Harmonic (NASDAQ:HLIT) Issues Q1 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its first quarter 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.020-0.080 for the period, compared to the consensus 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.

Harmonic Trading Down 15.3 %

NASDAQ:HLIT opened at $9.42 on Wednesday. The company has a market cap of $1.10 billion, a PE ratio of 12.90 and a beta of 0.89. The business’s 50 day moving average is $12.54 and its two-hundred day moving average is $13.11. The company has a quick ratio of 1.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. Harmonic has a 52 week low of $8.42 and a 52 week high of $15.46.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Monday, February 10th. The communications equipment provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. Harmonic had a return on equity of 7.56% and a net margin of 13.62%. On average, analysts predict that Harmonic will post 0.52 EPS for the current year.

Harmonic declared that its board has approved a stock buyback plan on Monday, February 10th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 15.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Rosenblatt Securities dropped their price objective on shares of Harmonic from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday. Northland Securities dropped their price target on Harmonic from $14.00 to $12.50 and set an “outperform” rating on the stock in a research report on Tuesday. Needham & Company LLC cut their price target on Harmonic from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. Raymond James downgraded Harmonic from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $17.00 to $14.00 in a research note on Tuesday, October 29th. Finally, Barclays dropped their target price on Harmonic from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Harmonic currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

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.