Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's 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 software-as-a-service (SaaS) solutions, which enables the packaging and delivery of high-quality streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to any device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. Harmonic Inc. was incorporated in 1988 and is headquartered in San Jose, California.
IPO Year: 1995
Exchange: NASDAQ
Website: harmonicinc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/10/2023 | $15.00 → $16.00 | Outperform → Strong Buy | Raymond James |
1/9/2023 | $14.25 → $19.00 | Hold → Buy | Jefferies |
5/24/2022 | $15.00 | Buy | Rosenblatt |
4/21/2022 | $11.00 | Equal Weight → Overweight | Barclays |
11/2/2021 | $13.00 → $14.00 | Buy | Needham |
11/2/2021 | $11.00 → $12.00 | Outperform | Raymond James |
8/3/2021 | $9.00 → $11.00 | Outperform | Raymond James |
8/3/2021 | $8.00 → $9.00 | Equal-Weight | Barclays |
8/3/2021 | $9.50 → $13.00 | Buy | Needham |
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. The latest broadband innovations from Harmonic enable operators to deliver multigigabit speeds with unparalleled reliability, paving the way for new revenue opportunities and strengthening subscriber loyalty. "To thrive in the compet
Harmonic's VOS®360 Ad SaaS has been Officially Integrated with FreeWheel for Server-Side Ad Insertion and In-Stream Advertising SAN JOSE, Calif., Sept. 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) is pleased to announce that its VOS®360 Ad SaaS has been officially integrated with FreeWheel's platform for server-side ad insertion (SSAI) and in-stream advertising. This incorporation ensures reliable performance within the ecosystem of FreeWheel, the global technology platform for the advertising industry, exposing streaming platforms and broadcasters to enhanced, dynamic ad experiences across live and on-demand video streams.
Harmonic's Software-Based Solutions Achieve Unprecedented Performance, Energy Efficiency and Cost Savings SAN JOSE, Calif., Sept. 12, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that the company will showcase the latest generation of appliances for its XOS Advanced Media Processor and Spectrum X Media Server at IBC2024, driving new efficiencies for production, playout, video streaming and broadcast delivery workflows. The next-generation XOS media processor enables 50% more channel encoding and transcoding than the previous generation, while the Spectrum X media server doubles channel density for most workflows, representing a breakthrough in energy efficiency and cost savin
SAN JOSE, Calif., Sept. 10, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that it will unveil groundbreaking new features for the company's VOS® family at IBC2024, enabling simpler video streaming and broadcast delivery, increased monetization and elevated viewer engagement. The latest innovations include a new AI speech-to-text capability for caption creation on VOS360 Media SaaS, state-of-the-art server-guided ad insertion (SGAI) technology on VOS360 Ad SaaS, and JPEG-XS live source support and tiered storage for Origin applications on VOS Media Software. "We a
Harmonic's VOS360 Media SaaS to Enable TOD with Low-Latency Live Sports Streaming with Superior Video Quality SAN JOSE, Calif. and DOHA, Qatar, Sept. 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) and TOD, a premier sports and entertainment platform for the MENA region by beIN MEDIA GROUP, are pleased to announce a strategic partnership that elevates live sports streaming. By leveraging Harmonic's cloud-native VOS®360 Media SaaS, TOD aims to enhance the viewer experience for live sports fans across the region through unmatched agility, reliability, security and scalability. Ja
Harmonic's Cloud and Software-Based Appliance Solutions Drive Revenue Growth, Better Viewing Experiences and Cost Savings SAN JOSE, Calif., Aug. 29, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) is set to showcase a wide range of cloud and software-based innovations at IBC2024, reinforcing its position as the worldwide leader in video processing and delivery. The company will demonstrate innovations for production and playout, broadcast and distribution, live sports streaming and content monetization to help service providers and broadcasters boost their revenues, elevate viewing experiences and minimize video infrastructure costs.
