Harmonic (NASDAQ:HLIT) Given New $18.00 Price Target at Needham & Company LLC

Harmonic (NASDAQ:HLIT) had its target price boosted by Needham & Company LLC from $17.00 to $18.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the communications equipment provider’s stock.

HLIT has been the subject of a number of other reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of Harmonic in a research note on Friday, March 27th. Northland Securities set a $14.00 price target on shares of Harmonic in a research note on Friday, February 20th. Finally, Weiss Ratings lowered shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Harmonic has an average rating of “Hold” and a consensus target price of $16.60.

Harmonic Price Performance

NASDAQ HLIT opened at $12.95 on Tuesday. Harmonic has a 52 week low of $7.80 and a 52 week high of $15.39. 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 market cap of $1.40 billion, a price-to-earnings ratio of -35.00 and a beta of 1.24. The company has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $10.08.

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). The firm had revenue of ($53.02) million during the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a positive return on equity of 7.52% and a negative net margin of 7.50%.Harmonic’s revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter last 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. Analysts forecast that Harmonic will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Harmonic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. iSAM Funds UK Ltd acquired a new position in shares of Harmonic during the 3rd quarter worth $49,000. Global Retirement Partners LLC increased its stake in shares of Harmonic by 23,193.5% during the 4th 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 during the last quarter. KBC Group NV increased its stake 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 worth $74,000 after purchasing an additional 4,236 shares during the last quarter. Royal Bank of Canada increased its stake 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 worth $75,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Harmonic during the 4th quarter worth $90,000. 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: Harmonic beat Q1 expectations, reporting EPS of $0.21 versus $0.12 expected and revenue of $121.69 million versus $102.21 million estimated, with sales up 43.4% year over year. Earnings report and transcript
• Positive Sentiment: The company also raised guidance for Q2 and full-year 2026 above Wall Street expectations, signaling confidence in continued growth. Premarket move article
• Positive Sentiment: Analysts turned more constructive after the results, with Needham raising its price target to $18 and Rosenblatt lifting its target to $20, both keeping bullish ratings. Needham and Rosenblatt target hikes
• Positive Sentiment: Investor sentiment was further supported by coverage highlighting strong broadband growth and the stock reaching a new 52-week high. 52-week high article
• Neutral Sentiment: Harmonic’s Q1 earnings call and transcript drew additional attention from investors as they looked for details on broadband demand, supply chain conditions, and the outlook. Earnings call transcript

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.