Welcome to our dedicated page for Harmonic news (Ticker: HLIT), a resource for investors and traders seeking the latest updates and insights on Harmonic stock.
Harmonic Inc. reports developments in broadband access and video delivery technology for service providers, media companies, broadcasters and streamers. Its updates commonly cover virtualized broadband networking, fiber deployment tools, AI-powered network operations intelligence, remote OLT infrastructure, and the cOS platform used by broadband operators.
Harmonic news also includes video workflow software and media processing products such as VOS Media Software, XOS Advanced Media Processor, hybrid streaming solutions, and AI orchestration for live video workflows. Recurring company announcements address customer deployments, product introductions, industry conference participation, earnings releases, and investor presentations.
Harmonic announced that Walter Jankovic, CFO, will participate in the 19th Annual Needham Technology, Media & Consumer Conference and the Jefferies Software Conference. The CFO will engage in a fireside chat in New York on May 14, 2024, and host meetings throughout the day. Additionally, he will host investor meetings in Newport Coast, CA, on May 30, 3024. A live webcast will be available on Harmonic's website.
Harmonic announced the integration of the Beacon intelligent speed maximizer (ISM) application on the cOS virtualized broadband platform, enhancing spectrum efficiency and maximizing broadband speeds for subscribers. The Beacon ISM improves quality of experience, reduces operating expenses, and increases network reliability, offering scalability and security benefits compared to traditional profile management applications. This breakthrough technology aims to empower operators to deliver faster and more reliable services to subscribers while simplifying deployment and addressing network impairments in real-time.
Harmonic Inc. announced its Q1 2024 results, meeting guidance. Revenue at $122.1M with Broadband leading. Record backlog & deferred revenue. Video EBITDA guidance raised. Financials showed a dip from previous year in revenue, net income, and gross margin. Operating loss but increased backlog and customer base. Focus on restructuring Video segment for growth.
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