SAN JOSE, Calif., Aug. 28, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Globo, the largest media conglomerate in Brazil, is migrating its playout workflow to the cloud with Harmonic. As a comprehensive solution with powerful channel playout, advanced branding, transcoding and delivery capabilities, Harmonic's cloud-native VOS® Media Software enables Globo to launch linear playout channels faster, increase its workflow efficiencies and reduce expenses. "Today, Globo's linear channels reach over 100 million people across multiple platforms, and we want to con
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. "I'm very pleased to welcome Dan back to our board," said Nimrod Ben-Natan, president and CEO of Harmonic. "Dan made valuable contributions when he first joined, and his extensive management experience and deep knowledge of the broadband and video industries will greatly benefit our strategic business and growth initiatives." Mr. Whalen was most recently the president a
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. Featuring AI-powered video compression and quality optimization technology, Harmonic's XOS media processor enables Persidera to reliably deliver crystal-clear video quality at the lowest possible bitrates. "When designing
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+. The new FAST channels are powered by Harmonic's VOS®360 Media SaaS, which simplifies all stages of media processing, including advanced playout, powerful graphics insertion, premium OTT encoding and distribution. Integrating additional FAST channels into RTL Deutschland's existing ecosy
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Raymond James upgraded Harmonic from Outperform to Strong Buy and set a new price target of $16.00 from $15.00 previously
Jefferies upgraded Harmonic from Hold to Buy and set a new price target of $19.00 from $14.25 previously
Rosenblatt initiated coverage of Harmonic with a rating of Buy and set a new price target of $15.00
Barclays upgraded Harmonic from Equal Weight to Overweight and set a new price target of $11.00
Needham reiterated coverage of Harmonic with a rating of Buy and set a new price target of $14.00 from $13.00 previously
Raymond James reiterated coverage of Harmonic with a rating of Outperform and set a new price target of $12.00 from $11.00 previously
Raymond James reiterated coverage of Harmonic with a rating of Outperform and set a new price target of $11.00 from $9.00 previously
Barclays reiterated coverage of Harmonic with a rating of Equal-Weight and set a new price target of $9.00 from $8.00 previously
Needham reiterated coverage of Harmonic with a rating of Buy and set a new price target of $13.00 from $9.50 previously
Needham initiated coverage of Harmonic with a rating of Buy and set a new price target of $9.50
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. "I'm delighted to welcome Neel to our board," said Nimrod Ben-Natan, president and CEO of Harmonic. "His extensive finance and operational leadership experience in the telecom and broadband industries make him an excellent addition, as we continue to drive profitable growth in our broadband and video businesses globally." Mr. Dev currently serves as the chief financial officer and chief revenue officer of Cong
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. He was most recently senior vice president and general manager, datacom business unit, at Lumentum, a provider of optical and photonic products. Prior to this, he served as president, optical connectivity, at Oclaro, Inc. (acquired by Lumentum). Previously, Mr. Jankovic served in a number of seni
Company Appoints Susan Swenson Executive Chairperson to Provide Oversight of the Senior Executive Leadership Team Internal Controls Strengthened as Board of Directors Implements Special Committee Actions Faraday Future Intelligent Electric Inc. ("Faraday Future" or the "Company") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that the special committee of independent Company directors (the "Special Committee") has completed its previously announced investigation into allegations of inaccurate disclosures, including claims contained in a short seller report issued during October 2021. Based on its work, the Special Commit
SAN JOSE, Calif., Aug. 5, 2021 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it has expanded the company's board of directors with the appointment of Dan Whalen. "I'm pleased to welcome Dan to our board," said Patrick Harshman, president and CEO of Harmonic. "With his senior management experience and extensive knowledge of the broadband and video industries, we look forward to Dan's contributions as we continue to grow our cable access and video businesses." Mr. Whalen is currently the President and CEO of ATX Networks, a global provider of network infrastructure sy
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. "Our second quarter revenue was at the high end of our guidance range while profitability in both businesses exceeded our expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "These results demonstrate strong execution in both our Broadband and Video businesses as
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 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/BI0a4873336ead4b6c81df331d35635fb3. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including
