FY2026 EPS Estimates for Harmonic Lifted by Wolfe Research

Harmonic Inc. (NASDAQ:HLIT) – Equities researchers at Wolfe Research raised their FY2026 earnings per share (EPS) estimates for Harmonic in a report released on Monday, August 31st. Wolfe Research analyst G. Notter now forecasts that the communications equipment provider will post earnings of $0.51 per share for the year, up from their prior forecast of $0.49. The consensus estimate for Harmonic’s current full-year earnings is $0.50 per share. Wolfe Research also issued estimates for Harmonic’s Q4 2026 earnings at $0.11 EPS, Q1 2027 earnings at $0.10 EPS, Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.12 EPS, Q4 2027 earnings at $0.14 EPS, FY2027 earnings at $0.48 EPS and FY2028 earnings at $0.45 EPS.

HLIT has been the subject of a number of other research reports. Weiss Ratings downgraded Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Jefferies Financial Group restated a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Zacks Research lowered shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Finally, Northland Securities set a $17.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.50.

Harmonic Stock Performance

Shares of NASDAQ HLIT opened at $11.60 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -27.62 and a beta of 1.32. The stock’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $12.03. Harmonic has a one year low of $8.47 and a one year high of $17.68.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The company had revenue of $133.46 million for the quarter, compared to analyst estimates of $120.89 million. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS.

Hedge Funds Weigh In On Harmonic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after purchasing an additional 2,853 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Harmonic by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock worth $3,390,000 after purchasing an additional 31,276 shares during the period. Jane Street Group LLC lifted its position in Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock worth $2,373,000 after purchasing an additional 224,534 shares during the period. American Century Companies Inc. grew its stake in Harmonic by 239.3% during the second quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock worth $1,050,000 after buying an additional 78,214 shares in the last quarter. Finally, Norges Bank acquired a new stake in Harmonic during the second quarter worth about $1,426,000. 99.38% of the stock is owned by institutional investors and hedge funds.

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.