Why Harmonic Stock Tanked Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Harmonic Stock Tanked Today
Why Harmonic Stock Tanked Today

"Harmonic's third-quarter results were driven by strong performance in both our Cable Access and Video segments," CEO Patrick Harshman said in a statement. "Our Cable Access segment delivered solid sequential revenue growth and operating margin." Investors appeared to be disappointed with Harmonic's guidance for the fourth quarter.