Harmonic

Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Cable Access segment offers solutions to cable operators. The company was founded in June 1988 and is headquartered in San Jose, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Harmonic achieves record revenue in Q4 2022, poised for growth

Harmonic's Q4 2022 performance showcased record revenue and strong financial metrics, with a positive outlook for growth in 2023. Despite facing challenges in meeting growth targets and addressing analyst inquiries, the company's strategic focus on key segments and technologies presents promising opportunities for the future.

Harmonic posts robust Q1 results, eyes growth amid challenges

Harmonic's Q1 2023 performance reflects strong revenue and margin growth in Broadband and Video segments.
While facing challenges in revenue recognition timing and market share competition, Harmonic is well-positioned for growth.
Opportunities lie in partnerships, segment revenue expectations, and confidence in achieving financial targets.

Harmonic reports solid Q2 results, eyes growth in software and new markets

Harmonic's Q2 2023 performance showcased solid revenue and growth in Broadband and Video SaaS segments.
While facing challenges like soft hardware deliveries and increased expenses, the company remains optimistic about future prospects.
Strengths in software differentiation, customer relationships, and improved lead times position Harmonic for future success.
Opportunities lie in rebounding hardware deliveries, new Tier 1 wins, and DOCSIS 4.0 deployments for future growth.
Overall, Harmonic's focus on market drivers and execution underscores confidence in its long-term strategy.

Harmonic reports Q3 revenue growth in Video SaaS segment

Harmonic's Q3 performance reflected mixed results with revenue growth in Video SaaS but decline in broadband segment.
The company's strengths lie in technological advancements, revenue growth in Video SaaS, and optimism for sustained growth.
Challenges include revenue decline in broadband, book-to-bill ratio below one, and managing margin expectations.
Opportunities exist in strategic reviews, CableOS integration, customer diversification, and value creation for shareholders.

Harmonic achieves record revenue in Q4 2023, eyes growth opportunities

Harmonic's Q4 2023 earnings call highlighted solid performance, revenue growth, and strategic initiatives. While facing challenges related to inventory adjustments and margin impacts, the company's strengths in revenue diversification and deployment expertise position them for future growth opportunities.

Harmonic reports solid Q1 results, eyes growth in broadband market

Harmonic's Q1 performance reflects resilience with strong revenue, backlog, and growth initiatives despite challenges.
The company's strengths in market leadership, supply chain readiness, and strategic focus position it well for future opportunities.
Navigating challenges through urgency in network upgrades, customer transitions, and market dynamics will be key to sustained growth.

Harmonic exceeds Q2 revenue targets, eyes growth amid market challenges

Harmonic's Q2 2024 earnings call showcased robust financial performance, exceeding expectations and demonstrating growth across key segments.
While facing challenges in competitive markets and industry dynamics, the company's strengths in customer base expansion and product innovation position it well for future opportunities.
By addressing challenges, leveraging strengths, and capitalizing on growth opportunities, Harmonic aims to sustain its financial performance and market position in the coming quarters.

Harmonic achieves record Q3 results, eyes growth through innovation

Harmonic delivered exceptional Q3 results with record revenue and EBITDA, driven by strong performance in Broadband and Video segments.
While facing challenges in bookings and liquidity, the company's focus on innovation, social responsibility, and profitability positions it well for future growth.
Opportunities lie in leveraging technology advancements, expanding market reach, and strategic investments to sustain momentum and capitalize on emerging trends.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Broadband segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies. The Broadband segment offers solutions to cable operators broadband access solutions and related services, including cOS software-based broadband access solution, to broadband operators globally. The company was founded in June 1988 and is headquartered in San Jose, CA.

The mean of analysts' price targets for Harmonic (HLIT) points to a 25.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Harmonic (HLIT) Could Surge 25.15%: Read This Before Placing a Bet

Harmonic Inc. HLIT has announced that its software-based XOS Advanced Media Processor solution is implemented by Persidera to enhance video delivery workflows. Equipped with AI-driven video compression and quality optimization, the XOS processor allows Persidera to deliver clear, high-quality video at the lowest possible bitrates, added Harmonica.

Harmonic's (HLIT) XOS Media Processor Implemented by Persidera

SAN JOSE, Calif. , Aug. 21, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the reappointment of Dan Whalen to the company's board of directors, which he previously served on from 2021 to 2023.

Harmonic Reappoints Dan Whalen to its Board of Directors

Harmonic's Software-Based XOS Media Processor Simplifies the Migration to IP While Ensuring Unrivaled Video Quality SAN JOSE, Calif. , Aug. 21, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Persidera, a leading Italian media service provider, has deployed the company's XOS Advanced Media Processor to enhance video delivery for its customers.

Persidera Transforms Terrestrial Video Delivery Workflows with Harmonic

SAN JOSE, Calif. and COLOGNE, Germany , Aug. 15, 2024 /PRNewswire/ -- German broadcaster RTL Deutschland has added eight new free ad-supported streaming television (FAST) channels to its video streaming service, expanding the number of viewing options for customers of its streaming service RTL+.

RTL Deutschland Expands FAST Channel Offering with Harmonic and netorium

Running on the Public Cloud, Harmonic's DMS X SaaS Brings Industry-First Playout Control Capabilities to the Market-Leading XOS Advanced Media Processor SAN JOSE, Calif. , Aug. 14, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced DMS X, a new SaaS-based version of its Distribution Management System™ for the company's industry-leading XOS advanced media processor.

