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

Key Points

• Harmonic Inc. (NASDAQ:HLIT) has received a consensus recommendation of "Hold" from eight analysts, with one sell rating, three hold ratings, and four buy ratings.
• The average price target for Harmonic's stock is $12.17, with recent analyst ratings showing varying price targets from $8.00 to $14.00.
• In its latest earnings report, Harmonic reported an EPS of $0.09 and a revenue of $138.03 million, slightly exceeding analyst expectations.

Shares of Harmonic Inc. (NASDAQ:HLIT - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.1667.

Several analysts have recently commented on the company. Wall Street Zen cut Harmonic from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Needham & Company LLC decreased their price target on Harmonic from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Barclays decreased their price target on Harmonic from $10.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 29th. Rosenblatt Securities raised their price target on Harmonic from $11.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Harmonic in a report on Saturday, September 27th.

Hedge Funds Weigh In On Harmonic

Several hedge funds have recently added to or reduced their stakes in HLIT. CWM LLC boosted its holdings in Harmonic by 132.6% in the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock valued at $68,000 after acquiring an additional 4,058 shares during the last quarter. Drive Wealth Management LLC acquired a new position in Harmonic in the first quarter valued at about $111,000. Cresset Asset Management LLC lifted its stake in Harmonic by 16.5% in the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider's stock valued at $112,000 after buying an additional 1,660 shares during the period. Significant Wealth Partners LLC acquired a new position in Harmonic in the second quarter valued at about $112,000. Finally, Virtu Financial LLC acquired a new position in Harmonic in the first quarter valued at about $114,000. Institutional investors own 99.38% of the company's stock.

Harmonic Price Performance

Shares of HLIT stock opened at $10.69 on Friday. The stock's fifty day moving average is $9.53 and its 200-day moving average is $9.34. 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 has a market capitalization of $1.22 billion, a PE ratio of 18.12 and a beta of 1.01. Harmonic has a 52 week low of $7.80 and a 52 week high of $15.46.

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

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