Harmonic Inc. (NASDAQ:HLIT) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Harmonic has a consensus “Hold” rating from seven analysts: three buys, three holds and one sell. The average 12-month price target is $17.50, compared with the stock’s reported price of $12.31.
• Institutional ownership is substantial at 99.38%, with several investors adding positions during the second quarter, including California State Teachers Retirement System, which increased its holdings by 1,485.5%.
• Harmonic reported stronger-than-expected quarterly results, with EPS of $0.24 versus a $0.17 estimate and revenue of $133.46 million, up 53.5% year over year. The company guided for third-quarter 2026 EPS of $0.15–$0.19 and full-year EPS of $0.67–$0.75.

Harmonic Inc. (NASDAQ:HLIT - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.50.

A number of equities research analysts have recently issued reports on HLIT shares. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Jefferies Financial Group reissued a "hold" rating and set a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Wall Street Zen cut Harmonic from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Northland Securities set a $17.00 price objective on shares of Harmonic in a research report on Thursday, August 13th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $19.00 price objective on shares of Harmonic in a research note on Thursday, August 13th.

Institutional Investors Weigh In On Harmonic

Large investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Harmonic during the 2nd quarter worth $1,818,000. California State Teachers Retirement System lifted its holdings in Harmonic by 1,485.5% in the 2nd quarter. California State Teachers Retirement System now owns 2,008,296 shares of the communications equipment provider's stock worth $32,795,000 after buying an additional 1,881,629 shares in the last quarter. FirstWave Capital Management LLC purchased a new position in Harmonic in the 2nd quarter valued at about $1,386,000. Nykredit A S purchased a new position in Harmonic in the 2nd quarter valued at about $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Harmonic by 4.7% during the second 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 valued at $4,969,000 after acquiring an additional 13,606 shares in the last quarter. 99.38% of the stock is owned by institutional investors and hedge funds.

Harmonic Price Performance

HLIT stock opened at $12.31 on Wednesday. Harmonic has a 52-week low of $8.47 and a 52-week high of $17.68. The stock's fifty day simple moving average is $13.07 and its 200-day simple moving average is $11.94. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -29.31 and a beta of 1.32.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its 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. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business had revenue of $133.46 million for the quarter, compared to analysts' expectations of $120.89 million. During the same period last year, the company earned $0.09 earnings per share. The company's quarterly revenue was up 53.5% on a year-over-year basis. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Equities research analysts expect that Harmonic will post 0.5 EPS for the current year.

Harmonic Company Profile

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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