Hulk Hogan, wrestling icon, dies at 71 in Florida home
Rosenblatt Securities maintained its Buy rating and $11.00 price target on Harmonic Inc . (NASDAQ:HLIT) following investor meetings with the company’s leadership last week. According to InvestingPro data, analyst targets range from $10 to $14, with the stock currently trading at $8.91, suggesting potential upside. The stock has declined over 32% in the past six months.
The research firm met with Harmonic’s CEO Nimrod Ben Natan and CFO Walter Jankovic, reinforcing its view that the company is in the early stages of a multi-year product cycle as it enables next-generation broadband infrastructure development. InvestingPro analysis shows management’s confidence through aggressive share buybacks, while maintaining a moderate debt level with a debt-to-equity ratio of 0.33.
Rosenblatt noted that Harmonic’s near-term growth is currently constrained by slower-than-anticipated rollouts by its largest customers, though these issues appear to be resolving.
The firm expects an improved performance in the second half of the year for Harmonic, with a potential acceleration in growth rate in 2026 as customer deployment issues are addressed.
Despite maintaining its positive long-term outlook on the company, Rosenblatt acknowledged the lack of specific near-term catalysts might keep Harmonic shares trading within their current range.
In other recent news, Harmonic Inc. reported its Q1 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.11, significantly higher than the forecasted $0.05. The company’s revenue reached $133.1 million, exceeding the anticipated $128.01 million, marking a 9% year-over-year increase. Despite these positive results, Harmonic has retracted its full-year guidance due to uncertainties around tariffs and their potential impact on the economy and customer behavior. Rosenblatt Securities recently adjusted its price target for Harmonic, reducing it to $11 from $12, while maintaining a Buy rating, citing the company’s strong quarterly performance and new customer acquisitions. The firm’s analyst remains optimistic about Harmonic’s CableOS solution, which is expected to lead in next-generation broadband technology. Harmonic’s management highlighted strong cash flow and significant contributions from major customers such as Comcast (NASDAQ:CMCSA) and Charter. The company anticipates continued revenue growth in 2026, although it remains cautious about the immediate future due to potential tariff impacts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.