Harmonic’s (HLIT) “Buy” Rating Reaffirmed at Rosenblatt Securities

Harmonic (NASDAQ:HLIT)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a research note issued on Thursday, Benzinga reports. They currently have a $20.00 price objective on the communications equipment provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 89.39% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on HLIT. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price target on shares of Harmonic in a report on Thursday, August 13th. Zacks Research lowered Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Barclays raised their price target on Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Northland Securities set a $17.00 price target on Harmonic in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harmonic has a consensus rating of “Hold” and an average price target of $17.50.

Harmonic Price Performance

Shares of HLIT stock opened at $10.56 on Thursday. Harmonic has a 12 month low of $8.47 and a 12 month 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 50 day moving average of $11.73 and a two-hundred day moving average of $12.17. The company has a market capitalization of $1.15 billion, a P/E ratio of -25.14 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $133.46 million during the quarter, compared to analysts’ expectations of $120.89 million. During the same period in the prior year, the firm posted $0.09 EPS. Harmonic’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. As a group, equities analysts expect that Harmonic will post 0.53 EPS for the current year.

Institutional Trading of Harmonic

Institutional investors have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Harmonic by 2.0% in the first quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider’s stock valued at $635,000 after acquiring an additional 1,383 shares during the last quarter. Aristides Capital LLC boosted its holdings in shares of Harmonic by 7.2% during the first quarter. Aristides Capital LLC now owns 21,943 shares of the communications equipment provider’s stock worth $197,000 after acquiring an additional 1,483 shares during the period. Nykredit A S bought a new stake in shares of Harmonic during the second quarter worth approximately $36,000. Caxton Associates LLP boosted its holdings in shares of Harmonic by 21.2% during the first quarter. Caxton Associates LLP now owns 15,937 shares of the communications equipment provider’s stock worth $143,000 after acquiring an additional 2,789 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Harmonic during the second quarter worth approximately $47,000. 99.38% of the stock is currently owned by institutional investors.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video delivery solutions for communications and media companies. Its broadband portfolio includes the CableOS platform, which supports virtualized and software-based cable access networks, along with technologies for fiber, hybrid fiber-coaxial and distributed access architectures. These solutions are designed to help service providers expand network capacity, improve operating flexibility and deliver high-speed broadband services.

Harmonic also provides video infrastructure and software for broadcasters, streaming providers, pay-TV operators and other media organizations.