Harmonic Amps Up Primary Distribution with New SaaS-Based Management System

SAN JOSE, Calif. , Aug. 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Nimrod Ben-Natan, President and CEO of Harmonic, will participate in a fireside chat at the Rosenblatt 4th Annual Virtual Technology Summit, on Monday, August 19, 2024, at 11:00 a.m.

Harmonic to Participate in the Rosenblatt 4th Annual Virtual Technology Summit and the Jefferies Semiconductor, IT Hardware & Communications Technology Summit

The consensus price target hints at a 30.8% upside potential for Harmonic (HLIT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 30.77% Upside in Harmonic (HLIT): Can the Stock Really Move This High?

Harmonic beat revenue and EPS estimates in Q2 2024, prompting investors to bid the share price up sharply. However, investors should pay more attention to the anticipated, double-digit earnings this year and next year. HLIT stock gets Strong Buy rating from the Quant system, Wall Street analysts, and this Seeking Alpha analyst.

Harmonic Surges Briefly, But Pay More Attention To Rising Earnings

Archer Aviation

Alarm.com

AeroVironment

CRISPR Therapeutics

DraftKings

Iovance Biotherapeutics

Iridium Communications

Kratos Defense & Security Solutions

Rocket Lab USA

Big tech stocks cooled off in July, while smaller growth companies rallied. An anticipated rate cut could amplify this trend reversal in August and beyond.

10 Best Small and Mid-Cap Stocks to Consider Buying in August

Harmonic's VOS360 Media SaaS-based Solution Simplifies Media Processing, Playout and Primary Distribution for New Sports Channel in Mexico SAN JOSE, Calif. , July 31, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Vivo Worldwide Productions is powering Caliente TV, a new sports TV channel in Mexico, with Harmonic's comprehensive playout and distribution solution.

Vivo Worldwide Productions Taps Harmonic to Power Caliente TV Sports Channel

The company's revenue and earnings were down compared to Q2 2023. But they were ahead of Wall Street's estimates.

Why Harmonic Stock Is Soaring Today

Harmonic Inc. (NASDAQ:HLIT ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Nimrod Ben-Natan - President and Chief Executive Officer Walter Jankovic - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities George Notter - Jefferies Tim Savageaux - Northland Capital Markets Operator Welcome to the Second Quarter 2024 Harmonic Earnings Conference Call. My name is Amy, and I will be your operator for today's call.

Harmonic Inc. (HLIT) Q2 2024 Earnings Call Transcript

Harmonic (HLIT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.12 per share a year ago.

Harmonic (HLIT) Q2 Earnings and Revenues Surpass Estimates

SAN JOSE, Calif. , July 29, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Telecentro, a leading telecommunications operator in Argentina, has selected Harmonic's industry-leading cOS™ broadband platform to modernize its broadband network.

Telecentro Chooses Harmonic to Evolve Its Broadband Network

Revenue of $138.7 million up 14% quarter over quarter at high end of guidance Reaffirming Broadband and Video Full Year Revenue Guidance SAN JOSE, Calif. , July 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2024.

Harmonic Announces Second Quarter 2024 Results

SAN JOSE, Calif. , July 23, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it has expanded the company's board of directors with the appointment of Neel Dev.

Harmonic Appoints Neel Dev to its Board of Directors

Being Showcased at Fiber Connect 2024, Harmonic's cOS Virtualized Core Software and Pier OLT Shelf Enable 10G Connectivity, Third-Party ONU/ONT Support and Cost Efficiencies SAN JOSE, Calif. , July 23, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Paragould Municipal Utilities in Arkansas, has selected Harmonic's industry-leading cOS™ broadband platform for high-speed fiber broadband delivery.

Paragould Municipal Utilities Leaps Ahead to XGS-PON with Harmonic

Harmonic to Showcase Versatile Fiber Solutions That Simplify Deployments and Generate Savings for Service Providers SAN JOSE, Calif. , July 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that the company will demonstrate its latest fiber broadband innovations for high-speed broadband service delivery at Fiber Connect 2024 in Nashville, Tennessee.

Harmonic Unleashes Fiber Broadband Innovation at Fiber Connect 2024

SAN JOSE, Calif. , July 15, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its second quarter 2024 financial results after the market close on Monday, July 29, 2024.

Harmonic Announces Reporting Date for Second Quarter 2024 Results

Nexstar Media Group

Star Bulk Carriers

Amid the rush of mainstream investments, certain jewels in the stock market scene frequently go undiscovered. These three overlooked stocks are promising, but many investors remain unaware.

3 Overlooked Stocks on the Edge of an Unstoppable Surge

Harmonic (HLIT) and 44p unite to transform video delivery infrastructure, focusing on optimized distribution of Ultra High-Definition content.

Harmonic (HLIT) Collaborates With 44p to Enhance UHD Playout

SAN JOSE, Calif., June 26, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that 44p, a Germany-based media production company, is elevating its UHD playout, media processing and distribution with Harmonic's XOS Advanced Media Processor.

44p Selects Harmonic for Efficient UHD Playout, Media Processing and Distribution

Arista Networks

Ooma

Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, HLIT and OOMA are well-positioned to make the most of the demand for seamless connectivity solutions.

3 Communication Stocks Set to Ride on Fiber & Cloud Thrust

Investors need to pay close attention to Harmonic (HLIT) stock based on the movements in the options market lately.

News for Harmonic Stock (HLIT)