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

Rosenblatt Securities restated their buy rating on shares of Harmonic (NASDAQ:HLIT) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $20.00 price target on the communications equipment provider’s stock.

A number of other equities analysts have also issued reports on HLIT. Wall Street Zen lowered shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. Zacks Research cut shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Finally, Barclays lifted their target price on Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Harmonic Stock Performance

Harmonic stock opened at $11.17 on Thursday. The stock has a 50-day simple moving average of $11.71 and a 200 day simple moving average of $12.17. 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 12-month low of $8.47 and a 12-month high of $17.68. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -26.60 and a beta of 1.34.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.07. The business had revenue of $133.46 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company 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. On average, research analysts anticipate that Harmonic will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Harmonic

A number of institutional investors have recently bought and sold shares of HLIT. BlackRock Inc. acquired a new position in shares of Harmonic in the 2nd quarter valued at $294,012,000. Dimensional Fund Advisors LP boosted its position in shares of Harmonic by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock worth $32,987,000 after purchasing an additional 188,293 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Harmonic by 2.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock worth $19,724,000 after purchasing an additional 54,157 shares during the period. Silverberg Bernstein Capital Management LLC grew its stake in shares of Harmonic by 2.1% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock worth $11,921,000 after purchasing an additional 27,817 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Harmonic by 120.7% in the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock valued at $9,455,000 after purchasing an additional 575,800 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video technology for communications service providers, broadcasters, content owners and streaming companies. Its solutions are designed to help customers deliver high-speed internet, television and streaming media services across cable, fiber and other network architectures.

The company’s broadband portfolio includes the CableOS platform, a cloud-native solution that supports the virtualization and management of cable access networks.