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

Rosenblatt Securities restated their buy rating on shares of Harmonic (NASDAQ:HLIT) in a research report released on Thursday, Marketbeat.com reports. Rosenblatt Securities currently has a $20.00 price target on the communications equipment provider’s stock.

A number of other research analysts also recently commented on the stock. Northland Securities set a $17.00 target price on shares of Harmonic in a research report on Thursday, August 13th. Zacks Research cut shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Barclays lifted their price objective on shares of Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Harmonic presently has an average rating of “Hold” and a consensus price target of $17.50.

Harmonic Trading Down 5.3%

Shares of NASDAQ HLIT opened at $10.23 on Thursday. Harmonic has a twelve month low of $8.47 and a twelve month high of $17.68. The firm has a market cap of $1.12 billion, a PE ratio of -24.36 and a beta of 1.34. The business has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $11.57. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The business had revenue of $133.46 million for the quarter, compared to the consensus estimate of $120.89 million. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%. The business’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Analysts expect that Harmonic will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors have recently added to or reduced their stakes in HLIT. Sterling Capital Management LLC lifted its holdings in shares of Harmonic by 847.4% during the 3rd quarter. Sterling Capital Management LLC now owns 3,695 shares of the communications equipment provider’s stock valued at $39,000 after purchasing an additional 3,305 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Harmonic by 44.4% in the 3rd quarter. Inspire Investing LLC now owns 59,944 shares of the communications equipment provider’s stock worth $633,000 after purchasing an additional 18,418 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Harmonic by 53.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,140 shares of the communications equipment provider’s stock worth $86,000 after purchasing an additional 2,839 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Harmonic by 186.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 120,289 shares of the communications equipment provider’s stock worth $1,270,000 after purchasing an additional 78,300 shares in the last quarter. Finally, Engineers Gate Manager LP grew its stake in Harmonic by 59.6% during the 2nd quarter. Engineers Gate Manager LP now owns 76,479 shares of the communications equipment provider’s stock worth $1,249,000 after buying an additional 28,545 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Harmonic Company Profile

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.