Harmonic Inc. (NASDAQ:HLIT) Receives Average Rating of “Hold” from Analysts

Shares of Harmonic Inc. (NASDAQ:HLIT) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.50.

HLIT has been the topic of a number of recent research reports. Zacks Research cut Harmonic from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating and set a $15.00 target price on shares of Harmonic in a report on Tuesday, May 12th. Raymond James Financial reissued an “outperform” rating and set a $19.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Harmonic in a research report on Thursday, August 13th.

Institutional Investors Weigh In On Harmonic

A number of large investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Harmonic in the 2nd quarter worth about $1,818,000. California State Teachers Retirement System raised its holdings in shares of Harmonic by 1,485.5% during the 2nd quarter. California State Teachers Retirement System now owns 2,008,296 shares of the communications equipment provider’s stock valued at $32,795,000 after buying an additional 1,881,629 shares in the last quarter. FirstWave Capital Management LLC bought a new stake in Harmonic in the 2nd quarter worth approximately $1,386,000. Nykredit A S bought a new stake in Harmonic in the 2nd quarter worth approximately $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Harmonic by 4.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,286 shares of the communications equipment provider’s stock worth $4,969,000 after buying an additional 13,606 shares in the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Price Performance

HLIT stock opened at $12.02 on Wednesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -28.62 and a beta of 1.32. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $12.90 and its 200 day simple moving average is $11.99. Harmonic has a 12-month low of $8.47 and a 12-month high of $17.68.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm had revenue of $133.46 million during the quarter, compared to the consensus estimate of $120.89 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. On average, analysts expect that Harmonic will post 0.5 earnings per share for the current year.

About Harmonic

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high?quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real?time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set?top video processing platforms for traditional pay?TV operators, alongside cloud?native software for over?the?top (OTT) delivery, origin servers and content delivery network (CDN) services.