Why Harmonic Stock Arced 18% Higher Today
Shares of video streaming technology provider Harmonic (NASDAQ: HLIT) catapulted to a 17.8% gain through noon ET Tuesday after beating analyst targets for earnings and almost hitting sales targets last night.
Wall Street had forecast an $0.08 per share non-GAAP profit (generally accepted accounting principles) for the company, on sales of $157.8 million. Harmonic delivered all $0.12 of non-GAAP earnings, and its sales were $157.6 million.
Sales grew 7% year over year, led by a 23% gain in revenue from broadband services, and 72% from video software-as-a-service (SaaS). Gross profit margins on those revenues surged 640 basis points to 53.3%.
Source Fool.com
Harmonic Aktie
12,95 €
23,92 %
Mehrere Buy-Einschätzungen für Harmonic ohne eine einzige Sell-Einschätzung.
Die Harmonic Aktie hat mit einem aktuellen Kurs von 12.95 € das Kursziel der Community von 13 € getroffen.
