Harmonic (NASDAQ:HLIT) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Harmonic (NASDAQ:HLIT) announced its quarterly earnings data on Monday. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09, FiscalAI reports. The firm had revenue of $121.70 million during the quarter, compared to analyst estimates of $102.21 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. Harmonic updated its FY 2026 guidance to 0.570-0.670 EPS and its Q2 2026 guidance to 0.150-0.190 EPS.

Harmonic Stock Performance

NASDAQ:HLIT traded up $0.02 during midday trading on Monday, hitting $12.83. The company’s stock had a trading volume of 2,917,980 shares, compared to its average volume of 1,145,249. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $13.09. The firm’s 50 day moving average is $9.96 and its 200-day moving average is $10.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. The firm has a market cap of $1.39 billion, a P/E ratio of -32.90 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HLIT. Weiss Ratings lowered shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Northland Securities set a $14.00 price objective on shares of Harmonic in a research report on Friday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Harmonic in a research report on Friday, March 27th. Finally, 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.50.

Hedge Funds Weigh In On Harmonic

Several hedge funds and other institutional investors have recently bought and sold shares of HLIT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Harmonic by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after buying an additional 2,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Harmonic by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock worth $3,390,000 after purchasing an additional 31,276 shares during the period. Jane Street Group LLC grew its stake in shares of Harmonic by 978.5% during the 1st quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock worth $2,373,000 after purchasing an additional 224,534 shares during the period. American Century Companies Inc. grew its stake in shares of Harmonic by 239.3% during the 2nd quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock worth $1,050,000 after purchasing an additional 78,214 shares during the period. Finally, Norges Bank acquired a new stake in shares of Harmonic during the 2nd quarter worth approximately $1,426,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.