Movement Alert｜L3Harris Technologies, Inc. Falls 3.48% in After-Hours Trading, Communications Outage Weighs on Network Oversight Exposure

Market Focus11-14 07:29

On November 14, L3Harris Technologies, Inc. fell 3.48% in After-Hours Trading to $261.5 per share, with turnover of $6.6169 million.

The move followed reports that a U.S. communications outage appears to be affecting a telecommunications network overseen by L3Harris Technologies, Inc., pressuring after-hours sentiment.

Recent fundamentals had been comparatively solid: third-quarter EPS was $3.28 on revenue of $6.06 billion, both above expectations, and the company raised full-year revenue guidance to $23.5 billion to $23.7 billion while backlog reached a record $53.2 billion. Even so, the latest outage-related event appears to have overtaken those positives in short-term pricing. Analyst views have also been mixed recently, with one firm lowering its target to $349 while another said post-merger integration progress continues but meaningful gaps remain.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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