Harmonic (NASDAQ:HLIT) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Monday, July 29th. The communications equipment provider reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. Harmonic had a negative net margin of 7.27% and a negative return on equity of 3.72%. The firm had revenue of $84.87 million during the quarter, compared to the consensus estimate of $85.07 million. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, analysts expect Harmonic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:HLIT opened at $6.54 on Monday. The firm has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $6.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.34 and a quick ratio of 1.14. Harmonic has a one year low of $4.48 and a one year high of $8.09. The company has a market cap of $594.11 million, a price-to-earnings ratio of 218.00, a PEG ratio of 10.24 and a beta of 0.87.
In other news, SVP Neven Haltmayer sold 90,000 shares of Harmonic stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $7.24, for a total transaction of $651,600.00. Following the completion of the sale, the senior vice president now directly owns 159,813 shares of the company’s stock, valued at approximately $1,157,046.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.40% of the company’s stock.
HLIT has been the subject of several analyst reports. Northland Securities reissued a “buy” rating on shares of Harmonic in a report on Wednesday, July 10th. ValuEngine downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Raymond James raised their price target on shares of Harmonic from $6.75 to $9.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Harmonic in a report on Friday, October 4th. Finally, BidaskClub downgraded shares of Harmonic from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Harmonic presently has a consensus rating of “Buy” and a consensus price target of $9.00.
Harmonic Inc designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones.
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