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 EPS guidance of 0.430-0.680 for the period, compared to the consensus EPS 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.

Harmonic Trading Down 0.1 %

NASDAQ:HLIT opened at $11.12 on Tuesday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.23 and a beta of 0.89. Harmonic has a 1-year low of $9.10 and a 1-year high of $15.46. The business’s 50-day moving average price is $12.61 and its two-hundred day moving average price is $13.13. 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 for the quarter, topping the consensus estimate of $0.37 by $0.01. Harmonic had a net margin of 13.62% and a return on equity of 7.56%. On average, equities analysts expect that Harmonic will post 0.52 earnings per share for the current year.

Harmonic announced that its board has approved a share buyback plan on Monday, February 10th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 15.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

HLIT has been the subject of a number of research analyst reports. Needham & Company LLC decreased their target price on Harmonic from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 price objective on shares of Harmonic in a research report on Tuesday, February 4th. Northland Securities dropped their target price on shares of Harmonic from $14.00 to $12.50 and set an “outperform” rating on the stock in a report on Tuesday. Barclays cut shares of Harmonic from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $17.00 to $14.00 in a report on Thursday, January 9th. Finally, Jefferies Financial Group lowered shares of Harmonic from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $12.50 in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently 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.