Rosenblatt Securities Reiterates “Buy” Rating for Harmonic (NASDAQ:HLIT)

Harmonic (NASDAQ:HLIT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They currently have a $16.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 70.58% from the company’s previous close.

A number of other research firms also recently weighed in on HLIT. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Needham & Company LLC increased their price objective on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Northland Securities set a $14.00 price objective on shares of Harmonic in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.50.

Harmonic Stock Down 0.2%

Shares of Harmonic stock opened at $9.38 on Friday. The business has a 50-day moving average of $9.97 and a 200-day moving average of $10.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. The company has a market capitalization of $1.03 billion, a PE ratio of -24.05 and a beta of 1.04. Harmonic has a 1-year low of $7.80 and a 1-year high of $12.18.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The business had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue was down 42.6% compared to the same quarter last year. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, equities analysts forecast that Harmonic will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised 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 acquiring an additional 1,116 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Harmonic by 7.4% in the third quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 1,162 shares during the period. CWM LLC increased its stake in Harmonic by 5.1% during the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock valued at $288,000 after purchasing an additional 1,376 shares during the last quarter. Significant Wealth Partners LLC raised its holdings in shares of 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 purchasing an additional 1,816 shares during the period. Finally, Prudential Financial Inc. raised 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 worth $1,120,000 after purchasing an additional 1,829 shares during the period. 99.38% of the stock is currently owned by institutional investors.

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.