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Stock Market & Financial Investment News

News Breaks
May 15, 2014
06:15 EDTHLITHarmonic increases share repurchase program by $80M to $300M
Harmonic announced that its board has approved an $80M increase to the company's ongoing share repurchase program. The increase brings the total amount authorized for repurchases since the inception of the company's share repurchase program in June 2012 to $300M. Through the quarter ended March 28, the company had repurchased a total of 27.7M shares for $167.3M, including the shares purchased through the company's tender offer in 2013, and had $52.7M available for future purchases at the end of Q3.
News For HLIT From The Last 14 Days
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July 28, 2014
16:53 EDTHLITHarmonic reports Q2 EPS 2c, consensus 2c
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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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