Profile
Sector:
TechnologyIndustry:
Communication EquipmentCountry:
United StatesIPO:
23 May 1995Website:
http://www.harmonicinc.comNext earnings report:
29 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:59:26 GMTDividend
Analysts recommendations
Institutional Ownership
HLIT Latest News
Harmonic Inc. posted strong Q3 results with a Non-GAAP EPS of $0.26 and revenue of $195.76 million, driven by Broadband's DOCSIS 4.0 rollout. Despite growth, concerns include project delays, heavy reliance on major clients, and potential profit margin flattening, leading to a cautious outlook. Video segment profitability improved, but revenue dipped slightly; financials show strong cash position but expect margin fluctuations and inventory increases.
Harmonic Inc. (NASDAQ:HLIT ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants David Hanover - IR Nimrod Ben-Natan - President & CEO Walter Jankovic - CFO Conference Call Participants Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities Tim Savageaux - Northland Capital Markets Simon Leopold - Raymond James George Notter - Jefferies Operator Welcome to the Third Quarter 2024 Harmonic Earnings Conference Call. My name is Josh, and I will be your operator for today's call.
Harmonic (HLIT) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to break-even earnings per share a year ago.
Record revenue with Broadband revenue up 92% year over year Video returned to profitability with greater than 10% Adjusted EBITDA margin SAN JOSE, Calif. , Oct. 28, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2024.
SAN JOSE, Calif. , Oct. 14, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its third quarter 2024 financial results after the market close on Monday, October 28, 2024.
The Company's New FTTH Deployment Options for BEAD Shorten Project Timelines Leveraging Existing Network Infrastructure SAN JOSE, Calif. , Sept. 24, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced its Broadband Equity, Access and Deployment (BEAD) solutions enable broadband operators to deploy high-speed fiber-to-the-home (FTTH) services faster, utilizing the domestically manufactured Fin remote OLT (R-OLT) in conjunction with an operator's existing network edge devices.
Expanded Testing and Strategic Partnerships Simplify Interoperability Between Third-Party ONU and OLT Devices SAN JOSE, Calif. , Sept. 24, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced expanded efforts to improve interoperability between optical network units (ONU) and optical line terminals (OLT) for fiber broadband deployment.
SAN JOSE, Calif. , Sept. 19, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that U.S. service provider Bluepeak Fiber is taking a major step toward future-proofing its broadband network with Harmonic's industry-leading cOS™ virtualized broadband platform.
Harmonic secures validation for its VOS360 Ad solution from FreeWheel. This will enhance HLIT's commercial prospects in the SSAI Ad space.
Harmonic to Showcase Brilliant Fiber and DOCSIS Networks, Enabling Multigigabit Speeds Over Any Wire SAN JOSE, Calif. , Sept. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that the company will demonstrate its intelligent ecosystem for fiber and DOCSIS networks powered by the cOS™ virtualized broadband platform at SCTE TechExpo24.
What type of business is Harmonic?
Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.
What sector is Harmonic in?
Harmonic is in the Technology sector
What industry is Harmonic in?
Harmonic is in the Communication Equipment industry
What country is Harmonic from?
Harmonic is headquartered in United States
When did Harmonic go public?
Harmonic initial public offering (IPO) was on 23 May 1995
What is Harmonic website?
https://www.harmonicinc.com
Is Harmonic in the S&P 500?
No, Harmonic is not included in the S&P 500 index
Is Harmonic in the NASDAQ 100?
No, Harmonic is not included in the NASDAQ 100 index
Is Harmonic in the Dow Jones?
No, Harmonic is not included in the Dow Jones index
When was Harmonic the previous earnings report?
No data
When does Harmonic earnings report?
The next expected earnings date for Harmonic is 29 January 2025