Harmonic Inc Stock Price, News & Analysis

Harmonic (NASDAQ: HLIT) announced that Patrick J. Harshman, President and CEO, will participate in upcoming fireside chats at two investor conferences: the Raymond James 2022 Technology Investors Conference in New York on December 5, 2022, at 12:25 p.m. PT and the Barclays 2022 Global Technology, Media and Telecommunications Conference in San Francisco on December 8, 2022, at 12:45 p.m. PT. Live webcasts will be available on Harmonic's website, with archived versions posted for 30 days.

Harmonic (NASDAQ: HLIT) announced that its President and CEO, Patrick J. Harshman, will take part in a fireside chat at the 3rd Annual Needham Virtual Tech Week Conference on November 15, 2022, at 8:00am PT / 11:00am ET. A live video webcast will be accessible on the company's investor relations website, with an archived version available for 30 days thereafter. Harmonic is a leader in virtualized broadband and video delivery solutions, transforming the media industry with its innovative technologies.

Harmonic reported a record third-quarter revenue of $155.7 million, a 23% increase year-over-year, with a notable rise in Broadband revenue by 60% and Video SaaS revenue by 64%. Operating income reached $11.4 million GAAP, compared to $5.4 million last year. The company also noted a significant 50% increase in quarterly bookings, reflecting strong business momentum. However, Video segment revenue fell by 7%. Despite cash standing at $105.3 million, this is down by $23.2 million year-over-year.

Harmonic Inc. (NASDAQ: HLIT) will release its third quarter 2022 financial results on October 31, 2022, after market close. A live webcast to discuss the results will take place at 2:00 p.m. PT on the same day. Investors can participate by registering in advance through an online link. A replay of the event will be made available after 5:00 p.m. PT. Harmonic is a leader in virtualized cable access and video delivery solutions, helping media companies deliver high-quality video streaming globally.

Harmonic (NASDAQ: HLIT) has announced a new fiber solution for cable operators, in collaboration with Hitron Technologies. This offering integrates Harmonic's CableOS FTTx solution with Hitron's optical network units (ONUs) to deliver 10G symmetrical services. The solution aims to enhance speed and energy efficiency while allowing operators flexibility with technology choices. The CableOS Platform is designed to support various access technologies, promoting faster adaptation to network demands. Nelson Cable has successfully deployed this solution in Virginia, marking a significant step toward advancing broadband capabilities.

Harmonic (NASDAQ: HLIT) launched the Pebble-2, an advanced distributed access architecture device, enhancing flexibility and efficiency for broadband services. Supporting Remote PHY, R-MACPHY, and DOCSIS 4.0 deployments, it sets new benchmarks for power and cooling efficiency. Pebble-2 is uniquely compatible with the Jetty fiber switch for converged services, allowing operators to extend the lifespan of existing nodes. The device will start shipping in Q4 2022 and will be showcased at the SCTE Cable-Tec Expo from September 20-22 in Philadelphia.

Harmonic, a leader in virtualized broadband solutions, announced that Andrii Vladyka, its technical product manager, will receive the prestigious 2022 SCTE Wilt J. Hildenbrand Jr. Award for his significant contributions to the cable industry. This recognition highlights Vladyka's role in operationalizing Network Function Virtualization and his innovations in vCMTS, vOLT, and vCPE. He will be honored at the SCTE Awards Luncheon on September 21, 2022. With over 10 years of telecom experience, Vladyka has been key in enhancing Harmonic's CableOS Cloud-Native Core Platform.

Harmonic (NASDAQ: HLIT) has announced its participation in the SCTE Cable-Tec Expo 2022, showcasing innovations in broadband technology aimed at transitioning to a 10G infrastructure. The company's Cloud-Native CableOS Platform will demonstrate capabilities for supporting DOCSIS 4.0 and fiber networks, enhancing capacity and sustainability for operators. A new Remote PHY device will be introduced to boost broadband capacity. With over 100,000 R-PHY devices deployed globally, Harmonic is positioned as a leader in virtual cable access solutions.

Harmonic (NASDAQ: HLIT) has partnered with DIRECTV GO to stream over 100 linear channels using Harmonic's VOS360 cloud SaaS platform. This collaboration aims to enhance scalability and introduce new capabilities for the streaming service, capitalizing on the rapid growth in Latin America's streaming market. The VOS360 platform offers improved agility, scalability, and security, while Harmonic’s EyeQ AI encoding technology enhances streaming quality. The company will showcase its innovations at IBC2022.