Welcome to our dedicated page for Harmonic news (Ticker: HLIT), a resource for investors and traders seeking the latest updates and insights on Harmonic stock.
Harmonic Inc (NASDAQ: HLIT) is a global leader in video delivery technology and services, enabling media companies and service providers to offer high-quality broadcast and OTT video services worldwide. The company has also pioneered cable access networking with the industry’s first virtualized CCAP solution, allowing cable operators to deploy gigabit internet services to homes and mobile devices more flexibly.
Harmonic operates in two primary segments: Video and Broadband. The Video segment provides video processing, production, and playout solutions to a range of clients including cable operators, satellite providers, and telecommunications companies. The Broadband segment focuses on broadband access solutions and related services, with most of the company's revenue coming from the United States.
Recent achievements include showcasing AI-powered innovations at the 2024 NAB Show, emphasizing live sports streaming, targeted advertising, and broadcast distribution. Harmonic's VOS®360 portfolio, XOS media processor, and Spectrum™ X media server are leading the charge in enabling broadcasters and service providers to unlock new monetization opportunities and improve streaming experiences.
In corporate developments, Patrick Harshman announced his retirement as CEO effective June 2024, with Nimrod Ben-Natan set to succeed him. Ben-Natan has been instrumental in the development and deployment of the Company’s virtualized broadband technology. Harmonic's strategic direction includes a focus on profitable growth for its Video business and innovative advancements in broadband services, as demonstrated by its new Beacon intelligent speed maximizer application.
Harmonic continues to drive innovation in broadband and video delivery solutions, featuring its market-leading cOS™ platform, which supports over 28 million homes globally. The company aims to enhance user experience and optimize monetization strategies for live and on-demand content on every screen.
Harmonic Inc. (NASDAQ: HLIT) will release its third quarter 2022 financial results on October 31, 2022, after market close. A live webcast to discuss the results will take place at 2:00 p.m. PT on the same day. Investors can participate by registering in advance through an online link. A replay of the event will be made available after 5:00 p.m. PT. Harmonic is a leader in virtualized cable access and video delivery solutions, helping media companies deliver high-quality video streaming globally.
Harmonic (NASDAQ: HLIT) has announced a new fiber solution for cable operators, in collaboration with Hitron Technologies. This offering integrates Harmonic's CableOS FTTx solution with Hitron's optical network units (ONUs) to deliver 10G symmetrical services. The solution aims to enhance speed and energy efficiency while allowing operators flexibility with technology choices. The CableOS Platform is designed to support various access technologies, promoting faster adaptation to network demands. Nelson Cable has successfully deployed this solution in Virginia, marking a significant step toward advancing broadband capabilities.
Harmonic (NASDAQ: HLIT) launched the Pebble-2, an advanced distributed access architecture device, enhancing flexibility and efficiency for broadband services. Supporting Remote PHY, R-MACPHY, and DOCSIS 4.0 deployments, it sets new benchmarks for power and cooling efficiency. Pebble-2 is uniquely compatible with the Jetty fiber switch for converged services, allowing operators to extend the lifespan of existing nodes. The device will start shipping in Q4 2022 and will be showcased at the SCTE Cable-Tec Expo from September 20-22 in Philadelphia.
Harmonic, a leader in virtualized broadband solutions, announced that Andrii Vladyka, its technical product manager, will receive the prestigious 2022 SCTE Wilt J. Hildenbrand Jr. Award for his significant contributions to the cable industry. This recognition highlights Vladyka's role in operationalizing Network Function Virtualization and his innovations in vCMTS, vOLT, and vCPE. He will be honored at the SCTE Awards Luncheon on September 21, 2022. With over 10 years of telecom experience, Vladyka has been key in enhancing Harmonic's CableOS Cloud-Native Core Platform.
Harmonic (NASDAQ: HLIT) has announced its participation in the SCTE Cable-Tec Expo 2022, showcasing innovations in broadband technology aimed at transitioning to a 10G infrastructure. The company's Cloud-Native CableOS Platform will demonstrate capabilities for supporting DOCSIS 4.0 and fiber networks, enhancing capacity and sustainability for operators. A new Remote PHY device will be introduced to boost broadband capacity. With over 100,000 R-PHY devices deployed globally, Harmonic is positioned as a leader in virtual cable access solutions.
Harmonic (NASDAQ: HLIT) has partnered with DIRECTV GO to stream over 100 linear channels using Harmonic's VOS360 cloud SaaS platform. This collaboration aims to enhance scalability and introduce new capabilities for the streaming service, capitalizing on the rapid growth in Latin America's streaming market. The VOS360 platform offers improved agility, scalability, and security, while Harmonic’s EyeQ AI encoding technology enhances streaming quality. The company will showcase its innovations at IBC2022.
Harmonic (NASDAQ: HLIT) has launched a new Single Illumination System (SIS) aimed at enhancing cost efficiency for digital terrestrial television (DTT) and direct-to-home (DTH) broadcasters. This solution, based on the DVB-SIS standard, reportedly cuts multiplex distribution costs by approximately 50% compared to traditional methods, while improving regional channel delivery. The SIS is available as a software license for existing video processors, requiring minimal setup changes. Harmonic will showcase this innovation at IBC2022, with meetings available for interested parties.
Viaccess-Orca and Harmonic have announced a strategic partnership to enhance content protection for live sports streaming by integrating VO's dynamic watermarking technology with Harmonic's VOS360 cloud SaaS platform. This collaboration aims to empower content owners to swiftly identify piracy sources and mitigate content restreaming. The technology allows for real-time detection, enabling operators to pinpoint piracy within minutes. The integration will be showcased at IBC2022 from Sept. 9-12.
Harmonic (NASDAQ: HLIT) will host a Virtual Analyst Day on September 15, 2022, at 9:30 AM PT to discuss its Video and Cable Access business segments. The event will include presentations from the executive team, highlighting strategic visions, growth drivers, and investment initiatives, followed by a Q&A session. A live video webcast will be available on the company's website, with an archived version accessible for 90 days post-event.
Harmonic (NASDAQ: HLIT) announced its VOS®360 SaaS platform is now available on Google Cloud, enhancing offerings for media and entertainment businesses. This partnership promises improved agility, resiliency, security, and scalability, essential for delivering superior video streaming experiences. The VOS360 platform simplifies media processing and supports the creation and delivery of content, enabling operators to effectively manage content with real-time control. The announcement was made on August 30, 2022, and Harmonic will showcase its innovations at IBC2022.