Harmonic (NASDAQ:HLIT) Issues Quarterly Earnings Results

by · The Cerbat Gem

Harmonic (NASDAQ:HLIT – Get Free Report) released its quarterly earnings data on Monday. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09, FiscalAI reports. The company had revenue of $121.70 million during the quarter, compared to analysts’ expectations of $102.21 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. Harmonic updated its FY 2026 guidance to 0.570-0.670 EPS and its Q2 2026 guidance to 0.150-0.190 EPS.

Harmonic Stock Up 0.2%

Shares of HLIT traded up $0.02 during mid-day trading on Monday, hitting $12.83. The company’s stock had a trading volume of 3,001,515 shares, compared to its average volume of 1,146,904. The company’s 50-day moving average is $9.96 and its 200-day moving average is $10.03. Harmonic has a 52-week low of $7.80 and a 52-week high of $13.09. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -32.90 and a beta of 1.24. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HLIT. iSAM Funds UK Ltd purchased a new position in Harmonic in the third quarter worth $49,000. Royal Bank of Canada increased its position in shares of Harmonic by 64.6% during the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 3,000 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Harmonic during the fourth quarter worth $90,000. Russell Investments Group Ltd. increased its position in shares of Harmonic by 23,297.5% during the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after purchasing an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in shares of Harmonic during the fourth quarter worth $107,000. Institutional investors own 99.38% of the company’s stock.

Wall Street Analyst Weigh In

HLIT has been the subject of several research reports. Weiss Ratings cut shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Needham & Company LLC upped their price target on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of Harmonic in a research report on Friday, March 27th. Finally, Northland Securities set a $14.00 price target on shares of Harmonic in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.50.

View Our Latest Stock Analysis on HLIT

About Harmonic

(Get Free Report)

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.

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