Why Harmonic Stock Is Soaring Today

Shares of Harmonic (NASDAQ: HLIT) stock were soaring on Tuesday after the company beat analyst expectations on its second-quarter earnings results. Shares of the virtualized cable and video delivery supplier were up as much as 19.4% on the news. As of 11:26 a.m. EDT, the stock is up 15.7% on the day.

Investors were excited about Harmonic's results because the company generated adjusted earnings per share (EPS) of $0.05. Going into the report, analysts had been expecting the company to break even in the quarter.

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Source Fool.com