Wall Street Zen Downgrades Harmonic (NASDAQ:HLIT) to Buy

Posted by George Bondi on Aug 3rd, 2026

Harmonic (NASDAQ:HLIT – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently issued reports on HLIT. Barclays increased their price objective on Harmonic from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $15.00 target price on shares of Harmonic in a research note on Tuesday, May 12th. Weiss Ratings upgraded Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Needham & Company LLC increased their price target on shares of Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.60.

Check Out Our Latest Stock Analysis on HLIT

Harmonic Stock Performance

Shares of Harmonic stock opened at $11.55 on Friday. The stock has a market cap of $1.25 billion, a PE ratio of -31.22 and a beta of 1.32. The business has a fifty day simple moving average of $13.99 and a 200-day simple moving average of $11.67. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. Harmonic has a 12 month low of $8.25 and a 12 month high of $17.68.

Insider Buying and Selling at Harmonic

In other Harmonic news, Director Stephanie Copeland sold 4,300 shares of the company’s 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 directly owned 20,752 shares of the company’s stock, valued at $276,001.60. This represents a 17.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Neven Haltmayer sold 31,766 shares of Harmonic stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $13.24, for a total value of $420,581.84. Following the sale, the senior vice president owned 133,924 shares of the company’s stock, valued at approximately $1,773,153.76. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.74% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Harmonic

Hedge funds have recently added to or reduced their stakes in the company. iSAM Funds UK Ltd acquired a new stake in Harmonic in the third quarter valued at approximately $49,000. Global Retirement Partners LLC increased its stake in shares of Harmonic by 23,193.5% during the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 7,190 shares during the last quarter. KBC Group NV increased its stake in shares of Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock worth $74,000 after purchasing an additional 4,236 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Harmonic during the 1st quarter valued at $75,000. Finally, Royal Bank of Canada raised its holdings in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

About Harmonic

(Get Free Report)

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.