Harmonic (NASDAQ:HLIT) Updates Q2 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT - Get Free Report) issued an update on its second quarter 2025 earnings guidance on Monday morning. The company provided EPS guidance of -0.040 for the period, compared to the consensus EPS estimate of 0.090. The company issued revenue guidance of $120.0 million-$135.0 million, compared to the consensus revenue estimate of $138.0 million.

Analysts Set New Price Targets

Several equities research analysts have commented on HLIT shares. StockNews.com raised shares of Harmonic from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Rosenblatt Securities dropped their target price on Harmonic from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday. Barclays reissued an "underperform" rating on shares of Harmonic in a report on Tuesday. Northland Securities cut their target price on shares of Harmonic from $14.00 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a "buy" rating and set a $14.00 price target on shares of Harmonic in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.33.

Harmonic Price Performance

Shares of HLIT stock traded up $0.08 during trading hours on Friday, hitting $9.10. 94,144 shares of the company's stock were exchanged, compared to its average volume of 1,175,000. Harmonic has a fifty-two week low of $7.91 and a fifty-two week high of $15.46. The firm has a market cap of $1.06 billion, a P/E ratio of 27.56 and a beta of 0.92. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $9.57 and a two-hundred day moving average of $11.43.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its earnings results on Monday, April 28th. The communications equipment provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. Harmonic had a net margin of 5.78% and a return on equity of 15.90%. The business had revenue of $133.14 million during the quarter, compared to analysts' expectations of $127.51 million. The business's quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Harmonic will post 0.31 EPS for the current year.

Harmonic announced that its Board of Directors has initiated a share buyback program on Monday, February 10th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to purchase up to 15.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director David Krall purchased 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $9.78 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the director now directly owns 163,490 shares of the company's stock, valued at approximately $1,598,932.20. This trade represents a 6.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel T. Whalen acquired 3,000 shares of Harmonic stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $10.15 per share, for a total transaction of $30,450.00. Following the transaction, the director now owns 8,840 shares of the company's stock, valued at $89,726. This represents a 51.37 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 32,780 shares of company stock worth $316,607. 2.36% of the stock is owned by corporate insiders.

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.