Northland Capmk Estimates Harmonic FY2026 Earnings

Key Points

• Northland Capital Markets has projected that Harmonic Inc. will report FY2026 earnings of $0.36 per share, surpassing the current consensus estimate of $0.31.
• Harmonic's recent quarterly earnings exceeded expectations, with reported earnings of $0.09 per share and revenue of $138.03 million, reflecting a slight year-over-year decline of 0.5%.
• The average rating for Harmonic's stock is currently classified as a "Moderate Buy" with an average price target of $11.67.

Harmonic Inc. (NASDAQ:HLIT - Free Report) - Northland Capmk issued their FY2026 EPS estimates for shares of Harmonic in a research note issued on Tuesday, July 29th. Northland Capmk analyst T. Savageaux expects that the communications equipment provider will earn $0.36 per share for the year. The consensus estimate for Harmonic's current full-year earnings is $0.31 per share.

HLIT has been the topic of a number of other reports. Wolfe Research assumed coverage on shares of Harmonic in a research note on Tuesday, July 8th. They set an "underperform" rating on the stock. Wall Street Zen lowered shares of Harmonic from a "buy" rating to a "hold" rating in a report on Saturday. Needham & Company LLC lowered their target price on shares of Harmonic from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays cut their price target on Harmonic from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Rosenblatt Securities restated a "buy" rating and issued a $11.00 price target on shares of Harmonic in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Harmonic currently has a consensus rating of "Hold" and an average target price of $11.67.

Harmonic Trading Down 1.9%

Shares of NASDAQ:HLIT traded down $0.16 during mid-day trading on Thursday, reaching $8.35. 1,691,914 shares of the company were exchanged, compared to its average volume of 1,411,050. 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 firm has a market cap of $944.39 million, a price-to-earnings ratio of 14.15 and a beta of 1.00. The firm's 50-day simple moving average is $9.21 and its 200 day simple moving average is $9.71. Harmonic has a 1 year low of $7.80 and a 1 year high of $15.46.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The company 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS.

Hedge Funds Weigh In On Harmonic

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Harmonic during the 4th quarter worth $33,000. CWM LLC grew its holdings in Harmonic by 132.6% in the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock valued at $68,000 after purchasing an additional 4,058 shares during the period. Russell Investments Group Ltd. grew its holdings in Harmonic by 5,388.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider's stock valued at $73,000 after purchasing an additional 5,442 shares during the period. Drive Wealth Management LLC acquired a new position in Harmonic during the first quarter worth approximately $111,000. Finally, Cresset Asset Management LLC raised its stake in Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider's stock worth $112,000 after purchasing an additional 1,660 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.