An investigation on behalf of investors in NASDAQ:HLIT shares over potential wrongdoing at Harmonic Inc was announced and NASDAQ:HLIT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/19/2017 -- An investigation for investors in shares of Harmonic Inc (NASDAQ:HLIT) was announced concerning possible breaches of fiduciary duties by certain officers and directors at Harmonic Inc.
Investors who purchased shares of Harmonic Inc (NASDAQ:HLIT) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Harmonic Inc officers and directors breached their fiduciary duties.
Harmonic Inc reported that its annual Total Revenue rose from $377.03 million in 2015 to $405.91 million in 2016 and that its Net Loss increased from $15.66 million in2 105 to $72.31 million in 2016.
Shares of Harmonic Inc (NASDAQ:HLIT) grew from $2.62 per share in May 2016 to as high as $6.10 per ahare on March 6, 2017.
On May 18, 2017, NASDAQ:HLIT shares closed at $4.95 per share.
Those who purchased shares of Harmonic Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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