Harmonic (NASDAQ:HLIT) Shares Up 10.5% – Should You Buy?

Shares of Harmonic Inc. (NASDAQ:HLIT) shot up 10.5% during mid-day trading on Thursday . The company traded as high as $11.31 and last traded at $11.4060. 811,618 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 1,056,218 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

Several research firms recently commented on HLIT. Rosenblatt Securities reissued a “buy” rating and set a $16.00 price target on shares of Harmonic in a research report on Friday, March 27th. Needham & Company LLC increased their price objective on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Northland Securities set a $14.00 price objective on shares of Harmonic in a research note on Friday, February 20th. Finally, Weiss Ratings cut shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Harmonic has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Stock Up 2.9%

The firm has a fifty day simple moving average of $9.87 and a 200-day simple moving average of $9.99. The company has a market capitalization of $1.28 billion, a PE ratio of -30.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50.

Harmonic (NASDAQ:HLIT) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $140.98 million. During the same quarter last year, the company posted $0.45 earnings per share. The business’s quarterly 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. Equities research analysts anticipate that Harmonic Inc. will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HLIT. Amalgamated Bank raised its stake in shares of Harmonic by 3.5% in the 3rd quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock valued at $338,000 after purchasing an additional 1,116 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Harmonic by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 1,162 shares during the last quarter. CWM LLC grew its stake in Harmonic by 5.1% in the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock worth $288,000 after purchasing an additional 1,376 shares in the last quarter. Significant Wealth Partners LLC increased its holdings in Harmonic by 15.3% in the third quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock valued at $139,000 after buying an additional 1,816 shares during the last quarter. Finally, Stoneridge Investment Partners LLC increased its holdings in Harmonic by 7.4% in the third quarter. Stoneridge Investment Partners LLC now owns 29,130 shares of the communications equipment provider’s stock valued at $297,000 after buying an additional 2,006 shares during the last quarter. 99.38% of the stock is owned by institutional investors and hedge funds.

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.