Harmonic (NASDAQ:HLIT) Given Buy Rating at Rosenblatt Securities

Harmonic (NASDAQ:HLIT)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a report released on Thursday, Benzinga reports. They presently have a $20.00 price objective on the communications equipment provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 89.52% from the stock’s current price.

A number of other analysts have also recently weighed in on HLIT. Wall Street Zen cut shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research cut shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Barclays upped their price target on shares of Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings cut shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.50.

Harmonic Stock Down 0.1%

Harmonic stock traded down $0.01 during trading on Thursday, reaching $10.55. 140,236 shares of the company’s stock were exchanged, compared to its average volume of 1,842,051. The company’s 50-day moving average is $11.73 and its two-hundred day moving average is $12.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05. Harmonic has a 52-week low of $8.47 and a 52-week high of $17.68. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -25.12 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $120.89 million. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 53.5% on a year-over-year basis. 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 predict that Harmonic will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Harmonic

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Harmonic in the 2nd quarter worth $294,012,000. Dimensional Fund Advisors LP lifted its holdings in Harmonic by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock worth $32,987,000 after buying an additional 188,293 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Harmonic by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock worth $19,724,000 after buying an additional 54,157 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in shares of Harmonic by 2.1% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock valued at $11,921,000 after purchasing an additional 27,817 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Harmonic by 120.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock valued at $9,455,000 after purchasing an additional 575,800 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

Harmonic Company Profile

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video delivery solutions for communications and media companies. Its broadband portfolio includes the CableOS platform, which supports virtualized and software-based cable access networks, along with technologies for fiber, hybrid fiber-coaxial and distributed access architectures. These solutions are designed to help service providers expand network capacity, improve operating flexibility and deliver high-speed broadband services.

Harmonic also provides video infrastructure and software for broadcasters, streaming providers, pay-TV operators and other media organizations.