Harmonic (NASDAQ:HLIT) Stock, Quote.Headers.trade-ideas

Harmonic

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 Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.

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Harmonic, Inc. (NASDAQ: HLIT) recently announced that TOD, a major sports and entertainment platform of beIN MEDIA GROUP, has opted to deploy Harmonic&#39;s cloud-native VOS 360 Media SaaS to enhance the audience experience.

Harmonic Elevates Live Sports Streaming Experience: Stock to Gain?

Gaming

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Sony Group Corporation American Depositary Shares

SONY

Sony Group Corporation (NYSE: SONY) recently announced a 19% price increase for its PlayStation 5 (PS5) console in Japan, highlighting a challenging external environment (including fluctuations in the global economy) as the primary reason.

SONY Raises PlayStation 5 Price in Japan by 19%, Stock Up 3.5%

Mid Cap

ERIC

SPKKY

Ericsson (NASDAQ: ERIC) has announced that it had successfully deployed its state-of-the-art IP Multimedia Subsystem (&#34;IMS&#34;) on the Red Hat OpenStack Platform for Spark New Zealand Limited (OTC: SPKKY).

Ericsson Boosts New Zealand&#39;s Network With Advanced IMS

Harmonic Inc

Harmonic To Showcase Next-Generation XOS Media Processor And Spectrum X Media Server At IBC2024, Offering 50% More Channel Encoding And Transcoding, Doubling Channel Density For Improved Energy Efficiency And Cost Savings

Harmonic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) recently announced that TOD, a major sports and entertainment platform of beIN MEDIA GROUP, has opted to deploy Harmonic&#39;s cloud-native VOS 360 Media SaaS to enhance the audience experience. TOD primarily serves across the MENA region with exclusive rights to premium sporting events such as La Liga, Premier League, UEFA Champions League and 60,000 hours of other content in several languages.
The advanced fully managed video SaaS platform from HLIT provides impressive content quality from source to screen for various use cases such as live TV, streaming and live events. The solution also allows leveraging either single CDN (content delivery network) or multi-CDN delivery to ensure scalable delivery with greater reach. The complexity associated with live sports streaming workflows doesn&#39;t leave any room for error. Low latency and autoscaling capabilities, along with premium video quality and reliability, are needed to deliver a premium sports experience to viewers.
The leading-edge features of VOS360 Media SaaS effectively address these multifaceted requirements. Running on Microsoft Azure cloud, the platform efficiently manages crucial media processing functionalities, such as transcoding, encryption, packaging and origin. In addition to streamlining the entire media processing chain, its real-time scaling and geo-redundancy capabilities ensure seamless delivery of live sports events with exceptional video quality.
<h2>Will This Collaboration Boost HLIT&#39;s Share Performance?</h2>
Whether simplifying OTT video delivery via innovative cloud and software-as-a-service technologies or powering the delivery of gigabit Internet cable services, Harmonic is changing the way media companies and service providers monetize live and VOD content on every screen. The recent venture with beIN MEDIA GROUP underlines the broader market shift toward cloud-based streaming solutions that offer ultra low latency with 4K video quality. This emerging trend in the media &amp; entertainment sector bodes well for Harmonic&#39;s long-term growth.
<h2>HLIT&#39;s Stock Price Performance</h2>
The stock has gained 32.8% over the past year compared with the industry&#39;s growth of 53%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/89/77213.jpg?v=490213352" />
Image Source: Zacks Investment Research
<h2>Zacks Rank &amp; Other Stocks to Consider</h2>
Harmonic currently sports a Zacks Rank #1 (Strong Buy).
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) sports a Zacks Rank #1 at present.
In the last reported quarter, it delivered an earnings surprise of 8.25%. It is engaged in providing cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next-generation data center networks.
Ubiquiti Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>) carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved its UI&#39;s visibility for future demand and inventory management techniques.
Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) carries a Zacks Rank of 2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%.
WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company&#39;s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.
<a href="https://www.zacks.com/stock/news/2334192/harmonic-elevates-live-sports-streaming-experience-stock-to-gain?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2334192">To read this article on Zacks.com click here.</a>

Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) today announced that it will unveil groundbreaking new features for the company's VOS&#xAE; family at IBC2024, enabling simpler video streaming and broadcast delivery, increased monetization and elevated viewer engagement. The latest innovations include a new AI speech-to-text capability for caption creation on VOS360 Media SaaS, state-of-the-art server-guided ad insertion (SGAI) technology on VOS360 Ad SaaS, and JPEG-XS live source support and tiered storage for Origin applications on VOS Media Software.

Harmonic Will Unveil Groundbreaking New Features For The Company's VOS Family At IBC2024, Enabling Simpler Video Streaming And Broadcast Delivery, Increased Monetization And Elevated Viewer Engagement

