Benzinga | Feb 1, 2021 04:44PM EST

Recap: Harmonic Q4 Earnings

Shares of Harmonic (NASDAQ:HLIT) rose 1.52% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 66.67% over the past year to $0.20, which beat the estimate of $0.15.

Revenue of $131,528,000 higher by 7.65% from the same period last year, which beat the estimate of $126,300,000.

Outlook

The upcoming fiscal year's EPS expected to be between $0.09 and $0.31.

The upcoming fiscal year's revenue expected to be between $430,000,000 and $465,000,000.

Price Action

52-week high: $8.47

52-week low: $4.44

Price action over last quarter: Up 23.84%

Company Description

Harmonic Inc designs and manufactures video infrastructure products and system solutions to deliver video and broadband services to consumer devices. The firm operates in two segments: video, which sells video processing, production, and playout solutions to cable operators and satellite and telecommunications providers; and Cable Access, which sells cable edge solutions to cable operators. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, and Africa, as well as the Asia Pacific region.