What is Northland Capmk’s Forecast for Harmonic Q4 Earnings?

Harmonic Inc. (NASDAQ:HLIT) – Analysts at Northland Capmk dropped their Q4 2024 earnings per share estimates for shares of Harmonic in a research note issued to investors on Tuesday, October 29th. Northland Capmk analyst T. Savageaux now expects that the communications equipment provider will post earnings per share of $0.29 for the quarter, down from their prior forecast of $0.31. The consensus estimate for Harmonic’s current full-year earnings is $0.44 per share. Northland Capmk also issued estimates for Harmonic’s Q3 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.21 EPS.

Other research analysts have also issued reports about the company. Barclays dropped their price target on Harmonic from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday. Raymond James downgraded shares of Harmonic from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $17.00 to $14.00 in a research note on Tuesday. Northland Securities reduced their price objective on Harmonic from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Tuesday. Rosenblatt Securities dropped their target price on Harmonic from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Harmonic in a report on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.25.

Harmonic Trading Up 4.3 %

NASDAQ HLIT opened at $11.58 on Thursday. The firm’s 50 day moving average price is $14.00 and its two-hundred day moving average price is $12.58. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 19.30 and a beta of 0.87. Harmonic has a twelve month low of $9.10 and a twelve month high of $15.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.87.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, October 28th. The communications equipment provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. Harmonic had a net margin of 10.22% and a return on equity of 0.27%. The company had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $181.77 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 53.9% on a year-over-year basis.

Institutional Trading of Harmonic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearline Capital LP increased its holdings in shares of Harmonic by 777.6% during the 2nd quarter. Clearline Capital LP now owns 1,570,461 shares of the communications equipment provider’s stock valued at $18,484,000 after acquiring an additional 1,391,504 shares during the last quarter. Jane Street Group LLC grew its holdings in Harmonic by 1,276.3% during the first quarter. Jane Street Group LLC now owns 1,203,297 shares of the communications equipment provider’s stock valued at $16,172,000 after purchasing an additional 1,115,870 shares during the last quarter. Marshall Wace LLP raised its position in shares of Harmonic by 1,952.4% in the second quarter. Marshall Wace LLP now owns 978,127 shares of the communications equipment provider’s stock valued at $11,513,000 after purchasing an additional 930,469 shares during the period. Point72 Asset Management L.P. acquired a new position in Harmonic in the 2nd quarter valued at $7,687,000. Finally, Assenagon Asset Management S.A. lifted its position in Harmonic by 117.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,187,528 shares of the communications equipment provider’s stock worth $17,302,000 after acquiring an additional 642,033 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.