Sony Group Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) recently announced a 19% price increase for its PlayStation 5 (PS5) console in Japan, highlighting a challenging external environment (including fluctuations in the global economy) as the primary reason. Beginning Sept 2., 2024, the PS5 will cost &yen;79,980 for the standard edition and &yen;72,980 for the digital edition.
PS5 was initially launched in November 2020. The price hike comes when the PS5 is expected to be succeeded by a revamped version shortly.
The company also hiked prices for its accessories, including the DualSense wireless controller and Pulse Elite wireless headset, with the changes set to take effect from Sept. 2, 2024.
After the announcement, Sony&#39;s stock gained 3.5% on Aug. 27 and closed trading at $96.07, underscoring positive market reception to the price hike.
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<h3>Sony Corporation Price and Consensus</h3>
<h2><img alt="Sony Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/68/1724850947.png" style="height:265px; width:574px" title="" /></h2>
Sony Corporation price-consensus-chart | Sony Corporation Quote
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<h2>SONY Stock Up 14% Since Earnings</h2>
SONY&#39;s stock has gained 13.6% since it announced better-than-expected first-quarter fiscal 2024 results on Aug. 7.
Its revenues rose 2% year over year to &yen;3,011.6 billion while net income per share (on a GAAP basis) of &yen;189.43 ($1.22) per share increased from &yen;175.67 reported in the year-ago quarter. Improved performance of the Game &amp; Network Services (G&amp;NS) segment, which is the largest contributor to its sales, was the primary growth driver.
G&amp;NS sales jumped 12% year over year to &yen;864.9 billion, owing to higher sales from network services, notably PlayStation Plus, and rising sales of non-first-party titles along with favorable forex impacts.
In June 2024, active user accounts of PlayStation were a record 116 million. The company plans to boost the G&amp;NS segment by expanding the stable installed base of PlayStation consoles, enhancing gaming experiences and growing its business by expanding into PCs and improving the first-party software titles. Sony has updated its outlook for the G&amp;NS segment. It now expects sales to be &yen;4,320 billion, up from the prior view of &yen;4,200 billion, owing to the positive impacts of forex rates.
Shares of SONY have gained 17.1% compared with the sub-industry&#39;s growth of 13% in the past year.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/11/75727.jpg?v=651770947" />
Image Source: Zacks Investment Research
<h2>SONY&#39;s Zacks Rank</h2>
At present, SONY carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader technology space are Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) and Ubiquiti Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>). ANET and HLIT presently sport a Zacks Rank #1 (Strong Buy) each, whereas UI carries a Zacks Rank #2 (Buy).
Arista Networks supplies products to a prestigious set of customers, including Fortune 500 global companies in markets like cloud titans, enterprises, financials and specialty cloud service providers. It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
Harmonic enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. HLIT delivered a trailing four-quarter average earnings surprise of 32.5%.
Ubiquiti company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques.
<a href="https://www.zacks.com/stock/news/2328323/sony-raises-playstation-5-price-in-japan-by-19-stock-up-3-5?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2328323">To read this article on Zacks.com click here.</a>

Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) today announced that Globo, the largest media conglomerate in Brazil, is migrating its playout workflow to the cloud with Harmonic. As a comprehensive solution with powerful channel playout, advanced branding, transcoding and delivery capabilities, Harmonic's cloud-native VOS&#xAE; Media Software enables Globo to launch linear playout channels faster, increase its workflow efficiencies and reduce expenses.

Globo And Harmonic Partner To Transition Playout To The Cloud

Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) has announced that it had successfully deployed its state-of-the-art IP Multimedia Subsystem (&quot;IMS&quot;) on the Red Hat OpenStack Platform for Spark New Zealand Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/spkky#OTC">SPKKY</a>). This significant upgrade aims to enhance the IMS infrastructure, thereby enhancing network resiliency and improving mobile voice and video calling services for Spark New Zealand&#39;s customers nationwide.
The IMS integration, which went live at Spark New Zealand&#39;s Network Data Centre in South Island, marks the first fully operational deployment of this kind in the country using the Red Hat OpenStack Platform. This transition from multiple custom solutions to a unified, cost-effective system is expected to reduce operational costs while offering a robust and scalable solution. It is likely to improve efficiency by reducing latency, ensuring a better user experience with minimal connectivity delays and delivering a seamless and efficient network experience.
This deployment in the South Island is a testament to Ericsson&#39;s long-standing partnership with Spark New Zealand and the former&#39;s shared commitment to innovation and excellence. Since 2015, Spark New Zealand has utilized Ericsson&#39;s IMS solutions to support its communication services. The introduction of this new IMS node in the South Island represents a key expansion of this infrastructure, complementing existing nodes in Spark New Zealand&#39;s two North Island Network Data Centres.
Furthermore, by the year-end, Spark New Zealand plans to migrate its current IMS nodes to the new Red Hat OpenStack Platform. This move is expected to unify the network, ensuring a single node manages the full traffic load for the entire country, thereby providing uninterrupted service even in the event of node failures.
The successful integration of Ericsson&#39;s IMS with Red Hat&#39;s open-source platform marks a significant milestone in improving network resiliency and service quality. This strategic enhancement not only optimizes performance but also fortifies the network against potential disruptions, paving the way for more reliable and efficient services for Spark New Zealand&#39;s customers across New Zealand. These advancements are set to play a crucial role in shaping the future of mobile connectivity and network infrastructure significantly.
<h2>Price Performance</h2>
Shares of Ericsson have gained 46% over the past year against the industry&#39;s decline of 50.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/76/75205.jpg?v=1079448991" />
Image Source: Zacks Investment Research
<h2>Zacks Rank and Key Picks</h2>
Ericsson currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the broader industry have been discussed below.
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.
<a href="https://www.zacks.com/stock/news/2326389/ericsson-eric-boosts-new-zealand-s-network-with-advanced-ims?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2326389">To read this article on Zacks.com click here.</a>

