Q3 Earnings Estimate for Harmonic Issued By Northland Capmk

Key Points

• Northland Capmk has revised its Q3 2025 EPS estimate for Harmonic Inc. (NASDAQ:HLIT) to (0.02), down from a previous forecast of 0.02.
• In its recent earnings report, Harmonic reported $0.09 earnings per share, surpassing analysts' estimates of $0.03 and generating a revenue of $138.03 million.
• Harmonic's stock has seen various ratings adjustments, with current consensus indicating a "Moderate Buy" and an average price target of $11.67.

Harmonic Inc. (NASDAQ:HLIT - Free Report) - Equities research analysts at Northland Capmk lowered their Q3 2025 earnings per share (EPS) estimates for shares of Harmonic in a research note issued to investors on Tuesday, July 29th. Northland Capmk analyst T. Savageaux now anticipates that the communications equipment provider will post earnings per share of ($0.02) for the quarter, down from their prior forecast of $0.02. The consensus estimate for Harmonic's current full-year earnings is $0.31 per share. Northland Capmk also issued estimates for Harmonic's Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.05 EPS.

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its earnings results on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The firm had revenue of $138.03 million for the quarter, compared to analysts' expectations of $134.90 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm's revenue was down .5% compared to the same quarter last year.

Several other research firms have also recently issued reports on HLIT. Barclays lowered their price objective on Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 29th. Wolfe Research began coverage on shares of Harmonic in a report on Tuesday, July 8th. They set an "underperform" rating on the stock. Wall Street Zen cut shares of Harmonic from a "buy" rating to a "hold" rating in a report on Saturday. Rosenblatt Securities reiterated a "buy" rating and set a $11.00 price target on shares of Harmonic in a research note on Tuesday, July 29th. Finally, Needham & Company LLC dropped their price objective on Harmonic from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Harmonic presently has a consensus rating of "Hold" and a consensus target price of $11.67.

Harmonic Stock Down 1.9%

Shares of HLIT stock traded down $0.16 on Friday, reaching $8.35. 1,691,914 shares of the stock were exchanged, compared to its average volume of 1,411,050. The company has a market capitalization of $944.39 million, a price-to-earnings ratio of 14.15 and a beta of 1.00. The business's 50 day moving average price is $9.21 and its 200 day moving average price is $9.71. The company has a current ratio of 1.99, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27. Harmonic has a twelve month low of $7.80 and a twelve month high of $15.46.

Hedge Funds Weigh In On Harmonic

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Harmonic in the fourth quarter valued at about $33,000. CWM LLC raised its position in Harmonic by 132.6% in the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock worth $68,000 after acquiring an additional 4,058 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Harmonic by 5,388.1% during the 4th 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 in the last quarter. Drive Wealth Management LLC acquired a new position in shares of Harmonic during the 1st quarter worth $111,000. Finally, Cresset Asset Management LLC increased its holdings in shares of Harmonic by 16.5% in the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider's stock valued at $112,000 after purchasing an additional 1,660 shares in the last quarter. Hedge funds and other institutional investors own 99.38% of the company's stock.

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.