Harmonic to Sell Video Business Segment to MediaKind for $145 Million
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago0mins
- Strategic Acquisition: Harmonic has announced a binding agreement with MediaKind to sell its Video Business segment for approximately $145 million in cash, with the transaction expected to close in the first half of 2026, allowing Harmonic to sharpen its focus on growth priorities in its virtualized broadband business.
- Capital Infusion: This transaction will deliver a healthy capital infusion to Harmonic, further bolstering its balance sheet and providing the financial flexibility needed to better serve its expanding customer base and enhance shareholder value.
- Core Focus: By divesting its Video Business, Harmonic will be able to concentrate on its core broadband segment, ensuring that the Video Business's customers and employees become part of an organization committed to the future of video delivery, thereby advancing the growth strategies of both companies.
- Innovation Acceleration: MediaKind's CEO noted that this acquisition would strengthen their R&D platform, significantly accelerating innovation, and together they would create a leading independent streaming infrastructure company, providing customers with a stronger and more reliable partnership.
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Analyst Views on HLIT
Wall Street analysts forecast HLIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HLIT is 14.00 USD with a low forecast of 14.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 9.580
Low
14.00
Averages
14.00
High
14.00
Current: 9.580
Low
14.00
Averages
14.00
High
14.00
Barclays
Tim Long
Equal Weight
maintain
$8 -> $11
2025-11-05
Reason
Barclays
Tim Long
Price Target
$8 -> $11
2025-11-05
maintain
Equal Weight
Reason
Barclays analyst Tim Long raised the firm's price target on Harmonic to $11 from $8 and keeps an Equal Weight rating on the shares. The company's Q3 beat expectations with both video and broadband, and its Q4 guidance came mostly in line with estimates, the analyst tells investors in a research note.
Rosenblatt
Rosenblatt
Buy
maintain
$11 -> $14
2025-10-01
Reason
Rosenblatt
Rosenblatt
Price Target
$11 -> $14
2025-10-01
maintain
Buy
Reason
Rosenblatt raised the firm's price target on Harmonic to $14 from $11 and keeps a Buy rating on the shares. After having attended the cable industry's key broadband show, SCTE TechExpo, the firm came away confident that many of the headwinds that had weighed on Harmonics results in the first half of the year have lifted, the analyst tells investors.
Barclays
Tim Long
Equal Weight
downgrade
$10 -> $8
2025-07-29
Reason
Barclays
Tim Long
Price Target
$10 -> $8
2025-07-29
downgrade
Equal Weight
Reason
Barclays analyst Tim Long lowered the firm's price target on Harmonic to $8 from $10 and keeps an Equal Weight rating on the shares. While the company's Q2 beat expectations with both video and broadband driving the upside, its Q3 guidance came in materially below estimates and its fiscal 2025 guidance was not reinstated, the analyst tells investors in a research note.
Needham
Buy
downgrade
$14 -> $12
2025-07-29
Reason
Needham
Price Target
$14 -> $12
2025-07-29
downgrade
Buy
Reason
Needham lowered the firm's price target on Harmonic to $12 from $14 and keeps a Buy rating on the shares. Cable upgrade spending continues to be "anemic," the analyst tells investors in a research note. The firm says Harmonic's fate lies with its two major customers, Comcast (CMCSA) and Charter (CHTR), who remain largely stalled.
See All Ratings
About HLIT
Harmonic Inc. is a provider of virtualized broadband and video delivery solutions, enables media companies and service providers to deliver video streaming and broadcast services to consumers globally. It provides broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets and smartphones. The Company operates through two segments: Video and Broadband. Its Broadband segment provides broadband access solutions and related services, including its cOS software-based broadband access solution, to broadband operators globally. Its Video segment provides video processing, production and playout solutions and services worldwide to broadband operators and satellite and telco Pay-TV service providers, and to broadcast and media companies, including streaming media companies. Its video business infrastructure solutions are delivered either through shipment of its products, software licenses or as software-as-a-service subscriptions.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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