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

Rosenblatt Securities reiterated their buy rating on shares of Harmonic (NASDAQ:HLIT) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $14.00 price objective on the communications equipment provider’s stock.

Several other equities analysts have also commented on HLIT. Barclays reduced their price objective on Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price target on shares of Harmonic from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Wolfe Research assumed coverage on shares of Harmonic in a report on Tuesday, July 8th. They issued an “underperform” rating for the company. Finally, Wall Street Zen cut shares of Harmonic from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three 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, the stock currently has an average rating of “Hold” and a consensus target price of $13.13.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $10.18 on Tuesday. The company’s fifty day moving average price is $10.20 and its 200-day moving average price is $9.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 17.25 and a beta of 1.04. Harmonic has a one year low of $7.80 and a one year high of $13.75.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The company had revenue of $142.38 million during the quarter, compared to analyst estimates of $127.94 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. On average, equities research analysts anticipate that Harmonic will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Harmonic

A number of institutional investors have recently modified their holdings of HLIT. McIlrath & Eck LLC purchased a new position in Harmonic during the 3rd quarter valued at about $57,000. CWM LLC grew its position in shares of Harmonic by 132.6% in the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after buying an additional 4,058 shares during the last quarter. Drive Wealth Management LLC purchased a new position in shares of Harmonic during the first quarter valued at approximately $111,000. Cresset Asset Management LLC increased its stake in shares of Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 1,660 shares during the period. Finally, Significant Wealth Partners LLC bought a new position in shares of Harmonic during the second quarter valued at approximately $112,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

Harmonic Company Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.