Harmonic (NASDAQ:HLIT) Price Target Raised to $16.00 at Rosenblatt Securities

Harmonic (NASDAQ:HLIT) had its price objective boosted by Rosenblatt Securities from $14.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the communications equipment provider’s stock.

Several other research analysts have also issued reports on HLIT. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Harmonic in a report on Tuesday, December 9th. Barclays boosted their price objective on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Harmonic presently has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $10.90 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of -27.95 and a beta of 1.05. The firm’s fifty day moving average is $10.12 and its 200-day moving average is $9.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08. Harmonic has a 52 week low of $7.80 and a 52 week high of $12.18.

Insider Activity at Harmonic

In related news, SVP Neven Haltmayer sold 23,835 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the completion of the sale, the senior vice president directly owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Krall acquired 47,528 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the transaction, the director owned 223,125 shares of the company’s stock, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Harmonic

A number of large investors have recently added to or reduced their stakes in HLIT. iSAM Funds UK Ltd bought a new stake in shares of Harmonic in the 3rd quarter worth approximately $49,000. McIlrath & Eck LLC purchased a new stake in Harmonic in the third quarter worth $57,000. Global Retirement Partners LLC raised its stake in shares of Harmonic by 23,193.5% in the fourth quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock valued at $71,000 after buying an additional 7,190 shares during the period. KBC Group NV lifted its position in shares of Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after buying an additional 4,236 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Key Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: izzi (largest MSO in Mexico) selected Harmonic’s cOS virtualized broadband platform for its fiber expansion — a tangible commercial win that validates Harmonic’s broadband push and supports future recurring bookings. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Analysts raised price targets and kept buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong upside expectations versus the current price and likely contributing to buying interest. Benzinga coverage of analyst updates
• Positive Sentiment: Company said Q4 record broadband bookings drove a 3.5 book-to-bill and confirmed the previously announced sale of its Video business is proceeding — supports management’s strategic refocus on broadband. Harmonic Announces Fourth Quarter and Fiscal 2025 Results
• Neutral Sentiment: Q4 earnings call transcripts and slide deck were released for investors looking for detail on margins, bookings and the Video sale timeline. Useful for deeper diligence but not new headline catalysts by themselves. Q4 results – presentation
• Neutral Sentiment: Data feeds show anomalous short-interest entries reporting zero shares/NaN — appears to be a reporting artifact and not an actionable signal. (Not a driver of today’s move.)
• Negative Sentiment: Top-line weakness: reported Q4 revenue (~$98.2M) missed consensus (~$141M) and was down ~42.6% YoY; company’s FY2026 and Q1 EPS guidance was raised but revenue guidance ($440M–$480M FY, $100M–$105M Q1) came in well below Street estimates — this mix raises near-term growth concerns. Harmonic Q4 Earnings and Revenues Lag Estimates

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.