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

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

A number of other equities analysts have also commented on HLIT. Northland Securities set a $14.00 price objective on Harmonic in a research note on Friday, February 20th. Needham & Company LLC increased their target price 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. Finally, Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.50.

Harmonic Stock Performance

NASDAQ HLIT opened at $9.38 on Friday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -24.05 and a beta of 1.04. 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 twelve month low of $7.80 and a twelve month high of $12.18. The stock has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $10.03.

Harmonic (NASDAQ:HLIT) last announced 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 company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’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. Sell-side analysts expect that Harmonic will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Harmonic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank raised its position in shares of 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 during the period. PNC Financial Services Group Inc. grew its position in Harmonic by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock valued at $172,000 after purchasing an additional 1,162 shares during the period. CWM LLC grew its position in Harmonic by 5.1% in the 3rd quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock valued at $288,000 after purchasing an additional 1,376 shares during the period. Significant Wealth Partners LLC increased its stake in Harmonic by 15.3% during the 3rd quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock valued at $139,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Harmonic by 1.6% during the 2nd quarter. Prudential Financial Inc. now owns 118,226 shares of the communications equipment provider’s stock valued at $1,120,000 after purchasing an additional 1,829 shares in the last quarter. Institutional investors 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.