Harmonic Inc Stock Price, News & Analysis

Harmonic (NASDAQ: HLIT) announced that TV5MONDE, a top French-language entertainment network, is utilizing its VOS360 cloud SaaS platform to stream content globally. This partnership allows TV5MONDE to enhance its reach, delivering channels in 14 languages with high subtitling interoperability, catering to a vast audience.

TV5MONDE operates in 198 countries, reaching 403 million households. The VOS360 platform supports various geographic content distribution, enabling TV5MONDE to maintain a strong presence in the global market.

Harmonic (NASDAQ: HLIT) announced participation in the 17th Annual Needham Technology & Media Conference on May 16, 2022. CEO Patrick Harshman and SVP Jeremy Rosenberg will engage in a fireside chat at 12:45 p.m. PT (3:45 p.m. ET). A live video webcast will be available on Harmonic's website, with an archived version accessible for 90 days. The company is recognized for its innovations in virtualized cable access and video delivery solutions, enabling high-quality streaming and broadcast services globally.

Harmonic (NASDAQ: HLIT) recently showcased its CableOS Cloud-Native Core Platform at the CableLabs 10G Showcase, emphasizing DOCSIS 4.0 technology as vital for next-gen broadband. The demonstration highlighted impressive capabilities, achieving downstream speeds of 8.5 Gbps and upstream speeds of 5 Gbps. Harmonic's solutions enable operators to sustainably deliver multi-gigabit internet services and optimize operations by integrating PON and HFC DOCSIS networks. The company powers 6.1 million cable modems worldwide, serving major operators across North America, Europe, Latin America, and Asia.

Harmonic Inc. (NASDAQ: HLIT) reported strong Q1 2022 results, with revenue up 32% year over year to $147.4 million. The Cable Access segment was particularly robust, achieving 98% growth at $81.6 million. Despite this, the Video segment revenue declined by 6% to $65.8 million. The company also noted a record backlog and deferred revenue, increasing 81% year over year. The GAAP net loss was $1.5 million, while non-GAAP net income reached $8.9 million. Harmonic expects continued momentum in Q2 2022, projecting total revenue between $144 million and $154 million.

Harmonic (NASDAQ: HLIT) has integrated HDR10+ support into its VOS®360 cloud streaming platform and XOS software, enhancing video quality with dynamic image features. The integration allows for optimized color contrast and detail in HDR video, helping viewers experience images closer to directors' original intentions. Currently, a trial with Evoca, a pay-TV service, is assessing HDR10+ for improved video delivery. The company will showcase its advancements at the NAB Show in Las Vegas from April 24-27, 2022.

Harmonic Inc. (NASDAQ: HLIT) will release its Q1 2022 financial results after the market close on May 2, 2022. A live webcast to discuss the results is scheduled for 2:00 p.m. PT on the same day, available through the company's Investor Relations website. An audio version can be accessed via phone. A replay will be available post-event. Harmonic, a leader in virtualized cable access and video delivery solutions, focuses on enabling high-quality streaming and broadcast services.

Harmonic (NASDAQ: HLIT) announced that CTV Beam, a cable operator in Alabama, has adopted its CableOS® FTTx solution to enhance broadband services. This platform integrates FTTH PON and HFC DOCSIS networks, providing a scalable and flexible solution for increasing bandwidth demands. CTV Beam aims to meet the growing need for high-speed internet as more residents engage in remote activities. The CableOS platform supports over 4.8 million cable modems globally, reinforcing Harmonic's leading position in virtualized cable access solutions.

Harmonic has been selected by NBC Sports to provide its Edge media processing solution for the XXIV Olympic Winter Games in Beijing from February 2-20, 2022. This partnership will facilitate over 2,800 hours of live 4K HDR broadcasts across various NBC platforms. Harmonic's XOS Edge solution will streamline Olympic feeds and ensure high-quality broadcasts while minimizing staff requirements. NBC Sports' coverage of the Winter Games marks its 18th Olympic presentation, highlighting its longstanding commitment to premier sports broadcasting.