Buy Or Sell Opportunity • May 29
Now 20% undervalued Over the last 90 days, the stock has risen 64% to €14.35. The fair value is estimated to be €17.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 7.1%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 622% in the next 2 years. Recent Insider Transactions • May 20
Senior VP & GM of Video Business recently sold €359k worth of stock On the 13th of May, Neven Haltmayer sold around 32k shares on-market at roughly €11.31 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €220k more than they bought in the last 12 months. 공시 • May 13
Harmonic Inc. Raises Earnings Guidance for the Full Year 2026 Harmonic Inc. raised earnings guidance for the full year 2026. For the period, the company expects net revenue of $475 million to $495 million, Operating Profit $64 million to $78 million, net income of $40 million to $50 million and Net Income per share of $0.36 to $0.45. 공시 • May 12
Harmonic Inc. Provides Earnings Guidance for Second Quarter of 2026 Harmonic Inc. provided earnings guidance for second quarter of 2026. For the period, the company expects net revenue of $115 million to $125 million, Operating Profit $18 million to $23 million, net income of $11 million to $15 million and Net Income per share of $0.10 to $0.14. 공시 • May 08
Harmonic Inc Announces Latest Broadband Innovations Harmonic Inc. announced its latest broadband innovations for ANGA COM 2026, highlighting its vision for a new era of connectivity defined by exceptional subscriber experiences, intelligent automation and flexible evolution across fiber and DOCSIS networks. Powered by Harmonic's cOS virtualized broadband platform and a robust ecosystem of network devices, these innovations enable operators to deliver reliable, low-latency multi-gigabit connectivity while maximizing the value of existing infrastructure and creating practical pathways to both DOCSIS evolution and fiber expansion. Harmonic will showcase several innovations at ANGA COM that empower broadband service providers to leverage proactive, AI-driven network operations. Harmonic will showcase a new AI-powered network operations intelligence solution that enables broadband operators to shift from reactive maintenance to proactive performance. Harmonic's approach augments decision making with data-powered insights that allow service providers to transform operations and deliver an exceptional subscriber experience. Harmonic's Beacon intelligent speed maximizer (ISM) application for DOCSIS networks improves spectrum efficiency and optimizes bandwidth utilization to deliver faster, more consistent service to every subscriber, regardless of network conditions. Harmonic's Pathfinder complements Beacon ISM to boost upstream service quality by dynamically allocating bandwidth for faster performance and greater per-subscriber capacity. These innovative solutions maximize broadband network efficiency and empower service providers to deliver consistently high-quality connectivity experiences. Harmonic's fiber solutions support operators' unique fiber roll out strategies that bring dependable multi-gigabit services to any location. Harmonic's new Pearl-1XL R-OLT module integrates eight Combo PON (GPON/XGS) ports and is housed in an outdoor node purpose-built for demanding outside plant environments. The solution addresses remote infrastructure challenges such as power constraints and uplink reliability. Harmonic's new Fin-Lite and Fin-2 adds to the company's Fin SFP based OLT family managed by the cOS virtualized core. Harmonic will demonstrate 50G PON capabilities powered by the cOS core. Harmonic's Open ONT framework empowers operators to choose the CPE that best aligns with their network strategy for greater flexibility and long-term agility. Harmonic's cOS broadband platform enables seamless network upgrades to DOCSIS 4.0 that enable operators to deliver competitive multi-gigabit services while extending the life of existing infrastructure. The cOS platform simplifies the monitoring and management of smart amplifiers, speeding up RCA and proactively reducing service impacting issues. Harmonic's SeaStar optical node enables efficient fiber-grade connectivity in brownfield lower-density MDUs. The SeaStar node enables broadband operators to capture new market share by delivering multi-gigabit connectivity without costly infrastructure changes, complex permits and service delays. 공시 • May 02
Harmonic Inc Unveils Game-Changing Innovations At Fiber Connect 2026 Harmonic announced it will showcase major innovations at Fiber Connect 2026 that empower fiber service providers to proactively manage network operations at scale, extend reliable fiber deployment to any location and eliminate complex back-office integrations across multi-vendor and multi-system environments. Addressing key fiber industry challenges, these Harmonic innovations enable operators to act before network problems arise, scale without operational bottlenecks and expand into new markets — driving stronger performance, lower costs and boosted growth. At Fiber Connect 2026, Harmonic will showcase a new game-changing AI-powered network operations intelligence solution that enables fiber service providers to radically shift from reactive maintenance to proactive performance. Harmonic's approach augments decision making with data-powered insights that allow fiber operators to transform operations and deliver an exceptional subscriber experience that drives long-term subscriber loyalty. Harmonic is empowering fiber service providers to expand their service footprint and capture new market share in lower-density and rural areas that were previously considered too costly or high-risk. Harmonic's new Pearl-1XL R-OLT module integrates eight Combo PON (GPON/XGS) ports and is housed in an innovative new outdoor node purpose-built for demanding outside plant environments. It directly addresses remote infrastructure challenges such as power constraints and uplink reliability, enabling more dependable service delivery in hard-to-reach locations. Delivered at a fraction of the cost of traditional outdoor cabinets, the solution lowers upfront and ongoing costs, accelerates fiber service roll out and enables operators to confidently expand fiber services. Additionally, Harmonic's new Jetty-3 hardened remote node switch module reduces fiber utilization by up to 12x, allowing operators to do significantly more with existing infrastructure. The Jetty-3 supports 12x 25G downlinks and 2x100G uplinks, as well as high-powered long-range coherent optics, enabling operators to reach greater distances without additional fiber runs. Operators gain the ability to connect more devices, activate more services and serve more subscribers without the cost of laying additional fiber. Harmonic is bringing a new transformational back-office fiber integration solution to Fiber Connect. The platform enables fiber operators to connect, automate and unify orchestration and management across disparate multi-vendor back-office and network systems, eliminating the need for costly, time-consuming custom projects to manage fiber networks. Built on a low-code architecture, it allows operators to deploy integrations in weeks rather than months, reduce order fallout, automate service activation, provide service assurance and establish a unified operational view across the entire network. The platform works alongside Harmonic's fiber solutions, but is equally powerful deployed as a standalone offering, making it relevant for operators running any combination of network technologies and vendors. Harmonic will introduce Fin-Lite and Fin-2, the newest additions to its Fin SFP based OLT family managed by the cOS™ virtualized core. Fin-Lite is optimized for cost-efficient GPON deployments, while Fin-2 brings Combo PON (GPON/XGS-PON) capability to the same port — enabling operators to serve subscribers without duplication. The Fin family's pay-as-you-grow model preserves a clear upgrade path to 50G PON and beyond. Harmonic is also contributing thought leadership to key industry discussions at Fiber Connect. Hy Huynh, vice president of fiber products, will take the stage to share strategies for MDU deployment success during the panel "Actionable Blueprints for Practical, Scalable, and Repeatable MDU Deployment Plans" on Tuesday, May 19 at 8:00 a.m. Harmonic's market-leading cOS platform powers next-generation broadband services through nearly 41 million CPE devices worldwide for operators in North America, Europe, Latin America and Asia. 
