Harmonic (NASDAQ:HLIT) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Harmonic's stock price surged above its 200-day moving average of $9.34, currently trading at $10.69, indicating positive momentum.
• Recent analyst reports show mixed ratings, with Rosenblatt Securities upgrading the stock to a "buy" with a target price increase to $14.00, while Wall Street Zen downgraded it to a "hold."
• The company reported earnings of $0.09 EPS, surpassing estimates, despite a 0.5% decline in quarterly revenue compared to last year.

Shares of Harmonic Inc. (NASDAQ:HLIT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.34 and traded as high as $10.85. Harmonic shares last traded at $10.69, with a volume of 878,552 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Harmonic from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays lowered their target price on shares of Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 29th. Rosenblatt Securities raised their price target on shares of Harmonic from $11.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Harmonic in a report on Saturday, September 27th. Finally, Wolfe Research assumed coverage on shares of Harmonic in a research report on Tuesday, July 8th. They issued an "underperform" rating for the company. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Harmonic presently has an average rating of "Hold" and an average target price of $12.17.

Harmonic Trading Up 0.8%

The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average is $9.53 and its two-hundred day moving average is $9.34. The company has a market capitalization of $1.22 billion, a PE ratio of 18.12 and a beta of 1.01.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The business had revenue of $138.03 million during the quarter, compared to analyst estimates of $134.90 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. As a group, sell-side analysts predict that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. grew its stake in Harmonic by 310.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider's stock worth $29,516,000 after buying an additional 2,327,272 shares during the last quarter. Marshall Wace LLP raised its stake in Harmonic by 112.8% in the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider's stock valued at $18,231,000 after buying an additional 1,020,431 shares during the last quarter. Nuveen LLC acquired a new stake in Harmonic in the first quarter worth about $8,621,000. Hillsdale Investment Management Inc. acquired a new stake in Harmonic in the second quarter worth about $5,432,000. Finally, Lazard Asset Management LLC grew its stake in shares of Harmonic by 249.1% during the second quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider's stock worth $6,808,000 after acquiring an additional 513,022 shares during the last quarter. 99.38% of the stock is owned by institutional investors.

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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