Harmonic Announces Fourth Quarter and Fiscal 2024 Results
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Harmonic Inc. reported record quarterly revenue and adjusted EBITDA for Q4 2024, with a 33% year-over-year increase. The company also doubled its stock repurchase program to $200 million.
February 10, 2025 | 9:15 pm
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Harmonic Inc. reported record revenue and adjusted EBITDA for Q4 2024, with a 33% increase year-over-year. The company also announced a doubling of its stock repurchase program to $200 million.
The record revenue and adjusted EBITDA indicate strong financial performance, which is likely to positively impact the stock price. Additionally, the doubling of the stock repurchase program suggests confidence in the company's future, further supporting a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100