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) reported Q3 2021 results with revenues of $126.3 million, representing a 33% year-over-year increase. The cable access segment saw a 43% revenue increase to $57.6 million, while the video segment rose by 26% to $68.7 million. Net income reached $1.5 million with earnings per share of $0.01, up from a loss of $5.4 million in the previous year. The company's cash position improved to $128.4 million. Harmonic anticipates continued growth with strong market momentum and a robust backlog.
Harmonic (NASDAQ: HLIT) has partnered with Claro Colombia to launch the Claro Box TV streaming service, marking a significant advancement in the Colombian telecommunications market. This service utilizes Harmonic's VOS Cloud-Native Software, enhancing business agility and subscriber experience. The Claro Box TV offers traditional channels, cloud DVR, and access to over 300 apps. The deployment includes Harmonic's Electra X live video processor and EyeQ AI-based encoding technology, ensuring better streaming performance at reduced costs. This move positions Claro Colombia as a leader in Latin America's streaming service industry.
Harmonic Inc. (NASDAQ: HLIT) will release its third quarter 2021 financial results on November 1, 2021, after market close. A live webcast discussing the results will take place at 2:00 p.m. PT on the same day. Investors can access the webcast on the Harmonic Investor Relations website, with audio available via phone at +1.800.240.9147 or +1.574.990.1032 (conference ID 7917716). A replay will be accessible after 5:00 p.m. PT. More company information can be found at harmonicinc.com.
Harmonic (NASDAQ: HLIT) announced the launch of its new Jetty 60G-capable remote switch, enhancing fiber-to-the-home (FTTH) capabilities. This innovation aims to improve broadband deployment, particularly in rural areas, while promoting economic growth. Jetty allows operators to deploy high-bandwidth services with greater efficiency and lower costs by utilizing existing infrastructure. The switch can house two Jetty units inside modular nodes, supporting up to six 10Gbps ports each. Harmonic's solutions currently power over 3 million cable modems for nearly 60 operators globally.
Harmonic (NASDAQ: HLIT) has integrated Google Cloud Marketplace into its CableOS® Cloud-Native Core Platform, enabling operators to access applications for deploying new revenue-generating services. This integration enhances the speed, efficiency, and cost-effectiveness of launching broadband offerings. With over 3 million cable modems powered across 60 operators globally, the CableOS Platform supports various infrastructure applications. This partnership with Google Cloud aims to boost service revenues and streamline resource management for cable operators.
Harmonic (NASDAQ: HLIT) introduced a new Flexible MAC Architecture (FMA) for its CableOS Cloud-Native Core Platform at the SCTE Cable-Tec Expo 2021. This innovation allows cable operators to deploy advanced DOCSIS MAC on various hardware platforms, enhancing flexibility in delivering multi-gigabit broadband. The FMA solution supports next-gen Remote PHY, Remote MAC-PHY, and PON devices, streamlining network operations and improving service quality. Harmonic's approach aims to address the growing demand for ultra-fast broadband while promoting sustainable deployment.
Harmonic (NASDAQ: HLIT) has deployed its CableOS® Cloud-Native Core Platform with SAFnet, a Danish broadband operator, to enhance 10G-capable fiber-to-the-home services. The solution integrates multi-access, virtualized edge cloud, and PON capabilities, lowering operational costs and promoting sustainability. SAFnet's new infrastructure supports high-bandwidth applications, ensuring network efficiency and future readiness for 10G speeds. Harmonic's analytics offer real-time visibility for improved service quality. The company will exhibit its solutions at the SCTE Cable-Tec Expo 2021 from Oct. 11-14.
Harmonic (NASDAQ: HLIT) will showcase its broadband innovations at the SCTE Cable-Tec Expo 2021 virtual event, highlighting its CableOS® Cloud-Native Core Platform. This platform enhances operators' agility and supports next-gen technologies like DOCSIS 4.0 and 10G PON. Key announcements include the Cloud-Native solutions for Flexible MAC, new PON offerings, and AI-based analytics. The event will also feature expert discussions on topics such as IPTV maturation and network latency on October 12-13. Harmonic aims to provide superior broadband experiences for subscribers.
Harmonic has partnered with Taiwan-based ICCDS to implement its CableOS Cloud-Native Core Platform, paving the way for 10G broadband services. This integration aims to enhance operational efficiency by merging fiber-to-the-home (FTTH) and HFC DOCSIS 3.1 networks, catering to the rising demand for high-bandwidth applications. The deployment, featuring a distributed access architecture and cloud management, promises rapid service rollout and improved customer experience. Harmonic currently powers over 3 million cable modems globally, underscoring its leadership in the broadband solutions market.
Harmonic (NASDAQ: HLIT) will host the ACHIEVE 2021 online summit on Sept. 29-30, focusing on innovations in video streaming. The event aims to share insights on cloud streaming, monetization, and distribution strategies with media companies and industry leaders. Key sessions will feature case studies from Bally Sports, Schurz Communications, and more, addressing topics like personalization and targeted advertising. For agenda details and registration, visit the official page.
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