Needham lowered the firm’s price target on Harmonic (HLIT) to $12 from $14 and keeps a Buy rating on the shares. Cable upgrade spending continues to be “anemic,” the analyst tells investors in a research note. The firm says Harmonic’s fate lies with its two major customers, Comcast (CMCSA) and Charter (CHTR), who remain largely stalled.
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Read More on HLIT:
- Harmonic’s Strategic Challenges and Turnaround Potential: A Buy Rating Despite Revenue Shortfalls
- Harmonic price target lowered to $8 from $10 at Barclays
- Harmonic Inc. Exceeds Q2 2025 Revenue Expectations
- Harmonic reports Q2 adjusted EPS 9c, consensus 4c
- Harmonic sees Q3 adjusted EPS 2c-7c, consensus 16c