84,874 Shares in Harmonic Inc. $HLIT Purchased by FirstWave Capital Management LLC

FirstWave Capital Management LLC purchased a new position in Harmonic Inc. (NASDAQ:HLIT) during the 2nd quarter, HoldingsChannel reports. The firm purchased 84,874 shares of the communications equipment provider’s stock, valued at approximately $1,386,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of HLIT. Vanguard Group Inc. lifted its stake in Harmonic by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider’s stock valued at $118,907,000 after buying an additional 148,281 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Harmonic by 120.7% in the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock worth $9,455,000 after buying an additional 575,800 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of Harmonic in the second quarter worth approximately $2,327,000. BlackRock Inc. purchased a new position in shares of Harmonic in the second quarter worth approximately $294,012,000. Finally, Deutsche Bank AG acquired a new stake in shares of Harmonic during the second quarter valued at approximately $1,937,000. 99.38% of the stock is owned by institutional investors and hedge funds.

Harmonic Stock Up 1.6%

HLIT stock opened at $11.78 on Friday. The company has a 50 day moving average of $12.60 and a two-hundred day moving average of $12.03. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -28.05 and a beta of 1.32. Harmonic Inc. has a 12-month low of $8.47 and a 12-month high of $17.68. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.17 by $0.07. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business had revenue of $133.46 million for the quarter, compared to analysts’ expectations of $120.89 million. During the same period in the previous year, the company posted $0.09 EPS. Harmonic’s revenue was up 53.5% on a year-over-year basis. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. On average, equities analysts anticipate that Harmonic Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on HLIT shares. Weiss Ratings downgraded shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. Raymond James Financial reiterated an “outperform” rating and set a $19.00 price objective on shares of Harmonic in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Harmonic in a research report on Tuesday, May 12th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Three 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 stock. According to data from MarketBeat.com, Harmonic currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Harmonic 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.