Harmonic Inc. (NASDAQ:HLIT) Given Average Rating of “Hold” by Analysts

Harmonic Inc. (NASDAQ:HLIT) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.6667.

Several brokerages have recently commented on HLIT. Wall Street Zen downgraded Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $11.00 target price on shares of Harmonic in a report on Tuesday, July 29th. Barclays reduced their target price on Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 29th. Wolfe Research initiated coverage on shares of Harmonic in a research report on Tuesday, July 8th. They issued an “underperform” rating for the company. Finally, Needham & Company LLC dropped their price objective on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in Harmonic in the 4th quarter worth approximately $33,000. CWM LLC raised its position in Harmonic by 132.6% in the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after purchasing an additional 4,058 shares during the last quarter. Russell Investments Group Ltd. raised its position in Harmonic by 5,388.1% in the 4th quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider’s stock worth $73,000 after purchasing an additional 5,442 shares during the last quarter. Drive Wealth Management LLC bought a new position in Harmonic in the 1st quarter worth approximately $111,000. Finally, Cresset Asset Management LLC raised its position in Harmonic by 16.5% in the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,660 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Harmonic Stock Down 2.7%

Shares of HLIT opened at $8.76 on Friday. The company has a market capitalization of $996.54 million, a P/E ratio of 14.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. Harmonic has a one year low of $7.80 and a one year high of $15.46. The business’s 50 day simple moving average is $9.11 and its 200-day simple moving average is $9.45.

Harmonic (NASDAQ:HLIT) 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 business had revenue of $138.03 million for the quarter, compared to the consensus estimate of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.Harmonic’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. As a group, sell-side analysts predict that Harmonic will post 0.31 EPS for the current fiscal year.

About Harmonic

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.