Harmonic Inc. (NASDAQ:HLIT) Given Average Recommendation of “Hold” by Brokerages

Harmonic Inc. (NASDAQ:HLIT) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.1250.

Several equities research analysts have recently commented on HLIT shares. Wall Street Zen cut shares of Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Barclays upped their price target on shares of Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Needham & Company LLC increased their price objective on shares of Harmonic from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Harmonic in a report on Tuesday, November 4th.

Harmonic Stock Performance

Harmonic stock opened at $8.87 on Monday. Harmonic has a 12-month low of $7.80 and a 12-month high of $13.75. 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 stock has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $9.57. The stock has a market capitalization of $995.51 million, a price-to-earnings ratio of 15.03 and a beta of 1.04.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. iSAM Funds UK Ltd acquired a new position in Harmonic during the 3rd quarter worth approximately $49,000. McIlrath & Eck LLC bought a new position in shares of Harmonic during the 3rd quarter worth approximately $57,000. CWM LLC grew its position in Harmonic by 132.6% during the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock valued at $68,000 after buying an additional 4,058 shares during the period. Russell Investments Group Ltd. increased its position in Harmonic by 23,297.5% in the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after buying an additional 9,319 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Harmonic in the third quarter valued at $115,000. Institutional investors own 99.38% of the company’s stock.

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.