Harmonic (NASDAQ:HLIT) Price Target Raised to $16.00

Harmonic (NASDAQ:HLIT) had its price target lifted by Rosenblatt Securities from $14.00 to $16.00 in a report issued on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the communications equipment provider’s stock.

Several other research firms also recently issued reports on HLIT. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Thursday, January 22nd. Barclays increased their target price on shares of Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of Harmonic in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.50.

Harmonic Stock Up 1.6%

HLIT opened at $10.90 on Friday. Harmonic has a twelve month low of $7.80 and a twelve month high of $12.18. The company’s 50-day moving average price is $10.12 and its two-hundred day moving average price is $9.96. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -27.95 and a beta of 1.05. The company has a quick ratio of 2.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Insider Transactions at Harmonic

In other news, Director David Krall acquired 47,528 shares of Harmonic stock in a transaction dated Thursday, December 11th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the transaction, the director owned 223,125 shares of the company’s stock, valued at $2,342,812.50. This trade represents a 27.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Neven Haltmayer sold 23,835 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.41, for a total value of $248,122.35. Following the completion of the sale, the senior vice president owned 149,570 shares of the company’s stock, valued at $1,557,023.70. The trade was a 13.75% decrease in their position. The SEC filing for this sale provides additional information. 1.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Harmonic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its stake in Harmonic by 3.5% in the third quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock worth $338,000 after purchasing an additional 1,116 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Harmonic by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock valued at $172,000 after acquiring an additional 1,162 shares during the last quarter. CWM LLC lifted its stake in shares of Harmonic by 5.1% in the 3rd quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock valued at $288,000 after acquiring an additional 1,376 shares during the last quarter. Significant Wealth Partners LLC boosted its holdings in Harmonic by 15.3% during the 3rd quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock valued at $139,000 after acquiring an additional 1,816 shares during the period. Finally, Prudential Financial Inc. grew its position in Harmonic by 1.6% during the 2nd quarter. Prudential Financial Inc. now owns 118,226 shares of the communications equipment provider’s stock worth $1,120,000 after acquiring an additional 1,829 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Harmonic News Roundup

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: izzi (largest MSO in Mexico) selected Harmonic’s cOS virtualized broadband platform for its fiber expansion — a tangible commercial win that validates Harmonic’s broadband push and supports future recurring bookings. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Analysts raised price targets and kept buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong upside expectations versus the current price and likely contributing to buying interest. Benzinga coverage of analyst updates
• Positive Sentiment: Company said Q4 record broadband bookings drove a 3.5 book-to-bill and confirmed the previously announced sale of its Video business is proceeding — supports management’s strategic refocus on broadband. Harmonic Announces Fourth Quarter and Fiscal 2025 Results
• Neutral Sentiment: Q4 earnings call transcripts and slide deck were released for investors looking for detail on margins, bookings and the Video sale timeline. Useful for deeper diligence but not new headline catalysts by themselves. Q4 results – presentation
• Neutral Sentiment: Data feeds show anomalous short-interest entries reporting zero shares/NaN — appears to be a reporting artifact and not an actionable signal. (Not a driver of today’s move.)
• Negative Sentiment: Top-line weakness: reported Q4 revenue (~$98.2M) missed consensus (~$141M) and was down ~42.6% YoY; company’s FY2026 and Q1 EPS guidance was raised but revenue guidance ($440M–$480M FY, $100M–$105M Q1) came in well below Street estimates — this mix raises near-term growth concerns. Harmonic Q4 Earnings and Revenues Lag Estimates

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.