Why Harmonic Stock Is Soaring Today

·2-min read
Why Harmonic Stock Is Soaring Today

Investors were excited about Harmonic's results because the company generated adjusted earnings per share (EPS) of $0.05. Harmonic's Q2 revenue grew 53% year over year to $113.4 million. The growth was driven by demand for its cable access segment, which hit $50.1 million in revenue last quarter, growing 89% year over year.

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