|Bid||10.12 x 1200|
|Ask||10.13 x 1400|
|Day's Range||10.06 - 10.39|
|52 Week Range||5.20 - 10.75|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2021 - Oct 29, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.57|
Solid customer additions and growth in the enterprise vertical help Arista (ANET) register record high earnings in second-quarter 2021 and beat the Zacks Consensus Estimate.
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.
Harmonic (HLIT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).