Harmonic’s (HLIT) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Harmonic (NASDAQ:HLIT) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $20.00 price target on the communications equipment provider’s stock.

Several other equities analysts have also weighed in on the stock. Northland Securities set a $15.00 price objective on shares of Harmonic in a report on Tuesday, May 12th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Finally, Barclays upped their price target on Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Harmonic presently has an average rating of “Hold” and an average target price of $17.50.

Harmonic Stock Up 6.4%

Shares of NASDAQ HLIT opened at $13.92 on Thursday. The company has a quick ratio of 2.03, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.51 billion, a PE ratio of -33.14 and a beta of 1.32. The company’s fifty day simple moving average is $13.32 and its 200 day simple moving average is $11.80. Harmonic has a 12-month low of $8.47 and a 12-month high of $17.68.

Institutional Investors Weigh In On Harmonic

A number of hedge funds have recently modified their holdings of HLIT. Northwestern Mutual Wealth Management Co. bought a new position in Harmonic during the second quarter valued at $49,000. iSAM Funds UK Ltd purchased a new stake in Harmonic in the third quarter worth $49,000. Ancora Advisors LLC bought a new stake in shares of Harmonic in the second quarter valued at $105,000. Global Retirement Partners LLC bought a new stake in shares of Harmonic in the second quarter valued at $105,000. Finally, KBC Group NV raised its stake in shares of Harmonic by 130.7% in the fourth quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after buying an additional 4,236 shares during the period. Institutional investors own 99.38% of the company’s stock.

Key Headlines Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Harmonic reported adjusted earnings of $0.24 per share, up from $0.09 a year earlier and above the analyst consensus of $0.17. Revenue also surpassed expectations, reinforcing the positive market reaction. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Rosenblatt reaffirmed its Buy rating and $20 price target, implying substantial potential upside from recent trading levels. The endorsement may support investor confidence following the earnings beat. Rosenblatt Buy Rating and Price Target
• Positive Sentiment: Unusually high call-option activity indicated increased speculative or bullish interest in Harmonic. Investors purchased roughly 3,305 call options, about 50% above typical daily volume, although options activity does not guarantee sustained buying.
• Neutral Sentiment: Jefferies maintained its Hold rating, suggesting the firm sees balanced risk and reward despite the recent earnings strength. Jefferies Keeps Hold Rating on Harmonic
• Neutral Sentiment: Harmonic plans to meet investors at the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 25. The event could provide additional details on outlook and strategy, but the announcement itself does not change fundamentals. Harmonic Investor Conference Announcement
• Negative Sentiment: Harmonic delayed its quarterly 10-Q filing after submitting a Form 12b-25. The delay is reportedly connected to the company’s business sale and related reporting work, but investors may remain cautious until the filing provides complete financial and transaction details. Harmonic Delays Its Next 10-Q Filing

Harmonic Company Profile

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.