Harmonic (NASDAQ:HLIT) Hits New 1-Year High Following Analyst Upgrade

Harmonic Inc. (NASDAQ:HLIT)’s share price hit a new 52-week high on Friday after Needham & Company LLC raised their price target on the stock from $15.00 to $17.00. Needham & Company LLC currently has a buy rating on the stock. Harmonic traded as high as $12.18 and last traded at $11.2720, with a volume of 398759 shares. The stock had previously closed at $10.73.

Other equities research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a research report on Thursday, January 22nd. Rosenblatt Securities upped their price target on shares of Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays increased their price objective on shares of Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Harmonic has a consensus rating of “Hold” and an average target price of $14.50.

Insider Buying and Selling at Harmonic

In other Harmonic news, Director David Krall purchased 47,528 shares of the stock in a transaction dated Thursday, December 11th. The shares were bought at an average cost of $10.50 per share, with a total value of $499,044.00. Following the completion of the acquisition, the director owned 223,125 shares of the company’s stock, valued at approximately $2,342,812.50. This trade represents a 27.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neven Haltmayer sold 23,835 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $10.41, for a total transaction of $248,122.35. Following the completion of the transaction, the senior vice president owned 149,570 shares of the company’s stock, valued at $1,557,023.70. This represents a 13.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.21% of the company’s stock.

Key Headlines Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: izzi (largest MSO in Mexico) selected Harmonic’s cOS virtualized broadband platform for its fiber expansion — a tangible commercial win that validates Harmonic’s broadband push and supports future recurring bookings. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Analysts raised price targets and kept buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong upside expectations versus the current price and likely contributing to buying interest. Benzinga coverage of analyst updates
• Positive Sentiment: Company said Q4 record broadband bookings drove a 3.5 book-to-bill and confirmed the previously announced sale of its Video business is proceeding — supports management’s strategic refocus on broadband. Harmonic Announces Fourth Quarter and Fiscal 2025 Results
• Neutral Sentiment: Q4 earnings call transcripts and slide deck were released for investors looking for detail on margins, bookings and the Video sale timeline. Useful for deeper diligence but not new headline catalysts by themselves. Q4 results – presentation
• Neutral Sentiment: Data feeds show anomalous short-interest entries reporting zero shares/NaN — appears to be a reporting artifact and not an actionable signal. (Not a driver of today’s move.)
• Negative Sentiment: Top-line weakness: reported Q4 revenue (~$98.2M) missed consensus (~$141M) and was down ~42.6% YoY; company’s FY2026 and Q1 EPS guidance was raised but revenue guidance ($440M–$480M FY, $100M–$105M Q1) came in well below Street estimates — this mix raises near-term growth concerns. Harmonic Q4 Earnings and Revenues Lag Estimates

Institutional Investors Weigh In On Harmonic

A number of institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of Harmonic by 3.5% during 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% during the third 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 holdings in Harmonic by 5.1% during the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock worth $288,000 after acquiring an additional 1,376 shares during the period. Significant Wealth Partners LLC grew its holdings 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 during the period. Finally, Prudential Financial Inc. raised its position in Harmonic by 1.6% in the second quarter. Prudential Financial Inc. now owns 118,226 shares of the communications equipment provider’s stock worth $1,120,000 after acquiring an additional 1,829 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Harmonic Stock Up 1.6%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08. The stock’s fifty day simple moving average is $10.12 and its two-hundred day simple moving average is $9.94. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -27.95 and a beta of 1.05.

About Harmonic

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.