The insider cluster is dominated by non-cash events and trivial open-market sales — no bearish signal. The strong Q1 earnings beat and raised guidance are the dominant catalysts. Monitor Q2 2026 for Video divestiture close and continued Broadband momentum. The lack of CEO/CFO open-market selling is a positive signal.
Price Chart
Executive Summary
Harmonic (HLIT) insiders executed a cluster of transactions following a strong Q1 2026 earnings beat and raised guidance. The cluster is dominated by non-cash derivative exercises and tax-withholding sales by the CEO, CFO, and other executives, with only two open-market sales totaling ~$478K (0.03% of market cap). The open-market sales are trivial relative to company size and likely reflect routine portfolio diversification, not a bearish signal. The strong earnings momentum and Video business divestiture support a neutral-to-positive outlook.
Key Financial Metrics
Key Facts
- Q1 2026 Broadband revenue of $121.7M, up 43% YoY; GAAP continuing ops EPS of $0.10 vs $0.02 YoY
- Full-year 2026 Broadband revenue guidance raised to $475M-$495M, above prior outlook
- Video business sale to MediaKind for $145M cash expected to close in Q2 2026
- Insider cluster includes 12 transactions: 6 derivative exercises ($0 value), 3 tax-withholding sales (~$233K), and 2 open-market sales (~$478K total)
- Open-market sales total ~$478K, representing ~0.03% of HLIT's $1.4B market cap — trivial
- Director Copeland sold $57K open-market; SVP Haltmayer sold $421K open-market (likely related to Video business divestiture)
- CEO and CFO exercised derivatives but did not sell any shares on the open market — no cash-out by top executives
Financial Impact
Open-market insider sales total ~$478K, or 0.03% of market cap — immaterial. Non-cash derivative exercises and tax-withholding transactions have $0 economic impact.
Risk Factors
- Video business divestiture could face regulatory or closing delays
- Broadband revenue growth may decelerate in H2 2026 if raised guidance proves aggressive
- Insider tax-withholding sales could recur on future vesting dates, creating modest selling pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HLIT-1779236608649 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $10.73 | awaiting T+60 | — | $10.20 (−4.94%) |
Jun 19, 2026 18w ago | Institutional Cluster | $14.96 $11.62 | ▼ −22.33% | ▼ −24.07% | $10.20 (−31.82%) |
Jun 17, 2026 18w ago | 8-K | $14.85 $12.00 | ▼ −19.19% | ▼ −22.34% | $10.20 (−31.31%) |
Jun 8, 2026 19w ago | 8-K | $13.41 $11.79 | ▼ −12.08% | ▼ −15.89% | $10.20 (−23.94%) |
May 18, 2026 22w ago | Insider Cluster | $12.30 $13.08 | ▲ +6.34% | ▲ +0.05% | $10.20 (−17.07%) |
May 18, 2026 22w ago | Insider Cluster | $12.30 $13.08 | ▲ +6.34% | ▲ +0.05% | $10.20 (−17.07%) |
May 18, 2026 22w ago | Insider Cluster | $12.30 $13.08 | ▲ +6.34% | ▲ +0.05% | $10.20 (−17.07%) |
May 18, 2026 22w ago | Insider Cluster | $12.30 $13.08 | ▲ +6.34% | ▲ +0.05% | $10.20 (−17.07%) |
May 11, 2026 24w ago | 8-K | $12.95 $11.68 | ▼ −9.81% | ▼ −14.19% | $10.20 (−21.24%) |
Apr 24, 2026 26w ago | DEFA14A | $10.49 $12.00 | ▲ +14.39% | ▲ +9.62% | $10.20 (−2.76%) |
US Market Status
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