Analysts Set Harmonic Inc. (NASDAQ:HLIT) Price Target at $14.50

Harmonic Inc. (NASDAQ:HLIT) has earned a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.50.

Several brokerages recently issued reports on HLIT. Needham & Company LLC increased their price objective on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Northland Securities set a $14.00 target price on Harmonic in a research note on Friday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of Harmonic in a research report on Friday, March 27th. Finally, Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th.

Harmonic Stock Up 1.5%

Harmonic stock opened at $8.98 on Friday. The firm has a market cap of $989.96 million, a PE ratio of -23.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. The firm’s 50 day moving average price is $9.93 and its two-hundred day moving average price is $10.01. Harmonic has a twelve month low of $7.80 and a twelve month high of $12.18.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same period last year, the business earned $0.45 EPS. The company’s quarterly revenue was down 42.6% on a year-over-year basis. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, research analysts predict that Harmonic will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Harmonic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLIT. Exchange Traded Concepts LLC bought a new stake in Harmonic in the third quarter worth $1,236,000. Ellsworth Advisors LLC bought a new position in Harmonic during the third quarter valued at about $5,104,000. Tudor Investment Corp ET AL raised its holdings in Harmonic by 18.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock valued at $10,317,000 after buying an additional 156,862 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in shares of Harmonic by 11.2% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock worth $12,695,000 after buying an additional 125,795 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Harmonic in the third quarter worth about $2,455,000. Institutional investors own 99.38% of the company’s stock.

About Harmonic

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.