Harmonic Inc Stock Price, News & Analysis

Harmonic (NASDAQ: HLIT) announced a cooperation agreement with Scopia Capital Management on April 12, 2021. The agreement allows Scopia to appoint two directors to Harmonic's board within the year and supports the company's nominees for the upcoming annual meeting. CEO Patrick Harshman expressed optimism about growth in the Cable Access and Video segments, highlighting the innovative solutions Harmonic brings to the market. The complete agreement will be detailed in a Current Report on Form 8-K.

Harmonic (NASDAQ: HLIT) announced participation in the 42nd Annual Raymond James Virtual Institutional Investors Conference on March 2, 2021, at 9:30 a.m. PT. Chief Financial Officer Sanjay Kalra and Senior Vice President Jeremy Rosenberg will engage in a fireside chat, which will be available via live audio webcast on Harmonic's investor website. An archived version will be accessible for 90 days post-event. Harmonic is a leader in virtualized cable access and video delivery solutions, enabling high-quality video streaming and gigabit internet services.

Harmonic (NASDAQ: HLIT) announced that Seaside Communications, based in Nova Scotia, is enhancing its broadband services by adopting Harmonic's CableOS Platform. This virtualized access technology addresses increased internet demand due to remote work and learning, alleviating network congestion. The deployment includes both new Ripple R-PHY nodes and existing HFC outdoor nodes, allowing for rapid scalability and cost efficiency. Harmonic's technology aims to improve customer experience and reduce operational costs, positioning Seaside Communications for future growth in broadband capabilities.

Harmonic Inc. (NASDAQ: HLIT) reported Q4 2020 revenues of $131.5 million, a 7.7% year-over-year increase. The Cable Access segment generated $45.5 million (+5.8%), while the Video segment reached $86.0 million (+8.7%). Gross margin improved to 54.4% GAAP and 55.3% non-GAAP, up from 50.5% and 52.3% respectively, year-over-year. Net income rose to $13.5 million GAAP ($0.13 EPS) and $20.0 million non-GAAP ($0.20 EPS). Record bookings of $206.4 million and a backlog of $290.5 million indicate strong momentum entering 2021.

Harmonic (NASDAQ: HLIT) will release its fourth quarter and full year 2020 financial results on February 1, 2021, after market close. A live webcast discussion will be held at 2:00 p.m. PT the same day. Investors can access the event via the Harmonic Investor Relations website. A replay of the webcast will be available after 5:00 p.m. PT. Harmonic is a leader in virtualized cable access and video delivery solutions, enhancing streaming and broadcast services globally.

Harmonic (NASDAQ: HLIT) has announced that its President and CEO, Patrick J. Harshman, will engage in a fireside chat at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 7:00 a.m. PT / 10:00 a.m. ET. A live video webcast of this event will be accessible on Harmonic's investor relations website, and an archived version will be available for 90 days post-event. Harmonic leads in virtualized cable access and video delivery solutions, offering high-quality streaming services globally.

Harmonic (NASDAQ: HLIT) announced that TWT Digital Communication, a major Taiwanese cable operator, has deployed its CableOS® Platform to enhance broadband services for over 500,000 homes. The solution supports high-speed DOCSIS 3.1 services and positions TWT for future advancements such as 5G and fiber-to-the-home. The deployment, which included quickly setting up virtualized CMTS software, optimizes network capacity and lowers operational costs. Harmonic's CableOS Central monitoring service ensures high-quality subscriber experiences. This initiative enhances TWT's broadband network and service quality.

Harmonic (NASDAQ: HLIT) announced its partnership with Edge Networks for the launch of the innovative Evoca television service, which aims to serve underserved areas in the U.S. The service integrates over-the-air ATSC 3.0 broadcasts with video streaming, delivering over 80 channels to subscribers. Harmonic's advanced technology, including the VOS®360 Live Streaming Platform and Electra® X live video processor, ensures high-quality video and efficient bandwidth usage. Evoca plans to expand its reach to millions of U.S. households in the coming years.