Harmonic (NASDAQ:HLIT – Get Free Report) is scheduled to release its earnings data after the market closes on Monday, October 28th. Analysts expect Harmonic to post earnings of $0.17 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Harmonic (NASDAQ:HLIT – Get Free Report) last released its quarterly earnings data on Monday, July 29th. The communications equipment provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Harmonic had a net margin of 10.22% and a return on equity of 0.27%. The firm had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $133.67 million. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. 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 0.1 %
HLIT stock opened at $14.45 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.87 and a quick ratio of 1.32. The company has a fifty day moving average price of $13.95 and a two-hundred day moving average price of $12.46. Harmonic has a one year low of $9.10 and a one year high of $15.31. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 24.08 and a beta of 0.87.
Analysts Set New Price Targets
View Our Latest Stock Report on HLIT
Insider Activity
In related news, SVP Neven Haltmayer sold 40,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $14.41, for a total value of $576,400.00. Following the completion of the transaction, the senior vice president now owns 122,211 shares of the company’s stock, valued at $1,761,060.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.
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.
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