Harmonic (NASDAQ:HLIT) Issues FY 2025 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.430-0.680 for the period, compared to the consensus 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.

Harmonic Price Performance

NASDAQ:HLIT opened at $11.12 on Tuesday. The stock’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $13.13. Harmonic has a 52-week low of $9.10 and a 52-week high of $15.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.62 and a current ratio of 2.08. The company has a market cap of $1.30 billion, a P/E ratio of 15.23 and a beta of 0.89.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Monday, February 10th. The communications equipment provider reported $0.38 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Harmonic will post 0.52 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLIT. Barclays lowered shares of Harmonic from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $17.00 to $14.00 in a research note on Thursday, January 9th. Jefferies Financial Group lowered Harmonic from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $12.50 in a research note on Tuesday, October 29th. Northland Securities cut their price objective on Harmonic from $14.00 to $12.50 and set an “outperform” rating for the company in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $16.00 target price on shares of Harmonic in a report on Tuesday, February 4th. Finally, Raymond James downgraded Harmonic from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $17.00 to $14.00 in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.83.

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.