MARKET COMPOSITE
HLIT - Harmonic, Inc.7:47:17 PM 4/25/2024
Price
$9.22
-0.21 (-2.17%)
Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet. Harmonic was initially incorporated in California in June 1988 as Harmonic Lightwaves, and reincorporated into Delaware in May 1995. Anthony J. Ley became chief executive in November 1988. Co-founder Moshe Nazarathy led a research and development center named "Harmonic Data" in Israel starting in 1993, funded in part by the Israel-U.S. Binational Industrial Research and Development Foundation.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue167.1MM+31%
Gross Profit81.9MM+33%
Cost Of Revenue85.2MM+30%
Operating Income9.6MM-212%
Operating Expenses72.2MM+3%
Net Income83.8MM-1391%
R&D30.3MM-0%
G&A42MM+7%
Amortization--
Interest Expense571K-8%
Stock Chart

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Stock news

    Harmonic (NASDAQ: HLIT) today announced it will release its first quarter 2024 financial results after the market close on Monday, April 29, 2024. 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/BI25a8c58a23b84db08431619b5ef84f3d.

    Harmonic (NASDAQ: HLIT) today announced that the company's VOS® Media Software is a validated cloud-native network function (CNF) on the Red Hat OpenShift. Media companies and service providers can now deploy any video streaming and broadcast workflows powered by VOS Media Software with the outstanding reliability, simplified operations, and added security capabilities offered by Red Hat OpenShift.

    Harmonic (NASDAQ: HLIT) today announced the successful implementation of its cloud-native VOS®360 Media SaaS for Chilean content provider Filmocentro, significantly optimizing playout and primary distribution operations. Partnering closely with Chilean telecommunications supplier Totaltel, Harmonic has enabled Filmocentro to achieve unparalleled efficiency, reliability and flexibility in its workflows.

    Harmonic (NASDAQ: HLIT) today announced a groundbreaking advancement in live sports streaming monetization with the introduction of in-stream advertising with new split-screen ad formats on its award-winning VOS®360 Ad SaaS. This innovative feature creates a new premium inventory for live sports streaming, enabling advertisers to reach viewers without disrupting the viewing experience while simultaneously empowering publishers to optimize monetization strategies for their sports content.

    Harmonic (NASDAQ: HLIT) today announced it will host a conference call on Thursday, April 11, 2024 at 1:30 p.m. PT to discuss recent company announcements.

    Harmonic Announces CEO Succession04-08-2024 20:30:00 PM

    Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman will retire as President and Chief Executive Officer, effective June 11, 2024. Nimrod Ben-Natan, currently Senior Vice President and General Manager of Harmonic's Broadband business, has been appointed as Mr. Harshman's successor by Harmonic's Board of Directors. Mr. Harshman will work with the Board and Mr. Ben-Natan to ensure a smooth transition.

    Harmonic (NASDAQ: HLIT) today announced it is bringing its leading-edge cloud and software-based appliance solutions to the 2024 NAB Show, redefining the standard for video streaming and broadcast delivery. The company will showcase AI-powered innovations for a variety of applications, including live sports streaming, targeted advertising, production and playout, and broadcast distribution, reaffirming its global leadership in video processing and delivery.

    To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...

    Harmonic (NASDAQ: HLIT) today announced the company will showcase its versatile solutions for high-speed fiber broadband service delivery at the FTTH Conference in Berlin. Harmonic's market-leading cOS® broadband platform and unique family of network edge devices enable operators to address a variety of deployment scenarios and effectively provide reliable broadband service to more subscribers and communities.

    Harmonic Inc. ( NASDAQ:HLIT ), is not the largest company out there, but it received a lot of attention from a...