Harmonic (NASDAQ:HLIT) Price Target Raised to $20.00 at Rosenblatt Securities

Harmonic (NASDAQ:HLIT) had its price objective raised by Rosenblatt Securities from $16.00 to $20.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

HLIT has been the subject of several other research reports. Weiss Ratings lowered Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Barclays lifted their price target on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. Northland Securities set a $15.00 price target on Harmonic in a research note on Tuesday. Jefferies Financial Group restated a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday. Finally, Needham & Company LLC lifted their price target on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.60.

Harmonic Stock Performance

Shares of HLIT stock opened at $12.95 on Tuesday. The stock has a market cap of $1.40 billion, a PE ratio of -35.00 and a beta of 1.24. The business has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $10.08. 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 has a 52-week low of $7.80 and a 52-week high of $15.39.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a negative net margin of 7.50% and a positive return on equity of 7.52%. The company had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. During the same period last year, the firm earned $0.45 EPS. The business’s quarterly revenue 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. On average, equities analysts expect that Harmonic will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its stake in Harmonic by 3.5% during the third quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock worth $338,000 after purchasing an additional 1,116 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Harmonic by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 1,162 shares during the last quarter. CWM LLC grew its holdings in shares of Harmonic by 5.1% during the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock worth $288,000 after purchasing an additional 1,376 shares during the last quarter. Significant Wealth Partners LLC boosted its stake in shares of Harmonic by 15.3% during the third quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock worth $139,000 after buying an additional 1,816 shares during the period. Finally, Stoneridge Investment Partners LLC boosted its stake in shares of Harmonic by 7.4% during the third quarter. Stoneridge Investment Partners LLC now owns 29,130 shares of the communications equipment provider’s stock worth $297,000 after buying an additional 2,006 shares during the period. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Harmonic

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

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.