Harmonic Inc.

Harmonic Announces Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023
DOCSIS, GAAP, Harmonic Inc., SAN, Health care, Bank, Harmonic

SAN JOSE, Calif., Oct. 30, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2023.

Key Points: 
  • SAN JOSE, Calif., Oct. 30, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the third quarter of 2023.
  • "Today we reported third quarter results that were within our guidance range, despite the challenging macro-economic and carrier spending environment," said Patrick Harshman, president and chief executive officer of Harmonic.
  • Together with financial and legal advisors, we are assessing a range of alternatives for the Video business to better position Harmonic for long-term shareholder value creation.
  • Since the strategic review may cause some disruption to the business, we are conservatively guiding our Video business for Q4 2023.

Broadcast Equipment Market worth $6.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, September 15, 2023
Cloud, Stand-alone, Adequate Public Facilities Ordinance, HD, Component, Snap! (programming language), CommScope, ACAA, Defense, Rail transport, EVS Broadcast Equipment, Law enforcement, Evertz Microsystems, Television, Hosting, Transport, Frequency band, Government, Access control, II, Mobile, Cisco, Harmonic Inc., Telecommunications, RBAC, Investment, Services marketing, Hardware, Growth, Commercial, Cloud computing, Region, News, DAC, Bus, UHD, Automotive industry, Software, Drone, Geography

The increasing demand for top-tier video content, encompassing high-definition (HD) and ultra-high-definition (UHD) formats, underscores the criticality of encoders.

Key Points: 
  • The increasing demand for top-tier video content, encompassing high-definition (HD) and ultra-high-definition (UHD) formats, underscores the criticality of encoders.
  • This consistent demand for television content drives investments in broadcast equipment to ensure the delivery of high-quality programming.
  • North America to dominate broadcast equipment market during the forecast period.
  • North America is expected to dominate in the broadcast equipment industry during the forecast period.

Broadcast Equipment Market worth $6.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, September 15, 2023
Cloud, Stand-alone, Adequate Public Facilities Ordinance, HD, Component, Snap! (programming language), CommScope, ACAA, Defense, Rail transport, EVS Broadcast Equipment, Law enforcement, Evertz Microsystems, Television, Hosting, Transport, Frequency band, Government, Access control, II, Mobile, Cisco, Harmonic Inc., Telecommunications, RBAC, Investment, Services marketing, Hardware, Growth, Commercial, Cloud computing, Region, News, DAC, Bus, UHD, Automotive industry, Software, Drone, Geography

The increasing demand for top-tier video content, encompassing high-definition (HD) and ultra-high-definition (UHD) formats, underscores the criticality of encoders.

Key Points: 
  • The increasing demand for top-tier video content, encompassing high-definition (HD) and ultra-high-definition (UHD) formats, underscores the criticality of encoders.
  • This consistent demand for television content drives investments in broadcast equipment to ensure the delivery of high-quality programming.
  • North America to dominate broadcast equipment market during the forecast period.
  • North America is expected to dominate in the broadcast equipment industry during the forecast period.

LG CHANNELS EXPANDS ITS CHANNEL LINEUP WITH FIFA+ AND MORE

Retrieved on: 
Friday, August 11, 2023
Cosmos, Grace and Frankie, Music, WebOS, Life, Lionsgate, Survival, Head, LG Electronics, Fast Times, Maximum Effort, The Da Vinci Code, Sport, News, FuboTV, Laff, Fast Times at Ridgemont High, Heart, NFL, Demon, Angels & Demons, Series, Crime, Friends, Politics, Hope, Fast, XXX, Harmonic Inc., Royals, Imagination, Nonstop, Classic TV Game Show Themes, Workin' Moms, Catholic Church, Electronics, Drama, Medicine, History, Illuminati, Love, Heel, Water, LG, Vin Diesel, Partnership, St. Michael's Church, Furious, Woman, Channel, NSA, The Big Lebowski, Blue Crush, Kate Bosworth, Fast & Furious, Audrey Tautou, Entertainment, Film industry, Clothing, Vatican

The cult classic "The Big Lebowski" will also be available to watch for free, streaming exclusively on LG channels this month.

Key Points: 
  • The cult classic "The Big Lebowski" will also be available to watch for free, streaming exclusively on LG channels this month.
  • Also, new to the LG Channels lineup this month is FIFA+ where fans can watch and stream the greatest stories of the beautiful game.
  • LG Smart TV owners can easily discover their favorite programs by launching the LG Channels application on their LG TV's webOS platform.
  • Here's a deeper look at LG Channels' newest additions:
    Cosmos TV (556) (Harmonic Inc.) – Step into the vastness of the universe with Cosmos TV.

Harmonic Announces Second Quarter 2023 Results

Retrieved on: 
Monday, July 31, 2023
Harmonic Inc., EPS, GAAP, SAN, Bank, Harmonic

SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2023.

Key Points: 
  • SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2023.
  • "While we achieved double digit year over year Broadband and Video SaaS revenue growth and strong gross margins for the second quarter, we experienced hardware sales delays across our business segments resulting in total revenue that was below our expectations," said Patrick Harshman, president and chief executive officer of Harmonic.
  • "Despite these short-term headwinds, we have the largest backlog in our Company's history and our operating model continued to deliver solid profitability.
  • The strength of our market position was reinforced by several new customer wins which further supports our multi-year growth plan."

