Harmonic (HLIT) Expected to Announce Earnings on Monday

Harmonic (NASDAQ:HLIT) is expected to issue its quarterly earnings data after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $127.51 million for the quarter. Harmonic has set its FY 2025 guidance at 0.430-0.680 EPS and its Q1 2025 guidance at 0.020-0.080 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Harmonic (NASDAQ:HLIT) last issued its quarterly 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 net margin of 5.78% and a return on equity of 15.90%. On average, analysts expect Harmonic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Harmonic Trading Up 0.2 %

Shares of HLIT opened at $8.90 on Monday. Harmonic has a fifty-two week low of $7.91 and a fifty-two week high of $15.46. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 26.97 and a beta of 0.92. The firm has a 50 day moving average price of $9.78 and a 200-day moving average price of $11.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.80 and a current ratio of 2.18.

Harmonic announced that its board has authorized a stock repurchase program on Monday, February 10th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 15.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HLIT shares. Rosenblatt Securities reduced their price objective on Harmonic from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. StockNews.com raised Harmonic from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Jefferies Financial Group began coverage on Harmonic in a research note on Friday, February 21st. They set a “hold” rating for the company. Northland Securities decreased 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, February 11th. Finally, Barclays dropped their price target on shares of Harmonic from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.50.

Insider Activity at Harmonic

In related news, CFO Walter Jankovic bought 12,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $9.44 per share, with a total value of $113,280.00. Following the transaction, the chief financial officer now owns 46,129 shares in the company, valued at approximately $435,457.76. This trade represents a 35.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nimrod Ben-Natan purchased 7,780 shares of Harmonic stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $9.65 per share, for a total transaction of $75,077.00. Following the transaction, the chief executive officer now directly owns 347,797 shares of the company’s stock, valued at $3,356,241.05. This trade represents a 2.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 32,780 shares of company stock worth $316,607 over the last quarter. Corporate insiders own 2.36% 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.