Harmonic (NASDAQ:HLIT – Get Free Report) is set to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Harmonic (NASDAQ:HLIT – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The communications equipment provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Harmonic had a return on equity of 0.27% and a net margin of 10.22%. The firm had revenue of $138.70 million during the quarter, compared to the consensus estimate of $133.67 million. During the same period last year, the company earned $0.07 earnings per share. The business’s revenue 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 Stock Performance
NASDAQ HLIT opened at $14.78 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 30.79 and a beta of 0.87. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average price is $14.04 and its two-hundred day moving average price is $12.53. Harmonic has a 1 year low of $9.10 and a 1 year high of $15.31.
Wall Street Analyst Weigh In
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Insider Buying and Selling at Harmonic
In related news, SVP Neven Haltmayer sold 40,000 shares of Harmonic stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $14.41, for a total transaction of $576,400.00. Following the completion of the sale, the senior vice president now directly owns 122,211 shares of the company’s stock, valued at approximately $1,761,060.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.36% 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.
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