Harmonic Inc. (NASDAQ:HLIT) Short Interest Up 17.9% in March

Harmonic Inc. (NASDAQ:HLIT) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,986,418 shares, a growth of 17.9% from the February 26th total of 2,531,997 shares. Based on an average daily trading volume, of 1,194,420 shares, the short-interest ratio is presently 2.5 days. Currently, 2.7% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research firms have commented on HLIT. Needham & Company LLC lifted their price objective on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Rosenblatt Securities restated a “buy” rating and issued a $16.00 target price on shares of Harmonic in a report on Friday. Northland Securities set a $14.00 target price on shares of Harmonic in a report on Friday, February 20th. Finally, Weiss Ratings cut shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new position in Harmonic in the 3rd quarter worth about $1,236,000. Ellsworth Advisors LLC bought a new stake in shares of Harmonic during the third quarter valued at approximately $5,104,000. Tudor Investment Corp ET AL boosted its holdings in shares of Harmonic by 18.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock valued at $10,317,000 after purchasing an additional 156,862 shares during the period. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Harmonic by 11.2% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock valued at $12,695,000 after purchasing an additional 125,795 shares during the period. Finally, Inspire Advisors LLC bought a new position in Harmonic in the third quarter worth approximately $2,455,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Trading Up 1.5%

Shares of HLIT stock traded up $0.13 on Tuesday, reaching $8.98. 1,311,391 shares of the company’s stock were exchanged, compared to its average volume of 1,122,524. The company’s fifty day simple moving average is $9.95 and its 200 day simple moving average is $10.02. Harmonic has a 52 week low of $7.80 and a 52 week high of $12.18. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $989.97 million, a PE ratio of -23.03 and a beta of 1.04.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The business had revenue of ($53.02) million during the quarter, compared to the consensus estimate of $140.98 million. During the same period last year, the company earned $0.45 EPS. The business’s revenue was down 42.6% compared to the same quarter last year. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, analysts forecast that Harmonic will post 0.31 EPS for the current year.

About Harmonic

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.