Harmonic (NASDAQ:HLIT – Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.190-0.230 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $141.0 million-$151.0 million, compared to the consensus revenue estimate of $131.6 million. Harmonic also updated its FY 2026 guidance to 0.800-0.840 EPS.
Wall Street Analysts Forecast Growth
HLIT has been the subject of several research reports. Northland Securities set a $17.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a research note on Thursday, October 29th. Raymond James Financial reissued an “outperform” rating and set a $19.00 target price on shares of Harmonic in a report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.83.
Read Our Latest Stock Analysis on HLIT
Harmonic Price Performance
Shares of HLIT opened at $10.19 on Wednesday. Harmonic has a 52 week low of $8.47 and a 52 week high of $17.68. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 20.80 and a beta of 1.37. The stock’s 50-day moving average price is $11.09 and its 200-day moving average price is $11.57.
Harmonic (NASDAQ:HLIT – Get Free Report) last posted its earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $148.84 million for the quarter, compared to analyst estimates of $129.47 million. Harmonic had a positive return on equity of 14.83% and a negative net margin of 6.27%. Harmonic’s revenue for the quarter was up 64.5% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. On average, sell-side analysts predict that Harmonic will post 0.53 EPS for the current year.
Key Headlines Impacting Harmonic
Here are the key news stories impacting Harmonic this week:
- Positive Sentiment: Q3 revenue rose 64.5% year over year to $148.8 million, beating the $129.5 million consensus, while adjusted earnings of $0.23 per share topped the $0.17 estimate. Harmonic Announces Third Quarter 2026 Results
- Positive Sentiment: Management raised full-year 2026 guidance to $545 million-$555 million in revenue and $0.80-$0.84 in EPS, above consensus estimates of $517 million and $0.50. Q4 guidance also came in above expectations for revenue and EPS. Harmonic Announces Third Quarter 2026 Results
- Positive Sentiment: Revenue growth is broadening beyond major customers Comcast and Spectrum: Rest-of-Market revenue more than doubled year over year and reached a record 46% of sales, potentially reducing customer concentration. Harmonic revenues break beyond Comcast and Spectrum
- Negative Sentiment: A Seeking Alpha analysis downgraded the stock, arguing that the strong quarter is offset by a less compelling growth outlook and cash-flow concerns; it also flagged bookings and cash generation as tests for sustaining the momentum. Harmonic: Great Quarter, Not So Great Growth Outlook Or Cash Flow
- Negative Sentiment: Jefferies cut its price target to $13 from $15 and assigned a Hold rating; Barclays lowered its target to $14 from $16 and maintained Equal Weight. The cuts suggest more cautious expectations despite targets remaining above the cited share price. Jefferies analyst ratings Barclays analyst ratings
Harmonic Company Profile
Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.
The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.
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