Harmonic (NASDAQ:HLIT) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Harmonic (NASDAQ:HLIT) in a report released on Tuesday,Benzinga reports. They currently have a $14.00 price objective on the communications equipment provider’s stock.

A number of other analysts also recently weighed in on HLIT. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Harmonic in a research note on Tuesday. Finally, Barclays boosted their price target on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.13.

Harmonic Stock Performance

HLIT opened at $10.45 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $10.03 and its two-hundred day moving average price is $9.60. The firm has a market capitalization of $1.17 billion, a P/E ratio of 24.88 and a beta of 1.06. Harmonic has a 12-month low of $7.80 and a 12-month high of $13.75.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results 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. The company had revenue of $142.38 million during the quarter, compared to analyst estimates of $127.94 million. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.The company’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. On average, equities analysts forecast that Harmonic will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLIT. Amalgamated Bank grew its stake in shares of Harmonic by 3.5% in the 3rd quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock valued at $338,000 after purchasing an additional 1,116 shares during the period. PNC Financial Services Group Inc. boosted its stake in Harmonic by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 1,162 shares in the last quarter. CWM LLC grew its position in Harmonic by 5.1% in the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock valued at $288,000 after acquiring an additional 1,376 shares during the period. Cresset Asset Management LLC grew its position in Harmonic by 16.5% in the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock valued at $112,000 after acquiring an additional 1,660 shares during the period. Finally, Significant Wealth Partners LLC raised its stake in Harmonic by 15.3% during the third quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,816 shares in the last quarter. 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.