Harmonic

Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Cable Access segment offers solutions to cable operators. The company was founded in June 1988 and is headquartered in San Jose, CA.

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Harmonic achieves record revenue in Q4 2022, poised for growth

Harmonic's Q4 2022 performance showcased record revenue and strong financial metrics, with a positive outlook for growth in 2023. Despite facing challenges in meeting growth targets and addressing analyst inquiries, the company's strategic focus on key segments and technologies presents promising opportunities for the future.

Harmonic posts robust Q1 results, eyes growth amid challenges

Harmonic's Q1 2023 performance reflects strong revenue and margin growth in Broadband and Video segments.
While facing challenges in revenue recognition timing and market share competition, Harmonic is well-positioned for growth.
Opportunities lie in partnerships, segment revenue expectations, and confidence in achieving financial targets.

Harmonic reports solid Q2 results, eyes growth in software and new markets

Harmonic's Q2 2023 performance showcased solid revenue and growth in Broadband and Video SaaS segments.
While facing challenges like soft hardware deliveries and increased expenses, the company remains optimistic about future prospects.
Strengths in software differentiation, customer relationships, and improved lead times position Harmonic for future success.
Opportunities lie in rebounding hardware deliveries, new Tier 1 wins, and DOCSIS 4.0 deployments for future growth.
Overall, Harmonic's focus on market drivers and execution underscores confidence in its long-term strategy.

Harmonic reports Q3 revenue growth in Video SaaS segment

Harmonic's Q3 performance reflected mixed results with revenue growth in Video SaaS but decline in broadband segment.
The company's strengths lie in technological advancements, revenue growth in Video SaaS, and optimism for sustained growth.
Challenges include revenue decline in broadband, book-to-bill ratio below one, and managing margin expectations.
Opportunities exist in strategic reviews, CableOS integration, customer diversification, and value creation for shareholders.

Harmonic achieves record revenue in Q4 2023, eyes growth opportunities

Harmonic's Q4 2023 earnings call highlighted solid performance, revenue growth, and strategic initiatives. While facing challenges related to inventory adjustments and margin impacts, the company's strengths in revenue diversification and deployment expertise position them for future growth opportunities.

Harmonic reports solid Q1 results, eyes growth in broadband market

Harmonic's Q1 performance reflects resilience with strong revenue, backlog, and growth initiatives despite challenges.
The company's strengths in market leadership, supply chain readiness, and strategic focus position it well for future opportunities.
Navigating challenges through urgency in network upgrades, customer transitions, and market dynamics will be key to sustained growth.

Harmonic exceeds Q2 revenue targets, eyes growth amid market challenges

Harmonic's Q2 2024 earnings call showcased robust financial performance, exceeding expectations and demonstrating growth across key segments.
While facing challenges in competitive markets and industry dynamics, the company's strengths in customer base expansion and product innovation position it well for future opportunities.
By addressing challenges, leveraging strengths, and capitalizing on growth opportunities, Harmonic aims to sustain its financial performance and market position in the coming quarters.

Harmonic achieves record Q3 results, eyes growth through innovation

Harmonic delivered exceptional Q3 results with record revenue and EBITDA, driven by strong performance in Broadband and Video segments.
While facing challenges in bookings and liquidity, the company's focus on innovation, social responsibility, and profitability positions it well for future growth.
Opportunities lie in leveraging technology advancements, expanding market reach, and strategic investments to sustain momentum and capitalize on emerging trends.

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Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Broadband segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Broadband segment offers solutions to cable operators broadband access solutions and related services, including cOS software-based broadband access solution, to broadband operators globally. The company was founded in June 1988 and is headquartered in San Jose, CA.

Harmonic's Market-Leading Virtualized Broadband Platform Quickly Brings Fiber Internet Connectivity to Residents SAN JOSE, Calif. , Jan. 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that DOCOMO PACIFIC, a wholly owned subsidiary of NTT Japanese mobile operator NTT DOCOMO and the regional leader in innovation, telecommunications and entertainment in the Marianas has selected Harmonic's fiber access solutions to deliver 10G broadband services.

