Traders Purchase High Volume of Call Options on Harmonic (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT) saw some unusual options trading on Thursday. Investors acquired 3,305 call options on the company. This represents an increase of 50% compared to the typical volume of 2,206 call options.

Institutional Trading of Harmonic

Several hedge funds have recently added to or reduced their stakes in the business. Globeflex Capital L P bought a new position in Harmonic during the second quarter worth about $1,459,000. Northwestern Mutual Wealth Management Co. acquired a new position in Harmonic in the second quarter valued at about $49,000. Quantbot Technologies LP bought a new stake in shares of Harmonic in the second quarter worth about $1,706,000. Ieq Capital LLC acquired a new stake in shares of Harmonic during the second quarter worth about $174,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Harmonic during the second quarter worth about $2,327,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Harmonic Trading Up 10.1%

Shares of HLIT stock traded up $1.22 on Thursday, reaching $13.21. The company had a trading volume of 3,114,084 shares, compared to its average volume of 1,911,183. The company has a 50-day moving average of $13.34 and a 200-day moving average of $11.76. The company has a current ratio of 2.27, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.43 billion, a PE ratio of -35.97 and a beta of 1.32. Harmonic has a 12 month low of $8.47 and a 12 month high of $17.68.

Key Headlines Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q2 results exceeded expectations: Harmonic reported adjusted earnings of $0.24 per share, above the $0.17 consensus estimate and up from $0.09 a year earlier. Revenue rose 53.5% year over year to $133.46 million, surpassing the $120.89 million consensus. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Guidance was raised above analyst expectations: Harmonic forecast third-quarter earnings of $0.15-$0.19 per share and revenue of $125 million-$135 million, exceeding consensus estimates of $0.10 and $120.3 million. Full-year 2026 guidance of $0.67-$0.75 in earnings and $505 million-$525 million in revenue also topped consensus estimates of $0.40 and $486.8 million, respectively. Harmonic Earnings Report
• Positive Sentiment: Analyst support strengthened: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $20 price target, implying substantial upside from the stock’s referenced $12 level. Benzinga analyst update
• Neutral Sentiment: Management commentary is being reviewed: The Q2 earnings call transcript provides additional details on operating trends, the outlook and the company’s business sale. Harmonic Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly filing was delayed: Harmonic submitted a Form 12b-25 notification for a late quarterly filing following a business sale. Although the delay may be administrative, it introduces near-term uncertainty until the filing is completed. Harmonic Delays Quarterly Filing

Analysts Set New Price Targets

Several research analysts recently issued reports on HLIT shares. Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a research report on Thursday. Barclays increased their price objective on shares of Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Harmonic in a research note on Thursday. Zacks Research downgraded shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Wall Street Zen lowered shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Harmonic currently has a consensus rating of “Hold” and a consensus price target of $16.80.

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.