Harmonic (HLIT) to Release Earnings on Monday

Harmonic (NASDAQ:HLIT - Get Free Report) is expected to be announcing its earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $127.51 million for the quarter. Harmonic has set its FY 2025 guidance at 0.430-0.680 EPS and its Q1 2025 guidance at 0.020-0.080 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its earnings results on Monday, February 10th. The communications equipment provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Harmonic had a net margin of 5.78% and a return on equity of 15.90%. On average, analysts expect Harmonic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Harmonic Stock Up 0.2 %

Shares of NASDAQ:HLIT opened at $8.90 on Monday. The business has a fifty day moving average price of $9.78 and a two-hundred day moving average price of $11.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.18 and a quick ratio of 1.80. The company has a market capitalization of $1.04 billion, a PE ratio of 26.97 and a beta of 0.92. Harmonic has a 1 year low of $7.91 and a 1 year high of $15.46.

Harmonic declared that its board has authorized a share buyback plan on Monday, February 10th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLIT. Rosenblatt Securities lowered their price target on shares of Harmonic from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Barclays dropped their price target on Harmonic from $14.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group began coverage on Harmonic in a report on Friday, February 21st. They issued a "hold" rating for the company. Northland Securities dropped their price objective on shares of Harmonic from $14.00 to $12.50 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Needham & Company LLC cut their target price on shares of Harmonic from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.50.

Insider Buying and Selling at Harmonic

In other news, Director David Krall purchased 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $9.78 per share, with a total value of $97,800.00. Following the acquisition, the director now directly owns 163,490 shares in the company, valued at approximately $1,598,932.20. This trade represents a 6.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel T. Whalen purchased 3,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $10.15 per share, for a total transaction of $30,450.00. Following the acquisition, the director now owns 8,840 shares of the company's stock, valued at approximately $89,726. This trade represents a 51.37 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 32,780 shares of company stock valued at $316,607 in the last quarter. 2.36% of the stock is currently owned by corporate insiders.

Harmonic Company Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.