Harmonic (NASDAQ:HLIT) Updates 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.

Analyst Upgrades and Downgrades

HLIT has been the topic of a number of recent research reports. Rosenblatt Securities reduced their price target on shares of Harmonic from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James lowered shares of Harmonic from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $17.00 to $14.00 in a report on Tuesday, October 29th. Needham & Company LLC lowered their price target on Harmonic from $18.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday. Barclays reduced their price objective on Harmonic from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group lowered Harmonic from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $12.50 in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Harmonic currently has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Harmonic Stock Performance

Shares of HLIT stock opened at $9.42 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.62. The company’s fifty day moving average price is $12.54 and its two-hundred day moving average price is $13.11. The firm has a market capitalization of $1.10 billion, a P/E ratio of 12.90 and a beta of 0.89. Harmonic has a 12 month low of $8.42 and a 12 month high of $15.46.

Harmonic (NASDAQ:HLIT) last released its quarterly 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 return on equity of 7.56% and a net margin of 13.62%. On average, research analysts anticipate that Harmonic will post 0.52 earnings per share for the current fiscal year.

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

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.