Harmonic Inc - HLIT STOCK NEWS

Sercomm and Harmonic have announced a strategic collaboration to advance DOCSIS 4.0 unified technologies. This partnership will see Sercomm introduce new DOCSIS 4.0 Unified Amplifiers, leveraging Harmonic's expertise in FDX and unified nodes. According to James Wang, CEO of Sercomm, this collaboration will enhance network performance for service providers by reducing time to market and accelerating the deployment of cutting-edge broadband technologies.

The collaboration aims to enable symmetrical upstream and downstream data speeds, improve interoperability between network components, and reduce integration complexities for service providers. This seamless interoperability allows operators to maximize their existing infrastructure while transitioning to DOCSIS 4.0, ensuring faster, more reliable deployments with minimized risks.

Nimrod Ben-Natan, CEO of Harmonic, highlighted that this partnership will empower operators to rapidly evolve their networks and offer high-performance services to their customers. The improved time to market and enhanced interoperability between Harmonic's unified nodes and Sercomm's amplifiers are expected to provide a competitive edge in the rapidly evolving broadband landscape.

Harmonic (NASDAQ: HLIT) has announced its participation in two major investor conferences this December. President and CEO Nimrod Ben-Natan and CFO Walter Jankovic will conduct a fireside chat at the Raymond James 2024 TMT and Consumer Conference in New York on December 9, 2024, at 8:20 a.m. PT. Additionally, Jankovic will attend investor meetings at the Barclays 2024 Global Technology Conference in San Francisco on December 12, 2024.

The fireside chat will be available via live audio webcast on Harmonic's investor relations website, with the recording remaining accessible for 30 days afterward.

Romanesque Capital, a long-term shareholder of Harmonic Inc. (NASDAQ: HLIT) since 2016, has expressed support for a strategic review aimed at selling the company to maximize shareholder value. The investor endorses Ancora Holdings' analysis and recommendations, citing a disconnect between Harmonic's stock price and its fundamentals despite the company's market-leading products and valuable partnerships. Romanesque Capital suggests that Harmonic would benefit from being part of a larger organization where synergies could be realized.

Ancora Holdings Group, a significant shareholder of Harmonic (NASDAQ: HLIT), has released a presentation highlighting opportunities for near-term value creation. The investor believes Harmonic's stock, currently trading at ~$12, could appreciate to ~$20 per share through either meeting 2026 broadband targets or through a sale process. Ancora suggests that Harmonic could attract interest from well-capitalized acquirers like Ciena . The presentation criticizes management's poor investor communication, which they believe has led to depressed trading multiples despite strong financials and market-leading innovation. Ancora plans to engage with Harmonic's board to evaluate standalone prospects versus sale options.

Harmonic (NASDAQ: HLIT) reported record Q3 2024 results with revenue of $195.8 million, up 54% year-over-year. The Broadband segment revenue surged 92% to $145.3 million, while Video segment revenue was $50.4 million. GAAP net income reached $21.7 million ($0.19 per share), compared to a loss of $6.5 million in Q3 2023. Non-GAAP adjusted EBITDA increased significantly to $43.4 million. The company demonstrated strong execution with improved gross margins and commercially deployed its cOS solution with 121 customers, serving 32.0 million cable modems.

Harmonic (NASDAQ: HLIT) has announced the release date for its third quarter 2024 financial results. The company will disclose the results after the market close on Monday, October 28, 2024. Following the release, Harmonic will host a live webcast at 2:00 p.m. PT to discuss the results.

Participants can join via telephone by registering in advance through a provided link. The webcast will be accessible through Harmonic's Investor Relations website. For those unable to attend the live event, a replay will be available on the same website after 5:00 p.m. PT. The company recommends participants dial in or sign on at least 15 minutes before the call.

Harmonic (NASDAQ: HLIT) has announced its Broadband Equity, Access and Deployment (BEAD) solutions to accelerate high-speed fiber-to-the-home (FTTH) deployments. The company's American-built Fin 10G R-OLT SFP+ can serve customers up to 20km away, extending existing network edge devices to reach isolated unserved and underserved communities.

The Fin pluggable module is compatible with Harmonic's rack-mounted switches and Jetty remote switches, which can be integrated into various node types. Harmonic expects to complete the BEAD and Build America, Buy America (BABA) certification process for the Fin R-OLT module by year-end and for other key fiber products in 2025.

Harmonic (NASDAQ: HLIT) has announced expanded efforts to improve interoperability between optical network units (ONU) and optical line terminals (OLT) for fiber broadband deployment. The company has added new interoperability facilities for third-party ONU vendors in North America and Europe, emphasizing its commitment to an Open ONU approach. Harmonic's cOS™ virtualized core software enables operators to support ONU devices from any vendor, eliminating vendor lock-in and reducing deployment costs.

Harmonic is collaborating with leading ONU manufacturers, including Sercomm, Hitron, and Genexis, to drive interoperability in the operator community. The company's cOS platform currently powers next-gen broadband services to more than 30 million homes worldwide for leading operators across multiple continents. This initiative aims to standardize interactions between OLT and ONU manufacturers, reshaping the economic dynamics of fiber-to-the-home deployment.

Harmonic (NASDAQ: HLIT) and Comcast have announced a breakthrough in unified DOCSIS 4.0 technology, set to be showcased at SCTE TechExpo24. Harmonic's cOS™ virtualized broadband platform is the first solution to unify both Full Duplex (FDX) and Frequency Division Duplexing (FDD) variants of DOCSIS 4.0, enabling operators to deliver symmetrical speeds up to 9Gbps over existing infrastructure.

The cOS platform powers an intelligent ecosystem of network edge devices, allowing operators to provide multigigabit speeds regardless of physical wiring or current infrastructure. This solution accelerates the deployment of new broadband services while ensuring smooth network evolution. Harmonic's cOS fiber solutions also align with BEAD funding and BABA requirements, supporting the expansion of high-speed broadband to rural communities.

Harmonic's cOS platform currently serves over 30 million homes worldwide for leading operators across multiple continents. The company will demonstrate its unified DOCSIS 4.0 and fiber broadband innovations at SCTE TechExpo24, booth 803.