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) 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.
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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.
Harmonic (NASDAQ: HLIT) announced that Mowies, a LATAM-based on-demand media platform, is optimizing its workflow using Harmonic's VOS360 cloud streaming service. This solution allows Mowies to enhance its offerings for creators of various content types while adopting a pay-as-you-grow model. The VOS360 enables better bandwidth optimization and an improved viewing experience. Additionally, Mowies can reduce storage and CDN requirements by up to 50% with Harmonic's EyeQ encoding technology, ensuring lower streaming costs and a faster time-to-market.
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.