Harmonic’s (HLIT) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Harmonic (NASDAQ:HLIT) in a report released on Friday,Benzinga reports. Rosenblatt Securities currently has a $16.00 price target on the communications equipment provider’s stock.

Several other research analysts also recently weighed in on HLIT. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Northland Securities set a $14.00 price target on Harmonic in a report on Friday, February 20th. Finally, Needham & Company LLC boosted their price target on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.50.

Harmonic Price Performance

Shares of HLIT stock opened at $9.38 on Friday. Harmonic has a twelve month low of $7.80 and a twelve month high of $12.18. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $9.97 and a two-hundred day simple moving average of $10.03. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -24.05 and a beta of 1.04.

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

Institutional Investors Weigh In On Harmonic

Hedge funds and other institutional investors have recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new stake in shares of Harmonic during the 3rd quarter valued at about $49,000. McIlrath & Eck LLC acquired a new position in Harmonic in the 3rd quarter worth about $57,000. Global Retirement Partners LLC boosted its position in Harmonic by 23,193.5% during the fourth quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 7,190 shares in the last quarter. KBC Group NV boosted its position in Harmonic by 130.7% during the fourth quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock worth $74,000 after purchasing an additional 4,236 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Harmonic by 64.6% in the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.