Harmonic Shares Jump, Eyes on Video Unit Sale
Harmonic Inc. shares jumped 19.7% Friday to $15.20, capping a 21% weekly gain on heavy volume after the company raised its 2026 broadband revenue outlook to $475 million–$495 million. First-quarter broadband revenue rose 43% to $121.7 million, with backlog and deferred revenue up 87%. Nasdaq will be closed Monday for Memorial Day; trading resumes Tuesday.