Ericsson Boosts New Zealand's Network With Advanced IMS

International Business Machines Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) recently announced that two of its developed algorithms have been formally incorporated into the world&#39;s first post-quantum cryptography standards, published by the U.S. National Institute of Standards and Technology (&quot;NIST&quot;). This achievement highlights IBM&#39;s pioneering role in safeguarding the world&#39;s digital infrastructure from the potential cyber threats posed by quantum computing.
The newly standardized algorithms, ML-KEM (derived from CRYSTALS-Kyber) and ML-DSA (derived from CRYSTALS-Dilithium), developed in collaboration with industry and academic partners, are set to aid governments and businesses worldwide in strengthening cybersecurity measures against the quantum threat.
ML-KEM is a key encapsulation mechanism designed for general encryption purposes, such as securing website access, while ML-DSA is a lattice-based algorithm intended for general-purpose digital signature protocols. Additionally, IBM&#39;s FN-DSA algorithm is selected for future standardization.
The official publication of these algorithms under NIST&#39;s standards marks a crucial step forward in the effort to protect sensitive data from quantum computing threats. Quantum computers, with their growing computational power, could potentially break current encryption methods, making the development of quantum-resistant algorithms essential for future data protection.
IBM&#39;s dedication to quantum computing extends beyond technological advancements to ensure quantum safety. The company is actively integrating post-quantum cryptographic solutions into many of its products, including IBM z16 and IBM Cloud. This commitment is further reflected in IBM&#39;s Quantum Safe roadmap, which outlines a comprehensive strategy to transition to quantum-safe technology through the phases of discovery, observation and transformation.
As an entirely new branch of computing, quantum computers are quickly accelerating into useful and large-scale systems. Per its Quantum Development Roadmap, IBM is set to deliver its first error-corrected quantum system by 2029, which is projected to perform hundreds of millions of quantum operations, solving complex and valuable problems that are currently beyond the reach of classical computers.
Looking forward, NIST plans to continue evaluating additional algorithms to expand its toolkit of post-quantum cryptographic solutions with several other IBM-developed algorithms. IBM remains at the forefront of this evolving field, working to ensure the security of data against future quantum threats while advancing its quantum computing capabilities.
Some leading companies operating in this space are Arista Networks, Inc., Motorola Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msi#NYSE">MSI</a>) and Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>).
Arista delivered a trailing four-quarter average earnings surprise of 15.02%. It provides cloud networking solutions for data centers and cloud computing environments.
Arista uses multiple silicon architectures across its products. At the core of the company&#39;s cloud networking solutions is the Linux-based Extensible Operating System, which was architected to be fully programmable and highly modular.
Motorola delivered an earnings surprise of 8.06%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 7.64%. It provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers.
The company develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
Harmonic delivered a trailing four-quarter average earnings surprise of 32.5%. 
Headquartered in San Jose, CA, the company provides video delivery software, products, system solutions and services worldwide.
With more than three decades of experience, Harmonic has revolutionized cable access networking via the industry&#39;s first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers&#39; homes and mobile devices.
<a href="https://www.zacks.com/stock/news/2322537/ibm-algorithms-chosen-for-post-quantum-cryptography-standards?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2322537">To read this article on Zacks.com click here.</a>

IBM Algorithms Chosen for Post-Quantum Cryptography Standards

Harmonic (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) closed the last trading session at $13.13, gaining 9.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.17 indicates a 30.8% upside potential.
The mean estimate comprises six short-term price targets with a standard deviation of $2.04. While the lowest estimate of $14 indicates a 6.6% increase from the current price level, the most optimistic analyst expects the stock to surge 52.3% to reach $20. It&#39;s very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for HLIT, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company&#39;s ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn&#39;t gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
<h2>Here&#39;s What You May Not Know About Analysts&#39; Price Targets</h2>
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company&#39;s fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock&#39;s price movement. While that doesn&#39;t necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
<h2>Why HLIT Could Witness a Solid Upside</h2>
Analysts&#39; growing optimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That&#39;s because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, three estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 22%.
Moreover, HLIT currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock&#39;s potential upside in the near term.
Therefore, while the consensus price target may not be a reliable indicator of how much HLIT could gain, the direction of price movement it implies does appear to be a good guide.
<a href="https://www.zacks.com/stock/news/2317057/wall-street-analysts-see-a-30-77-upside-in-harmonic-hlit-can-the-stock-really-move-this-high?cid=CS-BENZ-FT-tale_of_the_tape|consensus_price_target-2317057">To read this article on Zacks.com click here.</a>

Price Target

Wall Street Analysts See a 30.77% Upside in Harmonic: Can the Stock Really Move This High?

