Q4 Earnings Forecast for Harmonic Issued By Northland Capmk

Harmonic Inc. (NASDAQ:HLIT) – Equities researchers at Northland Capmk decreased their Q4 2024 EPS estimates for Harmonic in a research report issued to clients and investors on Tuesday, October 29th. Northland Capmk analyst T. Savageaux now expects that the communications equipment provider will earn $0.29 per share for the quarter, down from their previous estimate 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.

HLIT has been the subject of several other research reports. Barclays cut their price objective on Harmonic from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday. Jefferies Financial Group lowered shares of Harmonic from a “buy” rating to a “hold” rating and dropped their price target for the stock from $14.00 to $12.50 in a research report on Tuesday. Northland Securities decreased their price objective on shares of Harmonic from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Tuesday. Rosenblatt Securities lowered their price objective on shares of Harmonic from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Harmonic in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Harmonic currently has an average rating of “Moderate Buy” and an average price target of $15.25.

Harmonic Stock Down 4.2 %

HLIT stock opened at $11.09 on Thursday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 15.19 and a beta of 0.87. Harmonic has a twelve month low of $9.10 and a twelve month high of $15.46. The business has a 50 day moving average price of $13.95 and a two-hundred day moving average price of $12.57. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.30.

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

Institutional Trading of Harmonic

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Harmonic by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 9,686,046 shares of the communications equipment provider’s stock valued at $126,306,000 after acquiring an additional 289,443 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Harmonic by 37.2% during the first quarter. BNP Paribas Financial Markets now owns 98,124 shares of the communications equipment provider’s stock worth $1,319,000 after purchasing an additional 26,622 shares during the period. GSA Capital Partners LLP acquired a new stake in Harmonic during the 1st quarter worth approximately $923,000. Texas Permanent School Fund Corp boosted its stake in Harmonic by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 98,377 shares of the communications equipment provider’s stock valued at $1,322,000 after purchasing an additional 1,462 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new position in Harmonic in the 1st quarter valued at $3,659,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

About Harmonic

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.