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Stock Market & Financial Investment News

News Breaks
December 4, 2012
08:14 EDTHLITHarmonic EdgeQAM selected by Swedish Com Hem to power data and VOD services
Harmonic announced that Com Hem has selected Harmonic's NSG 9000 HectoQAM solution as its service edgeQAM to increase the speed of its data services and add a comprehensive new multiscreen services also based on TiVo technology. Leveraging the highly scalable nature of the HectoQAM system, Com Hem can now cost-effectively deliver superior-quality VOD content as well as high-speed data services to approximately 1.8M households, all from a single, unified edgeQAM platform.
News For HLIT From The Last 14 Days
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July 14, 2014
12:21 EDTHLITOn The Fly: Midday Wrap
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11:39 EDTHLITHarmonic plummets after outlook falls short of estimates
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09:16 EDTHLITOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
07:40 EDTHLITHarmonic sees Q3 revenue $103M-$113M, consensus $122.7M
Sees Q3 GAAP gross margins in the range of 48%-49%; GAAP operating expenses in the range of $57.5M-$58.5M; Non-GAAP gross margins in the range of 52%-53%; Non-GAAP operating expenses in the range of $51.5M-$52.5M.
07:36 EDTHLITHarmonic reports preliminary Q2 EPS 0c-2c, consensus 6c
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