Q3 Earnings Forecast 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) - Stock analysts at Northland Capmk cut their Q3 2025 earnings estimates for shares of Harmonic in a report released on Tuesday, July 29th. Northland Capmk analyst T. Savageaux now forecasts that the communications equipment provider will post earnings of ($0.02) per share for the quarter, down from their previous 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.

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

Harmonic Stock Up 1.9%

Shares of NASDAQ HLIT traded up $0.17 during mid-day trading on Friday, reaching $8.80. 452,636 shares of the company's stock traded hands, compared to its average volume of 1,176,275. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. The business has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $9.67. Harmonic has a 1-year low of $7.80 and a 1-year high of $15.46. The stock has a market cap of $994.69 million, a P/E ratio of 14.91 and a beta of 1.00.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $134.90 million. During the same quarter last year, the firm earned $0.08 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd increased its holdings in shares of Harmonic by 200.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 322,826 shares of the communications equipment provider's stock valued at $3,057,000 after acquiring an additional 215,335 shares during the last quarter. MQS Management LLC bought a new position in Harmonic in the 2nd quarter valued at $193,000. AlphaQuest LLC increased its stake in shares of Harmonic by 405.2% in the 2nd quarter. AlphaQuest LLC now owns 139,858 shares of the communications equipment provider's stock valued at $1,324,000 after buying an additional 112,172 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Harmonic in the 2nd quarter valued at $937,000. Finally, CWM LLC grew its stake in shares of Harmonic by 277.7% during the second quarter. CWM LLC now owns 26,886 shares of the communications equipment provider's stock worth $255,000 after purchasing an additional 19,767 shares during the period. 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.