Why Harmonic Stock Soared on Tuesday

Why Harmonic Stock Soared on Tuesday

What happened Shares of Harmonic (NASDAQ: HLIT), a telecommunications infrastructure specialist, soared on Tuesday. The tech stock was up about 27% as of 12:25 p.m. EDT. The stock's gain followed the company's better-than-expected second-quarter report and management's strong guidance for the rest of the year.