HLIT is trading about 27% up in pre-market near $19.34, continuing a powerful rally that began after its impressive first-quarter earnings report on May 11.
- The company significantly beat earnings expectations, reporting a 43% year-over-year increase in Broadband revenue and subsequently raising its full-year 2026 outlook. [1, 3, 12]
- The surge follows a strong multi-session rally, with the stock moving from the $12.70–$15.20 range in the prior week. [2]
- Analyst sentiment has been positive following the report, with multiple brokers raising price targets, validating the company's pivot to a focused broadband platform. [2]