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 to Showcase Transformative Broadband Access Innovations for Enhanced Service Quality and Multigigabit Speeds over Fiber and DOCSIS Networks SAN JOSE, Calif. , May 8, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it will showcase its latest broadband access innovations for fiber and DOCSIS networks at ANGA COM in Germany.

Harmonic Sets the Pace for Intelligent Broadband Networks at ANGA COM 2024

SAN JOSE, Calif. , May 7, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, Chief Financial Officer of Harmonic, will participate in a fireside chat at the 19th Annual Needham Technology, Media & Consumer Conference in New York City, on Tuesday, May 14, 2024, at 12:00 p.m.

Harmonic to Participate in the 19th Annual Needham Technology, Media & Consumer Conference and the Jefferies Software Conference

In the most recent quarter, business was slow for Harmonic. The company reached a record backlog, which gives optimism for the future as a new CEO prepares to take over.

Here's Why Harmonic Stock Soared Higher While the Nasdaq Dropped

Harmonic Inc. (NASDAQ:HLIT ) Q1 2024 Results Conference Call April 29, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Patrick Harshman - President and Chief Executive Officer Nimrod Ben-Natan - SVP and General Manager of Harmonic's Broadband Business Walter Jankovic - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James George Notter - Jefferies Steven Frankel - Rosenblatt Securities Ryan Koontz - Needham & Company Tim Savageaux - Northland Capital Markets Operator Hello, and thank you for standing by. Welcome to the First Quarter 2024 Harmonic Earnings Conference Call.

Harmonic Inc. (HLIT) Q1 2024 Earnings Call Transcript

Harmonic (HLIT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.12 per share a year ago.

Harmonic (HLIT) Reports Break-Even Earnings for Q1

New Beacon Application Maximizes Broadband Speeds, Improves Reliability, Enhances Quality of Experience and Lowers OPEX SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the new Beacon intelligent speed maximizer (ISM) application integrated on the cOS™ virtualized broadband platform alongside its market-leading vCMTS and fiber applications.

Harmonic Extends cOS Broadband Platform with Breakthrough Intelligent Speed Maximizer

Millicom International Cellular S.A.

Results in Line with Guidance Reaffirming Broadband Full Year Revenue Guidance Increasing Full Year Video EBITDA Guidance SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2024.

Harmonic Announces First Quarter 2024 Results

Harmonic (HLIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Harmonic (HLIT) Q1 Earnings Expected to Decline

SAN JOSE, Calif. , April 15, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its first quarter 2024 financial results after the market close on Monday, April 29, 2024.

Harmonic Announces Reporting Date for First Quarter 2024 Results

Red Hat  OpenShift CNF Certification Elevates Reliability and Security Capabilities for VOS Media Software Deployments in Data Centers SAN JOSE, Calif. , April 12, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that the company's VOS® Media Software is a validated cloud-native network function (CNF) on the Red Hat OpenShift.

Harmonic VOS Media Software Achieves CNF Certification on Red Hat OpenShift

Managed by Totaltel, Harmonic's VOS360 Media SaaS Delivers Unmatched Efficiency and Reliability in Cloud Playout SAN JOSE, Calif. , April 11, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the successful implementation of its cloud-native VOS®360 Media SaaS for Chilean content provider Filmocentro, significantly optimizing playout and primary distribution operations.

Filmocentro Enhances Playout Efficiency with Harmonic's Cloud Solutions

New In-Stream Advertising Features on VOS®360 Ad SaaS Unlock Additional Monetization Opportunities SAN JOSE, Calif. , April 10, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a groundbreaking advancement in live sports streaming monetization with the introduction of in-stream advertising with new split-screen ad formats on its award-winning VOS®360 Ad SaaS.

Harmonic Introduces State-of-the-Art In-Stream Advertising for Live Sports Streaming

SAN JOSE, Calif. , April 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host a conference call on Thursday, April 11, 2024 at 1:30 p.m.

Harmonic Announces Conference Call to Discuss Recent Company Announcements

Harmonic HLIT, +1.55% ended a review of its video business without completing a transaction and said its chief executive would retire.

Harmonic ends review of its video business; CEO to retire

Nimrod Ben-Natan to Succeed Patrick Harshman as President & CEO, Effective June 11, 2024 Concludes Video Business Strategic Review Process Updates First Quarter 2024 Revenue Guidance SAN JOSE, Calif. , April 8, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman will retire as President and Chief Executive Officer, effective June 11, 2024.

Harmonic Announces CEO Succession

AI Innovations are Reshaping Live Sports Streaming, Targeted Advertising, and More SAN JOSE, Calif. , April 4, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it is bringing its leading-edge cloud and software-based appliance solutions to the 2024 NAB Show, redefining the standard for video streaming and broadcast delivery.

Harmonic Sets the Standard for Video Streaming and Broadcast Excellence at 2024 NAB Show

Harmonic's Versatile Fiber Solutions Bring Unrivalled Flexibility to Fiber Broadband Service Delivery SAN JOSE, Calif. , March 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the company will showcase its versatile solutions for high-speed fiber broadband service delivery at the FTTH Conference in Berlin.

Harmonic to Showcase Fiber-Made-Simple Solutions at FTTH Conference 2024

Millicom Leverages Harmonic's Unique Hybrid Fiber-Cable, Node-Based Solution to Offer High-Speed Fiber to the Home Broadband  SAN JOSE, Calif. , Feb. 20, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Millicom (NASDAQ: TIGO), a leading provider of fixed and mobile telecommunications services in Latin America through the TIGO® brand, has successfully launched XGS-PON fiber-to-the-home (FTTH) with Harmonic's industry-leading cOS® broadband platform.

Millicom Accelerates Fiber Deployments with Harmonic

Harmonic Inc. (HLIT) Q4 2023 Earnings Call Transcript

Harmonic (HLIT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.17 per share a year ago.

Harmonic (HLIT) Beats Q4 Earnings and Revenue Estimates

Record quarterly total revenue of $167.1 million, up 31% quarter over quarter Broadband revenue up 20% and Video SaaS revenue up 26% year over year SAN JOSE, Calif. , Jan. 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2023.

Harmonic Announces Fourth Quarter and Fiscal 2023 Results

Harmonic is down from its high of $18 per share but still has growth potential in its SaaS segment. HLIT operates in the SaaS market, which is expected to reach $408 billion by 2025, and HLIT has a target market of $1.3 billion. HLIT's Q4 revenues are expected to be $45-$55 million, and the company is aiming for revenues of $620 million for FY2024.

Harmonic: Upcoming Report Worthwhile To Be Bullish On

SAN JOSE, Calif. , Jan. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its fourth quarter and full year 2023 financial results after the market close on Monday, January 29, 2024.

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2023 Results

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.

News for Harmonic Stock (HLIT)