Harmonic Inc. (NASDAQ:HLIT) Short Interest Update

Harmonic Inc. (NASDAQ:HLIT) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,986,418 shares, an increase of 17.9% from the February 26th total of 2,531,997 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 1,194,420 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

Several brokerages have commented on HLIT. Northland Securities set a $14.00 price target on shares of Harmonic in a research note on Friday, February 20th. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Rosenblatt Securities restated a “buy” rating and issued a $16.00 target price on shares of Harmonic in a report on Friday, March 27th. Finally, Needham & Company LLC increased their target price on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harmonic currently has a consensus rating of “Hold” and an average target price of $14.50.

Institutional Trading of Harmonic

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Harmonic by 9.7% in 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 valued at $3,390,000 after purchasing an additional 31,276 shares during the period. Jane Street Group LLC raised its holdings in shares of Harmonic by 978.5% in the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after buying an additional 224,534 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Harmonic by 24.2% in the second quarter. SG Americas Securities LLC now owns 23,491 shares of the communications equipment provider’s stock valued at $222,000 after buying an additional 4,582 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Harmonic by 1.5% during the second quarter. Legal & General Group Plc now owns 317,650 shares of the communications equipment provider’s stock worth $3,008,000 after buying an additional 4,708 shares during the period. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Stock Performance

Shares of NASDAQ HLIT traded up $0.10 during trading hours on Wednesday, reaching $9.08. The stock had a trading volume of 849,080 shares, compared to its average volume of 1,112,607. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -23.28 and a beta of 1.04. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $12.18. The firm has a 50-day moving average of $9.93 and a 200-day moving average of $10.01.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The firm had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same period last year, the firm earned $0.45 EPS. The company’s quarterly revenue was down 42.6% on a year-over-year basis. 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 research analysts predict that Harmonic will post 0.31 earnings per share for the current year.

About Harmonic

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.