Northland Capmk Has Pessimistic View of Harmonic Q2 Earnings

Harmonic Inc. (NASDAQ:HLIT) – Research analysts at Northland Capmk reduced their Q2 2025 earnings per share estimates for shares of Harmonic in a report released on Tuesday, April 29th. Northland Capmk analyst T. Savageaux now expects that the communications equipment provider will earn ($0.03) per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Harmonic’s current full-year earnings is $0.31 per share. Northland Capmk also issued estimates for Harmonic’s Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.14 EPS.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Monday, April 28th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $133.14 million for the quarter, compared to analysts’ expectations of $127.51 million. Harmonic had a return on equity of 15.90% and a net margin of 5.78%. Harmonic’s revenue was up 9.1% compared to the same quarter last year.

Several other research analysts have also issued reports on HLIT. Northland Securities cut their price target on Harmonic from $14.00 to $12.50 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Rosenblatt Securities reduced their price target on shares of Harmonic from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com upgraded shares of Harmonic from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of Harmonic in a report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Harmonic in a report on Friday, February 21st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Harmonic presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.

Harmonic Price Performance

HLIT stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.18 and a quick ratio of 1.80. The company’s 50-day moving average is $9.55 and its 200-day moving average is $11.39. The stock has a market capitalization of $1.05 billion, a PE ratio of 27.27 and a beta of 0.92. Harmonic has a 1 year low of $7.91 and a 1 year high of $15.46.

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

Insider Transactions at Harmonic

In other news, Director Daniel T. Whalen purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $10.15 per share, for a total transaction of $30,450.00. Following the completion of the acquisition, the director now owns 8,840 shares in the company, valued at $89,726. This trade represents a 51.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Krall acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $9.78 per share, with a total value of $97,800.00. Following the purchase, the director now owns 163,490 shares in the company, valued at approximately $1,598,932.20. The trade was a 6.52 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 32,780 shares of company stock worth $316,607 in the last quarter. 2.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of Harmonic during the 4th quarter valued at $33,000. Russell Investments Group Ltd. increased its holdings in Harmonic by 5,388.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider’s stock worth $73,000 after buying an additional 5,442 shares during the last quarter. AlphaQuest LLC raised its position in Harmonic by 14,765.9% in the fourth quarter. AlphaQuest LLC now owns 6,095 shares of the communications equipment provider’s stock worth $81,000 after acquiring an additional 6,054 shares during the period. KBC Group NV boosted its stake in Harmonic by 84.8% in the fourth quarter. KBC Group NV now owns 6,295 shares of the communications equipment provider’s stock valued at $83,000 after acquiring an additional 2,888 shares during the last quarter. Finally, CWM LLC grew its position in shares of Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock valued at $68,000 after acquiring an additional 4,058 shares during the period. Hedge funds and other institutional investors 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.