Why Harmonic Inc. Stock Popped Today
Shares of Harmonic Inc. (NASDAQ: HLIT) were up 16.1% as of 1:30 p.m. EDT Tuesday after the video delivery infrastructure specialist announced better-than-expected third-quarter 2017 results.
More specifically, Harmonic saw adjusted (non-GAAP) quarterly revenue decline 9.9% year over year to $91.6 million, which translated to an adjusted net loss of $0.5 million, or $0.01 per diluted share. That might not sound encouraging, but last quarter Harmonic told investors to expect lower revenue of $80 million to $90 million, and a wider adjusted per-share loss in the range of $0.11 to $0.03.
IMAGE SOURCE: GETTY IMAGES.
Source: Fool.com
Harmonic Aktie
10,30 €
1,49 %
Eine klare Neigung zu Buy-Einschätzungen bei Harmonic, ohne Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Harmonic von 13 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 10.3 €.
