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 (NASDAQ: HLIT) has launched an upgrade kit for Cisco's GS7000 node, transforming it into a distributed access architecture (DAA) node compatible with next-gen broadband solutions. The Pebble DAA device features a compact design that reduces operational costs and supports multiple access architectures, enhancing business agility for operators. This upgrade allows for quick field implementation without replacing the node. Additionally, the kit aims to facilitate a transition from legacy systems to modern solutions, fulfilling increased broadband demands globally.
Harmonic (NASDAQ: HLIT) announced that Patrick Harshman, CEO, will participate in a fireside chat at the Jefferies Software Conference on June 2, 2022, at 8:30 a.m. PT in San Francisco. A live video webcast will be available on Harmonic's investor relations website, with an archived version accessible for 90 days post-event. Harmonic is a leader in virtualized cable access and video delivery solutions, focusing on ultra-high-quality video streaming and gigabit internet services.
Harmonic (NASDAQ: HLIT) announced that TV5MONDE, a top French-language entertainment network, is utilizing its VOS360 cloud SaaS platform to stream content globally. This partnership allows TV5MONDE to enhance its reach, delivering channels in 14 languages with high subtitling interoperability, catering to a vast audience.
TV5MONDE operates in 198 countries, reaching 403 million households. The VOS360 platform supports various geographic content distribution, enabling TV5MONDE to maintain a strong presence in the global market.
Harmonic (NASDAQ: HLIT) announced participation in the 17th Annual Needham Technology & Media Conference on May 16, 2022. CEO Patrick Harshman and SVP Jeremy Rosenberg will engage in a fireside chat at 12:45 p.m. PT (3:45 p.m. ET). A live video webcast will be available on Harmonic's website, with an archived version accessible for 90 days. The company is recognized for its innovations in virtualized cable access and video delivery solutions, enabling high-quality streaming and broadcast services globally.
Harmonic (NASDAQ: HLIT) recently showcased its CableOS Cloud-Native Core Platform at the CableLabs 10G Showcase, emphasizing DOCSIS 4.0 technology as vital for next-gen broadband. The demonstration highlighted impressive capabilities, achieving downstream speeds of 8.5 Gbps and upstream speeds of 5 Gbps. Harmonic's solutions enable operators to sustainably deliver multi-gigabit internet services and optimize operations by integrating PON and HFC DOCSIS networks. The company powers 6.1 million cable modems worldwide, serving major operators across North America, Europe, Latin America, and Asia.
Harmonic Inc. (NASDAQ: HLIT) reported strong Q1 2022 results, with revenue up 32% year over year to $147.4 million. The Cable Access segment was particularly robust, achieving 98% growth at $81.6 million. Despite this, the Video segment revenue declined by 6% to $65.8 million. The company also noted a record backlog and deferred revenue, increasing 81% year over year. The GAAP net loss was $1.5 million, while non-GAAP net income reached $8.9 million. Harmonic expects continued momentum in Q2 2022, projecting total revenue between $144 million and $154 million.
Harmonic (NASDAQ: HLIT) has integrated HDR10+ support into its VOS®360 cloud streaming platform and XOS software, enhancing video quality with dynamic image features. The integration allows for optimized color contrast and detail in HDR video, helping viewers experience images closer to directors' original intentions. Currently, a trial with Evoca, a pay-TV service, is assessing HDR10+ for improved video delivery. The company will showcase its advancements at the NAB Show in Las Vegas from April 24-27, 2022.
Harmonic Inc. (NASDAQ: HLIT) will release its Q1 2022 financial results after the market close on May 2, 2022. A live webcast to discuss the results is scheduled for 2:00 p.m. PT on the same day, available through the company's Investor Relations website. An audio version can be accessed via phone. A replay will be available post-event. Harmonic, a leader in virtualized cable access and video delivery solutions, focuses on enabling high-quality streaming and broadcast services.
Harmonic (NASDAQ: HLIT) announced that CTV Beam, a cable operator in Alabama, has adopted its CableOS® FTTx solution to enhance broadband services. This platform integrates FTTH PON and HFC DOCSIS networks, providing a scalable and flexible solution for increasing bandwidth demands. CTV Beam aims to meet the growing need for high-speed internet as more residents engage in remote activities. The CableOS platform supports over 4.8 million cable modems globally, reinforcing Harmonic's leading position in virtualized cable access solutions.
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