Rosenblatt Securities Reiterates “Buy” Rating for Harmonic (NASDAQ:HLIT)

Harmonic (NASDAQ:HLIT)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $20.00 price target on the communications equipment provider’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 66.67% from the stock’s previous close.

Several other analysts also recently weighed in on HLIT. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Barclays set a $16.00 target price on Harmonic in a research report on Thursday. Northland Securities set a $15.00 price target on shares of Harmonic in a report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.80.

Harmonic Price Performance

Shares of HLIT opened at $12.00 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.27 and a quick ratio of 2.03. The company’s fifty day moving average price is $13.34 and its 200-day moving average price is $11.76. Harmonic has a 1-year low of $8.47 and a 1-year high of $17.68. The firm has a market capitalization of $1.30 billion, a PE ratio of -32.43 and a beta of 1.32.

Institutional Trading of Harmonic

Hedge funds have recently added to or reduced their stakes in the company. Globeflex Capital L P acquired a new stake in Harmonic during the second quarter valued at $1,459,000. Northwestern Mutual Wealth Management Co. purchased a new position in Harmonic in the second quarter valued at $49,000. Quantbot Technologies LP acquired a new position in shares of Harmonic in the second quarter worth about $1,706,000. Ieq Capital LLC acquired a new position in shares of Harmonic in the second quarter worth about $174,000. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of Harmonic during the 2nd quarter worth about $2,327,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

More Harmonic News

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.