Rosenblatt Securities Increases Harmonic (NASDAQ:HLIT) Price Target to $16.00

Harmonic (NASDAQ:HLIT) had its target price raised by stock analysts at Rosenblatt Securities from $14.00 to $16.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 46.79% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Barclays boosted their target price on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a research note on Thursday, January 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Harmonic in a research note on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Trading Up 1.6%

Shares of HLIT opened at $10.90 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.22 billion, a PE ratio of -27.95 and a beta of 1.05. Harmonic has a 1 year low of $7.80 and a 1 year high of $12.18. The stock has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $9.95.

Insider Buying and Selling

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

Institutional Trading of Harmonic

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLIT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after buying an additional 2,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Harmonic by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock valued at $3,390,000 after acquiring an additional 31,276 shares during the last quarter. Jane Street Group LLC boosted its stake in Harmonic by 978.5% in the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after acquiring an additional 224,534 shares during the last quarter. CWM LLC grew its holdings in Harmonic by 277.7% during the 2nd quarter. CWM LLC now owns 26,886 shares of the communications equipment provider’s stock worth $255,000 after acquiring an additional 19,767 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Harmonic during the 2nd quarter valued at $937,000. 99.38% of the stock is owned by institutional investors.

Key Harmonic News

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

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.