Harmonic Inc. (NASDAQ:HLIT) Given Average Rating of “Hold” by Analysts

Shares of Harmonic Inc. (NASDAQ:HLIT) have been assigned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.50.

A number of equities analysts recently issued reports on HLIT shares. Northland Securities set a $14.00 price objective on Harmonic in a report on Friday, February 20th. Barclays boosted their price target on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Needham & Company LLC lifted their price objective on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Rosenblatt Securities upped their price objective on shares of Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, February 20th.

Harmonic Trading Down 6.7%

Shares of NASDAQ:HLIT opened at $10.21 on Wednesday. The company has a market cap of $1.13 billion, a PE ratio of -26.18 and a beta of 1.04. The company’s 50-day moving average price is $10.17 and its 200 day moving average price is $10.04. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $12.18. The company has a quick ratio of 2.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Harmonic (NASDAQ:HLIT) last posted its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The firm had revenue of ($53.02) million during the quarter, compared to the consensus estimate of $140.98 million. During the same quarter last year, the company posted $0.45 EPS. Harmonic’s revenue for the quarter was down 42.6% on a year-over-year basis. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Sell-side analysts anticipate that Harmonic will post 0.31 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Harmonic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP lifted its stake in Harmonic by 112.8% during the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock valued at $18,231,000 after purchasing an additional 1,020,431 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Harmonic by 290.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after buying an additional 729,269 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Harmonic during the 4th quarter valued at $7,182,000. Hillsdale Investment Management Inc. bought a new stake in shares of Harmonic during the 2nd quarter worth $5,432,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Harmonic by 249.1% during the 2nd quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock worth $6,808,000 after acquiring an additional 513,022 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors.

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.