Harmonic (NASDAQ:HLIT) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Harmonic (NASDAQ:HLIT) from a hold rating to a strong-buy rating in a report published on Saturday.

HLIT has been the subject of a number of other reports. Barclays raised their price objective on Harmonic from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Rosenblatt Securities raised their price objective on Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Needham & Company LLC raised their price objective on Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Jefferies Financial Group restated a “hold” rating and set a $15.00 price objective on shares of Harmonic in a research report on Tuesday. Finally, Northland Securities set a $15.00 price objective on Harmonic in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.60.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $12.54 on Friday. The firm has a market cap of $1.36 billion, a PE ratio of -33.89 and a beta of 1.24. The firm’s fifty day moving average is $10.26 and its 200-day moving average is $10.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.26 and a current ratio of 2.27. Harmonic has a 52 week low of $7.80 and a 52 week high of $15.39.

Harmonic (NASDAQ:HLIT) last issued 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 business had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.Harmonic’s revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Sell-side analysts predict that Harmonic will post 0.35 earnings per share for the current year.

Insiders Place Their Bets

In other Harmonic news, SVP Neven Haltmayer sold 31,766 shares of Harmonic stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $13.24, for a total value of $420,581.84. Following the completion of the sale, the senior vice president directly owned 133,924 shares in the company, valued at approximately $1,773,153.76. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On Harmonic

Hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL increased its holdings in Harmonic by 18.3% in 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 purchasing an additional 156,862 shares in the last quarter. Clearline Capital LP increased its holdings in Harmonic by 32.6% in the third quarter. Clearline Capital LP now owns 795,076 shares of the communications equipment provider’s stock worth $8,094,000 after purchasing an additional 195,298 shares in the last quarter. Inspire Advisors LLC bought a new stake in Harmonic in the third quarter worth approximately $2,455,000. First Eagle Investment Management LLC increased its holdings in Harmonic by 23.7% in the third quarter. First Eagle Investment Management LLC now owns 818,376 shares of the communications equipment provider’s stock worth $8,331,000 after purchasing an additional 157,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Harmonic by 18.8% in the third quarter. Hillsdale Investment Management Inc. now owns 681,300 shares of the communications equipment provider’s stock worth $6,936,000 after purchasing an additional 107,700 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors.

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.