Harmonic Inc. (NASDAQ:HLIT) Receives Average Rating of “Hold” from Analysts

Shares of Harmonic Inc. (NASDAQ:HLIT) have been given an average recommendation of “Hold” by the five analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $14.50.

Several research analysts recently weighed in on HLIT shares. Weiss Ratings cut Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 price target on shares of Harmonic in a research report on Friday. Northland Securities set a $14.00 price target on shares of Harmonic in a report on Friday, February 20th. Finally, Needham & Company LLC raised their price objective on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th.

Institutional Trading of Harmonic

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Harmonic by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after buying an additional 2,853 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Harmonic by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock valued at $3,390,000 after buying an additional 31,276 shares in the last quarter. Jane Street Group LLC lifted its stake in Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after buying an additional 224,534 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Harmonic by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,779,080 shares of the communications equipment provider’s stock worth $26,321,000 after buying an additional 20,774 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Harmonic by 24.2% in the second quarter. SG Americas Securities LLC now owns 23,491 shares of the communications equipment provider’s stock worth $222,000 after buying an additional 4,582 shares during the period. 99.38% of the stock is currently owned by institutional investors.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $9.38 on Friday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -24.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. Harmonic has a 12 month low of $7.80 and a 12 month high of $12.18. The stock’s 50 day moving average price is $9.97 and its 200 day moving average price is $10.03.

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

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.