Results in Line with GuidanceReaffirming Broadband Full Year Revenue GuidanceIncreasing Full Year Video EBITDA Guidance SAN JOSE, Calif., April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the first quarter of 2024. "Our first quarter results were within our guidance range and largely driven by our Broadband business," said Patrick Harshman, president and chief executive officer of Harmonic. "Based on these results, our record backlog and deferred revenue, and our restructuring actions in Video to address market conditions and
SAN JOSE, Calif., April 15, 2024 /PRNewswire/ -- 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. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including t
SAN JOSE, Calif., April 9, 2024 /PRNewswire/ -- 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. To participate via telephone, please register in advance using this link,https://register.vevent.com/register/BI7c5189f64d0643b186ec2565e8edd2b5. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including the dial-in number and a unique registrant ID. The live webcast will be available via Harmon
Record quarterly total revenue of $167.1 million, up 31% quarter over quarter Broadband revenue up 20% and Video SaaS revenue up 26% year over year SAN JOSE, Calif., Jan. 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2023. "Harmonic finished 2023 with another quarter of solid performance, including record total company and Broadband revenue, driven by strong demand for our market-leading technology solutions," said Patrick Harshman, president and chief executive officer of Ha
SAN JOSE, Calif., Jan. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its fourth quarter and full year 2023 financial results after the market close on Monday, January 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/BI52aab14160c44ed3aaa1715d3e4dea8e. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the web
Broadband revenue up 20% and Video SaaS revenue up 58% year over year 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 head
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. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast,
Broadband revenue up 23% and Video SaaS revenue up 72% year over year 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." Q1 F
Across the recent three months, 4 analysts have shared their insights on Harmonic (NASDAQ:HLIT), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $18.0, along with a high esti
In the latest quarter, 4 analysts provided ratings for Harmonic (NASDAQ:HLIT), showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Harmonic, presenting an average target of $18.0, a high estimate of $18.00, and a low estimate of $18.00. No alteration is observed as the current average remains at
Rosenblatt analyst Steve Frankel maintains Harmonic (NASDAQ:HLIT) with a Buy and maintains $18 price target.
Throughout the last three months, 5 analysts have evaluated Harmonic (NASDAQ:HLIT), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 2 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Harmonic, presenting an average target of $18.0, a high estimate of $18.00, and a low estimate of $18.00. No alteration is observed
Needham analyst Ryan Koontz reiterates Harmonic (NASDAQ:HLIT) with a Buy and maintains $18 price target.
Needham analyst Ryan Koontz reiterates Harmonic (NASDAQ:HLIT) with a Buy and maintains $18 price target.
Harmonic (NASDAQ:HLIT) today announced the launch of its new the Pearl Remote Optical Line Termination (R-OLT) module for fiber broadband service delivery from Harmonic's versatile Ripple and Oyster node enclosures. Pearl R-OLT is Harmonic's latest innovation and joins the company's broad ecosystem of fiber and DOCSIS edge devices powered by the cOS™ virtualized core.
Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) fell sharply during Tuesday's session following mixed first-quarter results. H&E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from Benzinga Pro. H&E Equipment Services shares dipped 18.2% to $48.45 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Akili, Inc. (NASDAQ:AKLI) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to mak
Gainers Marin Software (NASDAQ:MRIN) shares moved upwards by 24.1% to $3.24 during Tuesday's regular session. The market value of their outstanding shares is at $9.7 million. Focus Universal (NASDAQ:FCUV) shares moved upwards by 20.15% to $0.35. The company's market cap stands at $22.6 million. E2open Parent Holdings (NYSE:ETWO) shares moved upwards by 16.07% to $4.95. The market value of their outstanding shares is at $1.5 billion. The company's, Q4 earnings came out yesterday. VerifyMe (NASDAQ:VRME) stock rose 15.73% to $2.28. The company's market cap stands at $23.1 million. Harmonic (NASDAQ:HLIT) shares increased by 14.26% to $10.74. The market value of their outstanding shares is a
U.S. stocks were lower, with the Dow Jones index falling over 100 points on Tuesday. Shares of Eli Lilly and Company (NYSE:LLY) rose sharply during Tuesday's session after the company raised its FY24 revenue guidance. Eli Lilly reported first-quarter revenue of $8.77 billion, up 26% year over year, marginally missing the consensus of $8.92 billion, driven by increases of 16% in volume and 10% due to higher realized prices. Eli Lilly posted an adjusted EPS of $2.58, beating the consensus of $2.46, higher than $1.62 a year ago, according to data from Benzinga Pro. Eli Lilly forecasts fiscal year 2024 sales of $42.4 billion -$43.6 billion versus prior guidance of $40.4 billion-$41.6 bi