Harmonic Announces First Quarter 2017 Results

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Go back to Harmonic Announces First Quarter 2017 Results

Harmonic Inc. (HLIT) PT Lowered to $4 at Jefferies; Reiterates Hold

May 2, 2017 9:10 AM EDT

Jefferies lowered its price target on Harmonic Inc. (NASDAQ: HLIT) to $4.00 (from $4.75) while maintaining a Hold rating. March quarter sales totaled $83.5 million, below the Street's $93.1 million estimate.

Weaker video revenue of $74.5 million led to the light top line while Cable Edge revenue... More

Harmonic (HLIT) Misses Q1 EPS by 9c; Guides Below

May 1, 2017 4:09 PM EDT

Harmonic (NASDAQ: HLIT) reported Q1 EPS of ($0.14), $0.09 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $83.5 million versus the consensus estimate of $92.62 million.

GUIDANCE:

Harmonic sees Q2 2017 EPS of ($0.04)-$0.00, versus the consensus of ($0.04). Harmonic sees Q2... More