Harmonic Announces Reporting Date for Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 19, 2023
Telephone, Webcast, Harmonic Inc., Harmonic, SAN, ID, Internet service provider

SAN JOSE, Calif., July 19, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its second quarter 2023 financial results after the market close on Monday, July 31, 2023.

Key Points: 
  • SAN JOSE, Calif., July 19, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its second quarter 2023 financial results after the market close on Monday, July 31, 2023.
  • Harmonic will host a live webcast to discuss the company's results at 2:00 p.m. PT on the same day.
  • To participate via telephone, please register in advance using this link, https://register.vevent.com/register/BI455acac6063542fb837fd89bddfb1d84 .
  • For those unable to participate in the live event, a replay will be available on the same website after 5:00 p.m. PT.

Harmonic Appoints Walter Jankovic as Chief Financial Officer

Retrieved on: 
Monday, May 22, 2023
Oclaro, Software as a service, University, CMA, Harmonic Inc., SAN, CPA, Growth, Nortel, Management, Harmonic

SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has appointed Walter Jankovic as chief financial officer, effective immediately.

Key Points: 
  • SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has appointed Walter Jankovic as chief financial officer, effective immediately.
  • Mr. Jankovic brings over 30 years of executive experience from a range of leading technology companies.
  • "We are very pleased to welcome Walter to our team," said Patrick Harshman, president and chief executive officer of Harmonic.
  • "Walter is a seasoned executive with a proven track record of delivering strong financial and operating results at leading publicly-listed technology companies.

Europe Video Streaming Market Report 2023-2028 Featuring Ericsson, Cisco, Brightcove, Harmonic, Wowza, Amazon Web Services, IBM, Kaltura and Akamai Technology

Retrieved on: 
Friday, May 19, 2023
Component, IBM, Amazon Web Services, Research report, Internet, Expansion, Broadcasting, Akamai Technologies, Statistics, Wowza Streaming Engine, Ericsson, Research, USD, Consultant, Competition, Amazon, Harmonic Inc., SWOT, Nature, Porter's five forces analysis, Hardware, Disney Media and Entertainment Distribution, Growth, Video, BFSI, Netflix, Education, Video game, Music, Retail, Software

The Europe Video Streaming Market is expected to generate USD 50165.50 million by the end of 2028, up from USD 18758.60 million in 2021.

Key Points: 
  • The Europe Video Streaming Market is expected to generate USD 50165.50 million by the end of 2028, up from USD 18758.60 million in 2021.
  • During the forecast period, 2023-2028, the Europe Video Streaming market is expected to expand at a CAGR of 15.20%.
  • The report analyses the Video Streaming Market by Video Streaming Type (On Demand, Live).
  • The Global Video Streaming Market has been analysed by countries (Germany, United Kingdom, France, Italy, Spain, Rest of Europe).

Harmonic Announces First Quarter 2023 Results

Retrieved on: 
Monday, May 8, 2023
Harmonic Inc., EPS, Modem, GAAP, SAN, Bank, Harmonic

SAN JOSE, Calif., May 8, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2023.

Key Points: 
  • SAN JOSE, Calif., May 8, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2023.
  • "Harmonic delivered strong results for the first quarter of 2023 highlighted by record first quarter revenue and solid operating profit," said Patrick Harshman, president and chief executive officer of Harmonic.
  • "Broadband segment revenue rose 23% during the quarter while Video SaaS revenue growth was 72%, driven by strong demand for our products and services."
  • Operating income: GAAP income $11.2 million and non-GAAP income $18.7 million, compared to GAAP income $2.5 million and non-GAAP income $11.3 million in the year ago period
    Net income: GAAP net income $5.1 million and non-GAAP net income of $14.3 million, compared to GAAP net loss $1.5 million and non-GAAP net income $8.9 million in the year ago period
    EPS: GAAP net income per share of $0.04 and non-GAAP net income per share of $0.12, compared to GAAP net loss per share of $0.01 and non-GAAP net income per share of $0.08 in the year ago period
    CableOS® solution commercially deployed with 94 customers, serving 18.4 million cable modems

Harmonic Announces Reporting Date for First Quarter 2023 Results

Retrieved on: 
Wednesday, April 26, 2023
Telephone, Webcast, Harmonic Inc., Harmonic, SAN, ID, Internet service provider

SAN JOSE, Calif., April 26, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its first quarter 2023 financial results after the market close on Monday, May 8, 2023.

Key Points: 
  • SAN JOSE, Calif., April 26, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its first quarter 2023 financial results after the market close on Monday, May 8, 2023.
  • Harmonic will host a live webcast to discuss the company's results at 2:00 p.m. PT on the same day.
  • To participate via telephone, please register in advance using this link, https://register.vevent.com/register/BI27af922f502842a78acef34a5ae0c048 .
  • For those unable to participate in the live event, a replay will be available on the same website after 5:00 p.m. PT.