Northland Capmk Forecasts 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) - Equities researchers at Northland Capmk issued their FY2026 earnings estimates for Harmonic in a research report issued to clients and investors on Tuesday, July 29th. Northland Capmk analyst T. Savageaux forecasts that the communications equipment provider will post earnings of $0.36 per share for the year. The consensus estimate for Harmonic's current full-year earnings is $0.31 per share.

Several other equities analysts have also recently weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $11.00 target price on shares of Harmonic in a research note on Tuesday, July 29th. Wall Street Zen lowered Harmonic from a "buy" rating to a "hold" rating in a report on Saturday. Barclays reduced their target price on Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, July 29th. Wolfe Research assumed coverage on Harmonic in a report on Tuesday, July 8th. They set an "underperform" rating for the company. Finally, Needham & Company LLC cut their target price on Harmonic from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Harmonic has an average rating of "Hold" and an average target price of $11.67.

Harmonic Stock Up 3.3%

NASDAQ:HLIT traded up $0.28 on Thursday, hitting $8.63. 347,027 shares of the company's stock traded hands, compared to its average volume of 1,178,035. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.27. Harmonic has a 1 year low of $7.80 and a 1 year high of $15.46. The firm has a 50-day moving average price of $9.21 and a 200-day moving average price of $9.69. The company has a market cap of $975.49 million, a PE ratio of 14.62 and a beta of 1.00.

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 firm had revenue of $138.03 million for the quarter, compared to the consensus estimate of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS.

Institutional Trading of Harmonic

A number of large investors have recently bought and sold shares of HLIT. Quarry LP bought a new stake in Harmonic in the fourth quarter valued at $33,000. CWM LLC grew its holdings in shares of Harmonic by 132.6% during the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock worth $68,000 after purchasing an additional 4,058 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Harmonic by 5,388.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider's stock worth $73,000 after purchasing an additional 5,442 shares during the last quarter. Drive Wealth Management LLC bought a new stake in shares of Harmonic during the first quarter worth $111,000. Finally, Cresset Asset Management LLC grew its holdings in shares of 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 last quarter. 99.38% of the stock is currently 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.