Harmonic (HLIT) Stock: Why The Price Went Down Today

By Amit Chowdhry ● Feb 1, 2022
  • The stock price of Harmonic (NASDAQ: HLIT) fell by 14.31% today. This is why it happened. 

The stock price of Harmonic (NASDAQ: HLIT) fell by 14.31% today. Investors are responding negatively to the company’s fourth-quarter results.

Harmonic had reported Q4 EPS of $0.16, which is $0.03 better than analyst estimates of $0.13. The revenue for the quarter was $155.8 million compared to a consensus estimate of $149.02 million.

In terms of guidance, Harmonic sees Q1 2022 EPS of $0.01-$0.06 compared to a consensus of $0.13. And Harmonic sees Q1 2022 revenue of $134-149 million compared to a consensus of $124.7 million.

Plus Harmonic sees FY2022 EPS of $0.26-$0.40 compared to a consensus of $0.49. And Harmonic sees FY2022 revenue of $570-596 million compared to a consensus of $583.3 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.