Harmonic Inc Stock Price, News & Analysis

Harmonic (NASDAQ: HLIT) has unveiled new origin capabilities for video streaming, introducing a breakthrough solution that combines cloud and on-premises storage functionality. The innovation is available through their VOS® family and XOS Advanced Media Processor.

The hybrid approach leverages VOS360 Media SaaS and VOS Media Software to utilize cloud storage for less accessed content while maintaining on-premises storage for fresh video assets. The system automatically transfers older content, including nPVR assets, to cloud storage.

For broadcasters, Harmonic has integrated live and time-shift origin capabilities within the XOS Advanced Media Processor, enabling direct content streaming to CDNs using a single appliance. This streamlined solution reduces operational complexity and hardware costs while offering easy deployment for live and time-shift content.

Harmonic (NASDAQ: HLIT) announced that Weigel Broadcasting is implementing Harmonic's VOS® Media Software for streamlined video distribution. The cloud-native software solution provides comprehensive playout-to-delivery capabilities, including ATSC 1.0 centralcasting.

Key benefits of the implementation include:

• Scalable software-driven approach replacing traditional hardware infrastructure
• Simplified workflow for ingest, centralcasting, playout, branding, encoding, and distribution
• Cost-efficient station expansion through compute power scaling
• Advanced features including delay-line, PSIP fetch, Nielsen watermarking, and AI captioning

The solution enables Weigel to monitor playlists and automate channel delivery via web interface, eliminating complex automation systems. The broadcaster can now efficiently expand its station lineup based on data center capacity while streamlining operations.

Harmonic (NASDAQ: HLIT) has announced that Astound Broadband, the sixth largest MSO in the U.S. with over one million subscribers, has chosen Harmonic's cOS™ virtualized broadband platform to modernize its network infrastructure. The partnership aims to enhance broadband connectivity and efficiency.

Astound will implement Harmonic's cOS platform in a distributed access architecture (DAA) with Pebble Remote PHY Device. The software-powered platform offers:

• Faster service deployment
• Unified platform for DOCSIS and future PON/FTTH deployments
• Reduced hardware requirements
• Power, space, and cost efficiencies

The implementation includes cOS Central for advanced analytics and automation, providing real-time visibility and proactive issue resolution. Harmonic's cOS platform currently serves over 33 million homes worldwide across North America, Europe, Latin America, and Asia.

Harmonic (NASDAQ: HLIT) announced that its VOS360 Media SaaS and VOS360 Ad SaaS solutions are now qualified on Akamai Cloud. This qualification enhances deployment efficiency for playout, broadcast, and video streaming workflows. The collaboration includes VOS360 Media SaaS powering the upcoming Akamai Media Services Live 5, a comprehensive suite for live event broadcasting and linear streaming.

As part of the Akamai Qualified Compute Partner Program, this partnership offers content owners and broadcasters end-to-end video streaming solutions that accelerate market entry while reducing ownership costs. The VOS360 Media SaaS streamlines media processing and delivery for premium services, while VOS360 Ad SaaS handles personalized ad delivery. The solutions utilize Akamai's distributed edge and cloud platform to ensure quality viewing experiences.

Harmonic (NASDAQ: HLIT) reported record Q4 2024 results with total revenue of $222.2 million, up 33% year over year. The company achieved record quarterly Adjusted EBITDA of $71.8 million. Broadband segment revenue reached $171.0 million, while Video segment revenue was $51.1 million.

The company announced a new $200 million share repurchase program through February 2028, doubling its previous program. Q4 GAAP net income was $38.1 million ($0.32 per share), and non-GAAP net income was $52.4 million ($0.45 per share). The company's cash position strengthened to $101.5 million.

For 2025 guidance, Harmonic expects total revenue between $585-645 million, with GAAP net income per share of $0.19-$0.45. Management noted that 2025 Broadband revenue guidance reflects temporary shifts in customer deployment timing during the transition to Unified DOCSIS 4.0, with growth expected to resume in 2026.

Harmonic (NASDAQ: HLIT) has announced it will release its fourth quarter and full year 2024 financial results after market close on Monday, February 10, 2025. The company will host a live webcast to discuss the results at 2:00 p.m. PT on the same day.

Participants can join via telephone by registering in advance through the provided link. Upon registration, they will receive dial-in details and a unique registrant ID. The webcast will be accessible through Harmonic's Investor Relations website, with participants advised to join 15 minutes before the call. A replay will be available on the website after 5:00 p.m. PT.

Two Wheels Motor Racing (TWMR) in Malaysia has partnered with Harmonic (NASDAQ: HLIT) to streamline its live sports distribution across Asia. The company is implementing Harmonic's VOS®360 Media SaaS, ViBE CP9000 contribution encoder, and ProView 8100 IRD to deliver high-quality video streams to affiliates over the internet.

The migration from satellite to internet-based distribution has resulted in reduced dependency on satellites and lower delivery costs. Harmonic's solution provides reliable live sports delivery through a state-of-the-art routing system, offering ultra-low latency and pristine video quality for large-scale events.

Sercomm and Harmonic have announced a strategic collaboration to advance DOCSIS 4.0 unified technologies. This partnership will see Sercomm introduce new DOCSIS 4.0 Unified Amplifiers, leveraging Harmonic's expertise in FDX and unified nodes. According to James Wang, CEO of Sercomm, this collaboration will enhance network performance for service providers by reducing time to market and accelerating the deployment of cutting-edge broadband technologies.

The collaboration aims to enable symmetrical upstream and downstream data speeds, improve interoperability between network components, and reduce integration complexities for service providers. This seamless interoperability allows operators to maximize their existing infrastructure while transitioning to DOCSIS 4.0, ensuring faster, more reliable deployments with minimized risks.

Nimrod Ben-Natan, CEO of Harmonic, highlighted that this partnership will empower operators to rapidly evolve their networks and offer high-performance services to their customers. The improved time to market and enhanced interoperability between Harmonic's unified nodes and Sercomm's amplifiers are expected to provide a competitive edge in the rapidly evolving broadband landscape.

Harmonic (NASDAQ: HLIT) has announced its participation in two major investor conferences this December. President and CEO Nimrod Ben-Natan and CFO Walter Jankovic will conduct a fireside chat at the Raymond James 2024 TMT and Consumer Conference in New York on December 9, 2024, at 8:20 a.m. PT. Additionally, Jankovic will attend investor meetings at the Barclays 2024 Global Technology Conference in San Francisco on December 12, 2024.

The fireside chat will be available via live audio webcast on Harmonic's investor relations website, with the recording remaining accessible for 30 days afterward.