Harmonic Inc. (NASDAQ:HLIT) Receives $17.50 Consensus Target Price from Analysts

Harmonic Inc. (NASDAQ:HLIT) has been assigned an average rating 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 rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $17.50.

HLIT has been the topic of several recent research reports. Zacks Research downgraded shares of Harmonic from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 target price on shares of Harmonic in a research note on Tuesday, May 12th. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Northland Securities set a $17.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Finally, Raymond James Financial restated an “outperform” rating and set a $19.00 price target on shares of Harmonic in a research note on Thursday, August 13th.

Hedge Funds Weigh In On Harmonic

A number of large investors have recently made changes to their positions in HLIT. Nykredit A S purchased a new position in shares of Harmonic in the second quarter valued at $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Harmonic during the 2nd quarter worth about $49,000. iSAM Funds UK Ltd purchased a new stake in Harmonic during the 3rd quarter worth about $49,000. Global Retirement Partners LLC boosted its stake in Harmonic by 23,193.5% in the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 7,190 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Harmonic during the 1st quarter valued at about $75,000. 99.38% of the stock is owned by institutional investors.

Harmonic Price Performance

Shares of NASDAQ HLIT opened at $12.02 on Wednesday. Harmonic has a 1-year low of $8.47 and a 1-year high of $17.68. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $12.90 and a two-hundred day simple moving average of $11.98. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -28.62 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The company had revenue of $133.46 million during the quarter, compared to the consensus estimate of $120.89 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Analysts anticipate that Harmonic will post 0.5 earnings per share for the current year.

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.