Harmonic (NASDAQ:HLIT) Receives “Buy” Rating from Rosenblatt Securities

Harmonic (NASDAQ:HLIT)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They currently have a $16.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 70.21% from the stock’s current price.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Needham & Company LLC raised their price objective 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 target price 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.50.

Harmonic Price Performance

Shares of HLIT opened at $9.40 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. The company has a 50 day moving average price of $9.99 and a 200-day moving average price of $10.03. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $12.18. The stock has a market capitalization of $1.04 billion, a PE ratio of -24.10 and a beta of 1.04.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of ($53.02) million for the quarter, compared to analysts’ expectations of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The business’s quarterly revenue was down 42.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Equities analysts predict that Harmonic will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HLIT. iSAM Funds UK Ltd purchased a new stake in Harmonic in the third quarter valued at about $49,000. McIlrath & Eck LLC purchased a new stake in shares of Harmonic during the third quarter worth about $57,000. Global Retirement Partners LLC increased its holdings in shares of Harmonic by 23,193.5% during the fourth quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock valued at $71,000 after acquiring an additional 7,190 shares in the last quarter. KBC Group NV raised its position in shares of Harmonic by 130.7% in the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after purchasing an additional 4,236 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Harmonic by 64.6% in the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares during the last quarter. 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.