Rosenblatt Securities Issues Positive Forecast for Harmonic (NASDAQ:HLIT) Stock Price

Harmonic (NASDAQ:HLIT) had its price target increased by analysts at Rosenblatt Securities from $16.00 to $20.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price target indicates a potential upside of 54.44% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research report on Tuesday. Barclays lifted their price target on shares of Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday. Northland Securities set a $15.00 price target on shares of Harmonic in a research report on Tuesday. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Finally, Needham & Company LLC raised their price objective on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.60.

Harmonic Stock Up 0.9%

NASDAQ HLIT traded up $0.12 during mid-day trading on Tuesday, hitting $12.95. The company’s stock had a trading volume of 7,759,089 shares, compared to its average volume of 1,221,926. The company’s 50 day simple moving average is $10.06 and its 200 day simple moving average is $10.06. Harmonic has a twelve month low of $7.80 and a twelve month high of $15.39. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -33.21 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results 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). Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The business had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was down 42.6% compared to the same quarter last year. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Analysts anticipate that Harmonic will post 0.35 earnings per share for the current year.

Hedge Funds Weigh In On Harmonic

Large investors have recently bought and sold shares of the stock. iSAM Funds UK Ltd bought a new stake in shares of Harmonic during the 3rd quarter worth $49,000. Global Retirement Partners LLC raised its stake in shares of Harmonic by 23,193.5% during the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 7,190 shares during the period. KBC Group NV raised its stake in shares of Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock worth $74,000 after purchasing an additional 4,236 shares during the period. Royal Bank of Canada raised its stake in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 3,000 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Harmonic during the 4th quarter worth $90,000. 99.38% of the stock is currently owned by institutional investors.

Harmonic News Roundup

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic beat first-quarter expectations, reporting adjusted EPS of $0.21 versus the $0.12 consensus, while revenue came in at $121.69 million, well above estimates. The company also said revenue rose 43.4% year over year, signaling a sharp improvement in demand. Harmonic Q1 2026 Earnings Report
• Positive Sentiment: The company raised guidance for both Q2 and full-year 2026, with EPS and revenue outlooks now above Wall Street expectations. That suggests management sees continued momentum in broadband and video business lines. Harmonic Q1 2026 Earnings Call Highlights
• Positive Sentiment: Needham & Company raised its price target on Harmonic to $18 from $17 and reiterated a Buy rating, implying further upside from current levels. Needham Raises Harmonic Price Target
• Neutral Sentiment: Harmonic’s stock hit a new 52-week high amid the earnings surge and follow-on bullish analyst commentary, reflecting improved investor sentiment and momentum. Harmonic Sets New 52-Week High
• Negative Sentiment: The company noted some supply-chain issues in its earnings-call highlights, which could create near-term execution risk even as demand remains strong. Harmonic Q1 2026 Earnings Call Highlights

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.