Harmonic (NASDAQ:HLIT) Releases FY 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.430-0.680 for the period, compared to the consensus estimate of 0.870. The company issued revenue guidance of $585.0 million-$645.0 million, compared to the consensus revenue estimate of $720.7 million. Harmonic also updated its Q1 2025 guidance to 0.020-0.080 EPS.

Harmonic Trading Up 2.9 %

HLIT traded up $0.28 during trading hours on Thursday, reaching $9.79. The company's stock had a trading volume of 1,724,746 shares, compared to its average volume of 1,341,926. Harmonic has a fifty-two week low of $8.42 and a fifty-two week high of $15.46. The stock has a market cap of $1.14 billion, a PE ratio of 13.41 and a beta of 0.89. The business's 50-day moving average is $12.47 and its 200-day moving average is $13.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.62.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The communications equipment provider reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. Harmonic had a return on equity of 7.56% and a net margin of 13.62%. As a group, equities research analysts predict that Harmonic will post 0.52 earnings per share for the current fiscal year.

Harmonic announced that its Board of Directors has authorized a stock repurchase program on Monday, February 10th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 15.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

HLIT has been the subject of a number of research analyst reports. Barclays dropped their target price on shares of Harmonic from $14.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday. Northland Securities dropped their target price on shares of Harmonic from $14.00 to $12.50 and set an "outperform" rating for the company in a research report on Tuesday. Jefferies Financial Group lowered shares of Harmonic from a "buy" rating to a "hold" rating and reduced their target price for the company from $14.00 to $12.50 in a research note on Tuesday, October 29th. StockNews.com raised shares of Harmonic from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC reduced their price target on shares of Harmonic from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.50.

Insider Activity at Harmonic

In related news, Director David Krall acquired 10,000 shares of Harmonic stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $9.78 per share, with a total value of $97,800.00. Following the transaction, the director now directly owns 163,490 shares in the company, valued at $1,598,932.20. This represents a 6.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nimrod Ben-Natan acquired 7,780 shares of the business's stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $9.65 per share, for a total transaction of $75,077.00. Following the completion of the acquisition, the chief executive officer now directly owns 347,797 shares in the company, valued at approximately $3,356,241.05. The trade was a 2.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 29,780 shares of company stock worth $286,157. Corporate insiders own 2.36% of the company's stock.

About Harmonic

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.