinger lower
10.38
20, 2σ
50 / 200 cross
Golden
11.69 vs 11.53
Trend bias
Below 200
-2.68%

Options chain

Account required
Expiry
Spot 11.22
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.90
More volatile than market
Correlation to SPY
0.48
Loosely linked
Realised vol 30D
36.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-38.3%
Peak to trough
Max drawdown 5Y
-55.1%
Peak to trough
ATR 14
0.37
3.28% of price
Beta (reported)
1.34
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
6.31M
Prior 5.87M
Change vs prior
+7.5%
Shorts adding
% of float
8.13%
Normal
% of shares out
5.79%
Against total outstanding
Days to cover
4.8
Liquid
Float
107.01M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

131 on file
DateFirm ActionFromTo
Oct 1, 26 Rosenblatt MAINTAINED Buy Buy
Sep 16, 26 Rosenblatt MAINTAINED Buy Buy
Aug 13, 26 Barclays MAINTAINED Equal-Weight Equal-Weight
Aug 13, 26 Rosenblatt MAINTAINED Buy Buy
Jun 15, 26 Rosenblatt MAINTAINED Buy Buy
May 12, 26 Rosenblatt MAINTAINED Buy Buy
May 12, 26 Barclays MAINTAINED Equal-Weight Equal-Weight
May 12, 26 Needham MAINTAINED Buy Buy
Mar 27, 26 Rosenblatt MAINTAINED Buy Buy
Feb 20, 26 Rosenblatt MAINTAINED Buy Buy
Feb 20, 26 Needham MAINTAINED Buy Buy
Feb 12, 26 Rosenblatt MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2:1
Split dateOct 15, 1999

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.