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

Harmonic Inc. (NASDAQ:HLIT) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.50.

Several research firms have recently commented on HLIT. Zacks Research lowered Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Weiss Ratings cut shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th.

Institutional Investors Weigh In On Harmonic

Several large investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Harmonic in the 2nd quarter valued at about $1,818,000. California State Teachers Retirement System lifted its stake in Harmonic by 1,485.5% in the second quarter. California State Teachers Retirement System now owns 2,008,296 shares of the communications equipment provider’s stock worth $32,795,000 after acquiring an additional 1,881,629 shares during the last quarter. FirstWave Capital Management LLC purchased a new stake in shares of Harmonic in the 2nd quarter valued at approximately $1,386,000. Nykredit A S acquired a new stake in shares of Harmonic in the 2nd quarter valued at $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Harmonic by 4.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,286 shares of the communications equipment provider’s stock worth $4,969,000 after purchasing an additional 13,606 shares during the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Price Performance

Shares of HLIT stock opened at $11.72 on Wednesday. Harmonic has a 12 month low of $8.47 and a 12 month high of $17.68. The company has a market capitalization of $1.28 billion, a PE ratio of -27.90 and a beta of 1.32. The firm’s 50-day moving average is $12.79 and its two-hundred day moving average is $12.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.07. The company had revenue of $133.46 million during 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%. Harmonic’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Analysts predict that Harmonic will post 0.5 earnings per share for the current year.

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.