Stocktoria
HARMONIC INC. HLIT
HARMONIC INC. (HLIT) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $360.5M at a -12.0% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -3.94 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.413 |
| Retained earnings / assets | -2.89 |
| EBIT / assets | 0.02 |
| Equity / liabilities | 1.143 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| HLIT | HARMONIC INC. | 3/9 | -5.38 | — | -26.2% |
| CRNT | CERAGON NETWORKS LTD | 3/9 | 0.98 | — | -14.1% |
| AVNW | AVIAT NETWORKS, INC. | 3/9 | -0.23 | 197.5 | +6.5% |
| GILT | GILAT SATELLITE NETWORKS LTD | 2/9 | 1.21 | 43.1 | +47.9% |
| CMTL | COMTECH TELECOMMUNICATIONS CORP /DE/ | 2/9 | -0.06 | — | -7.6% |
| BKSY | BlackSky Technology Inc. | 2/9 | -4.1 | — | +4.4% |
| BKTI | BK Technologies Corp | 6/9 | 7.87 | 23.5 | +12.5% |
About HARMONIC INC.
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. 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. It also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.
FAQ
Is HLIT financially healthy?
HARMONIC INC.'s Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does HLIT pay a dividend?
No, HARMONIC INC. does not currently pay a dividend.
How profitable is HLIT?
In FY2025, HARMONIC INC. had a net margin of -12.0% and a return on equity of -11.3%.
Is HLIT overvalued or undervalued?
HARMONIC INC. trades at about 36.4× trailing earnings — below its 10-year norm (10-year range 16.2×–89.7×, median 52.7×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for HLIT?
The average Wall-Street price target for HARMONIC INC. is $15.29, about 27.4% above the recent price, from 7 analysts (consensus: buy).
Is HLIT a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on HARMONIC INC.: a Piotroski F-score of 3/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.