Harmonic Inc

HLIT is in a confirmed Stage 4 decline with a clear lower-high/lower-low structure below key EMAs, enforcing a bearish medium-term bias. However, price is deeply oversold and extended, making immediate sell-side timing unfavorable. The preferred engagement is to trim into rallies toward the falling EMA band and former support-now-resistance zone. While the 3-year uptrend remains intact above the 200 DMA, near-term deterioration drives the tradable opportunity.

• ↑Q1 2026 broadband revenue +43% YoY to $121.7M, above guidance
• ↑Full-year broadband guide lifted to $475–495M on $582.1M backlog (+87% YoY)
• ↓Two customers drove 58% of Q1 revenue, heightening concentration risk