Harmonic’s (HLIT) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Harmonic (NASDAQ:HLIT) in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a $14.00 target price on the communications equipment provider’s stock.

A number of other equities research analysts have also commented on HLIT. Wolfe Research assumed coverage on shares of Harmonic in a report on Tuesday, July 8th. They set an “underperform” rating on the stock. Barclays decreased their price objective on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Needham & Company LLC upped their target price on shares of Harmonic from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Harmonic has an average rating of “Hold” and an average target price of $12.38.

Harmonic Stock Down 2.2%

Shares of NASDAQ:HLIT opened at $10.43 on Tuesday. Harmonic has a 12 month low of $7.80 and a 12 month high of $13.75. The company’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $9.51. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.19 billion, a P/E ratio of 17.68 and a beta of 1.01.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The firm had revenue of $142.38 million for the quarter, compared to analyst estimates of $127.94 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was down 27.3% on a year-over-year basis. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, research analysts forecast that Harmonic will post 0.31 EPS for the current fiscal year.

Institutional Trading of Harmonic

A number of hedge funds have recently modified their holdings of the company. Significant Wealth Partners LLC raised its position in shares of Harmonic by 15.3% in the 3rd quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock valued at $139,000 after acquiring an additional 1,816 shares during the period. Summit Global Investments acquired a new stake in shares of Harmonic in the 3rd quarter valued at approximately $527,000. Stoneridge Investment Partners LLC raised its position in shares of Harmonic by 7.4% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 29,130 shares of the communications equipment provider’s stock valued at $297,000 after acquiring an additional 2,006 shares during the period. Teacher Retirement System of Texas raised its position in shares of Harmonic by 19.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 87,934 shares of the communications equipment provider’s stock valued at $895,000 after acquiring an additional 14,096 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Harmonic by 217.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 77,040 shares of the communications equipment provider’s stock valued at $784,000 after acquiring an additional 52,770 shares during the period. 99.38% of the stock is currently owned by institutional investors and hedge funds.

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.