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) is set to release its second quarter 2021 financial results after market close on August 2, 2021. A live webcast will be held at 2:00 p.m. PT to discuss the results, available on the Harmonic Investor Relations website. An audio version will be accessible via phone, and a replay can be obtained post 5:00 p.m. PT on the same platform. Harmonic specializes in virtualized cable access and video delivery solutions, enhancing the capabilities of media companies and service providers globally.
Harmonic (NASDAQ: HLIT) announced a significant advancement in live content delivery by implementing public cloud support for Dolby Vision HDR. This integration into its VOS cloud streaming platform and XOS software aims to enhance UHD HDR live production, reducing costs for broadcasters while ensuring high-quality streaming experiences. The adoption of Dolby Vision allows operators to meet diverse HDR delivery requirements and accelerates time-to-market for UHD HDR services. This move is a major step forward in delivering superior video quality to consumers.
Harmonic (NASDAQ: HLIT) announced that Claro Perú will use its CableOS Cloud-Native Core Platform for next-gen broadband services. This partnership allows Claro to deliver multi-gigabit broadband efficiently, enhancing subscriber experience while reducing power consumption and operational costs. The deployment includes innovative DAA architecture and R-PHY node segmentation, enabling rapid capacity expansion. Harmonic's analytics tools will provide real-time visibility, ensuring robust service quality. This collaboration positions Claro for future broadband needs as demand for high-speed internet continues to surge.
Harmonic (NASDAQ: HLIT) announced that Mola TV is utilizing its VOS360 cloud streaming SaaS for the first-ever live UHD HDR streaming of UEFA Euro 2020 in Indonesia. This service enhances Mola TV's streaming workflow, ensuring high reliability and real-time scaling. Mola TV emphasizes the significance of UHD HDR for high-profile sports events, which could enhance audience engagement. Harmonic's EyeQ AI-based encoding technology improves streaming quality, backed by a dedicated support team, ensuring optimal performance during live sports broadcasts.
Harmonic (NASDAQ: HLIT) announced that Telefonica Spain has adopted its VOS360 cloud streaming platform for disaster recovery of the Movistar+ service. This deployment allows for reliable infrastructure replication in the cloud, optimizing resources and enabling instant scaling of live channels. Using a pay-per-use model, Telefonica can flexibly manage costs according to demand. The VOS360 platform ensures service continuity and rapid activation, enhancing overall reliability and flexibility for streaming services.
Harmonic (NASDAQ: HLIT) announced its participation in key upcoming events, showcasing advanced broadband technologies. Company executives will discuss innovative topics such as FTTH PON, 10G, and cloud streaming. Highlights include panel discussions at ANGA COM on June 8 and 10, and a SCTE webinar on June 17. Harmonic emphasizes its leadership in virtualized cable access, aiming to enhance network efficiency and meet growing bandwidth demands. The company aims to transform broadband connectivity through its multi-access, cloud-native platform.
Harmonic (NASDAQ: HLIT) announced two upcoming Virtual Investor Events focusing on its Video and Cable Access segments. The Video segment event is scheduled for June 7, 2021, while the Cable Access event will follow on June 14, 2021. Both sessions will be hosted by senior executives and include discussions on strategic visions, investment initiatives, and long-term financial models. Participants can access live webcasts and presentations through Harmonic's investor relations website, with archived content available for 90 days post-event.
Harmonic (NASDAQ: HLIT) will participate in upcoming virtual investor conferences. The fireside chat features Sanjay Kalra and Jeremy Rosenberg on May 20, 2021, at 11:15 AM PT. Additionally, they will engage at the J.P. Morgan Conference on May 25, 2021, at 12:40 PM PT, and the Stifel Conference on June 8, 2021, at 11:00 AM PT. Live webcasts will be accessible on Harmonic's investor relations site, with archived versions available for 90 days.
Harmonic Inc. (NASDAQ: HLIT) reported exceptional Q1 2021 results with revenues of $111.6 million, up 42.3% year-over-year, and a net loss of $6.1 million. Both the Cable Access segment (up 72%) and Video segment (up 29%) showcased strong growth. Gross margins improved to 49.4% (GAAP). The company ended the quarter with a substantial backlog of $274.3 million and a cash position of $100.8 million, reflecting a $29.1 million increase from last year. Positive momentum is expected to continue, supported by strong bookings and technology advancements in their services.
FAQ
What is the current stock price of Harmonic (HLIT)?
What is the market cap of Harmonic (HLIT)?
What does Harmonic Inc do?
What are Harmonic Inc's primary business segments?
What recent achievements has Harmonic Inc announced?
Who is the new CEO of Harmonic Inc?
What is the VOS®360 portfolio?
What is Harmonic Inc's Beacon intelligent speed maximizer?
How does Harmonic Inc contribute to broadband networking?
What is the focus of Harmonic Inc's Video business strategy?
How many homes does Harmonic Inc's cOS™ platform support?
Where can I find more information about Harmonic Inc?
