Northland Capmk Comments on Harmonic FY2026 Earnings

Harmonic Inc. (NASDAQ:HLIT) – Stock analysts at Northland Capmk issued their FY2026 earnings estimates for Harmonic in a research report issued on Tuesday, July 29th. Northland Capmk analyst T. Savageaux forecasts that the communications equipment provider will post earnings of $0.36 per share for the year. The consensus estimate for Harmonic’s current full-year earnings is $0.31 per share.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $138.03 million during the quarter, compared to analyst estimates of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS.

A number of other brokerages have also recently commented on HLIT. Needham & Company LLC dropped their price objective on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday. Wolfe Research initiated coverage on shares of Harmonic in a research report on Tuesday, July 8th. They set an “underperform” rating on the stock. Wall Street Zen downgraded shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Rosenblatt Securities reissued a “buy” rating and set a $11.00 target price on shares of Harmonic in a research note on Tuesday. Finally, Barclays set a $8.00 price target on Harmonic and gave the company an “equal weight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Harmonic Stock Down 5.3%

Shares of HLIT stock opened at $8.51 on Thursday. Harmonic has a twelve month low of $7.80 and a twelve month high of $15.46. The stock has a market cap of $962.48 million, a P/E ratio of 14.42 and a beta of 1.05. The stock has a 50 day moving average of $9.22 and a 200 day moving average of $9.76. The company has a current ratio of 1.99, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MQS Management LLC acquired a new position in shares of Harmonic during the second quarter valued at approximately $193,000. AlphaQuest LLC raised its stake in Harmonic by 405.2% in the 2nd quarter. AlphaQuest LLC now owns 139,858 shares of the communications equipment provider’s stock valued at $1,324,000 after purchasing an additional 112,172 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Harmonic in the 2nd quarter valued at $937,000. CWM LLC boosted its stake in Harmonic by 277.7% during the 2nd quarter. CWM LLC now owns 26,886 shares of the communications equipment provider’s stock worth $255,000 after purchasing an additional 19,767 shares during the last quarter. Finally, 111 Capital boosted its stake in Harmonic by 73.5% during the 2nd quarter. 111 Capital now owns 20,575 shares of the communications equipment provider’s stock worth $195,000 after purchasing an additional 8,713 shares during the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

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.