Scopia Capital reported a 5.4% stake in Harmonic, which represents over 6M shares. The filing with the SEC allows for activism. Scopia said it has engaged, and intends to continue to engage, in communications with the company’s board and management team regarding opportunities to enhance stockholder value.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLIT: