Jefferies Raises Price Target on Harmonic (HLIT) to $4 Following Difficult 3Q
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Harmonic Announces Third Quarter 2016 Results
November 9, 2016 4:03 PM ESTSAN JOSE, CA -- (Marketwired) -- 11/09/16 -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today its unaudited results for the third quarter of 2016.
GAAP net revenue for the third quarter of 2016 was $101.4 million, compared with $109.6 million for the second quarter of 2016 and $83.3 million for the third quarter of 2015.
Non-GAAP net revenue for the third quarter of 2016 was $101.7 million, compared with $110.4 million for the second quarter of 2016 and $83.3 million for the third quarter of 2015.
Bookings for the third quarter of 2016 were $97.3 million, compared with $117.3 million for the... More
