Harmonic (NASDAQ:HLIT) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Key Points

• Harmonic's earnings surpassed expectations, reporting $0.05 EPS compared to the estimated $0.03, showcasing a strong return on equity of 18.28% and a net margin of 7.72%.
• The company's stock (NASDAQ:HLIT) saw an increase of $0.14, closing at $9.14, with institutional investors owning approximately 99.38% of the shares.
• Analysts have mixed views on Harmonic, with a consensus rating of "Hold" and an average price target of $12.33, reflecting differing opinions on the company's future performance.

Harmonic (NASDAQ:HLIT - Get Free Report) posted its quarterly earnings data on Monday. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06, Briefing.com reports. Harmonic had a return on equity of 18.28% and a net margin of 7.72%. The business had revenue of $138.03 million for the quarter, compared to the consensus estimate of $134.90 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. Harmonic's revenue for the quarter was down .5% on a year-over-year basis. Harmonic updated its Q3 2025 guidance to 0.020-0.070 EPS.

Harmonic Stock Up 1.6%

HLIT opened at $9.14 on Tuesday. The stock has a market cap of $1.03 billion, a PE ratio of 20.31 and a beta of 1.05. 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 has a 52 week low of $7.91 and a 52 week high of $15.46. The business's fifty day simple moving average is $9.25 and its 200 day simple moving average is $9.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 valued at $3,390,000 after buying an additional 31,276 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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. Institutional investors own 99.38% of the company's stock.

Analyst Upgrades and Downgrades

HLIT has been the topic of several research analyst reports. Wall Street Zen downgraded Harmonic from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $11.00 price objective on shares of Harmonic in a research note on Tuesday, June 17th. Barclays reiterated an "underperform" rating on shares of Harmonic in a research note on Tuesday, April 29th. Wolfe Research initiated coverage on Harmonic in a research note on Tuesday, July 8th. They issued an "underperform" rating on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price objective on shares of Harmonic in a research note 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 given a buy rating to the company. According to data from MarketBeat, Harmonic 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.