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The filed complaint alleges that Harmonic Inc. made materially false and/or misleading statements and/or failed to disclose that: Harmonic reported its third quarter financial results on February 10, 2025. While the Company's reported better-than-expected results for the quarter, it also lowered its revenue guidance for the fourth quarter. The Company's full-year 2025 guidance was also weaker than expected. Following this news, shares of Harmonic fell sharply in after hours trading on the same day. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
In order to be eligible to join the HLIT class action lawsuit, you must have incurred a loss on shares of Harmonic Inc. purchased during the class period listed above.
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