Harmonic authorizes $100M stock repurchase program through Feb 2025

HARMONIC INC.

Board approved repurchase of up to $100M of common stock, program expires February 2025.
Funded from cash on hand and cash from operations; no debt issuance planned.
CEO Harshman states repurchase program reflects confidence in balance sheet and future growth.
Repurchases may be made via open market or 10b5-1 plans, subject to price and market conditions.
Company not obligated to repurchase any specific amount; program may be suspended anytime.

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