Shares of Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) fell sharply during Tuesday's session after the company reported second-quarter financial results and cut its FY24 adjusted EPS <a href="https://www.benzinga.com/general/biotech/24/07/40036607/mercks-q2-earnings-revenue-and-eps-beat-helped-by-strong-keytruda-sales-but-acquisition-costs-bit">guidance below estimates</a>.
Merck reported second-quarter sales of $16.1 billion, up 7% year-over-year, beating the consensus estimate of $15.84 billion. Excluding the impact of foreign exchange, sales increased 11%. Merck reported adjusted EPS of $2.28, a shift from an EPS loss of $(2.06), beating the consensus of $2.15, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Merck shares dipped 9.5% to $115.50 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Imunon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNN#NASDAQ">IMNN</a>) shares jumped 147.8% to $2.9250 after the company announced topline results from its Phase 2 OVATION 2 study with IMNN-001. The results showed an 11.1-month improvement in median overall survival compared to standard-of-care alone in the intent-to-treat population.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) surged 97% to $0.1731. AGAPE ATP strengthened wellness division via innovative incubation with emerging local SMEs.</li>
<li>Processa Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) shares climbed 53% to $2.60 after the company announced FDA clearance of its IND application for a Phase 2 clinical trial of NGC-Cap in breast cancer.</li>
<li>INVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) gained 33% to $1.1513.</li>
<li>Jet.AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares gained 29% to $0.3850.</li>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) jumped 28% to $3.4018.</li>
<li>CalciMedica, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALC#NASDAQ">CALC</a>) jumped 26.3% to $5.24.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) rose 20.6% to $7.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) rose 19.1% to $2.3050.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) gained 19.1% to $146.77 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) climbed 18.8% to $13.96 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
<li>Meta Data Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIU#NYSE">AIU</a>) gained 18.8% to $5.42.</li>
<li>Enveric Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVB#NASDAQ">ENVB</a>) rose 18.3% to $0.59 after jumping around 6% on Monday.</li>
<li>Inspirato Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) gained 18.3% to $6.20 after jumping over 50% on Monday.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) shares gained 15.9% to $98.13 after the company reported better-than-expected second-quarter financial results and issued its third-quarter earnings guidance above estimates.</li>
<li>NeoGenomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) gained 16.1% to $17.00 following upbeat earnings.</li>
<li>Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) rose 16.1% to $2.1250 after the company reported better-than-expected quarterly financial results.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) gained 15.5% to $97.79 after the company reported better-than-expected second-quarter financial results. Additionally, the company issued third-quarter earnings guidance above estimates.</li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) climbed 14.1% to $94.56 following better-than-expected second-quarter earnings, issued strong guidance, raised its dividend, increased its buyback authorization and issued strong guidance.</li>
<li>Repligen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) gained 13.4% to $156.48 following -quarter earnings.</li>
<li>Varonis Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) climbed 13.3% to $54.92 as the company reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.</li>
<li>Hayward Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAYW#NYSE">HAYW</a>) gained 11% to $14.98 after the company reported better-than-expected second-quarter EPS results.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) shares rose 10.6% to $196.46 after the company reported better-than-expected third-quarter financial results and raised its FY24 earnings guidance above estimates.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) shares gained 9.8% to $8.28. Pharming Group will report second quarter financial results on Aug. 1.</li>
<li>PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) climbed 8.5% to $63.98 after the company reported better-than-expected second quarter financial results.</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) rose 8.1% to $104.28 after the company reported better-than-expected second quarter financial results. Additionally, the company revised its FY24 adjusted EPS forecast upward.</li>
<li>Gartner, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) gained 6.4% to $500.83 following better-than-expected quarterly earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) shares fell 80.8% to $11.44. This sudden decline was triggered by the registration of two private placements with the U.S. Securities and Exchange Commission, which unlocked millions of shares and led to increased selling pressure, Bloomberg reported on Tuesday.</li>
<li>VBI Vaccines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBIV#NASDAQ">VBIV</a>) declined 64.8% to $0.1960 after the company was granted protection under Canada&#8217;s CCAA by the Ontario Superior Court. The company received approval for a DIP loan, and Ernst &amp; Young was appointed as the monitor during the restructuring process.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) dipped 40.8% to $0.6158 after the company announced it entered into an exclusive license agreement with Cortice Biosciences.</li>
<li>BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) tumbled 37% to $0.73.</li>
<li>Bloomz Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) dipped 30.7% to $1.78.</li>
<li>Ekso Bionics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) fell 26.6% to $1.0901 after the company reported worse-than-expected quarterly sales results.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) shares declined 25.2% to $12.27 after declining 4% on Monday.</li>
<li>VSee Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEE#NASDAQ">VSEE</a>) fell 23.3% to $2.7999.</li>
<li>SmartRent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMRT#NYSE">SMRT</a>) dipped 21.5% to $1.8850 after the company announced a CEO resignation and suspended its 2024 outlook.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares fell 21.1% to $28.13 after the company reported worse-than-expected third-quarter earnings results and issued fourth-quarter revenue guidance below estimates.</li>
<li>Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) fell 16.5% to $152.91 after the company reported mixed third-quarter financial results and lowered its FY24 revenue guidance below estimates.</li>
<li>NIP Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIPG#NASDAQ">NIPG</a>) fell 16.2% to $13.82. NIP Group announced the closing of its initial public offering and partial exercise of underwriters' option to purchase additional ADSs.</li>
<li>Merchants Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIN#NASDAQ">MBIN</a>) dipped 16.2% to $43.68 after the company reported worse-than-expected quarterly financial results. Additionally, Raymond James downgraded the stock.</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares fell 14.2% to $32.24 after the company issued roughly in-line guidance.</li>
<li>OneWater Marine Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) dipped 13.2% to $26.43 after the company reported worse-than-expected third-quarter financial results and issued weak guidance.</li>
<li>Celldex Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLDX#NASDAQ">CLDX</a>) shares fell 11.6% to $37.06 after reporting Phase 2 results for barzolvolimab in chronic inducible urticaria.</li>
<li>Transcat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) declined 11.2% to $120.00 following weak quarterly sales.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) dipped 9.7% to $233.65 following reports indicating Delta Air Lines would seek compensation from the cybersecurity company for last week&#8217;s outage.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares dipped 9.3% to $50.61 following weak quarterly sales.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) fell 8.7% to $38.99 following second-quarter results.</li>
<li>Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) shares fell 8.3% to $50.40 after the company reported worse-than-expected second-quarter financial results and issued weak third-quarter revenue guidance.</li>
<li>Ecolab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) declined 6.7% to $231.31 after the company reported worse-than-expected second-quarter sales results.</li>
<li>The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) fell 6.2% to $159.37 following a quarterly revenue miss.</li>
<li>Diageo plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEO#NYSE">DEO</a>) fell 5.5% to $124.30 after the company missed annual profit expectations.</li>
<li>Fresenius Medical Care AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMS#NYSE">FMS</a>) shares declined 4.5% to $19.45 following weak quarterly sales.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/07/40039797/top-3-health-care-stocks-you-may-want-to-dump-this-quarter">Top 3 Health Care Stocks You May Want To Dump This Quarter</a></li>
</ul>

