Harmonic (NASDAQ:HLIT) Earns Buy Rating from Rosenblatt Securities

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

Several other equities research analysts also recently issued reports on HLIT. Wall Street Zen downgraded shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Zacks Research downgraded shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a research note on Thursday, August 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Harmonic currently has an average rating of “Hold” and an average price target of $17.50.

Harmonic Trading Up 0.1%

Shares of NASDAQ:HLIT opened at $10.56 on Thursday. Harmonic has a 52-week low of $8.47 and a 52-week high of $17.68. The company has a market capitalization of $1.15 billion, a P/E ratio of -25.14 and a beta of 1.32. The company has a 50-day simple moving average of $11.73 and a 200 day simple moving average of $12.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05.

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, beating the consensus estimate of $0.17 by $0.07. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business had revenue of $133.46 million during the quarter, compared to the consensus estimate of $120.89 million. During the same period last year, the business posted $0.09 EPS. Harmonic’s revenue was up 53.5% on a year-over-year basis. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Sell-side analysts forecast that Harmonic will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Harmonic

Several hedge funds have recently bought and sold shares of HLIT. Nykredit A S bought a new position in shares of Harmonic during the second quarter worth approximately $36,000. Integrated Wealth Concepts LLC bought a new position in shares of Harmonic during the second quarter worth approximately $47,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Harmonic during the second quarter worth approximately $49,000. Global Retirement Partners LLC bought a new position in shares of Harmonic during the second quarter worth approximately $105,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Harmonic during the first quarter worth approximately $75,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Harmonic Company Profile

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.