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. (NASDAQ: HLIT) features regularly in news related to virtualized broadband, video delivery technology and strategic developments in its Broadband and Video businesses. Company press releases highlight its role in enabling media companies and service providers to deliver ultra-high-quality video streaming and broadcast services, as well as gigabit internet connectivity through virtualized broadband solutions.
News coverage for HLIT often includes updates on broadband network modernization projects using Harmonic’s cOS virtualized broadband platform, collaborations with telecom and cable operators, and deployments with engineering partners that support next-generation DOCSIS and fiber-based broadband services. Articles also describe how operators use Harmonic’s software-based platforms to improve reliability, increase speeds and enhance subscriber quality of experience.
On the video side, Harmonic news includes announcements about broadcasters and sports networks adopting its video processing and primary distribution solutions, such as the XOS Advanced Media Processor and related systems. These stories discuss how customers use Harmonic technology to manage streaming workflows, optimize video quality and support monetization of live and on-demand content.
Recent items also cover corporate and strategic developments, including quarterly financial results furnished via Form 8-K and the announced pending sale of Harmonic’s Video Business segment to MediaKind, which is expected to sharpen the company’s focus on its Broadband segment if completed. For investors and industry followers, the HLIT news page provides an organized view of these announcements, making it easier to track how Harmonic’s broadband and video activities evolve over time. Users interested in broadband infrastructure, streaming technology and segment-level performance can consult this feed for company-issued updates and disclosures.
Harmonic (NASDAQ: HLIT) has announced the successful completion of technology upgrades for SES's Phase 1 C-band spectrum transition within just nine months. Utilizing Harmonic's XOS Edge software, the project exceeded FCC deadlines, demonstrating collaboration among involved companies. The integration of NAGRA's encryption with XOS Edge enhances video service delivery. This upgrade not only supports Comcast Technology Services but also positions Harmonic for new opportunities in edge distribution strategies, contributing to the industry's path toward 5G.
Harmonic (NASDAQ: HLIT) has announced participation at two key investor conferences on December 7, 2021. CEO Patrick J. Harshman will engage in a fireside chat at the Raymond James Technology Investors Conference at 1:00 PM PT, while Sanjay Kalra and Jeremy Rosenberg will participate at the Barclays Global Technology, Media and Telecommunications Conference at 11:25 AM PT. Live audio webcasts will be available on Harmonic's website, with archived webcasts accessible for 30 days.
Harmonic Inc. (NASDAQ: HLIT) reported Q3 2021 results with revenues of $126.3 million, representing a 33% year-over-year increase. The cable access segment saw a 43% revenue increase to $57.6 million, while the video segment rose by 26% to $68.7 million. Net income reached $1.5 million with earnings per share of $0.01, up from a loss of $5.4 million in the previous year. The company's cash position improved to $128.4 million. Harmonic anticipates continued growth with strong market momentum and a robust backlog.
Harmonic (NASDAQ: HLIT) has partnered with Claro Colombia to launch the Claro Box TV streaming service, marking a significant advancement in the Colombian telecommunications market. This service utilizes Harmonic's VOS Cloud-Native Software, enhancing business agility and subscriber experience. The Claro Box TV offers traditional channels, cloud DVR, and access to over 300 apps. The deployment includes Harmonic's Electra X live video processor and EyeQ AI-based encoding technology, ensuring better streaming performance at reduced costs. This move positions Claro Colombia as a leader in Latin America's streaming service industry.
Harmonic Inc. (NASDAQ: HLIT) will release its third quarter 2021 financial results on November 1, 2021, after market close. A live webcast discussing the results will take place at 2:00 p.m. PT on the same day. Investors can access the webcast on the Harmonic Investor Relations website, with audio available via phone at +1.800.240.9147 or +1.574.990.1032 (conference ID 7917716). A replay will be accessible after 5:00 p.m. PT. More company information can be found at harmonicinc.com.
Harmonic (NASDAQ: HLIT) announced the launch of its new Jetty 60G-capable remote switch, enhancing fiber-to-the-home (FTTH) capabilities. This innovation aims to improve broadband deployment, particularly in rural areas, while promoting economic growth. Jetty allows operators to deploy high-bandwidth services with greater efficiency and lower costs by utilizing existing infrastructure. The switch can house two Jetty units inside modular nodes, supporting up to six 10Gbps ports each. Harmonic's solutions currently power over 3 million cable modems for nearly 60 operators globally.
Harmonic (NASDAQ: HLIT) has integrated Google Cloud Marketplace into its CableOS® Cloud-Native Core Platform, enabling operators to access applications for deploying new revenue-generating services. This integration enhances the speed, efficiency, and cost-effectiveness of launching broadband offerings. With over 3 million cable modems powered across 60 operators globally, the CableOS Platform supports various infrastructure applications. This partnership with Google Cloud aims to boost service revenues and streamline resource management for cable operators.
Harmonic (NASDAQ: HLIT) introduced a new Flexible MAC Architecture (FMA) for its CableOS Cloud-Native Core Platform at the SCTE Cable-Tec Expo 2021. This innovation allows cable operators to deploy advanced DOCSIS MAC on various hardware platforms, enhancing flexibility in delivering multi-gigabit broadband. The FMA solution supports next-gen Remote PHY, Remote MAC-PHY, and PON devices, streamlining network operations and improving service quality. Harmonic's approach aims to address the growing demand for ultra-fast broadband while promoting sustainable deployment.
Harmonic (NASDAQ: HLIT) has deployed its CableOS® Cloud-Native Core Platform with SAFnet, a Danish broadband operator, to enhance 10G-capable fiber-to-the-home services. The solution integrates multi-access, virtualized edge cloud, and PON capabilities, lowering operational costs and promoting sustainability. SAFnet's new infrastructure supports high-bandwidth applications, ensuring network efficiency and future readiness for 10G speeds. Harmonic's analytics offer real-time visibility for improved service quality. The company will exhibit its solutions at the SCTE Cable-Tec Expo 2021 from Oct. 11-14.
Harmonic (NASDAQ: HLIT) will showcase its broadband innovations at the SCTE Cable-Tec Expo 2021 virtual event, highlighting its CableOS® Cloud-Native Core Platform. This platform enhances operators' agility and supports next-gen technologies like DOCSIS 4.0 and 10G PON. Key announcements include the Cloud-Native solutions for Flexible MAC, new PON offerings, and AI-based analytics. The event will also feature expert discussions on topics such as IPTV maturation and network latency on October 12-13. Harmonic aims to provide superior broadband experiences for subscribers.