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 (NASDAQ: HLIT) announced advancements in its on-premises and SaaS solutions for video streaming at the 2023 NAB Show, showcasing innovations in live sports streaming, targeted advertising, and cloud playout. The company highlighted its VOS®360 SaaS platform and XOS media processor, enabling media companies to achieve high-quality live streaming, maximize ad revenue through new server-side ad insertion technology, and streamline cloud-native playout solutions. Harmonic's leadership will participate in discussions on live sports streaming trends at the NAB Show, scheduled for April 17. With increased global deployments, Harmonic aims to drive efficiencies and monetize video content effectively.
Harmonic (NASDAQ: HLIT) announced that VertiCast Media Group's CSport is using its VOS360 video SaaS platform for streaming Premier League matches across the Caribbean. This collaboration enhances the sports viewing experience in 26 countries with unmatched agility and scalability. VertiCast benefits from real-time scaling, multiCDN capabilities, and 24/7 monitoring from Harmonic's DevOps team to deliver high-quality streams. The CTO of VertiCast emphasized the rapid deployment of this service, aiming for an exceptional fan experience during major events like the FIFA World Cup Qatar 2022. Harmonic continues to expand its global customer base.
Harmonic (NASDAQ: HLIT) has been chosen by Charter Communications as a strategic technology partner to implement virtual CMTS technology for advanced broadband services. This deployment will utilize Harmonic's CableOS® Broadband Platform for enhanced efficiency and multi-gigabit network convergence. The partnership supports Charter's goals for network evolution and expansion, creating a sustainable foundation for leading connectivity services. With over 90 broadband service providers globally, Harmonic continues to demonstrate its leadership in virtualized broadband solutions, revolutionizing how media companies and service providers deliver high-quality video and internet services.
Harmonic Inc. (NASDAQ: HLIT) announced the resignation of CFO Sanjay Kalra, effective March 3, 2023, to explore other opportunities. The company has appointed Jeremy Rosenberg, senior vice president of business development, as interim CFO while a search for a permanent replacement is underway. CEO Patrick Harshman expressed gratitude for Kalra's contributions and confidence in Rosenberg's leadership during the transition. Harmonic continues to lead in virtualized broadband and video delivery solutions, enhancing media companies' capabilities in streaming and broadcasting.
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Harmonic Inc. (NASDAQ: HLIT) reported a record quarterly revenue of $164.3 million for Q4 2022, marking a 5.5% year-over-year increase. Significant growth was seen in the Broadband segment, which grew 38% to $96.0 million, and Video SaaS revenue surged 51% year-over-year. However, Video segment revenue declined 20.7% to $68.3 million. Gross margins improved, with GAAP gross margin at 52.1%. Operating income rose to $16.5 million GAAP and $23.7 million non-GAAP. Despite a cash decrease to $89.6 million, the backlog remained strong at $457.1 million.
Harmonic Inc. (NASDAQ: HLIT) announced it will release its fourth quarter and full year 2022 financial results on January 30, 2023, after market close. A live webcast to discuss the results will take place at 2:00 p.m. PT on the same day. Participants can join via telephone after registering in advance. A replay of the webcast will be available post-event. Harmonic is recognized as a leader in virtualized broadband and video delivery solutions, enabling media companies and service providers to deliver high-quality streaming and broadcasting services.
Harmonic (NASDAQ: HLIT) announced that Patrick J. Harshman, President and CEO, will participate in a virtual fireside chat at the 25th Annual Needham Growth Conference on January 12, 2023, at 8:45 a.m. PT. A live video webcast will be available on the company's investor relations website, with an archived version accessible for 90 days afterward. Harmonic specializes in virtualized broadband and video delivery solutions, empowering media companies and service providers to offer high-quality streaming services globally.
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.