Harmonic Inc. (NASDAQ:HLIT) Stock Has Consensus Price Target of $17.50

by · The Cerbat Gem

Shares of Harmonic Inc. (NASDAQ:HLIT – Get Free Report) have received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.50.

HLIT has been the topic of a number of recent research reports. Wall Street Zen cut shares of Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Harmonic from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Northland Securities set a $17.00 price target on Harmonic in a research report on Thursday, August 13th. Finally, Raymond James Financial restated an “outperform” rating and issued a $19.00 price target on shares of Harmonic in a research note on Thursday, August 13th.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Harmonic during the second quarter valued at approximately $294,012,000. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 188,293 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Harmonic by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock worth $19,724,000 after acquiring an additional 54,157 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in Harmonic by 2.1% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock worth $11,921,000 after acquiring an additional 27,817 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Harmonic in the 2nd quarter valued at approximately $10,509,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Price Performance

HLIT opened at $10.83 on Thursday. The stock has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $12.31. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 28.13 and a beta of 1.34. Harmonic has a 12-month low of $8.47 and a 12-month high of $17.68.

Harmonic (NASDAQ:HLIT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.17 by $0.07. The business had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. 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. Research analysts predict that Harmonic will post 0.53 earnings per share for the current fiscal year.

About Harmonic

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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.

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