Harmonic (NASDAQ:HLIT) Updates FY 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 0.430-0.680 for the period, compared to the consensus earnings per share estimate of 0.870. The company issued revenue guidance of $585.0 million-$645.0 million, compared to the consensus revenue estimate of $720.7 million. Harmonic also updated its Q1 2025 guidance to 0.020-0.080 EPS.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Raymond James cut Harmonic from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $17.00 to $14.00 in a report on Tuesday, October 29th. Needham & Company LLC dropped their price target on shares of Harmonic from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday. Northland Securities cut their target price on shares of Harmonic from $14.00 to $12.50 and set an “outperform” rating on the stock in a research note on Tuesday. Jefferies Financial Group cut Harmonic from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $12.50 in a research note on Tuesday, October 29th. Finally, Barclays lowered their target price on shares of Harmonic from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Harmonic presently has an average rating of “Moderate Buy” and an average price target of $12.50.

Harmonic Stock Down 15.3 %

HLIT stock opened at $9.42 on Wednesday. Harmonic has a one year low of $8.42 and a one year high of $15.46. The company has a fifty day moving average of $12.54 and a 200-day moving average of $13.11. The stock has a market capitalization of $1.10 billion, a PE ratio of 12.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.62 and a current ratio of 2.08.

Harmonic (NASDAQ:HLIT) last released its earnings results on Monday, February 10th. The communications equipment provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Harmonic had a return on equity of 7.56% and a net margin of 13.62%. As a group, analysts expect that Harmonic will post 0.52 EPS for the current year.

Harmonic announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 10th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to buy up to 15.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.