Harmonic (NASDAQ:HLIT) Announces Quarterly Earnings Results

Harmonic (NASDAQ:HLIT) released its earnings results on Wednesday. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07, FiscalAI reports. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The business had revenue of $133.46 million for the quarter, compared to analyst estimates of $120.89 million. Harmonic updated its Q3 2026 guidance to 0.150-0.190 EPS and its FY 2026 guidance to 0.670-0.750 EPS.

Harmonic Stock Up 4.8%

HLIT traded up $0.55 during trading on Wednesday, hitting $12.00. The stock had a trading volume of 2,875,666 shares, compared to its average volume of 1,904,068. The stock has a 50 day simple moving average of $13.39 and a two-hundred day simple moving average of $11.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.27. Harmonic has a twelve month low of $8.47 and a twelve month high of $17.68. The company has a market capitalization of $1.30 billion, a PE ratio of -32.43 and a beta of 1.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HLIT shares. Needham & Company LLC upped their price target on shares of Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Barclays lifted their price objective on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Northland Securities set a $15.00 price objective on shares of Harmonic in a research note on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.60.

Insider Activity

In other news, Director Stephanie Copeland sold 4,300 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $13.30, for a total transaction of $57,190.00. Following the transaction, the director directly owned 20,752 shares of the company’s stock, valued at approximately $276,001.60. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HLIT. Inspire Investing LLC boosted its stake in shares of Harmonic by 5.4% in the fourth quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider’s stock worth $467,000 after acquiring an additional 2,428 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Harmonic by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after purchasing an additional 2,853 shares during the last quarter. Royal Bank of Canada raised its stake in Harmonic by 64.6% in the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Harmonic by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 108,216 shares of the communications equipment provider’s stock valued at $1,071,000 after purchasing an additional 3,508 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Harmonic by 6.4% in the 3rd quarter. Sei Investments Co. now owns 72,220 shares of the communications equipment provider’s stock valued at $735,000 after purchasing an additional 4,332 shares in the last quarter. 99.38% of the stock is owned by institutional investors and hedge funds.

Harmonic Company Profile

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.