Harmonic (NASDAQ:HLIT – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.150-0.190 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $125.0 million-$135.0 million, compared to the consensus revenue estimate of $120.3 million. Harmonic also updated its FY 2026 guidance to 0.670-0.750 EPS.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $15.00 price target on shares of Harmonic in a report on Tuesday, May 12th. Weiss Ratings raised shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Wall Street Zen cut Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research lowered shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Northland Securities set a $15.00 price objective on Harmonic in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.60.
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Harmonic Price Performance
Harmonic (NASDAQ:HLIT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The company had revenue of $133.46 million for the quarter, compared to analysts’ expectations of $120.89 million. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. As a group, research analysts expect that Harmonic will post 0.48 earnings per share for the current year.
Insider Activity at Harmonic
In other news, Director Stephanie Copeland sold 4,300 shares of Harmonic stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $13.30, for a total value of $57,190.00. Following the transaction, the director owned 20,752 shares in the company, valued at approximately $276,001.60. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.74% of the company’s stock.
Hedge Funds Weigh In On Harmonic
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its position in Harmonic by 290.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after buying an additional 729,269 shares during the period. Walleye Capital LLC purchased a new stake in shares of Harmonic during the fourth quarter valued at approximately $7,182,000. Lazard Asset Management LLC increased its holdings in shares of Harmonic by 249.1% in the 2nd quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock worth $6,808,000 after purchasing an additional 513,022 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Harmonic by 37.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock worth $12,990,000 after buying an additional 371,302 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Harmonic by 99.5% during the second quarter. AQR Capital Management LLC now owns 711,638 shares of the communications equipment provider’s stock valued at $6,739,000 after purchasing an additional 354,845 shares during the period. Institutional investors own 99.38% of the company’s stock.
Harmonic Company Profile
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.
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