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

Key Points

• Harmonic has a consensus “Hold” rating from seven brokerages: three rate it a buy, three a hold and one a sell. Analysts’ average 12-month price target is $17.50, versus the reported share price of $11.10.
• The company exceeded quarterly expectations, reporting EPS of $0.24 versus the $0.17 consensus and revenue of $133.46 million, up 53.5% year over year. Harmonic also provided fiscal 2026 EPS guidance of $0.67–$0.75.
• Institutional investors own 99.38% of Harmonic’s shares, with several major funds recently increasing or initiating positions.

Shares of Harmonic Inc. (NASDAQ:HLIT - Get Free Report) have been given a consensus rating of "Hold" by the seven brokerages that are presently 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 target price among analysts that have covered the stock in the last year is $17.50.

A number of research analysts have recently issued reports on the company. Northland Securities set a $17.00 price objective on Harmonic in a research note on Thursday, August 13th. Wall Street Zen lowered Harmonic from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Zacks Research cut Harmonic from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Raymond James Financial restated an "outperform" rating and set a $19.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 target price on shares of Harmonic in a research note on Wednesday.

Harmonic Stock Up 1.0%

Shares of NASDAQ:HLIT opened at $11.10 on Friday. Harmonic has a 52-week low of $8.47 and a 52-week high of $17.68. The firm has a fifty day moving average of $12.00 and a 200 day moving average of $12.09. The firm has a market capitalization of $1.21 billion, a PE ratio of -26.43 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The firm had revenue of $133.46 million during the quarter, compared to analysts' expectations of $120.89 million. During the same period in the prior year, the business earned $0.09 EPS. The company's revenue for the quarter was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. As a group, research analysts anticipate that Harmonic will post 0.53 EPS for the current fiscal year.

Institutional Trading of Harmonic

Several large investors have recently modified their holdings of HLIT. Engineers Gate Manager LP lifted its holdings in Harmonic by 59.6% in the 2nd quarter. Engineers Gate Manager LP now owns 76,479 shares of the communications equipment provider's stock worth $1,249,000 after buying an additional 28,545 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Harmonic during the second quarter valued at approximately $47,000. Squarepoint Ops LLC raised its holdings in shares of Harmonic by 486.9% during the second quarter. Squarepoint Ops LLC now owns 344,782 shares of the communications equipment provider's stock valued at $5,630,000 after acquiring an additional 286,038 shares in the last quarter. Nykredit A S bought a new position in shares of Harmonic during the second quarter valued at approximately $36,000. Finally, Allianz Asset Management GmbH purchased a new stake in Harmonic in the second quarter worth $4,090,000. 99.38% of the stock is owned by institutional investors.

About Harmonic

Harmonic Inc NASDAQ: HLIT develops broadband access and video delivery solutions for communications and media companies. Its broadband portfolio includes the CableOS platform, which supports virtualized and software-based cable access networks, along with technologies for fiber, hybrid fiber-coaxial and distributed access architectures. These solutions are designed to help service providers expand network capacity, improve operating flexibility and deliver high-speed broadband services.

Harmonic also provides video infrastructure and software for broadcasters, streaming providers, pay-TV operators and other media organizations.

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