Harmonic (NASDAQ:HLIT) Updates 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 EPS guidance of 0.020-0.070 for the period, compared to the consensus EPS 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 Stock Performance

Shares of NASDAQ HLIT traded down $0.05 during trading hours on Friday, hitting $8.47. 551,589 shares of the stock were exchanged, compared to its average volume of 1,175,788. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.69. The company's 50 day moving average is $9.22 and its 200 day moving average is $9.76. The firm has a market capitalization of $957.39 million, a P/E ratio of 14.33 and a beta of 1.05. Harmonic has a one year low of $7.80 and a one year high of $15.46.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $138.03 million during the quarter, compared to the consensus estimate of $134.90 million. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. Harmonic's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. On average, research analysts expect that Harmonic will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HLIT shares. Needham & Company LLC reduced their price target on shares of Harmonic from $14.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday. Wolfe Research started coverage on shares of Harmonic in a report on Tuesday, July 8th. They issued an "underperform" rating for the company. Barclays reduced their price target on shares of Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday. Wall Street Zen downgraded shares of Harmonic from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $11.00 price target on shares of Harmonic in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.67.

Hedge Funds Weigh In On Harmonic

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider's stock worth $630,000 after acquiring an additional 2,853 shares during the period. Jane Street Group LLC increased its position in shares of Harmonic by 978.5% during the 1st 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Harmonic by 9.7% during the 1st 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 purchasing an additional 31,276 shares in the last quarter. 99.38% of the stock is owned by institutional investors.

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.