Harmonic (NASDAQ:HLIT) Releases Q1 2025 Earnings Guidance

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

Harmonic stock opened at $11.12 on Tuesday. The stock has a 50-day moving average price of $12.61 and a two-hundred day moving average price of $13.13. Harmonic has a 12 month low of $9.10 and a 12 month high of $15.46. The company has a market capitalization of $1.30 billion, a PE ratio of 15.23 and a beta of 0.89. The company has a current ratio of 2.08, a quick ratio of 1.62 and a debt-to-equity ratio of 0.29.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Monday, February 10th. The communications equipment provider reported $0.38 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Harmonic will post 0.52 EPS for the current year.

Harmonic declared that its Board of Directors has approved a share repurchase program on Monday, February 10th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 15.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on HLIT shares. Northland Securities decreased their price objective on Harmonic from $14.00 to $12.50 and set an “outperform” rating for the company in a report on Tuesday. Jefferies Financial Group cut Harmonic from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $12.50 in a research note on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Harmonic in a research note on Tuesday, February 4th. Barclays downgraded shares of Harmonic from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $17.00 to $14.00 in a research report on Thursday, January 9th. Finally, Raymond James downgraded shares of Harmonic from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $17.00 to $14.00 in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Harmonic presently has an average rating of “Moderate Buy” and an average target price of $13.83.

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.