Harmonic (NASDAQ:HLIT) Releases FY 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.430-0.680 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HLIT shares. 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 report on Tuesday. Raymond James cut Harmonic from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $17.00 to $14.00 in a research report on Tuesday, October 29th. Jefferies Financial Group lowered Harmonic from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $12.50 in a research note on Tuesday, October 29th. Northland Securities reduced their price objective on shares of Harmonic from $14.00 to $12.50 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Rosenblatt Securities decreased their target price on Harmonic from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Harmonic Price Performance

HLIT opened at $9.42 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.62 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.90 and a beta of 0.89. The business’s fifty day simple moving average is $12.54 and its 200-day simple moving average is $13.11. 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, equities research analysts anticipate that Harmonic will post 0.52 earnings per share for the current fiscal year.

Harmonic declared that its Board of Directors has authorized a stock buyback 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 purchase up to 15.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors 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.