Intraday Update

Movers

AMKR

ATPC

BIMI

BLMZ

CALC

CLDX

CNSP

CRWD

CVLT

EKSO

ENVB

FFIV

HAYW

IMNN

INVO

ISPO

JBLU

JTAI

LSCC

LUMN

MBIN

NIPG

NVAX

ONEW

PCSA

PHAR

PYPL

RGEN

RMBS

SMRT

TLRY

TRNS

TWOU

VBIV

VRNS

VSEE

Why Merck Shares Are Trading Lower By 10%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks were mixed, with the Dow Jones index gaining more than 100 points on Tuesday.
Shares of PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) rose sharply during Tuesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/40034498/fintech-giant-paypals-q2-earnings-revenue-and-eps-beat-payment-volumes-and-transactions-surge-guida">second quarter financial results</a>.
PayPal reported fiscal second-quarter revenue growth of 8% year over year to $7.89 billion, beating the analyst consensus estimate of $7.81 billion. The company reported a quarterly adjusted EPS of $1.19, beating analyst consensus estimates of 98 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
PayPal shares surged 8.5% to $63.98 on Tuesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) jumped 20.6% to $7.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) jumped 19.1% to $2.3050.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) jumped 19.1% to $146.77 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) jumped 18.8% to $13.96 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) shares rose 15.9% to $98.13 after the company reported better-than-expected second-quarter financial results and issued its third-quarter earnings guidance above estimates.</li>
<li>NeoGenomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) rose 16.1% to $17.00 following upbeat earnings.</li>
<li>Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) rose 16.1% to $2.1250 after the company reported better-than-expected quarterly financial results.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) climbed 15.5% to $97.79 after the company reported better-than-expected second-quarter financial results. Additionally, the company issued third-quarter earnings guidance above estimates.</li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) gained 14.1% to $94.56 following better-than-expected second-quarter earnings, issued strong guidance, raised its dividend, increased its buyback authorization and issued strong guidance.</li>
<li>Repligen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) rose 13.4% to $156.48 following -quarter earnings.</li>
<li>Varonis Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) jumped 13.3% to $54.92 as the company reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.</li>
<li>Hayward Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAYW#NYSE">HAYW</a>) rose 11% to $14.98 after the company reported better-than-expected second-quarter EPS results.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) shares climbed 10.6% to $196.46 after the company reported better-than-expected third-quarter financial results and raised its FY24 earnings guidance above estimates.</li>
<li>Heidrick &amp; Struggles International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) gained 10.2% to $39.41 following upbeat quarterly results.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) shares rose 9.8% to $8.28. Pharming Group will report second quarter financial results on Aug. 1.</li>
<li>CNO Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNO#NYSE">CNO</a>) jumped 9% to $33.78 following upbeat quarterly results.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) surged 8.6% to $3.78.</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) gained 8.1% to $104.28 after the company reported better-than-expected second quarter financial results. Additionally, the company revised its FY24 adjusted EPS forecast upward.</li>
<li>Eagle Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) jumped 8.1% to $268.95 after the company reported better-than-expected first-quarter EPS results.</li>
<li>NovoCure Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) rose 8% to $22.47.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) gained 7.3% to $3.0802. Spirit Airlines announced low-fare travel with new premium offerings starting Aug. 2024.</li>
<li>Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) jumped 6.4% to $356.62 after the company reported better-than-expected quarterly financial results. Additionally, the company raised its FY24 guidance.</li>
<li>Gartner, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) rose 6.4% to $500.83 following better-than-expected quarterly earnings.</li>
<li>Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) climbed 4.9% to $147.31 after the company reported better-than-expected quarterly financial results.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 4.8% to $69.13.</li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) gained 4.3% to $10.88.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/40038432/mcdonalds-analysts-cut-their-forecasts-after-downbeat-earnings">McDonald&#8217;s Analysts Cut Their Forecasts After Downbeat Earnings</a></li>
</ul>

HSII

NVCR

PEGA

SAVE

SWIM

ZBRA

PayPal Posts Upbeat Earnings, Joins Sprouts Farmers Market, Stanley Black & Decker, Phillips 66 And Other Big Stocks Moving Higher On Tuesday

WIIM

Harmonic shares are trading higher after the company reported better-than-expected Q2 financial results. Additionally, the company issued Q3 revenue guidance above estimates.

Barclays analyst Tim Long maintains Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) with a Overweight and raises the price target from $14 to $20.

Barclays Maintains Overweight on Harmonic, Raises Price Target to $20

Needham analyst Ryan Koontz reiterates Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) with a Buy and maintains $18 price target.

Reiteration

Needham Reiterates Buy on Harmonic, Maintains $18 Price Target

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to report quarterly earnings at $2.93 per share on revenue of $64.36 billion after the closing bell. Microsoft shares fell 0.4% to $425.00 in after-hours trading.</li>
<li>Flowserve Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) reported upbeat earnings for its second quarter on Monday. Flowserve shares fell 0.8% to $50.50 in the after-hours trading session.</li>
<li>Analysts expect Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) to post quarterly earnings at 46 cents per share on revenue of $13.02 billion. The company will release earnings before the markets open. Pfizer shares fell 0.2% to $30.72 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates. Harmonic shares jumped 13.2% to $13.30 in the after-hours trading session.</li>
<li>Analysts expect The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) to post quarterly earnings at $1.37 per share on revenue of $20.74 billion before the opening bell. Procter &amp; Gamble shares gained 0.3% to $170.39 in after-hours trading.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/40007546/anixa-biosciences-and-3-other-stocks-under-5-insiders-are-buying">Anixa Biosciences And 3 Other Stocks Under $5 Insiders Are Buying</a></li>
</ul>
Photo courtesy: Procter &amp; Gamble

