Why Harmonic Stock Is Trading Higher After Hours

Harmonic Inc HLIT shares are rising after the close on Monday after the company announced a new partnership with Charter Communications Inc CHTR.

What To Know: Charter Communications has chosen Harmonic as its strategic technology partner. The company will implement virtual CMTS technology for advanced broadband services as part of the partnership. 

Harmonic's cloud-native CableOS solution powers over 90 broadband service providers worldwide. Charter plans to deploy Harmonic's platform to create a flexible and sustainable foundation for market-leading connectivity services. 

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HLIT Price Action: Harmonic has a 52-week high of $15.80 and a 52-week low of $8.25, according to Benzinga Pro. The stock has steadily trended higher over the last five years. It's up nearly 38% over a one-year period.

Harmonic shares were up 6.95% after hours at $14 at time of publication.

Photo: Victoria_Watercolor from Pixabay.