Harmonic (NASDAQ:HLIT) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Harmonic (NASDAQ:HLIT) had its target price raised by equities researchers at Rosenblatt Securities from $16.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 49.81% from the stock’s current price.

Several other research analysts have also recently weighed in on HLIT. Jefferies Financial Group restated a “hold” rating and set a $15.00 target price on shares of Harmonic in a report on Tuesday. Barclays boosted their target price on Harmonic from $11.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings cut Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Northland Securities set a $15.00 target price on Harmonic in a report on Tuesday. Finally, Needham & Company LLC boosted their target price on Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.60.

Harmonic Price Performance

NASDAQ:HLIT opened at $13.35 on Tuesday. Harmonic has a 12 month low of $7.80 and a 12 month high of $15.39. The stock has a 50 day moving average of $10.15 and a two-hundred day moving average of $10.10. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.45 billion, a P/E ratio of -36.08 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate 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 positive return on equity of 7.84% and a negative net margin of 7.50%.Harmonic’s quarterly revenue was down 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $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. On average, analysts expect that Harmonic will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HLIT. Amalgamated Bank lifted its stake in Harmonic by 3.5% during the third quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock worth $338,000 after purchasing an additional 1,116 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Harmonic by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 1,162 shares in the last quarter. CWM LLC lifted its stake in Harmonic by 5.1% during the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock worth $288,000 after purchasing an additional 1,376 shares in the last quarter. Significant Wealth Partners LLC lifted its stake in Harmonic by 15.3% during the third quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock worth $139,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Stoneridge Investment Partners LLC lifted its stake in Harmonic by 7.4% during the third quarter. Stoneridge Investment Partners LLC now owns 29,130 shares of the communications equipment provider’s stock worth $297,000 after purchasing an additional 2,006 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

More Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Analysts turned more bullish after Q1 results, with Rosenblatt raising its price target to $20 and Needham lifting its target to $18, both reiterating Buy ratings. The higher targets suggest Wall Street sees additional upside in Harmonic’s broadband and cable equipment business.
• Positive Sentiment: Harmonic announced that Inter Venezuela is using its cOS virtualized core and fiber solutions for a new nationwide XGS-PON mobile backhaul service, adding another customer win tied to 5G and broadband infrastructure growth.
• Positive Sentiment: A recent bullish thesis upgrade highlighted Harmonic’s dominant DOCSIS infrastructure share, strong cOS platform, and 43% year-over-year broadband revenue growth in Q1 2026, reinforcing the view that North American DOCSIS 4.0 deployments could drive continued growth.
• Neutral Sentiment: Recent reports also note that Harmonic’s broadband segment is benefiting from broader customer diversification, with rest-of-market bookings now above 50%, which reduces dependence on a few large customers.
• Negative Sentiment: Despite the upbeat outlook, margin pressure remains a concern. Management guided FY2026 gross margin to 50%–51.5%, with memory costs and new product ramps expected to weigh on profitability, while the company’s earnings history has remained volatile.

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.