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. reports developments in broadband access and video delivery technology for service providers, media companies, broadcasters and streamers. Its updates commonly cover virtualized broadband networking, fiber deployment tools, AI-powered network operations intelligence, remote OLT infrastructure, and the cOS platform used by broadband operators.
Harmonic news also includes video workflow software and media processing products such as VOS Media Software, XOS Advanced Media Processor, hybrid streaming solutions, and AI orchestration for live video workflows. Recurring company announcements address customer deployments, product introductions, industry conference participation, earnings releases, and investor presentations.
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.
Harmonic has partnered with Taiwan-based ICCDS to implement its CableOS Cloud-Native Core Platform, paving the way for 10G broadband services. This integration aims to enhance operational efficiency by merging fiber-to-the-home (FTTH) and HFC DOCSIS 3.1 networks, catering to the rising demand for high-bandwidth applications. The deployment, featuring a distributed access architecture and cloud management, promises rapid service rollout and improved customer experience. Harmonic currently powers over 3 million cable modems globally, underscoring its leadership in the broadband solutions market.
Harmonic (NASDAQ: HLIT) will host the ACHIEVE 2021 online summit on Sept. 29-30, focusing on innovations in video streaming. The event aims to share insights on cloud streaming, monetization, and distribution strategies with media companies and industry leaders. Key sessions will feature case studies from Bally Sports, Schurz Communications, and more, addressing topics like personalization and targeted advertising. For agenda details and registration, visit the official page.