Pomerantz Law Firm Launches Investigation into Harmonic Inc. Following Poor Earnings Announcement

Investor Alert: Pomerantz Law Firm Investigates Harmonic Inc.

NEW YORK, March 3, 2025 - Pomerantz LLP has initiated an investigation into allegations surrounding investors of Harmonic Inc. (NASDAQ: HLIT). Following the company's recent announcement regarding its disappointing financial results, Pomerantz is probing whether Harmonic and its executives might have been involved in unlawful business activities or securities fraud.

On February 10, 2025, Harmonic unveiled its financial performance for the fourth quarter and the fiscal year that ended on December 31, 2024. The announcement was met with concern as the company projected its earnings per share (EPS) for the first quarter of 2025 to be between $0.02 and $0.08 on anticipated revenues of $120 million to $135 million. These figures fell significantly short of analyst expectations, which estimated an EPS of $0.12 and revenues of around $149.39 million.

Moreover, Harmonic's guidance for the full year of 2025 also disappointed investors, with a projected EPS range of $0.43 to $0.68 against a revenue forecast of $585 million to $645 million. This was starkly below the consensus estimates of $0.87 EPS and $720.73 million in revenue, further stimulating the investigation led by Pomerantz.

As a result of this disheartening news, Harmonic's stock experienced a significant decline, plummeting by $1.70 per share or 15.29%, closing at $9.42 on February 11, 2025. The sharp drop in stock price has prompted a closer examination by legal experts at Pomerantz LLP, who specialize in corporate securities and antitrust class litigation.

Established as a premier law firm in the realm of securities litigation, Pomerantz has a longstanding reputation, thanks to its founding by Abraham L. Pomerantz, commonly referred to as the dean of the class action bar. With over 85 years in the field, the firm remains committed to advocating for victims of securities fraud and corporate misconduct, successfully recovering multi-million dollar damages for class action members over the years.

Investors who believe they may have incurred losses due to Harmonic's actions are encouraged to reach out to Danielle Peyton at Pomerantz LLP for more information regarding potential class action participation. The law firm emphasizes that attorney advertising should not convey guarantees of outcomes based on past results, but it embodies a strong advocacy for shareholder rights.

Investors can find more about Pomerantz LLP and their initiatives by visiting their official website at www.pomlaw.com. They can also get in touch directly with Ms. Peyton via email or phone.

The ongoing investigation highlights the significance of corporate transparency and investor protection in the financial markets. As more details unfold, stakeholders are urged to remain vigilant and informed.