Harmonic Inc. (NASDAQ:HLIT) Stock Has Consensus Target Price of $17.50 According to Brokerages

Shares of Harmonic Inc. (NASDAQ:HLIT) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.50.

HLIT has been the subject of a number of analyst reports. Zacks Research downgraded Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a research note on Thursday, October 1st. Northland Securities set a $17.00 price objective on Harmonic in a research note on Thursday, August 13th. Finally, Barclays lifted their target price on Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th.

Harmonic Stock Up 1.0%

Harmonic stock opened at $10.69 on Thursday. Harmonic has a 1-year low of $8.47 and a 1-year high of $17.68. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -25.45 and a beta of 1.34. The firm’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $12.28. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. The firm had revenue of $133.46 million during the quarter, compared to analysts’ expectations of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business’s revenue was up 53.5% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. On average, equities research analysts predict that Harmonic will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nykredit A S bought a new position in Harmonic during the 2nd quarter valued at $36,000. Integrated Wealth Concepts LLC bought a new stake in shares of Harmonic in the 2nd quarter worth $47,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Harmonic in the 2nd quarter worth $49,000. Public Employees Retirement System of Ohio bought a new stake in shares of Harmonic in the 1st quarter worth $75,000. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of Harmonic in the first quarter valued at about $90,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video technology for communications service providers, broadcasters, content owners and streaming companies. Its solutions are designed to help customers deliver high-speed internet, television and streaming media services across cable, fiber and other network architectures.

The company’s broadband portfolio includes the CableOS platform, a cloud-native solution that supports the virtualization and management of cable access networks.