Analysts Set Harmonic Inc. (NASDAQ:HLIT) PT at $17.50

Shares of Harmonic Inc. (NASDAQ:HLIT) have earned an average recommendation 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 recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.50.

Several research analysts have recently weighed in on the stock. Northland Securities set a $17.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Zacks Research cut shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $19.00 target price on shares of Harmonic in a report on Thursday, August 13th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Harmonic in a research report on Wednesday, September 16th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Harmonic during the 2nd quarter valued at about $294,012,000. Dimensional Fund Advisors LP raised its stake in shares of Harmonic by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after purchasing an additional 188,293 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Harmonic by 2.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock valued at $19,724,000 after purchasing an additional 54,157 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in Harmonic by 2.1% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock worth $11,921,000 after buying an additional 27,817 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Harmonic during the second quarter worth about $10,509,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Stock Performance

NASDAQ HLIT opened at $11.29 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Harmonic has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The business has a fifty day moving average of $11.91 and a 200-day moving average of $12.12. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -26.88 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last released its earnings results 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 company had revenue of $133.46 million for the quarter, compared to analyst estimates of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. 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, analysts predict that Harmonic will post 0.53 earnings per share for the current fiscal year.

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.