Harmonic Inc. (NASDAQ:HLIT) Given Average Rating of “Hold” by Analysts

Harmonic Inc. (NASDAQ:HLIT) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.6667.

Several brokerages have weighed in on HLIT. Wall Street Zen lowered Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Barclays decreased their target price on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 29th. Wolfe Research started coverage on shares of Harmonic in a research report on Tuesday, July 8th. They issued an “underperform” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $11.00 target price on shares of Harmonic in a research report on Tuesday, July 29th. Finally, Needham & Company LLC decreased their target price on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th.

Harmonic Stock Performance

Harmonic stock opened at $9.91 on Wednesday. The stock has a market cap of $1.13 billion, a P/E ratio of 16.80 and a beta of 1.01. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $9.23 and a 200-day moving average of $9.35. Harmonic has a 52 week low of $7.80 and a 52 week high of $15.46.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The firm had revenue of $138.03 million for the quarter, compared to analysts’ expectations of $134.90 million. During the same period last year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, analysts expect that Harmonic will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in shares of Harmonic by 4.2% during the first quarter. Arizona State Retirement System now owns 33,392 shares of the communications equipment provider’s stock valued at $320,000 after purchasing an additional 1,344 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock valued at $112,000 after purchasing an additional 1,660 shares during the period. Prudential Financial Inc. increased its holdings in shares of Harmonic by 1.6% during the second quarter. Prudential Financial Inc. now owns 118,226 shares of the communications equipment provider’s stock valued at $1,120,000 after purchasing an additional 1,829 shares during the period. Bouvel Investment Partners LLC increased its holdings in shares of Harmonic by 1.8% during the first quarter. Bouvel Investment Partners LLC now owns 120,524 shares of the communications equipment provider’s stock valued at $1,156,000 after purchasing an additional 2,079 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Harmonic by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,811 shares of the communications equipment provider’s stock valued at $831,000 after purchasing an additional 2,146 shares during the period. 99.38% of the stock is owned by institutional investors and hedge funds.

Harmonic Company Profile

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.