Harmonic (NASDAQ:HLIT) Sets New 1-Year High – What’s Next?

Harmonic Inc. (NASDAQ:HLIT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $12.33 and last traded at $12.1790, with a volume of 780104 shares changing hands. The stock had previously closed at $11.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Rosenblatt Securities reissued a “buy” rating and issued a $16.00 target price on shares of Harmonic in a report on Friday, March 27th. Needham & Company LLC upped their target price on Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Northland Securities set a $14.00 price target on Harmonic in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

Harmonic Stock Performance

The stock has a market cap of $1.39 billion, a PE ratio of -32.85 and a beta of 1.24. The firm’s 50-day moving average is $9.96 and its 200 day moving average is $10.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The firm’s revenue was down 42.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, research analysts anticipate that Harmonic Inc. will post 0.35 EPS for the current year.

Institutional Trading of Harmonic

Several hedge funds have recently made changes to their positions in HLIT. Vanguard Group Inc. boosted its holdings in shares of Harmonic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider’s stock valued at $118,907,000 after acquiring an additional 148,281 shares in the last quarter. State Street Corp raised its holdings in Harmonic by 1.8% during the fourth quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock worth $44,220,000 after purchasing an additional 80,791 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Harmonic by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after purchasing an additional 188,293 shares during the period. Alliancebernstein L.P. lifted its position in Harmonic by 2.9% in the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock valued at $24,503,000 after purchasing an additional 68,921 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Harmonic by 10.8% in the 3rd quarter. Marshall Wace LLP now owns 2,132,625 shares of the communications equipment provider’s stock valued at $21,710,000 after purchasing an additional 207,476 shares in the last quarter. 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.