Harmonic Inc. (NASDAQ:HLIT) Receives $14.50 Consensus PT from Brokerages

Shares of Harmonic Inc. (NASDAQ:HLIT) have earned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.50.

Several equities research analysts recently issued reports on HLIT shares. Needham & Company LLC boosted their target price on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Northland Securities set a $14.00 price target on Harmonic in a report on Friday, February 20th. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $16.00 price objective on shares of Harmonic in a report on Friday, March 27th.

Institutional Trading of Harmonic

Hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC purchased a new stake in Harmonic in the third quarter worth approximately $1,236,000. Ellsworth Advisors LLC purchased a new position in shares of Harmonic during the third quarter worth approximately $5,104,000. Tudor Investment Corp ET AL raised its stake in shares of Harmonic by 18.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock worth $10,317,000 after acquiring an additional 156,862 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of Harmonic by 11.2% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock worth $12,695,000 after acquiring an additional 125,795 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Harmonic in the 3rd quarter worth approximately $2,455,000. 99.38% of the stock is owned by institutional investors.

Harmonic Stock Performance

NASDAQ HLIT opened at $9.20 on Friday. The company’s 50 day simple moving average is $9.88 and its two-hundred day simple moving average is $10.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. Harmonic has a 1 year low of $7.80 and a 1 year high of $12.18. The stock has a market capitalization of $1.01 billion, a PE ratio of -23.59 and a beta of 1.10.

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 analysts’ consensus estimates of $0.10 by ($0.04). The firm 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 firm’s revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts predict that Harmonic will post 0.31 earnings per share for the current fiscal year.

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.