Harmonic (HLIT - Free Report) shares rallied 6.1% in the last trading session to close at $11.88. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% loss over the past four weeks.
Harmonic has recently introduced a new Single Illumination System solution for greater interoperability and cost savings for broadcast operators with digital terrestrial television and direct-to-home services. The solution reduces multiplex distribution costs by about 50% compared with the double satellite illumination method and enables broadcast operators to deliver regional channels with greater efficiency.
This video services provider is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +11.1%. Revenues are expected to be $153.77 million, up 21.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Harmonic, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HLIT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Harmonic is part of the Zacks Communication - Components industry. Corning (GLW - Free Report) , another stock in the same industry, closed the last trading session 1.7% lower at $32.06. GLW has returned -11.5% in the past month.
Corning's consensus EPS estimate for the upcoming report has changed -0.6% over the past month to $0.53. Compared to the company's year-ago EPS, this represents a change of -5.4%. Corning currently boasts a Zacks Rank of #4 (Sell).
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Harmonic (HLIT - Free Report) shares rallied 6.1% in the last trading session to close at $11.88. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% loss over the past four weeks.
Harmonic has recently introduced a new Single Illumination System solution for greater interoperability and cost savings for broadcast operators with digital terrestrial television and direct-to-home services. The solution reduces multiplex distribution costs by about 50% compared with the double satellite illumination method and enables broadcast operators to deliver regional channels with greater efficiency.
This video services provider is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +11.1%. Revenues are expected to be $153.77 million, up 21.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Harmonic, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HLIT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Harmonic is part of the Zacks Communication - Components industry. Corning (GLW - Free Report) , another stock in the same industry, closed the last trading session 1.7% lower at $32.06. GLW has returned -11.5% in the past month.
Corning's consensus EPS estimate for the upcoming report has changed -0.6% over the past month to $0.53. Compared to the company's year-ago EPS, this represents a change of -5.4%. Corning currently boasts a Zacks Rank of #4 (Sell).
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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