Harmonic Inc - HLIT STOCK NEWS

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.

Harmonic (NASDAQ: HLIT) has partnered with Parasat Cable TV in the Philippines to enhance its broadband operations using Harmonic's CableOS Cloud-Native Core Platform. This modernization enables Parasat to expand broadband capacity and deliver high-speed internet to its customers efficiently. Replacing a legacy Huawei solution, Parasat's new setup improves bandwidth management and reduces operational costs. The deployment was completed in under four weeks, demonstrating Harmonic's ability to adapt to the fast-growing demand for advanced internet services in the Asia-Pacific region.

Harmonic (NASDAQ: HLIT) will participate in several upcoming virtual conferences. Patrick J. Harshman, President and CEO, is scheduled for a fireside chat on September 14, 2021, at 2:30 PM PT during the Jefferies Virtual Software Conference. Additionally, CFO Sanjay Kalra and SVP Jeremy Rosenberg will attend the Jefferies Semiconductor Summit on September 1 and the Colliers Institutional Investor Conference on September 9. A live audio webcast of the chat will be available on the company's website, with an archived version accessible for 30 days.

Harmonic (NASDAQ: HLIT) and Jackson Energy Authority have launched a managed headend management and video streaming solution called E+ Premier. This solution, powered by Harmonic's VOS360 cloud platform, enables efficient processing and delivery of video signals, streamlining operations for cable and broadband providers. E+ Premier allows operators to reduce infrastructure costs, consolidate existing services, and quickly launch new streaming offerings. The collaboration aims to enhance subscriber experience while providing additional revenue opportunities for operators.

Harmonic (NASDAQ: HLIT) announced the appointment of Dan Whalen to its board of directors as of August 5, 2021. Currently the President and CEO of ATX Networks, Whalen brings extensive experience in the broadband and video sectors. Previously, he held key roles at ADTRAN and Arris International. CEO Patrick Harshman expressed optimism about Whalen's contributions to Harmonic's growth in cable access and video markets. Whalen aims to support the company’s objectives of growth and profitability as it strengthens its position in the virtualized CMTS market.

Harmonic reported strong Q2 2021 results with revenue reaching $113.4 million, a 53% increase year-over-year. The Cable Access segment saw revenue growth of 89% to $50.1 million, while the Video segment increased by 34% to $63.3 million. Gross margin improved to 53.3% (GAAP), and adjusted EBITDA was $9.5 million. A book-to-bill ratio of 1.6 indicates strong demand, with a record backlog of $347.2 million. Despite a net GAAP loss of $2.0 million, the outlook remains positive.