DOCOMO PACIFIC Deploys New 10G FTTP Service with Harmonic

The new credit facility augments Harmonic's (HLIT) liquidity and enables it to better focus on its multi-year growth plan.

Harmonic (HLIT) Augments Liquidity With New Credit Facility

SAN JOSE, Calif. , Dec. 21, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, N.A.

Harmonic Announces New $160 Million Credit Facility

SAN JOSE, Calif. , Nov. 21, 2023 /PRNewswire/ --­ Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, CFO of Harmonic, will participate in a fireside chat at the Raymond James 2023 TMT and Consumer Conference in New York on December 4 at 11:15 a.m.

Harmonic to Participate in Upcoming December 2023 Investor Conferences

SAN JOSE, Calif. , Nov. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, Chief Financial Officer of Harmonic, will participate in a fireside chat at the 17th Annual Needham Virtual Security, Networking, & Communications Conference on Tuesday, November 14, 2023 at 11:50 a.m.

Harmonic to Participate in the 17th Annual Needham Virtual Security, Networking, & Communications Conference

Harmonic's Market-Leading cOS Virtualized Broadband Platform Reduces Operational Costs while Forging Path to 10G Fiber SAN JOSE, Calif. , Nov. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Okinawa Cable Network Inc. (OCN) in Japan is using Harmonic's cOS™ broadband platform (previously known as CableOS®) to modernize its broadband network.

Okinawa Cable Network Inc. Transforms its Broadband Service with Harmonic

Harmonic Inc. (NASDAQ:HLIT ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants David Hanover - IR Patrick Harshman - President and CEO Walter Jankovic - CFO Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham and Company Steven Frankel - Rosenblatt George Notter - Jefferies Tim Savageaux - Northland Capital Markets Operator Welcome to the Third Quarter 2023 Harmonic Earnings Conference Call. My name is Carmen and I'll be your operator for today's call.

Harmonic Inc. (HLIT) Q3 2023 Earnings Call Transcript

Harmonic (HLIT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.13 per share a year ago.

Harmonic (HLIT) Reports Break-Even Earnings for Q3

Video SaaS revenue up 42% year over year SAN JOSE, Calif. , Oct. 30, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2023.

Harmonic Announces Third Quarter 2023 Results

New Pier OLT Shelf Converges XGS PON, GPON and Combo PON in a Compact, Temperature-Hardened Device SAN JOSE, Calif. , Oct. 23, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the launch of its new high-density Pier optical line terminal (OLT) shelf, a significant addition to Harmonic's virtualized cOS™ broadband platform and family of network edge devices.

Harmonic Brings Industry-Leading Density to 10G Fiber Networks with New OLT Shelf

Enhanced cOS Platform Includes Powerful Array of New Capabilities Spanning DOCSIS 3.1, DOCSIS 4.0 and 10G Fiber SAN JOSE, Calif. , Oct. 17, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that its virtualized cOS™ broadband platform, previously known as CableOS®, now offers a rich array of next-generation capabilities that further extend its unique market-leading position.

Harmonic Extends Lead in Virtualized Broadband

SAN JOSE, Calif. , Oct. 16, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its third quarter 2023 financial results after the market close on Monday, October 30, 2023.

Harmonic Announces Reporting Date for Third Quarter 2023 Results

Enhanced cOS Broadband Platform Hits Major Milestone Powering Multigigabit Symmetric Service Over a Live Production System SAN JOSE, Calif. , Oct. 16, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that its market-leading cOS™ broadband platform (formerly CableOS®) and hybrid network edge devices have achieved successful live production delivery of multigigabit symmetric speeds leveraging DOCSIS 4.0 and 10G PON technology.

Harmonic's cOS Platform Unifies DOCSIS 4.0 Options and 10G Fiber

Harmonic (HLIT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Harmonic (HLIT) Moves 7.9% Higher: Will This Strength Last?

