Harmonic (NASDAQ:HLIT) Receives “Hold (C-)” Rating from Weiss Ratings

Harmonic (NASDAQ:HLIT)‘s stock had its “hold (c-)” rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on the stock. Rosenblatt Securities boosted their price target on shares of Harmonic from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Needham & Company LLC reduced their target price on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Wolfe Research started coverage on shares of Harmonic in a research report on Tuesday, July 8th. They set an “underperform” rating on the stock. Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Barclays reduced their target price on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.17.

Harmonic Price Performance

NASDAQ:HLIT opened at $10.35 on Wednesday. The firm has a market cap of $1.18 billion, a PE ratio of 17.54 and a beta of 1.01. Harmonic has a 12 month low of $7.80 and a 12 month high of $15.46. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $9.62 and its two-hundred day moving average price is $9.35.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $138.03 million for the quarter, compared to analyst estimates of $134.90 million. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, equities analysts anticipate that Harmonic will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors and hedge funds have recently modified their holdings of HLIT. Alyeska Investment Group L.P. raised its stake in shares of Harmonic by 310.1% during the first quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider’s stock worth $29,516,000 after buying an additional 2,327,272 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Harmonic by 112.8% during the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock worth $18,231,000 after buying an additional 1,020,431 shares during the last quarter. Nuveen LLC bought a new stake in shares of Harmonic during the first quarter worth approximately $8,621,000. Hillsdale Investment Management Inc. bought a new stake in shares of Harmonic during the second quarter worth approximately $5,432,000. Finally, Lazard Asset Management LLC raised its stake in shares of Harmonic by 249.1% during the second quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock worth $6,808,000 after buying an additional 513,022 shares during the last quarter. 99.38% of the stock is owned by institutional investors.

About Harmonic

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.