Harmonic (NASDAQ:HLIT) Sets New 52-Week High – What’s Next?

Shares of Harmonic Inc. (NASDAQ:HLIT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.09 and last traded at $12.83, with a volume of 3003584 shares trading hands. The stock had previously closed at $12.81.

Analyst Upgrades and Downgrades

HLIT has been the subject of several analyst reports. Northland Securities set a $14.00 price target on shares of Harmonic in a research note on Friday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 price target on shares of Harmonic in a research note on Friday, March 27th. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Finally, Needham & Company LLC boosted their price target on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.50.

Harmonic Stock Up 0.2%

The firm has a market cap of $1.39 billion, a P/E ratio of -32.90 and a beta of 1.24. The stock’s 50 day simple moving average is $10.06 and its 200 day simple moving average is $10.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. Harmonic’s revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Research analysts anticipate that Harmonic Inc. will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Harmonic

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its stake in shares of Harmonic by 3.5% in the 3rd quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock worth $338,000 after acquiring an additional 1,116 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Harmonic by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock worth $172,000 after acquiring an additional 1,162 shares in the last quarter. CWM LLC grew its stake in shares of Harmonic by 5.1% in the 3rd quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock worth $288,000 after acquiring an additional 1,376 shares in the last quarter. Significant Wealth Partners LLC grew its stake in shares of Harmonic by 15.3% in the 3rd quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,816 shares in the last quarter. Finally, Stoneridge Investment Partners LLC grew its stake in shares of Harmonic by 7.4% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 29,130 shares of the communications equipment provider’s stock worth $297,000 after acquiring an additional 2,006 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.