Harmonic Inc. (NASDAQ:HLIT) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Harmonic Inc. (NASDAQ:HLIT) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.50.

Several equities analysts have issued reports on HLIT shares. Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Zacks Research downgraded Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Barclays boosted their price objective on shares of Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a research note on Thursday, October 1st.

Harmonic Stock Performance

Shares of Harmonic stock opened at $10.73 on Thursday. The firm’s 50-day moving average is $11.51 and its 200 day moving average is $12.34. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -25.55 and a beta of 1.34. Harmonic has a 1 year low of $8.47 and a 1 year high of $17.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56.

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

Hedge Funds Weigh In On Harmonic

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Harmonic in the second quarter worth about $294,012,000. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $32,987,000 after buying an additional 188,293 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Harmonic by 2.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock worth $19,724,000 after buying an additional 54,157 shares during the period. Silverberg Bernstein Capital Management LLC lifted its position in shares of Harmonic by 2.1% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock valued at $11,921,000 after buying an additional 27,817 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Harmonic during the 2nd quarter valued at about $10,509,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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.