What is Northland Capmk’s Estimate for Harmonic Q4 Earnings?

Harmonic Inc. (NASDAQ:HLIT) – Equities researchers at Northland Capmk cut their Q4 2024 earnings per share (EPS) estimates for shares of Harmonic in a research note issued to investors on Tuesday, October 29th. Northland Capmk analyst T. Savageaux now forecasts that the communications equipment provider will post earnings of $0.29 per share for the quarter, down from their previous forecast of $0.31. The consensus estimate for Harmonic’s current full-year earnings is $0.49 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 reports. Raymond James lowered Harmonic from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $17.00 to $14.00 in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Harmonic in a report on Tuesday. Barclays reduced their price objective on shares of Harmonic from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday. Rosenblatt Securities decreased their target price on shares of Harmonic from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Northland Securities dropped their price target on shares of Harmonic from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.25.

Harmonic Stock Down 1.2 %

Shares of NASDAQ HLIT opened at $10.96 on Thursday. The company has a market capitalization of $1.27 billion, a P/E ratio of 15.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.32. The company has a 50 day simple moving average of $13.90 and a 200-day simple moving average of $12.56. Harmonic has a 1 year low of $9.10 and a 1 year high of $15.46.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. The firm had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $181.77 million. Harmonic had a net margin of 13.62% and a return on equity of 7.56%. Harmonic’s revenue was up 53.9% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share.

Hedge Funds Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its position in shares of Harmonic by 780.9% during the second quarter. CWM LLC now owns 2,255 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 1,999 shares in the last quarter. GAMMA Investing LLC increased its stake in Harmonic by 117.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,448 shares of the communications equipment provider’s stock worth $36,000 after buying an additional 1,323 shares during the period. Innealta Capital LLC acquired a new stake in Harmonic during the 2nd quarter worth approximately $47,000. SageView Advisory Group LLC purchased a new position in Harmonic in the 1st quarter valued at approximately $114,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Harmonic in the second quarter worth $140,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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.