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.

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.

ViewLift Streams Motorsport Event at Scale with Harmonic

Video Streaming Innovations Include State-of-the-Art Monetization  and AI Capabilities  SAN JOSE, Calif. , Sept. 7, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it continues to elevate its market-leading cloud and appliance solutions for video streaming, broadcast and distribution at IBC2023.

Harmonic's Streaming and Broadcast Leadership on Full Display at IBC2023

Harmonic's VOS360 Media SaaS Offers Reliability and Unparalleled Scalability SAN JOSE, Calif. , Sept. 5, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that WRC Promoter GmbH, the company responsible for TV production and commercial aspects of the FIA World Rally Championship (WRC), FIA European Rally Championship (ERC) and FIA World Rallycross Championship (World RX), has deployed Harmonic's VOS®360 Media SaaS for playout and streaming of live sports events.

WRC Promoter Expands Live Sports Streaming Service with Harmonic

Harmonic's Market-Leading Virtualized Broadband Platform Accelerates the Delivery of 10G Fiber Services SAN JOSE, Calif. , Aug. 15, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it will showcase its industry-leading virtualized broadband platform and versatile 10G Fiber-to-the-Home (FTTH) solutions at Fiber Connect 2023.

Harmonic Showcases Broad 10G Fiber Portfolio at Fiber Connect 2023

LOS ANGELES, CA / ACCESSWIRE / August 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harmonic Inc. ("Harmonic" or "the Company") (NASDAQ:HLIT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Harmonic Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 5, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harmonic Inc. ("Harmonic" or "the Company") (NASDAQ: HLIT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Harmonic Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harmonic Inc. ("Harmonic" or "the Company") (NASDAQ:HLIT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Harmonic Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harmonic Inc. ("Harmonic" or "the Company") (NASDAQ:HLIT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Harmonic Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harmonic Inc. ("Harmonic" or "the Company") (NASDAQ:HLIT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Harmonic Inc. and Encourages Investors with Losses to Contact the Firm

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Harmonic Inc. (NASDAQ:HLIT ) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants David Hanover - Investor Relations Patrick Harshman - President and Chief Executive Officer Walter Jankovic - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities Blake Mielke - Jefferies Tim Savageaux - Northland Capital Alyssa Shreves - Barclays Operator Thank you for standing by. Welcome to the Second Quarter 2023 Harmonic Earnings Conference Call.

Harmonic Inc. (HLIT) Q2 2023 Earnings Call Transcript

Harmonic (HLIT) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.16 per share a year ago.

Harmonic (HLIT) Q2 Earnings and Revenues Lag Estimates

Broadband revenue up 20% and Video SaaS revenue up 58% year over year SAN JOSE, Calif. , July 31, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2023.

Harmonic Announces Second Quarter 2023 Results

SAN JOSE, Calif. , July 19, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its second quarter 2023 financial results after the market close on Monday, July 31, 2023.

Harmonic Announces Reporting Date for Second Quarter 2023 Results

Harmonic's Market-Leading CableOS Platform Converges Fiber and DOCSIS Networks and Drives Efficient Operations SAN JOSE, Calif. , July 18, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that telecommunications service provider Claro Perú, of the América Móvil group, is extending Harmonic's industry-leading CableOS® Broadband Platform for fiber-to-the-home (FTTH) to sustainably deliver next-gen broadband and 10G speeds.

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

New Statmux Solution Improves Video Quality and Bandwidth Efficiency for NEXTGEN TV SAN JOSE, Calif. , July 11, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) and DigiCAP (KOSDAQ: 197140) today announced they are offering a new solution for broadcasters that combines statistical multiplexing technology on Harmonic's XOS advanced media processor with DigiCAP's DigiCaster ATSC 3.0 headend.

Harmonic and DigiCAP Optimize ATSC 3.0 Delivery

Harmonic Inc.'s revenues have increased by 7% YoY, driven mainly by broadband and Video SaaS, which grew by 23% and 72%, respectively. The company's EPS increased by almost 50% YoY. It has two main segments, broadband and video, with the latter being the faster-growing due to a 72% YoY increase in SaaS revenue. Harmonic is focusing on securing multi-year contracts to ensure future revenues. Despite potential risks, such as a slowdown in the SaaS business and competition in the broadband industry, the company's strong results so far have been impressive.

Harmonic: Growing Quickly And At A Fair Price

Harmonic Inc. has strong fundamentals and is expected to experience faster-than-average growth over the next three years. The company forecasts strong revenue and EBITDA growth through 2025, with a CAGR of 34% for revenue and 61% for adjusted EBITDA. Investors should be patient and wait for a dip in the stock price before buying, as the stock is volatile and at a peak.

Harmonic: Robust Earnings Growth And Capital Gains

SAN JOSE, Calif. , May 25, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that its executive team will participate in the following upcoming conferences: Patrick Harshman, Chief Executive Officer, will participate in a fireside chat and host in-person meetings at the Jefferies Software Conference in Newport Coast, CA, on Wednesday, May 31, 2023, at 2:00 p.m.

Harmonic to Participate in the Jefferies Software Conference and the Rosenblatt 3rd Annual Technology Summit

Harmonic's Hardened Switch Simplifies Deployment of 10G PON and 25G Business-Class Services for Areas Leveraging Outdoor Telco Cabinets SAN JOSE, Calif. , May 24, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the expansion of its fiber broadband portfolio with the new Wharf hardened switch for high-density remote optical line termination (R-OLT) applications.

News for Harmonic Stock (HLIT)