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

Key Points

• Harmonic Inc. (NASDAQ:HLIT) has received an average analyst rating of "Hold" with one sell, two hold, and four buy ratings from covering firms.
• The company's stock is currently trading at $10.12, having reached a fifty-two week high of $15.46 and a low of $7.80, with a market cap of $1.15 billion.
• Harmonic reported earnings of $0.09 per share for the last quarter, surpassing analysts' expectations and guiding for a Q3 2025 EPS of 0.020-0.070.

Harmonic Inc. (NASDAQ:HLIT - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.6667.

HLIT has been the subject of several research reports. Wolfe Research initiated coverage on Harmonic in a research note on Tuesday, July 8th. They set an "underperform" rating for the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $11.00 price target on shares of Harmonic in a research note on Tuesday, July 29th. Wall Street Zen downgraded Harmonic from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Needham & Company LLC cut their price target on Harmonic from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Finally, Barclays cut their price target on Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 29th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in Harmonic by 9.9% in the 2nd quarter. Squarepoint Ops LLC now owns 436,527 shares of the communications equipment provider's stock valued at $4,134,000 after purchasing an additional 39,416 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Harmonic in the 2nd quarter valued at about $1,063,000. Public Sector Pension Investment Board raised its stake in Harmonic by 3.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 385,558 shares of the communications equipment provider's stock valued at $3,651,000 after purchasing an additional 14,398 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Harmonic by 421.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,905 shares of the communications equipment provider's stock valued at $122,000 after purchasing an additional 10,428 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in Harmonic by 30.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 64,827 shares of the communications equipment provider's stock valued at $614,000 after purchasing an additional 15,016 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company's stock.

Harmonic Price Performance

Harmonic stock traded down $0.21 during midday trading on Wednesday, reaching $9.91. The company's stock had a trading volume of 704,169 shares, compared to its average volume of 1,003,408. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $15.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.58 and a current ratio of 1.99. The stock's 50 day simple moving average is $9.24 and its 200 day simple moving average is $9.35. The firm has a market capitalization of $1.13 billion, a PE ratio of 16.80 and a beta of 1.01.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its earnings results on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The company had revenue of $138.03 million during the quarter, compared to the consensus estimate of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.Harmonic's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, equities research analysts forecast that Harmonic will post 0.31 earnings per share for the current year.

Harmonic Company Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.