INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Harmonic Inc. - HLIT

PRNewswire 25-Feb-2025 5:00 PM

NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Harmonic Inc ("Harmonic" or the "Company") (NASDAQ:HLIT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Harmonic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 10, 2025, Harmonic reported its financial results for the fourth quarter and fiscal year ended December 31, 2025.  For the first quarter of 2025, Harmonic forecasted earnings per share ("EPS") in the range of $0.02 to $0.08 on revenue of $120 million to $135 million, well below analyst projections of $0.12 EPS and $149.39 million in revenue.  The Company also provide full-year 2025 guidance of EPS in the range of $0.43 to $0.68 on revenue of $585 million to $645 million, likewise missing consensus estimates of $0.87 EPS and $720.73 million in revenue. 

On this news, Harmonic's stock price fell $1.70 per share, or 15.29%, to close at $9.42 per share on February 11, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP