Harmonic Inc
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Information Technology : Communications Equipment | Small Cap BlendCompany profile

Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. Its Cable Edge business sells cable edge solutions and related services to cable operators around the world. The Video segment offers a range of products and solutions, as well as software-based media processing platforms. The Company's Narrowcast Services Gateway (NSG) products are integrated edge gateway products that integrate routing, multiplexing, scrambling and modulation into a single package for the delivery of narrowcast services to subscribers over cable networks.

Postmarket

Last Trade
Delayed
$7.95
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$7.95
Day's Change
0.03 (0.38%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
8.02
Day's Low
7.84
Volume
(Above Average)
Volume:
856,830

10-day average volume:
759,856
856,830

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against ADTRAN, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

7:26 pm ET October 1, 2019 (BusinessWire) Print

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ADTRAN, Inc. ("ADTRAN" or "the Company") (NASDAQ: ADTN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ADTRAN announced "preliminary" earnings for the second quarter of 2019 on July 17, 2019. This was due to the Company's ongoing assessment of excess and obsolete inventory reserves ("E&O reserves"). On August 12, 2019, ADTRAN indicated that it would be incapable of filing its quarterly financial report with the SEC in a timely manner due to a material weakness related to E&O reserves.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191001006225/en/

SOURCE: The Schall Law Firm

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com 
www.schallfirm.com

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