Rosenblatt Securities Reaffirms “Buy” Rating for Harmonic (NASDAQ:HLIT)

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

A number of other research firms have also recently weighed in on HLIT. Northland Securities set a $14.00 price objective on shares of Harmonic in a research report on Friday, February 20th. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Finally, Needham & Company LLC increased their price objective on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Trading Down 1.2%

Shares of HLIT stock opened at $9.40 on Friday. Harmonic has a 1 year low of $7.80 and a 1 year high of $12.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. The stock’s 50 day simple moving average is $9.99 and its two-hundred day simple moving average is $10.03. The company has a market cap of $1.04 billion, a PE ratio of -24.10 and a beta of 1.04.

Harmonic (NASDAQ:HLIT) last announced its 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). Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The company had revenue of ($53.02) million during the quarter, compared to analysts’ expectations of $140.98 million. During the same quarter last year, the firm posted $0.45 EPS. Harmonic’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. Research analysts predict that Harmonic will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLIT. iSAM Funds UK Ltd purchased a new position in shares of Harmonic during the third quarter worth approximately $49,000. McIlrath & Eck LLC purchased a new position in Harmonic during the 3rd quarter worth $57,000. Global Retirement Partners LLC raised its position in 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 valued at $71,000 after purchasing an additional 7,190 shares in the last quarter. KBC Group NV lifted its holdings 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 worth $74,000 after buying an additional 4,236 shares during the period. Finally, Royal Bank of Canada lifted its holdings 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 worth $75,000 after buying an additional 3,000 shares during the period. Institutional investors own 99.38% of the company’s stock.

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.