Analysts Set Harmonic Inc. (NASDAQ:HLIT) PT at $17.50

by · The Markets Daily

Shares of Harmonic Inc. (NASDAQ:HLIT – Get Free Report) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.50.

Several research analysts have recently weighed in on the stock. Northland Securities set a $17.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Zacks Research cut shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $19.00 target price on shares of Harmonic in a report on Thursday, August 13th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Harmonic in a research report on Wednesday, September 16th.

View Our Latest Analysis on HLIT

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Harmonic during the 2nd quarter valued at about $294,012,000. Dimensional Fund Advisors LP raised its stake in shares of Harmonic by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after purchasing an additional 188,293 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Harmonic by 2.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock valued at $19,724,000 after purchasing an additional 54,157 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in Harmonic by 2.1% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock worth $11,921,000 after buying an additional 27,817 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Harmonic during the second quarter worth about $10,509,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Stock Performance

NASDAQ HLIT opened at $11.29 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Harmonic has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The business has a fifty day moving average of $11.91 and a 200-day moving average of $12.12. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -26.88 and a beta of 1.32.

Harmonic (NASDAQ:HLIT – Get Free Report) last released its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. The company had revenue of $133.46 million for the quarter, compared to analyst estimates of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. As a group, analysts predict that Harmonic will post 0.53 earnings per share for the current fiscal year.

About Harmonic

(Get Free Report)

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video delivery solutions for communications and media companies. Its broadband portfolio includes the CableOS platform, which supports virtualized and software-based cable access networks, along with technologies for fiber, hybrid fiber-coaxial and distributed access architectures. These solutions are designed to help service providers expand network capacity, improve operating flexibility and deliver high-speed broadband services.

Harmonic also provides video infrastructure and software for broadcasters, streaming providers, pay-TV operators and other media organizations.

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