Harmonic Inc. (NASDAQ:HLIT) Stock Has Average Price Target of $17.50

Shares of Harmonic Inc. (NASDAQ:HLIT) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.50.

Several brokerages have issued reports on HLIT. Zacks Research cut Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Northland Securities set a $17.00 price target on Harmonic in a research report on Thursday, August 13th. Weiss Ratings cut Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a report on Wednesday, September 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HLIT. BlackRock Inc. acquired a new stake in Harmonic during the second quarter worth about $294,012,000. Dimensional Fund Advisors LP boosted its stake in Harmonic by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after acquiring an additional 188,293 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Harmonic by 2.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock valued at $19,724,000 after purchasing an additional 54,157 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its position in shares of Harmonic by 2.1% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock worth $11,921,000 after purchasing an additional 27,817 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Harmonic by 120.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock worth $9,455,000 after purchasing an additional 575,800 shares during the last quarter. 99.38% of the stock is owned by institutional investors and hedge funds.

Harmonic Price Performance

Shares of HLIT stock opened at $10.94 on Friday. The firm has a fifty day moving average of $11.84 and a two-hundred day moving average of $12.14. The firm has a market cap of $1.19 billion, a P/E ratio of -26.05 and a beta of 1.32. Harmonic has a 1-year low of $8.47 and a 1-year high of $17.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $120.89 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Harmonic will post 0.53 earnings per share for the current fiscal year.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video delivery solutions for communications and media companies. Its broadband portfolio includes the CableOS platform, which supports virtualized and software-based cable access networks, along with technologies for fiber, hybrid fiber-coaxial and distributed access architectures. These solutions are designed to help service providers expand network capacity, improve operating flexibility and deliver high-speed broadband services.

Harmonic also provides video infrastructure and software for broadcasters, streaming providers, pay-TV operators and other media organizations.