Harmonic (HLIT) Projected to Post Earnings on Monday

Harmonic (NASDAQ:HLIT - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Monday, July 28th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $134.90 million for the quarter. Harmonic has set its Q2 2025 guidance at -0.040 EPS.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. Harmonic had a return on equity of 18.28% and a net margin of 7.72%. The company had revenue of $133.14 million during the quarter, compared to analysts' expectations of $127.51 million. Harmonic's revenue was up 9.1% on a year-over-year basis. On average, analysts expect Harmonic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Harmonic Stock Performance

Shares of HLIT traded down $0.12 during mid-day trading on Thursday, reaching $8.95. The company's stock had a trading volume of 218,077 shares, compared to its average volume of 1,151,898. The stock has a market cap of $1.01 billion, a P/E ratio of 19.88 and a beta of 1.05. The company has a current ratio of 2.06, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27. Harmonic has a 1-year low of $7.91 and a 1-year high of $15.46. The business has a 50-day simple moving average of $9.28 and a two-hundred day simple moving average of $9.93.

Institutional Investors Weigh In On Harmonic

A number of large investors have recently made changes to their positions in HLIT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Harmonic by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider's stock valued at $630,000 after acquiring an additional 2,853 shares during the last quarter. Jane Street Group LLC boosted its stake in Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider's stock valued at $2,373,000 after buying an additional 224,534 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Harmonic by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider's stock valued at $3,390,000 after buying an additional 31,276 shares during the last quarter. 99.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen cut Harmonic from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Wolfe Research assumed coverage on Harmonic in a research note on Tuesday, July 8th. They issued an "underperform" rating on the stock. Rosenblatt Securities restated a "buy" rating and set a $11.00 price objective on shares of Harmonic in a research report on Tuesday, June 17th. Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of Harmonic in a research report on Tuesday, April 29th. Finally, Barclays reaffirmed an "underperform" rating on shares of Harmonic in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Harmonic presently has an average rating of "Hold" and an average target price of $12.33.

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.