Harmonic Inc - HLIT STOCK NEWS

Harmonic (NASDAQ: HLIT) announced its participation in the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 1:15 p.m. PT. The company's Chief Financial Officer, Sanjay Kalra, and Senior Vice President of Business Development, Jeremy Rosenberg, will engage in a fireside chat. Investors can access a live video webcast on Harmonic's website, with an archived version available for 90 days post-event. Harmonic is recognized for its innovations in video delivery and virtualized cable access, enhancing streaming and internet services for media companies globally.

Harmonic (NASDAQ: HLIT) has partnered with Rogers Communications to enhance its multi-gigabit broadband services using Harmonic's CableOS® cloud-native platform. This collaboration supports the deployment of a virtualized access platform compatible with DOCSIS 4.0 technology, improving connectivity and reducing operational costs for Rogers. The CableOS Platform currently powers over 3 million cable modems for major operators worldwide, showcasing Harmonic's strong market presence. This partnership is expected to deliver faster internet speeds and higher reliability for Rogers' customers.

Harmonic (NASDAQ: HLIT) has announced the successful completion of technology upgrades for SES's Phase 1 C-band spectrum transition within just nine months. Utilizing Harmonic's XOS Edge software, the project exceeded FCC deadlines, demonstrating collaboration among involved companies. The integration of NAGRA's encryption with XOS Edge enhances video service delivery. This upgrade not only supports Comcast Technology Services but also positions Harmonic for new opportunities in edge distribution strategies, contributing to the industry's path toward 5G.

Harmonic (NASDAQ: HLIT) has announced participation at two key investor conferences on December 7, 2021. CEO Patrick J. Harshman will engage in a fireside chat at the Raymond James Technology Investors Conference at 1:00 PM PT, while Sanjay Kalra and Jeremy Rosenberg will participate at the Barclays Global Technology, Media and Telecommunications Conference at 11:25 AM PT. Live audio webcasts will be available on Harmonic's website, with archived webcasts accessible for 30 days.

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.