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Why Harmonic Stock Is Soaring Today

TheMotleyFool 
0 0 30.07.24
Why Harmonic Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png
 

Shares of video-streaming technology company (NASDAQ: HLIT) skyrocketed today after the company reported better-than-expected second-quarter results.

Revenue and earnings surpassed Wall Street's expectations, leading to investors rushing in to buy the stock. Harmonic's shares were up by 20.1% as of 11:32 a.m. ET.

Harmonic generated revenue of $138.7 million, which was down from $156 million in the year-ago quarter, but second-quarter sales were slightly better than Wall Street estimates and were at the high end of Harmonic management's projected range of between $125 million and $140 million.

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Source Fool.com

Harmonic Stock

€10.20
0.490%
The Harmonic stock is trending slightly upwards today, with an increase of €0.050 (0.490%) compared to yesterday's price.
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Harmonic.
With a target price of 13 € there is a positive potential of 27.45% for Harmonic compared to the current price of 10.2 €.
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