Harmonic Lowers Estimates

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Harmonic Inc. lowered its second-quarter revenue estimates to $56 million-$60 million, down from the $73 million-$77 million it announced during its first-quarter earnings call a few months ago.

The vendor attributed the change to slower orders of digital-headend equipment from U.S. MSOs.

“It continues to be difficult to predict the timing of orders and revenues for these installations,” chairman, president and CEO Anthony Ley said.