Pre-Market Outlook

MSFT

Procter & Gamble, Microsoft And 3 Stocks To Watch Heading Into Tuesday

Harmonic Announces Telecentro Selects cOS Broadband Platform To Modernize Network; Enhances DOCSIS 3.1 With Virtualized Core Software And Edge Devices For High-Speed Internet Services In Argentina

Guidance

Harmonic Sees Q3 2024 Net Revenue $175M-$190M Vs $133.66M Estimate

Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.04 by 100 percent. This is a 33.33 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $138.740 million which beat the analyst consensus estimate of $133.666 million by 3.80 percent. This is a 11.04 percent decrease over sales of $155.963 million the same period last year.

Earnings Beats

Harmonic Q2 2024 Adj. EPS $0.08 Beats $0.04 Estimate, Sales $138.740M Beat $133.666M Estimate

Across the recent three months, 4 analysts have shared their insights on Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $18.0, along with a high estimate of $18.00 and a low estimate of $18.00. Holding firm without variation, the current average remains at the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1721329259_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Harmonic by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Frankel</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Harmonic. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Harmonic compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Harmonic's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HLIT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Harmonic analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Harmonic</h2>
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 Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.
<h3>Understanding the Numbers: Harmonic's Finances</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Harmonic's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -22.57%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -6.63%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Harmonic's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.91%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Harmonic's ROA stands out, surpassing industry averages. With an impressive ROA of -1.07%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Harmonic's debt-to-equity ratio is below the industry average at 0.38, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Harmonic: Insights From 4 Financial Analysts

In the latest quarter, 4 analysts provided ratings for Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Harmonic, presenting an average target of $18.0, a high estimate of $18.00, and a low estimate of $18.00. No alteration is observed as the current average remains at the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1721304215_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Harmonic by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Frankel</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Harmonic. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Harmonic compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Harmonic's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HLIT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Harmonic analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Harmonic: A Closer Look</h2>
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 Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.
<h3>Harmonic's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Harmonic's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -22.57% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -6.63%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Harmonic's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.91%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Harmonic's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -1.07% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Harmonic's debt-to-equity ratio is below the industry average. With a ratio of 0.38, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Harmonic Stock: Analyst Perspectives (4 Ratings)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s a great time to consider investing in small-cap stocks. The Russell 2000 index &mdash; comprising 2,000 firms with market capitalizations between $250 million and $2 billion &mdash; recently hit its <a href="https://www.cnbc.com/2024/07/16/small-caps-are-the-hottest-trade-going-in-the-stock-market-right-now-and-theyre-up-again-tuesday.html">highest level since January 2022</a>.&nbsp;



The benchmark index has continued to outpace the S&amp;P 500 over the past several weeks. The index is more sensitive than its larger cousin and tends to move quicker in either direction. Given cooling inflation data, many believe small-cap stocks are set to rise rapidly over the coming months.&nbsp;



Investors also continue to rotate out of large <a href="https://investorplace.com/industries/technology/">tech stocks</a> that have driven so much of overall market returns on AI&rsquo;s growth. Investors are also beginning to price in the potential of a win in the upcoming election by Donald Trump this November. Trump is widely expected to boost the economy if elected. Meanwhile, rate cuts will serve to boost the economy regardless of election results. It all continues to benefit small-cap stocks.&nbsp;



<h2>Enlight Renewable Energy (ENLT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/solar-stocks-1600-300x169.jpg" alt="rows of solar panels, representing solar stocks"><div>Source: Love Silhouette / Shutterstock.com</div></div>Enlight Renewable Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/enlt-stock-quote/">ENLT</a>) has to be one of the more intriguing plays available to investors currently. It is well positioned as a small-cap stock with a market cap of $1.94 billion. That puts it right at the cusp of moving out of small-cap territory.&nbsp;



Regardless, what I like about Enlight Renewable Energy is the unique combination of factors conspiring in its favor currently. The small-cap narrative speaks for itself. What&rsquo;s equally important is the fact that the company operates a renewable energy platform serving Israel, Europe and the U.S.&nbsp;



Renewable energy is in high demand as AI firms are looking to reduce their carbon emissions. However, they are increasing their energy consumption due to the AI boom. That makes renewable energy &mdash; with its negligible carbon footprint &mdash; the perfect choice for AI firms. AI hyperscalers like Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and others will look to utilities firms including Enlight Renewable Energy to meet that demand.&nbsp;



Not to mention, the company is <a href="https://stockanalysis.com/stocks/enlt/forecast/">booming in 2024</a> from both a top- and bottom-line perspective.&nbsp;



<h2>Harmonic (HLIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/film-home-video-1600-300x169.png" alt="A woman in a pink jacket sits at a table inside while filming herself on camera"><div>Source: garetsworkshop / Shutterstock</div></div>Harmonic (NASDAQ:<a href="https://investorplace.com/stock-quotes/hlit-stock-quote/">HLIT</a>) sells communications equipment in the broadband and video markets. The company specializes in virtualized broadband and video delivery solutions. Harmonic creates the infrastructure that allows cable and internet service providers (ISPs) to deliver high-quality internet and video streaming services to their customers.



