NEW YORK CITY, NY / ACCESS Newswire / February 23, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Harmonic Inc. ("Harmonic" or "the Company") (NASDAQ:HLIT). Investors who purchased Harmonic securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/HLIT.
Investigation Details
On February 10, 2025, Harmonic reported its financial results for the fourth quarter and fiscal year ended December 31, 2025. For the first quarter of 2025, Harmonic forecasted earnings per share ("EPS") in the range of $0.02 to $0.08 on revenue of $120 million to $135 million, well below analyst projections of $0.12 EPS and $149.39 million in revenue. The Company also provide full-year 2025 guidance of EPS in the range of $0.43 to $0.68 on revenue of $585 million to $645 million, likewise missing consensus estimates of $0.87 EPS and $720.73 million in revenue. On this news, Harmonic’s stock price fell $1.70 per share, or 15.29%, to close at $9.42 per share on February 11, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Harmonic securities, you can assist this investigation by visiting the firm’s site: bgandg.com/HLIT. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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