Harmonic (NASDAQ:HLIT) Shares Down 7.8% – Here’s Why

Harmonic Inc. (NASDAQ:HLIT)’s share price fell 7.8% on Monday . The stock traded as low as $8.71 and last traded at $8.6460. 298,303 shares changed hands during trading, a decline of 72% from the average session volume of 1,081,431 shares. The stock had previously closed at $9.38.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Northland Securities set a $14.00 price target on shares of Harmonic in a research report on Friday, February 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 price objective on shares of Harmonic in a research note on Friday, March 27th. Weiss Ratings cut Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Finally, Needham & Company LLC boosted their price target on Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Stock Up 2.4%

The company has a market cap of $1.01 billion, a P/E ratio of -23.52 and a beta of 1.04. The company has a quick ratio of 2.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $9.93 and a 200 day moving average price of $10.01.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $140.98 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The business’s quarterly revenue 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. Equities research analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. iSAM Funds UK Ltd bought a new position in Harmonic in the 3rd quarter valued at $49,000. McIlrath & Eck LLC bought a new stake in shares of Harmonic during the third quarter worth $57,000. Global Retirement Partners LLC lifted its stake in shares of Harmonic by 23,193.5% during the fourth quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock valued at $71,000 after acquiring an additional 7,190 shares during the period. KBC Group NV lifted its stake in shares of Harmonic by 130.7% during the fourth quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after acquiring an additional 4,236 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Harmonic by 64.6% in the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

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.