The company produces and sells hardware and software products. These technologies help ISPs efficiently manage their networks and deliver faster internet speeds. Harmonic sells those products to large, well-known broadband firms, Comcast for example. It is a B2B small-cap stock providing the products that power the internet and video you and I use everyday.&nbsp;



It&rsquo;s also a stock that is widely <a href="https://stockanalysis.com/stocks/hlit/forecast/">positively regarded by analysts</a>, all of whom rate it a &ldquo;buy&rdquo; or better. There are other strong reasons to consider HLIT aside from the small-cap narrative. One of the best is its <a href="https://www.gurufocus.com/term/gross-margin/HLIT">very strong gross margins</a>. Harmonic benefits from strong pricing advantages that should fuel everything that falls below gross margins on the income statement.&nbsp;



<h2>SMART Global (SGH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/computers1600d-300x169.jpg" alt="a man working on a computer hard drive"><div>Source: Shutterstock</div></div>SMART Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/sgh-stock-quote/">SGH</a>) recently <a href="https://www.businesswire.com/news/home/20240716664822/en/SGH-to-Become-Penguin-Solutions/">rebranded</a> as Penguin Solutions and designs, develops and sells memory solutions. Those memory solutions include products like DRAM modules, flash storage devices and memory upgrades. Those products are especially in demand at companies working in artificial intelligence, big data and cloud computing. That makes it a small-cap stock that is heavily leveraged in the AI opportunity.&nbsp;



Penguin Solutions&rsquo; head of marketing, Mark Seamens, notes:&nbsp;




&ldquo;AI is being used to drive competitive advantage in almost every industry. Large language model (LLM) computing, analytics, inferencing, and simulation have all become critical across a wide range of applications, and enterprises of all sizes are racing to deploy AI for both differentiation and business acceleration, However, AI infrastructure is incredibly complex. It differs significantly from traditional enterprise IT and requires a new set of technical expertise that organizations have not yet developed. In many cases, the complexity involved in AI solutions is leading to slow adoption, delayed deployments, underperforming systems, and unrealized return on investment.&rdquo;




Penguin Solutions has deployed more than 75,000 GPUs and has deep experience that it should be able to leverage in the AI space. The stock is <a href="https://stockanalysis.com/stocks/sgh/forecast/">very well regarded</a> by the analysts who cover it suggesting real potential.&nbsp;



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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Harmonic Non-GAAP EPS of $0.08 beats by $0.04, revenue of $138.7M beats by $5.09M

Harmonic Inc. 2024 Q2 - Results - Earnings Call Presentation

Harmonic Inc. (HLIT) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Harmonic (NASDAQ:<a href="https://investorplace.com/stock-quotes/hlit-stock-quote/">HLIT</a>) just reported results for the second quarter of 2024.<ul><li>Harmonic reported earnings per share of 8 cents. This was above the analyst estimate for EPS of 4 cents.</li><li>The company reported revenue of $138.74 million.</li><li>This was 3.80% better than the analyst estimate for revenue of $133.66 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/hlit-stock-earnings-harmonic-for-q2-of-2024/">HLIT Stock Earnings: Harmonic Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

HLIT Stock Earnings: Harmonic Beats EPS, Beats Revenue for Q2 2024

In a report released today, Tim Long from Barclays maintained a Buy rating on Harmonic (HLIT – Research Report), with a price target of $20.00. The...

Barclays Keeps Their Buy Rating on Harmonic (HLIT)

Needham analyst Ryan Koontz has maintained their bullish stance on HLIT stock, giving a Buy rating today. Ryan Koontz has given his Buy rating due ...

Buy Rating Affirmed for Harmonic on Strong Q2 Performance and Market Leadership in vCMTS Software

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are a hot topic as we jump into all of the biggest news that has shares heading higher and lower on Tuesday morning!



Moving stocks this morning are earnings reports, clinical trial results and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Imunon (NASDAQ:<a href="https://investorplace.com/stock-quotes/imnn-stock-quote/">IMNN</a>) stock is rocketing more than 133% alongside <a href="https://finance.yahoo.com/news/imunon-report-topline-results-phase-200500840.html">Phase 2 clinical trial results</a>.</li>



<li>Jet AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/jtai-stock-quote/">JTAI</a>) shares are soaring over 57% despite a lack of news this morning.</li>



<li>Enveric Biosciences (NASDAQ:<a href="https://investorplace.com/stock-quotes/envb-stock-quote/">ENVB</a>) stock is surging more than 32% with strong early morning trading.</li>



<li>Inspirato (NASDAQ:<a href="https://investorplace.com/stock-quotes/ispo-stock-quote/">ISPO</a>) shares are rising close to 26% without any clear news this morning.</li>



<li>Pharming (NASDAQ:<a href="https://investorplace.com/stock-quotes/phar-stock-quote/">PHAR</a>) stock is heading over 21% higher ahead of its <a href="https://www.nasdaq.com/press-release/pharming-group-report-second-quarter-and-first-half-2024-financial-results-august-1-0">upcoming earnings report</a>.</li>



<li>Sprouts Farmers Market (NASDAQ:<a href="https://investorplace.com/stock-quotes/sfm-stock-quote/">SFM</a>) shares are increasing more than 17% after <a href="https://investorplace.com/earning-results/2024/07/sfm-stock-earnings-sprouts-farmers-market-for-q2-of-2024/?utm_source=barchart&amp;utm_medium=allother">releasing its Q2 earnings</a>.</li>



<li>Harmonic (NASDAQ:<a href="https://investorplace.com/stock-quotes/hlit-stock-quote/">HLIT</a>) stock is climbing over 17% with its <a href="https://www.nasdaq.com/press-release/harmonic-announces-second-quarter-2024-results-2024-07-29">Q2 earnings report</a>.</li>



