Stock Track | Harmonic Soars 6.43% After-Hours on Strong Q4 Results and Major izzi Deal

Stock Track

Feb 20

Harmonic's stock surged 6.43% in after-hours trading following the release of its fourth-quarter financial results and the announcement of a significant new business partnership.

The company reported Q4 revenue of $157.3 million, exceeding analyst estimates of $141.3 million. Adjusted earnings per share also beat expectations, coming in at $0.14 compared to the $0.10 consensus estimate. Additionally, Harmonic disclosed a substantial 73% year-over-year increase in backlog and deferred revenue, reaching $573.8 million, indicating strong future business visibility.

Separately, Harmonic announced that izzi, Mexico's largest cable operator and a Televisa Group subsidiary, has selected Harmonic's cOS virtualized broadband platform for its strategic fiber broadband expansion. This multi-year deployment deal represents a significant win for Harmonic's broadband solutions in a key international market.

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Adjusted earnings per share also beat expectations, coming in at $0.14 compared to the $0.10 consensus estimate. Additionally, Harmonic disclosed a substantial 73% year-over-year increase in backlog and deferred revenue, reaching $573.8 million, indicating strong future business visibility.</p><p>Separately, Harmonic announced that izzi, Mexico's largest cable operator and a Televisa Group subsidiary, has selected Harmonic's cOS virtualized broadband platform for its strategic fiber broadband expansion. This multi-year deployment deal represents a significant win for Harmonic's broadband solutions in a key international market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HLIT","symbol_name":"谐波","start_time":0,"source_url":"","article_id":"1175959303","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175959303","pubTimestamp":1771536898,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Harmonic's stock surged 6.43% in after-hours trading following the release of its fourth-quarter financial results and the announcement of a significant new business partnership.The company reported...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HLIT":"谐波"},"translate_title":"个股追踪|Harmonic盘后飙升6.43%，得益于强劲的Q4业绩和izzi重大交易","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HLIT":1},"content_text":"Harmonic's stock surged 6.43% in after-hours trading following the release of its fourth-quarter financial results and the announcement of a significant new business partnership.The company reported Q4 revenue of $157.3 million, exceeding analyst estimates of $141.3 million. 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