Harmonic (NASDAQ:HLIT) Issues Q3 2025 Earnings Guidance

Key Points

• Harmonic issued Q3 2025 earnings guidance with EPS expected between $0.020-$0.070, significantly lower than the consensus estimate of $0.130, and revenue guidance of $120-$135 million versus the consensus of $154.3 million.
• Shares of HLIT rose 1.6% to $9.14 during midday trading, with a current market cap of $1.03 billion and a PE ratio of 20.31.
• Brokerage analysts are mixed on Harmonic, with a consensus rating of "Hold" and a target price of $12.33, while some firms have issued "buy" and "underperform" ratings on the stock.

Harmonic (NASDAQ:HLIT - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.020-0.070 for the period, compared to the consensus estimate of 0.130. The company issued revenue guidance of $120.0 million-$135.0 million, compared to the consensus revenue estimate of $154.3 million.

Harmonic Trading Up 1.6%

Shares of HLIT traded up $0.14 during midday trading on Monday, reaching $9.14. The company had a trading volume of 2,301,687 shares, compared to its average volume of 1,207,680. Harmonic has a 1-year low of $7.91 and a 1-year high of $15.46. The stock has a market cap of $1.03 billion, a PE ratio of 20.31 and a beta of 1.05. The firm has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.82. The company has a quick ratio of 1.69, a current ratio of 2.06 and a debt-to-equity ratio of 0.27.

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its earnings results on Monday, April 28th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $133.14 million during the quarter, compared to the consensus estimate of $127.51 million. Harmonic's revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts forecast that Harmonic will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HLIT. Rosenblatt Securities reissued a "buy" rating and set a $11.00 price objective on shares of Harmonic in a research report on Tuesday, June 17th. Wolfe Research began coverage on Harmonic in a research report on Tuesday, July 8th. They set an "underperform" rating for the company. Needham & Company LLC reissued a "buy" rating and set a $14.00 price objective on shares of Harmonic in a research report on Tuesday, April 29th. Barclays reissued an "underperform" rating on shares of Harmonic in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded Harmonic from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Harmonic has an average rating of "Hold" and a consensus price target of $12.33.

Institutional Trading of Harmonic

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $630,000 after purchasing an additional 2,853 shares during the period. Jane Street Group LLC increased 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 worth $2,373,000 after purchasing an additional 224,534 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 worth $3,390,000 after buying an additional 31,276 shares during the period. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

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