Why Harmonic Stock Is Soaring Today
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.
Source Fool.com
Harmonic Stock
€12.11
1.370%
We see a rather positive sentiment for Harmonic with 16 Buy predictions and 1 Sell predictions.
As a result the target price of 16 € shows a positive potential of 32.12% compared to the current price of 12.11 € for Harmonic.