<li>Davis Commodities (NASDAQ:<a href="https://investorplace.com/stock-quotes/dtck-stock-quote/">DTCK</a>) shares are gaining more than 15% on Tuesday morning.</li>



<li>T2 Biosystems (NASDAQ:<a href="https://investorplace.com/stock-quotes/ttoo-stock-quote/">TTOO</a>) stock is getting an over 14% boost with its <a href="https://www.nasdaq.com/press-release/t2-biosystems-announces-second-quarter-2024-financial-results-2024-07-29">latest earnings report</a>.</li>



<li>Serve Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/serv-stock-quote/">SERV</a>) shares are up more than 14% after announcing <a href="https://www.nasdaq.com/press-release/investor-one-one-meeting-requests-open-29th-annual-enercom-denver-energy-investment">investor meeting plans</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>QXO (NASDAQ:<a href="https://investorplace.com/stock-quotes/qxo-stock-quote/">QXO</a>) stock is crashing over 80% after <a href="https://finance.yahoo.com/news/high-flying-qxo-erases-36-221350996.html">announcing a private placement</a>.</li>



<li>BIMI (NASDAQ:<a href="https://investorplace.com/stock-quotes/bimi-stock-quote/">BIMI</a>) shares are plummeting more than 23% on Tuesday morning.</li>



<li>Ekso Bionics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ekso-stock-quote/">EKSO</a>) stock is diving over 22% alongside its <a href="https://finance.yahoo.com/news/ekso-bionics-ekso-reports-q2-214505963.html">Q2 earnings results</a>.</li>



<li>Symbotic (NASDAQ:<a href="https://investorplace.com/stock-quotes/sym-stock-quote/">SYM</a>) shares are tumbling more than 18% after <a href="https://finance.yahoo.com/news/symbotic-inc-sym-reports-q3-213008077.html">reporting a Q3 loss</a>.</li>



<li>Lattice Semiconductor (NASDAQ:<a href="https://investorplace.com/stock-quotes/lscc-stock-quote/">LSCC</a>) stock is taking an almost 18% beating with its <a href="https://seekingalpha.com/article/4707817-lattice-semiconductor-corporation-lscc-q2-2024-earnings-call-transcript?source=feed_all_articles">latest earnings report</a>.</li>



<li>Lipella Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/lipo-stock-quote/">LIPO</a>) shares are falling over 17% <a href="https://investorplace.com/2024/07/why-is-lipella-pharmaceuticals-lipo-stock-up-149-today/">after a rally yesterday</a>.</li>



<li>Cognition Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgtx-stock-quote/">CGTX</a>) stock is dropping more than 16% as it continues downward movement <a href="https://investorplace.com/2024/07/why-is-cognition-therapeutics-cgtx-stock-down-33-today/">on study results</a>.</li>



<li>NLS Pharmaceutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/nlsp-stock-quote/">NLSP</a>) shares are sliding over 14% <a href="https://investorplace.com/2024/07/why-is-nls-pharmaceutics-nlsp-stock-up-48-today/">following a merger rally yesterday</a>.</li>



<li>Troops (NASDAQ:<a href="https://investorplace.com/stock-quotes/troo-stock-quote/">TROO</a>) stock is decreasing more than 13% today.</li>



<li>Loop Media (NYSEMKT:<a href="https://investorplace.com/stock-quotes/lptv-stock-quote/">LPTV</a>) shares close out our pre-market stock movers down over 12% after <a href="https://www.stocktitan.net/news/LPTV/loop-media-inc-announces-new-partnership-and-nationwide-launch-of-u3mffuxudp5v.html">jumping yesterday on a new partnership</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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Harmonic Surges Briefly, But Pay More Attention To Rising Earnings

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ACLS

AMZN

BIDU

CAVA

CGTX

COTY

DAVE

DTCK

ENLT

GRPN

GTHX

HNST

INTU

LIPO

LPTV

LSXMA

LSXMB

LSXMK

NLSP

NVDA

ORLY

PANW

PARA

PTON

QCOM

REGN

ROST

SERV

SIRI

SNOW

SONO

SSNLF

TCPC

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TTOO

TTWO

UBER

UBSFY

URBN

VECO

WKHS

WOLF

WULF

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Entertainment

Contracts

Press Releases

RTL Deutschland Expands FAST Channel Offering with Harmonic and netorium

Persidera Transforms Terrestrial Video Delivery Workflows with Harmonic

Harmonic Reappoints Dan Whalen to its Board of Directors

Globo Partners with Harmonic to Transition Playout to the Cloud

Harmonic Leads Video Streaming and Broadcast Delivery Innovation at IBC2024

TOD by beIN MEDIA GROUP Partners with Harmonic to Enhance Live Sports Streaming in the MENA Region

Harmonic Drives Innovation with New Game-Changing Capabilities for Its Market-Leading VOS Software and SaaS Solutions

Harmonic Boosts Video Streaming and Broadcast Efficiency with Next-Generation XOS and Spectrum X Solutions

Harmonic's VOS360 Ad SaaS Validated by FreeWheel, Transforming Video Streaming Monetization

Harmonic Charts the Future of Broadband at SCTE TechExpo24

Applied Optoelectronics, Inc. - Common Stock

Applied Optoelectronics

Adtran Holdings

Arista Networks

Aviat Networks

Calix

Ciena

Clearfield

CommScope Holding Company, Inc. - Common Stock

CommScope Hldg Co

Cisco Systems

Digi Intl

Ericsson - American Depositary Shares each representing 1 underlying Class B share

Telefonaktiebolaget L M

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Harmonic (HLIT) Forecast

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