Harmonic (HLIT) Gains As Market Dips: What You Should Know

Harmonic (HLIT) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Harmonic (HLIT) closed at $11.34, marking a +1.25% move from the previous day. This change outpaced the S&P 500’s 0.14% loss on the day. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.01%.

Harmonic (HLIT) Gains As Market Dips: What You Should Know – Zacks

Prior to today’s trading, shares of the video services provider had gained 3.61% over the past month. This has outpaced the Computer and Technology sector’s loss of 5.82% and the S&P 500’s loss of 0.13% in that time.

Harmonic will be looking to display strength as it nears its next earnings release. In that report, analysts expect Harmonic to post earnings of $0.14 per share. This would mark a year-over-year decline of 30%. Our most recent consensus estimate is calling for quarterly revenue of $151.93 million, up 15.51% from the…

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