Harmonic Inc Stock Price, News & Analysis

Harmonic (NASDAQ: HLIT) announced that Telefonica Spain has adopted its VOS360 cloud streaming platform for disaster recovery of the Movistar+ service. This deployment allows for reliable infrastructure replication in the cloud, optimizing resources and enabling instant scaling of live channels. Using a pay-per-use model, Telefonica can flexibly manage costs according to demand. The VOS360 platform ensures service continuity and rapid activation, enhancing overall reliability and flexibility for streaming services.

Harmonic (NASDAQ: HLIT) announced its participation in key upcoming events, showcasing advanced broadband technologies. Company executives will discuss innovative topics such as FTTH PON, 10G, and cloud streaming. Highlights include panel discussions at ANGA COM on June 8 and 10, and a SCTE webinar on June 17. Harmonic emphasizes its leadership in virtualized cable access, aiming to enhance network efficiency and meet growing bandwidth demands. The company aims to transform broadband connectivity through its multi-access, cloud-native platform.

Harmonic (NASDAQ: HLIT) announced two upcoming Virtual Investor Events focusing on its Video and Cable Access segments. The Video segment event is scheduled for June 7, 2021, while the Cable Access event will follow on June 14, 2021. Both sessions will be hosted by senior executives and include discussions on strategic visions, investment initiatives, and long-term financial models. Participants can access live webcasts and presentations through Harmonic's investor relations website, with archived content available for 90 days post-event.

Harmonic (NASDAQ: HLIT) will participate in upcoming virtual investor conferences. The fireside chat features Sanjay Kalra and Jeremy Rosenberg on May 20, 2021, at 11:15 AM PT. Additionally, they will engage at the J.P. Morgan Conference on May 25, 2021, at 12:40 PM PT, and the Stifel Conference on June 8, 2021, at 11:00 AM PT. Live webcasts will be accessible on Harmonic's investor relations site, with archived versions available for 90 days.

Harmonic Inc. (NASDAQ: HLIT) reported exceptional Q1 2021 results with revenues of $111.6 million, up 42.3% year-over-year, and a net loss of $6.1 million. Both the Cable Access segment (up 72%) and Video segment (up 29%) showcased strong growth. Gross margins improved to 49.4% (GAAP). The company ended the quarter with a substantial backlog of $274.3 million and a cash position of $100.8 million, reflecting a $29.1 million increase from last year. Positive momentum is expected to continue, supported by strong bookings and technology advancements in their services.

Harmonic (NASDAQ: HLIT) announced that Otelco, a U.S. cable operator, is providing gigabit internet speeds to rural subscribers using Harmonic's CableOS Cloud-Native Core Platform. This upgrade enables tenfold increases in broadband speeds while paving the way for future fiber-to-the-home (FTTH) services. The deployment has improved operational efficiency and reduced costs for Otelco. Harmonic's technology now serves over 2.6 million cable modems worldwide, highlighting its market leadership in virtualized cable access solutions.

Harmonic (NASDAQ: HLIT) announced that Canadian cable operator Mascon is enhancing its broadband services using Harmonic's CableOS Cloud-Native Core Platform. This partnership allows Mascon to address broadband capacity efficiently, improving internet speeds through advanced technologies like vCMTS and R-PHY. The deployment of CableOS in a centralized architecture reduces operational costs significantly. Clearcable facilitated the integration of Harmonic's platform, which supports scalable broadband solutions and operational efficiencies for Mascon, benefiting from lower power consumption and added flexibility.

Harmonic (NASDAQ: HLIT) will release its Q1 2021 financial results on May 3, 2021, after market close. A live webcast is scheduled for 2:00 p.m. PT the same day, allowing investors to discuss the results. The webcast can be accessed via the Harmonic Investor Relations website. An audio version will also be available by phone. A replay will be accessible post-event on the website and via designated phone lines.

Harmonic leads in virtualized cable access and video delivery solutions, enhancing media companies' and service providers' capabilities.