Harmonic (NASDAQ:HLIT) Given “Buy” Rating at Rosenblatt Securities

Harmonic (NASDAQ:HLIT)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $14.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 35.79% from the company’s current price.

HLIT has been the topic of several other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Harmonic in a research note on Tuesday. Finally, Barclays lifted their target price on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Three equities 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.13.

Harmonic Price Performance

NASDAQ:HLIT opened at $10.31 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $10.03 and its 200 day moving average price is $9.59. Harmonic has a 52-week low of $7.80 and a 52-week high of $13.75. The firm has a market cap of $1.16 billion, a P/E ratio of 24.55 and a beta of 1.07.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $142.38 million during the quarter, compared to analyst estimates of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, sell-side analysts predict that Harmonic will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harmonic

Hedge funds have recently bought and sold shares of the business. Inspire Investing LLC lifted its position in shares of Harmonic by 181.7% in the first quarter. Inspire Investing LLC now owns 84,930 shares of the communications equipment provider’s stock worth $814,000 after purchasing an additional 54,776 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Harmonic in the 2nd quarter valued at approximately $415,000. Voya Investment Management LLC increased its stake in Harmonic by 44.7% in the 1st quarter. Voya Investment Management LLC now owns 98,457 shares of the communications equipment provider’s stock valued at $944,000 after buying an additional 30,398 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Harmonic in the 1st quarter worth approximately $728,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Harmonic by 200.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 322,826 shares of the communications equipment provider’s stock valued at $3,057,000 after buying an additional 215,335 shares during the period. 99.38% of the stock is owned by hedge funds and other 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.