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Harmonic Inc - HLIT STOCK NEWS

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.

News

Harmonic Unveils Major Operational and Performance Enhancements for VOS Media Software

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Harmonic's cloud-native VOS Media Software offers up to 40% improved origin performance for video streaming, providing substantial cost savings for telco and cable operators. It also offers seamless integration with off-the-shelf storage solutions and comprehensive broadcast features. The software simplifies media processing and delivery for premium video streaming and broadcast services, providing agility, resiliency, security, and scalability.
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Harmonic Enables Best-of-Breed Ad Tech with Google and Equativ

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Harmonic expands targeted advertising ecosystem through partnerships with Google Ad Manager and Equativ, enhancing video streaming monetization. Integration with Google Ad Manager allows for scalable access to monetization suite, resulting in higher quality advertising and viewing experience.
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ViewLift Streams Motorsport Event at Scale with Harmonic

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Harmonic's VOS360 Media SaaS platform is being used by digital content distribution platform ViewLift for streaming video. The platform offers scalability, low latency, and targeted ad delivery, ensuring an outstanding viewing experience. ViewLift recently utilized VOS360 SaaS to stream the MotoAmerica Superbikes event with exceptional video quality. Harmonic's VOS360 Media SaaS simplifies media processing and delivery for live sports streaming, providing full control over the streaming workflow and enabling greater operational efficiency.
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Harmonic's Streaming and Broadcast Leadership on Full Display at IBC2023

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Harmonic (NASDAQ: HLIT) Elevates Video Streaming with State-of-the-Art Monetization and AI Capabilities at IBC2023
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WRC Promoter Expands Live Sports Streaming Service with Harmonic

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Harmonic's VOS360 Media SaaS has been deployed by WRC Promoter GmbH for playout and streaming of live sports events. The VOS360 SaaS offers reliability, scalability, and security, enabling WRC Promoter to provide fans with an outstanding viewing experience. With the VOS360 SaaS, WRC Promoter successfully launched Rally.TV and consolidated multiple apps into a single platform. The solution is deployed in a geo-redundant configuration, assuring high service availability. Harmonic will showcase its streaming and broadcast delivery innovations at IBC2023.
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Harmonic Showcases Broad 10G Fiber Portfolio at Fiber Connect 2023

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Harmonic (NASDAQ: HLIT) showcases its virtualized broadband platform and 10G Fiber-to-the-Home solutions at Fiber Connect 2023, aiming to equip broadband providers with versatile, best-in-breed connectivity to drive growth. The company will demonstrate its latest innovations at the event, highlighting its industry-leading nodes and Remote OLT shelves for rapid deployment of ultra-high-speed internet services.
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Harmonic Announces Second Quarter 2023 Results

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Harmonic Inc. announced its unaudited results for Q2 2023, with revenue of $156.0 million, down 1% YoY. Broadband segment revenue increased by 20% YoY, while Video segment revenue decreased to $58.9 million. Gross margin improved to 54.5% (GAAP) and 54.7% (non-GAAP). Operating income was $10.0 million (GAAP) and $18.2 million (non-GAAP). Net income was $1.6 million (GAAP) and $14.0 million (non-GAAP). Cash decreased to $71.0 million, down $50.8 million YoY.
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Harmonic Announces Reporting Date for Second Quarter 2023 Results

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Claro Perú to Bring 10G FTTH Offering to Market with Harmonic

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Harmonic (NASDAQ: HLIT): Claro Perú, a telecommunications service provider of the América Móvil group, is extending Harmonic's industry-leading CableOS Broadband Platform for fiber-to-the-home (FTTH) to deliver next-gen broadband and 10G speeds. This new offering aims to provide faster, more reliable broadband experiences for customers, while reducing space, power, and cooling costs for Claro Perú.
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Harmonic and DigiCAP Optimize ATSC 3.0 Delivery

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Harmonic and DigiCAP have announced a new solution for broadcasters that improves video quality and bandwidth efficiency for NEXTGEN TV. The joint solution combines Harmonic's XOS media processor with DigiCAP's DigiCaster ATSC 3.0 headend, allowing broadcasters to dynamically fine-tune statmux bit rate allocations based on available bandwidth. This will enhance the delivery of ATSC 3.0 services and improve the viewing experience.
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FAQ

What is the current stock price of Harmonic (HLIT)?

The current stock price of Harmonic (HLIT) is $11.92 as of November 15, 2024.

What is the market cap of Harmonic (HLIT)?

The market cap of Harmonic (HLIT) is approximately 1.4B.

What does Harmonic Inc do?

Harmonic Inc provides video delivery technology and services, enabling media companies and service providers to offer high-quality broadcast and OTT video services globally. The company also specializes in cable access networking solutions.

What are Harmonic Inc's primary business segments?

Harmonic Inc operates in two primary segments: Video, which offers video processing, production, and playout solutions, and Broadband, which focuses on broadband access solutions and related services.

What recent achievements has Harmonic Inc announced?

Harmonic Inc recently showcased AI-powered innovations for live sports streaming, targeted advertising, and broadcast distribution at the 2024 NAB Show.

Who is the new CEO of Harmonic Inc?

Nimrod Ben-Natan will succeed Patrick Harshman as CEO of Harmonic Inc, effective June 2024.

What is the VOS®360 portfolio?

The VOS®360 portfolio is a suite of solutions by Harmonic Inc that includes AI-powered tools for video service providers and broadcasters to enhance monetization and streaming experiences.

What is Harmonic Inc's Beacon intelligent speed maximizer?

The Beacon ISM is an advanced application on Harmonic's cOS™ platform that maximizes upstream and downstream speeds, enhancing network reliability and subscriber experience.

How does Harmonic Inc contribute to broadband networking?

Harmonic Inc revolutionized broadband networking with the industry’s first virtualized broadband solution, enabling flexible deployment of gigabit internet services to homes and mobile devices.

What is the focus of Harmonic Inc's Video business strategy?

Harmonic Inc's Video business strategy aims at driving profitable growth by focusing on scalable market opportunities, streamlining operations, and optimizing cost structures.

How many homes does Harmonic Inc's cOS™ platform support?

Harmonic Inc's cOS™ platform powers next-gen broadband services to over 28 million homes globally.

Where can I find more information about Harmonic Inc?

More information about Harmonic Inc and its solutions is available at www.harmonicinc.com.

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Harmonic Inc

Nasdaq:HLIT

HLIT Rankings

#2257 Ranked by Market Cap
N/A Ranked by Dividends

HLIT Stock Data

1.41B
116.53M
2.31%
95.92%
3.15%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
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United States of America
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