Harmonic Inc - HLIT STOCK NEWS

Harmonic (NASDAQ: HLIT) announced that Seaside Communications, based in Nova Scotia, is enhancing its broadband services by adopting Harmonic's CableOS Platform. This virtualized access technology addresses increased internet demand due to remote work and learning, alleviating network congestion. The deployment includes both new Ripple R-PHY nodes and existing HFC outdoor nodes, allowing for rapid scalability and cost efficiency. Harmonic's technology aims to improve customer experience and reduce operational costs, positioning Seaside Communications for future growth in broadband capabilities.

Harmonic Inc. (NASDAQ: HLIT) reported Q4 2020 revenues of $131.5 million, a 7.7% year-over-year increase. The Cable Access segment generated $45.5 million (+5.8%), while the Video segment reached $86.0 million (+8.7%). Gross margin improved to 54.4% GAAP and 55.3% non-GAAP, up from 50.5% and 52.3% respectively, year-over-year. Net income rose to $13.5 million GAAP ($0.13 EPS) and $20.0 million non-GAAP ($0.20 EPS). Record bookings of $206.4 million and a backlog of $290.5 million indicate strong momentum entering 2021.

Harmonic (NASDAQ: HLIT) will release its fourth quarter and full year 2020 financial results on February 1, 2021, after market close. A live webcast discussion will be held at 2:00 p.m. PT the same day. Investors can access the event via the Harmonic Investor Relations website. A replay of the webcast will be available after 5:00 p.m. PT. Harmonic is a leader in virtualized cable access and video delivery solutions, enhancing streaming and broadcast services globally.

Harmonic (NASDAQ: HLIT) has announced that its President and CEO, Patrick J. Harshman, will engage in a fireside chat at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 7:00 a.m. PT / 10:00 a.m. ET. A live video webcast of this event will be accessible on Harmonic's investor relations website, and an archived version will be available for 90 days post-event. Harmonic leads in virtualized cable access and video delivery solutions, offering high-quality streaming services globally.

Harmonic (NASDAQ: HLIT) announced that TWT Digital Communication, a major Taiwanese cable operator, has deployed its CableOS® Platform to enhance broadband services for over 500,000 homes. The solution supports high-speed DOCSIS 3.1 services and positions TWT for future advancements such as 5G and fiber-to-the-home. The deployment, which included quickly setting up virtualized CMTS software, optimizes network capacity and lowers operational costs. Harmonic's CableOS Central monitoring service ensures high-quality subscriber experiences. This initiative enhances TWT's broadband network and service quality.

Harmonic (NASDAQ: HLIT) announced its partnership with Edge Networks for the launch of the innovative Evoca television service, which aims to serve underserved areas in the U.S. The service integrates over-the-air ATSC 3.0 broadcasts with video streaming, delivering over 80 channels to subscribers. Harmonic's advanced technology, including the VOS®360 Live Streaming Platform and Electra® X live video processor, ensures high-quality video and efficient bandwidth usage. Evoca plans to expand its reach to millions of U.S. households in the coming years.

Harmonic (NASDAQ: HLIT) announced that Access Communications has deployed its CableOS® Platform to enhance broadband services in Saskatchewan. This move aims to reduce operational expenses and improve the user experience through advanced virtualized access technologies. The deployment, which includes DAA architecture and third-party nodes, enables significant capacity improvements while consuming less power. Harmonic's CableOS Platform currently supports over 2 million cable modems and enhances network capacity effectively, making internet services more affordable and reliable.

Harmonic (NASDAQ: HLIT) announced that Medianet, the leading independent pay TV provider in the Maldives, implemented its EyeQ™ content-aware encoding (CAE) technology. This solution significantly optimizes video streaming quality while reducing CDN costs by up to 50%. MediaNet's CEO highlighted the technology's impact on lowering content delivery costs without sacrificing viewer experience. EyeQ CAE is fully standards-compliant, ensuring future-proof video delivery. Harmonic aims to enhance operational efficiency and cost savings for service providers globally.