Harmonic Announces $100 Million Stock Repurchase Program
"Harmonic is committed to strategically deploying capital where we believe it can generate value for our shareholders," said
Repurchases under the program may be made from time to time through open market purchases and 10b5-1 trading plans, in accordance with applicable securities laws. The timing and amount of any repurchases will depend on a variety of factors, including the price of Harmonic's common stock, market conditions, corporate needs and regulatory requirements. The stock repurchase program does not commit Harmonic to acquire any particular amount of its common stock, and the program may be amended, suspended or discontinued at any time at the company's discretion.
Further information about Harmonic and the company's solutions is available at www.harmonicinc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding Harmonic's stock repurchase program and Harmonic's business. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including, but not limited to, the fact that stock repurchases may not be conducted in the timeframe or in the manner Harmonic expects, or at all, and the other risks and uncertainties more fully described in Harmonic's filings with the
Harmonic, the Harmonic logo and other Harmonic marks are owned by
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INVESTOR CONTACT: David Hanover, KCSA Strategic Communications, Investor Relations for Harmonic, +1 212-896-1220, email@example.com