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.

SAN JOSE, Calif. , July 26, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that satellite operator HISPASAT Peru is using Harmonic's cloud-native platform to power white-label streaming and robust direct-to-home (DTH) broadcast services.

HISPASAT Peru Unites Streaming and DTH Service Delivery with Harmonic Cloud Platform

SAN JOSE, Calif. , July 19, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its second quarter 2022 financial results after the market close on Monday, August 1, 2022.

Harmonic Announces Reporting Date for Second Quarter 2022 Results

Pebble DAA Device Transforms End-of-Life GS7000 Node Into Future-Ready Solution for Next-Gen Broadband SAN JOSE, Calif. , June 8, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it has developed an upgrade kit that breathes new life into Cisco's end-of-life GS7000 node, transforming it into a distributed access architecture (DAA) node that supports Flexible MAC Architecture (FMA) solutions for delivering next-gen broadband.

Harmonic Breathes New Life Into Cisco GS7000 Node

SAN JOSE, Calif. , May 25, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Chief Executive Officer, will participate in a fireside chat at the Jefferies Software Conference in San Francisco on Thursday, June 2, 2022 at 8:30 a.m.

Harmonic to Participate in the Jefferies Software Conference

Leading French-Language Entertainment Network Streams Internationally with VOS360 SaaS SAN JOSE, Calif. , May 24, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that leading French-language entertainment provider TV5MONDE is streaming its channels to millions of households with Harmonic's VOS®360 cloud SaaS platform.

TV5MONDE Expands Global Reach with Harmonic Cloud Streaming

SAN JOSE, Calif. , May 10, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Chief Executive Officer, and Jeremy Rosenberg, Senior Vice President of Business Development, will participate in a fireside chat at the 17th Annual Needham Technology & Media Conference on Monday, May 16, 2022 at 12:45 p.m.

Harmonic to Participate in the 17th Annual Needham Technology & Media Conference

SAN JOSE, Calif. , May 4, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will showcase transformative approaches to broadband network convergence at ANGA COM 2022.

Harmonic Highlights Network Convergence, Flexibility and Sustainability at ANGA COM 2022

Investors were happy to see the company beat revenue and earnings estimates.

Why Harmonic Stock Is Up Today

SAN JOSE, Calif. , May 3, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it participated in the recent CableLabs® 10G Showcase, an industry event focused on DOCSIS® 4.0 technologies as a cornerstone of next-gen broadband and 10G.

Harmonic Impresses with Demonstrations at CableLabs® 10G Showcase

Harmonic Inc. (NASDAQ:HLIT ) Q1 2022 Earnings Conference Call May 2, 2022 5:00 PM ET Company Participants David Hanover - IR Patrick Harshman - President and CEO Sanjay Kalra - CFO Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham Kyle McNealy - Jefferies Tim Savageaux - Northland Securities Operator Welcome to the Q1 2022 Harmonic Earnings Conference Call. My name is Val, and I'll be your operator on today's call.

Harmonic Inc. (HLIT) CEO Patrick Harshman on Q1 2022 Results - Earnings Call Transcript

Harmonic (HLIT) delivered earnings and revenue surprises of 100% and 4.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Harmonic (HLIT) Beats Q1 Earnings and Revenue Estimates

Revenue up 32% year over year Cable Access revenue up 98% year over year Record backlog and deferred revenue, up 81% year over year SAN JOSE, Calif. , May 2, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2022.

Harmonic Announces First Quarter 2022 Results

Harmonic Inc (NASDAQ: HLIT) added support for HDR10+ technology to its VOS360 cloud streaming platform and XOS software-based advanced media processing solution. The technology would enable richer video experiences with punchier, more dynamic images.

Here's Why Harmonic Shares Are Trading Higher Today

SAN JOSE, Calif. , April 21, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it has added support for HDR10+ technology to its VOS®360 cloud streaming platform and XOS software-based advanced media processing solution, enabling richer video experiences with punchier, more dynamic images.

Harmonic Boosts Streaming Video Experiences with HDR10+

SAN JOSE, Calif. , April 18, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its first quarter 2022 financial results after the market close on Monday, May 2, 2022.

Harmonic Announces Reporting Date for First Quarter 2022 Results

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Third Harmonic Bio, a clinical-stage company developing a first-in-class, highly selective, oral KIT inhibitor for the treatment of severe allergy and inflammation, announced today the appointment of Adrian S. Ray, Ph.D., as Chief Scientific Officer. “We're very excited to welcome Adrian to Third Harmonic Bio,” said Natalie Holles, Chief Executive Officer of Third Harmonic Bio. “Adrian is a highly skilled and experienced drug developer, with an outstanding tra

Third Harmonic Bio Strengthens Management Team with Addition of Adrian S. Ray, Ph.D.

Harmonic's CableOS Converges FTTH PON and HFC DOCSIS Networks, Enabling the U.S. Operator to Flexibly Meet Growing High-Bandwidth Demands SAN JOSE, Calif. , April 5, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Alabama-based cable operator CTV Beam is powering lightning-fast next-gen broadband services with Harmonic's CableOS® FTTx solution.

CTV Beam Powers Lightning-Fast 10G Broadband With Harmonic

Harmonic, Inc. shows more promising growth prospects with its continued innovation and market expansion.

Harmonic Remains In Harmony With Growth And Sustainability

STAMFORD, Conn., Feb. 16, 2022 /PRNewswire/ -- NBC Sports has selected Harmonic to provide its Edge media processing solution for its production of the XXIV Olympic Winter Games, from Beijing, China, February 2–20, 2022.

NBC SPORTS SELECTS ITS MEDIA PROCESSING SOLUTION PROVIDER FOR ITS PRODUCTION OF 2022 OLYMPIC & PARALYMPIC WINTER GAMES

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Third Harmonic Bio, a clinical-stage company developing a first-in-class, highly selective, oral KIT inhibitor for treatment of severe allergy and inflammation, launched today with the close of a Series B financing that brings the total capital raised to date to $155 million. This is expected to fund development of the company's lead candidate, THB001, through the next phase of human studies for the initial indication of chronic urticaria. Atlas Venture founde

Third Harmonic Bio Launches to Advance the Next Wave of Medicine for Allergy and Inflammation

SAN JOSE, Calif., Feb. 15, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that GCI, Alaska's largest telecommunications company, is using Harmonic's industry-leading CableOS® Cloud-Native Core Platform for next-gen broadband.

GCI Brings Next-Gen Broadband to the Alaskan Market with Harmonic

SAN JOSE, Calif., Feb. 7, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a major achievement with interoperability for the CableLabs® Flexible MAC Architecture (FMA) specification.

Harmonic MAC Anywhere Solution Achieves Successful FMA Interoperability

SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that its board of directors has authorized a stock repurchase program under which the company may repurchase up to $100 million of its outstanding shares of common stock through February 2025.

Harmonic Announces $100 Million Stock Repurchase Program

Despite a revenue and earnings beat in the fourth quarter, investors weren't happy with the fact that earnings were down compared to the year-ago quarter.

Here's Why Harmonic Stock Is Down Today

Harmonic Inc. (HLIT) CEO Patrick Harshman on Q4 2021 Results - Earnings Call Transcript

News for Harmonic Stock (HLIT)