Harmonic (NASDAQ:HLIT) Releases Q1 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Monday morning. The company provided EPS guidance of 0.020-0.080 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $120.0 million-$135.0 million, compared to the consensus revenue estimate of $149.4 million. Harmonic also updated its FY 2025 guidance to 0.430-0.680 EPS.

Wall Street Analysts Forecast Growth

HLIT has been the subject of several recent research reports. Northland Securities reduced their price target on Harmonic from $14.00 to $12.50 and set an "outperform" rating for the company in a research report on Tuesday. Raymond James downgraded Harmonic from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $17.00 to $14.00 in a research report on Tuesday, October 29th. Jefferies Financial Group downgraded Harmonic from a "buy" rating to a "hold" rating and reduced their target price for the stock from $14.00 to $12.50 in a research note on Tuesday, October 29th. Needham & Company LLC dropped their price target on shares of Harmonic from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Rosenblatt Securities reduced their price objective on shares of Harmonic from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.

Harmonic Trading Up 2.9 %

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

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its earnings results on Monday, February 10th. The communications equipment provider reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. Harmonic had a net margin of 13.62% and a return on equity of 7.56%. Research analysts forecast that Harmonic will post 0.52 EPS for the current fiscal year.

Harmonic announced that its Board of Directors has initiated a share 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 purchase up to 15.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity at Harmonic

In other Harmonic news, CFO Walter Jankovic bought 12,000 shares of Harmonic stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $9.44 per share, for a total transaction of $113,280.00. Following the acquisition, the chief financial officer now directly owns 46,129 shares in the company, valued at $435,457.76. This represents a 35.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nimrod Ben-Natan purchased 7,780 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $9.65 per share, with a total value of $75,077.00. Following the transaction, the chief executive officer now directly owns 347,797 shares in the company, valued at $3,356,241.05. This trade represents a 2.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 29,780 shares of company stock worth $286,157. Company insiders own 2.36% of the company's stock.

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.