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 today that CEO Patrick J. Harshman will join a fireside chat at the Jefferies Virtual Software Conference on September 15, 2020, at 3:00 PM PT. The management team will also attend two other conferences: the Jefferies Semiconductor Summit on September 1 and the Colliers Institutional Investor Conference on September 10. A replay of the fireside chat will be available on Harmonic's website for 90 days. Harmonic is a leader in virtualized cable access and video delivery solutions, enhancing video streaming and internet services worldwide.
Harmonic Inc. reported a Q2 2020 revenue of $74.0 million, a 12.8% decline year-over-year. Despite this, the company saw significant growth in its Cable Access revenue, which surged 100% to $26.5 million, and a 4.3% increase in SaaS and service revenue, totaling $31.8 million. The gross margin was 51.0%. Operating losses increased to $9.6 million GAAP, with an EPS loss of $0.16. Cash reserves improved by $19.6 million to $77.7 million. The company anticipates a profitable second half of the year.
Harmonic (NASDAQ: HLIT) announced Vodafone's rollout of its Gigabit internet service across Germany, utilizing Harmonic's CableOS virtualized access solution. Vodafone, Europe's largest cable operator, is increasing gigabit household access as part of its digital transformation. Harmonic's technology enables efficient deployment and scalability of gigabit networks. This adoption highlights Harmonic's position as a leader in cable broadband technology.
Harmonic (NASDAQ: HLIT) has partnered with SES to upgrade technology related to the C-band transition for 5G. This alliance involves deploying Harmonic's XOS media processing and XOS Edge transcoding solutions, ensuring SES's C-band customers can maintain video service quality. The deployment aligns with SES's plan filed with the FCC on June 19, 2020, and is expected to enhance bandwidth efficiency in satellite delivery networks. This partnership is pivotal for the communications sector, aiding the transition to 5G while safeguarding critical video services.
Harmonic (NASDAQ: HLIT) partners with Millicom (NASDAQ: TIGO) to develop a cloud-based wireline broadband architecture in Latin America. Harmonic's CableOS® solution will be deployed across nine countries, supporting Millicom's expansion goal of adding over 1 million new homes annually. This partnership aims to enhance broadband capacity and adapt to increasing internet consumption. Millicom's strategy incorporates a hybrid centralized and distributed access approach, ensuring flexibility and responsiveness to market demands.
Harmonic Inc. (NASDAQ: HLIT) is set to release its second quarter 2020 financial results post-market on August 3, 2020. The company will host a live webcast at 2:00 p.m. PT to discuss the results, which can be accessed via its Investor Relations website. Harmonic is a leader in virtualized cable access and video delivery solutions, focusing on enabling ultra-high-quality video streaming and gigabit internet services. The press release emphasizes the company's innovative approaches to content delivery in a rapidly evolving digital landscape.