Harmonic has experienced a stock price decline due to short term guidance cuts, but the long-term growth story and upside potential remain strong. Harmonic is a leader in video streaming and cable broadband solutions, with strong execution driving SaaS growth and new customer wins. The company's superior product offering, large market opportunity, growth reacceleration drivers, and attractive valuation make it a compelling investment opportunity.

Harmonic: Temporary Setback In An Exciting Growth Story

Harmonic to Showcase Breakthroughs in Its Market-Leading Virtualized Broadband Platform and Network Edge Devices SAN JOSE, Calif. , Oct. 5, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the company will showcase its industry-leading solutions for high-speed broadband service delivery over fiber and DOCSIS networks at SCTE Cable-Tec Expo 2023.

Harmonic Elevates Broadband Excellence at SCTE Cable-Tec Expo 2023

Harmonic's Market-Leading Broadband Platform Converges Fiber and DOCSIS Network to Accelerate Time to Market for Enhanced Broadband Services SAN JOSE, Calif. , Sept. 20, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that KBRO, a leading multiple-system operator in Taiwan, has selected Harmonic's industry-leading CableOS® Broadband Platform to future-proof its broadband network.

KBRO Future-Proofs Broadband Network with Harmonic

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Advanced Playout on Software-Based XOS Processor Enables Cost-Effective Video Streaming, Distribution and Broadcast Workflows SAN JOSE, Calif. , Sept. 15, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that its industry-leading XOS Advanced Media Processor now offers a complete playout-to-delivery feature set, simplifying video streaming, distribution and broadcast workflows.

Harmonic Brings Innovative Playout Capabilities to its Market-Leading XOS Advanced Media Processor

Supporting 1RU, Software Spectrum X Offers Unparalleled Flexibility for Media Ingest, Production and Playout Applications SAN JOSE, Calif. , Sept. 15, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a breakthrough in innovation for its market-leading Spectrum™ family of media servers.

Harmonic Introduces Breakthrough New Software Spectrum X Media Server

Strategic Integrations with Microsoft OpenAI Service, Mirriad, Spideo, Leankr, and Kebula Drive AI-Augmented Video Streaming SAN JOSE, Calif. , Sept. 14, 2023 /PRNewswire/ -- At IBC2023, Harmonic (NASDAQ: HLIT) will showcase a series of new AI-powered video streaming innovations with industry leaders Microsoft, Leankr, Kebula, Mirriad and Spideo.

Harmonic Brings Cutting-Edge AI Innovations to IBC2023

Harmonic's Cloud-Native Software Offers Up to 40% Improved Origin Performance for Video Streaming SAN JOSE, Calif. , Sept. 14, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a giant leap forward in operational efficiency and performance for its cloud-native VOS® Media Software, setting a new standard for pay-TV, telco and cable operators worldwide.

Harmonic Unveils Major Operational and Performance Enhancements for VOS Media Software

Harmonic's share price has dropped by 36% due to disappointing earnings, but the company is expected to see significant earnings growth by 2024. The video segment is the fastest-growing division, driven by a surge in SaaS revenue, highlighting Harmonic's ability to capitalize on the demand for video-related services. Harmonic is focusing on securing multi-year contracts to establish stability and predictability in revenue streams, and its collaboration with Charter Communications is a positive step for future growth.

Harmonic: I'm Still A Buyer

SAN JOSE, Calif. , Sept. 13, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it is expanding its targeted advertising ecosystem through strategic partnerships with industry-leading ad tech platforms Google Ad Manager and Equativ.

Harmonic Enables Best-of-Breed Ad Tech with Google and Equativ

Harmonic's VOS360 Media SaaS Offers Unparalleled Scalability, Low Latency, and Targeted Ad Delivery for Video Streaming SAN JOSE, Calif. , Sept. 12, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that digital content distribution platform ViewLift is now using Harmonic's VOS®360 Media SaaS as its streaming video pipeline.

News for Harmonic Stock (HLIT)