Harmonic stock prices fluctuate, and institutions are focusing on their long-term technical positioning

Economic Observer Wave (HLIT.OQ) has experienced oscillating stock prices over the past seven days, with a weekly range of 2.48% and an amplitude of 11.25%. In terms of trading volume, liquidity has fluctuated significantly, indicating varying market attention. During the same period, the Nasdaq Index rose approximately 1.05%, but the communications sector, to which Wave belongs, declined slightly by 0.22%, with individual stock performance diverging from the overall market.

Financial Report Analysis

According to the Q3 2025 financial report, Wave’s operating revenue was $142 million, down 27.27% year-over-year; net profit attributable to shareholders was $2.69 million, a sharp decline of 87.60% year-over-year. In terms of profitability, the gross margin was 52.19%, but the net profit margin was only 1.89%, reflecting cost control pressures. The asset-liability ratio stood at 41.60%, and cash flow remained stable. Recent financial reports indicate the company’s fundamentals are under pressure, with declines in both revenue and profit potentially impacting market confidence.

Institutional Views

Institutions remain attentive to Wave, with seven firms setting a target price of $11.79, representing an approximately 18.7% potential upside from the current stock price. Regarding earnings forecasts, institutions expect per-share earnings to decline year-over-year in Q4 2025, but projections for quarterly growth in 2026 are mixed. Some institutions note that the company needs to address risks related to declining revenue and increasing competition, but long-term technological deployment may provide support.

The above content is compiled from publicly available information and does not constitute investment advice.