Harmonic (NASDAQ:HLIT) Given "Buy" Rating at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed a “Buy” rating on Harmonic with a $20 price target, implying 66.67% upside from the prior close.
• Despite the bullish call, analyst sentiment is mixed: Harmonic has a consensus “Hold” rating and an average price target of $16.80, with two Buys, three Holds, and one Sell.
• Harmonic’s shares opened at $12.00, while institutional investors own a substantial 99.38% of the company. The stock trades below its 50-day moving average but above its 200-day average.

Harmonic (NASDAQ:HLIT - Get Free Report)'s stock had its "buy" rating reissued by Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $20.00 target price on the communications equipment provider's stock. Rosenblatt Securities' price objective indicates a potential upside of 66.67% from the company's previous close.

A number of other equities research analysts have also recently commented on the company. Northland Securities set a $15.00 price target on Harmonic in a report on Tuesday, May 12th. Wall Street Zen cut Harmonic from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings raised Harmonic from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, July 17th. Needham & Company LLC reissued a "buy" rating on shares of Harmonic in a report on Thursday. Finally, Zacks Research downgraded Harmonic from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Harmonic has a consensus rating of "Hold" and a consensus price target of $16.80.

Harmonic Stock Up 4.8%

Shares of Harmonic stock opened at $12.00 on Thursday. Harmonic has a twelve month low of $8.47 and a twelve month high of $17.68. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. The company's 50 day moving average is $13.34 and its 200 day moving average is $11.76. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -32.43 and a beta of 1.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sei Investments Co. grew its stake in Harmonic by 2.0% during the 1st quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider's stock worth $635,000 after buying an additional 1,383 shares during the last quarter. Aristides Capital LLC increased its position in Harmonic by 7.2% during the 1st quarter. Aristides Capital LLC now owns 21,943 shares of the communications equipment provider's stock valued at $197,000 after buying an additional 1,483 shares in the last quarter. Inspire Investing LLC raised its stake in Harmonic by 5.4% in the fourth quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider's stock valued at $467,000 after buying an additional 2,428 shares during the last quarter. Stephens Inc. AR raised its stake in Harmonic by 6.5% in the fourth quarter. Stephens Inc. AR now owns 41,893 shares of the communications equipment provider's stock valued at $414,000 after buying an additional 2,548 shares during the last quarter. Finally, Caxton Associates LLP boosted its holdings in Harmonic by 21.2% in the first quarter. Caxton Associates LLP now owns 15,937 shares of the communications equipment provider's stock worth $143,000 after acquiring an additional 2,789 shares in the last quarter. Institutional investors own 99.38% of the company's stock.

Key Stories Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Harmonic reported adjusted earnings of $0.24 per share, ahead of the $0.17 consensus estimate and up from $0.09 a year earlier. Revenue reached $133.46 million, surpassing estimates of $120.89 million and increasing 53.5% year over year. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full-year guidance was raised above analyst expectations. Harmonic now expects fiscal 2026 earnings per share of $0.67 to $0.75, versus the $0.40 consensus estimate, and revenue of $505 million to $525 million, compared with expectations of $486.8 million. Harmonic Q2 2026 Earnings Call Transcript
• Positive Sentiment: Third-quarter projections also exceeded consensus. Management forecasts EPS of $0.15 to $0.19 and revenue of $125 million to $135 million, above analyst estimates of $0.10 and $120.3 million, respectively.
• Neutral Sentiment: The stock’s technical position is mixed. HLIT’s quoted opening level was below its 50-day moving average of $13.34 but above its 200-day average of $11.76, suggesting near-term weakness has not fully overturned the longer-term recovery trend.
• Negative Sentiment: Harmonic delayed its quarterly filing. The company submitted a Form 12b-25 notification after the sale of a business, which may prompt investor caution until the filing is completed and the transaction’s accounting implications are clearer. Harmonic Delays Quarterly Filing After Business Sale

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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