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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Harmonic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Harmonic's position in the market.
Rhea-AI Summary
Harmonic (HLIT) partners with Millicom (TIGO) to launch XGS-PON fiber-to-the-home broadband, enhancing high-speed internet offerings in Latin America. Millicom leverages Harmonic's cOS platform and hybrid fiber-cable nodes for faster, reliable broadband services.
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-1.61%
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Harmonic Inc. (HLIT) reported a record total revenue of $167.1 million, marking a 31% increase quarter over quarter. Broadband revenue increased by 20% and Video SaaS revenue increased by 26% year over year. The company's financial and business highlights, including revenue, gross margin, operating income, net income, and adjusted EBITDA, were presented in detail. Harmonic also provided an update on its Video business review process and gave financial guidance for Q1 2024 and the full year.
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End-of-Day
1.8%
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Harmonic (HLIT) will release its Q4 and full year 2023 financial results on January 29, 2024, followed by a live webcast to discuss the results. Participants can join via telephone or webcast, and a replay will be available on the company's Investor Relations website. The live event will take place at 2:00 p.m. PT, with the replay available after 5:00 p.m. PT.
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-0.42%
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Harmonic (HLIT) selected by DOCOMO PACIFIC to deliver 10G broadband services using fiber access solutions, enabling high-speed, reliable FTTP internet for more than 10,000 residents across Guam and the Northern Mariana Islands. Harmonic's cOS virtualized core software and Wharf hardened switch minimize new construction, permitting and building constraints, reducing costs for the service provider.
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0.08%
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Harmonic Inc. (NASDAQ: HLIT) announced a new five-year, $160 million Credit Facility with a lending syndicate led by Citibank, N.A. The facility replaces the existing $25 million line of credit with JPMorgan Chase Bank, N.A. The Credit Facility includes a $120 million secured revolving loan facility, a $40 million secured delayed draw term loan facility, and an option to request $100 million or more in additional loan commitments under an accordion feature. The CFO, Walter Jankovic, highlighted the increased liquidity, stronger balance sheet, and financial flexibility provided by the facility, supporting the company's multi-year growth plan and ongoing strategic review of the Video business.
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0.57%
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Harmonic (HLIT) CFO to participate in fireside chat at Raymond James 2023 TMT and Consumer Conference and investor meetings at Barclays 2023 Global Technology Conference
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1.2%
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Harmonic (NASDAQ: HLIT) CFO to Participate in Fireside Chat at Needham Virtual Conference
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End-of-Day
-0.91%
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Harmonic (NASDAQ: HLIT) announced that Okinawa Cable Network Inc. in Japan is using Harmonic's cOS broadband platform to modernize its network, reducing operational expenses and establishing a simple path to 10G fiber-to-the-home. Sumitomo Electric Industries, Ltd. ensured a smooth deployment in a short period of time.
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-0.27%
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Harmonic Inc. reported its unaudited results for Q3 2023, with revenue of $127.2 million, down from $155.7 million in the prior year period. The Video SaaS revenue grew by 42% year over year. The company's cOS solution was deployed with 104 customers, and they are conducting a strategic review of their Video business. Harmonic remains confident in its mid- and long-term growth prospects.
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End-of-Day
10.89%
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Harmonic announces the launch of its new high-density Pier optical line terminal (OLT) shelf, which enables high-speed 10G connectivity and streamlined deployment of outdoor access networks. The Pier OLT shelf supports a wide range of deployment scenarios and offers versatility, performance, and reliability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
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Harmonic Inc
Nasdaq:HLIT
HLIT Rankings
HLIT Stock Data
1.23B
100.33M
2.7%
110.97%
7.47%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
United States of America
SAN JOSE
About HLIT
harmonic (nasdaq: hlit), the worldwide leader in video delivery technology and services, enables media companies and service providers to deliver ultra-high-quality broadcast and ott video services to consumers globally. the company has also revolutionized cable access networking via the industry’s first virtualized ccap solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers’ homes and mobile devices. whether simplifying ott video delivery via innovative cloud and software-as-a-service (saas) technologies or powering the delivery of gigabit internet cable services, harmonic is changing the way media companies and service providers monetize live and vod content on every screen. more information is available at www.harmonicinc.com.