Harmonic Inc. (NASDAQ:HLIT) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts give Harmonic an average recommendation of Hold based on five firms (2 sell, 1 hold, 2 buy), with a 1-year average target price of $14.50.
• Harmonic missed recent quarterly estimates, reporting $0.06 EPS versus $0.10 expected and revenue down 42.6% year-over-year, while guiding FY2026 EPS to $0.460–$0.630 and Q1 2026 to $0.110–$0.120.
• Shares trade around $9.38 with a market cap of about $1.03 billion, a negative P/E, a 12-month range of $7.80–$12.18, and roughly 99.4% institutional ownership.

Harmonic Inc. (NASDAQ:HLIT - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.50.

HLIT has been the subject of several recent research reports. Rosenblatt Securities restated a "buy" rating and set a $16.00 price target on shares of Harmonic in a research report on Friday. Needham & Company LLC lifted their price objective on shares of Harmonic from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Northland Securities set a $14.00 target price on shares of Harmonic in a research note on Friday, February 20th. Finally, Weiss Ratings cut shares of Harmonic from a "hold (c)" rating to a "sell (d)" rating in a research report on Friday, March 6th.

Harmonic Stock Performance

Shares of HLIT opened at $9.38 on Friday. The stock has a market capitalization of $1.03 billion, a PE ratio of -24.05 and a beta of 1.04. The business's fifty day moving average price is $9.97 and its 200 day moving average price is $10.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. Harmonic has a 12-month low of $7.80 and a 12-month high of $12.18.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of ($53.02) million for the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The firm's revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Equities research analysts forecast that Harmonic will post 0.31 EPS for the current year.

Institutional Trading of Harmonic

Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in Harmonic by 3.5% during the 3rd quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider's stock worth $338,000 after acquiring an additional 1,116 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Harmonic by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider's stock valued at $172,000 after purchasing an additional 1,162 shares during the period. CWM LLC lifted its holdings in Harmonic by 5.1% in the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider's stock worth $288,000 after purchasing an additional 1,376 shares during the period. Significant Wealth Partners LLC lifted its holdings in Harmonic by 15.3% in the third quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider's stock worth $139,000 after purchasing an additional 1,816 shares during the period. Finally, Prudential Financial Inc. grew its position in Harmonic by 1.6% in the 2nd quarter. Prudential Financial Inc. now owns 118,226 shares of the communications equipment provider's stock valued at $1,120,000 after buying an additional 1,829 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

About Harmonic

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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