Harmonic (HLIT) Rides Globoplay Deal for Brazil’s Top Football Matches Is Global Reach the Key Edge?

• Globoplay, Brazil's largest video streaming platform, has announced it is using Harmonic's VOS360 Media SaaS technology to deliver over 300 live matches of the 2025 Campeonato Brasileiro Série A football championship, highlighting advanced low-latency streaming capabilities.
• This collaboration places Harmonic at the center of a high-profile Latin American sports media event, broadening its international footprint and showcasing its expertise in large-scale live streaming solutions.
• We'll explore how the Globoplay partnership, which boosts Harmonic's presence in international streaming, may impact its investment outlook.

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Harmonic Investment Narrative Recap

Owning shares in Harmonic means believing in the global expansion of advanced video streaming and broadband technologies, balanced against customer concentration risk and rapid technology shifts. The recent Globoplay partnership amplifies Harmonic’s profile in international sports media, validating its SaaS streaming capabilities, but on its own, it does not materially change the short-term catalysts, which are still driven by large broadband operator wins and revenue diversification; the main risk remains revenue volatility from overreliance on select major customers.

Among recent developments, Harmonic’s addition to multiple Russell indices stands out as a relevant milestone, reflecting broader market recognition and increased investor visibility. While this may help support share liquidity and market interest, the critical near-term growth and risk drivers continue to hinge on execution with key operators and sustaining innovation in SaaS and broadband platforms.

However, the concentration of customer revenue remains a key area investors should keep in mind, particularly if...

Read the full narrative on Harmonic (it's free!)

Harmonic's outlook anticipates $695.5 million in revenue and $70.6 million in earnings by 2028. This reflects a modest 0.3% annual decrease in revenue and a $2 million increase in earnings from the current $68.6 million.

Uncover how Harmonic's forecasts yield a $10.07 fair value, a 9% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community users set Harmonic’s fair value estimates between US$5.36 and US$12.10 (3 viewpoints). Still, with large revenue shares coming from a handful of customers, your expectations for near-term performance may depend heavily on contract stability and customer retention. Explore the range of views to see how different assumptions shape the outlook.

Explore 3 other fair value estimates on Harmonic - why the stock might be worth as much as 31% more than the current price!

Build Your Own Harmonic Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Harmonic research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Harmonic research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Harmonic's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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