Barclays Has Lowered Expectations for Harmonic (NASDAQ:HLIT) Stock Price

Harmonic (NASDAQ:HLIT) had its price objective cut by equities researchers at Barclays from $16.00 to $14.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the communications equipment provider’s stock. Barclays‘s target price suggests a potential upside of 26.87% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research downgraded Harmonic from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Raymond James Financial restated an “outperform” rating and set a $19.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Northland Securities set a $17.00 price target on Harmonic in a report on Thursday, August 13th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Harmonic presently has a consensus rating of “Hold” and a consensus target price of $17.17.

Harmonic Stock Up 8.3%

HLIT opened at $11.04 on Tuesday. The firm’s 50-day simple moving average is $11.12 and its 200-day simple moving average is $11.57. 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 twelve month low of $8.47 and a twelve month high of $17.68. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -26.29 and a beta of 1.34.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business had revenue of $148.84 million during the quarter, compared to analysts’ expectations of $129.47 million. During the same quarter last year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 64.5% on a year-over-year basis. Equities research analysts anticipate that Harmonic will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLIT. Sei Investments Co. increased its holdings in Harmonic by 2.0% in the first quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider’s stock valued at $635,000 after purchasing an additional 1,383 shares during the last quarter. Aristides Capital LLC lifted its stake in Harmonic by 7.2% in the first quarter. Aristides Capital LLC now owns 21,943 shares of the communications equipment provider’s stock valued at $197,000 after buying an additional 1,483 shares during the period. Nykredit A S bought a new position in Harmonic during the second quarter worth about $36,000. Caxton Associates LLP boosted its holdings in Harmonic by 21.2% during the first quarter. Caxton Associates LLP now owns 15,937 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 2,789 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Harmonic by 53.6% during the third quarter. Nisa Investment Advisors LLC now owns 8,140 shares of the communications equipment provider’s stock worth $86,000 after buying an additional 2,839 shares during the last quarter. 99.38% of the stock is currently owned by institutional investors.

More Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q3 results exceeded expectations: Harmonic reported adjusted EPS of $0.23, above the $0.17 consensus estimate, while revenue rose 64% year over year to $148.8 million, surpassing the $129.5 million analyst forecast. EPS also increased from $0.12 in the prior-year quarter. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Management raised its outlook: Full-year 2026 EPS guidance was set at $0.80-$0.84, well above the $0.50 consensus, while revenue guidance of $545 million-$555 million exceeded the $517 million analyst estimate. Fourth-quarter EPS guidance of $0.19-$0.23 and revenue guidance of $141 million-$151 million also came in above consensus estimates of $0.12 and $131.6 million, respectively.
• Positive Sentiment: Growth broadened beyond the core business: Rest-of-Market revenue more than doubled year over year and reached a record 46% of total revenue, supporting management’s stronger full-year outlook. Harmonic Q3 Earnings Results
• Neutral Sentiment: Harmonic also provided fourth-quarter 2026 dividend guidance, giving investors additional information about expected shareholder returns, although the supplied reports did not specify the payment amount.
• Negative Sentiment: The strong quarter leaves future bookings and cash-flow conversion as key tests. Investors may be taking a cautious view of whether the breakout growth and higher guidance can continue, which could help explain the stock’s decrease even after the earnings beat. Harmonic also continues to report a negative net margin.

Harmonic Company Profile

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.