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 |
|---|---|---|---|
| 2/21/2025 | Hold | Jefferies | |
| 10/29/2024 | Buy → Hold | Jefferies | |
| 10/29/2024 | $17.00 → $14.00 | Strong Buy → Outperform | Raymond James |
| 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 |
In the news release, Harmonic to Participate in the 20th Annual Needham Virtual Technology, Media & Consumer Conference and the Rosenblatt 5th Annual Virtual Technology Summit, issued 07-May-2025 by Harmonic Inc. over PR Newswire, we are advised by the company that the date of the Rosenblatt 5th Annual Virtual Technology Summit at the end of the first sentence should read "Wednesday, June 11, 2025" rather than "Tuesday, June 10, 2025" as originally issued inadvertently. The complete, corrected release follows: Harmonic to Participate in the 20th Annual Needham Virtual Technology, Media & Consumer Conference and the Rosenblatt 5th Annual Virtual Technology Summit SAN JOSE, Calif., May 7, 2
SAN JOSE, Calif., May 7, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Nimrod Ben-Natan, President and CEO of Harmonic, and Walter Jankovic, Chief Financial Officer, will host virtual investor meetings at the 20th Annual Needham Virtual Technology, Media & Consumer Conference on Monday, May 12, 2025, and the Rosenblatt 5th Annual Virtual Technology Summit on Tuesday, June 10, 2025. For more information, please contact your Needham or Rosenblatt representative. About Harmonic Inc. Harmonic (NASDAQ:HLIT), the worldwide leader in virtualized broadband and vide
Harmonic's cOS Virtualized Broadband Platform Simplifies the Transition to Distributed Access Architecture, Enabling Faster Connectivity and an Evolutionary Path to Fiber SAN JOSE, Calif., April 30, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Caribbean internet service provider Flamingo TV Bonaire is embracing Harmonic's industry-leading cOS™ virtualized broadband platform to completely modernize its broadband infrastructure. Powered by software, Harmonic's cOS broadband platform significantly boosts high-speed broadband connectivity for Flamingo TV subscribers while ensuring greater network efficiency, scalability and a seamless future migration to fiber for the operato
Broadband gross margins and profitability exceeded expectations Strong Video results with revenue and profitability surpassing high end of guidance Robust cash flow generation resulted in cash balance of $149 million at quarter end SAN JOSE, Calif., April 28, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the first quarter of 2025. "Our first quarter results reflect strong execution as we exceeded expectations for Video revenue as well as gross margin and Adjusted EBITDA in both of our businesses," said Nimrod Ben-Natan, president an
SAN JOSE, Calif., April 14, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its first quarter 2025 financial results after the market close on Monday, April 28, 2025. 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-conf.media-server.com/register/BI7092d817d9e24be09ac0e1b9dc7a42fd. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast
SAN JOSE, Calif., April 2, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced industry-first innovations to its comprehensive playout-to-delivery solution, empowering broadcasters and content owners with streamlined media workflows, optimized control and significant cost savings. Harmonic's playout-to-delivery solution combines advanced playout and branding with premium encoding, streaming and broadcast delivery. The solution now features innovative loop record, delay line and enhanced hybrid cloud and on-premises support for more flexible and efficient playout workflows. Harmonic will demonstrate these exciting innovations at the 2025 NAB Show.
SAN JOSE, Calif., March 25, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that the company's market-leading VOS®360 SaaS solutions have been further enhanced with new AI advancements to elevate viewer engagement and drive monetization. In addition, as part of the Akamai Qualified Compute Partner Program, Harmonic's VOS360 solutions leverage Akamai's compute infrastructure, CDN and security capabilities to enhance cost efficiency and scalability. These powerful innovations to the Harmonic VOS360 SaaS solutions will be showcased at the 2025 NAB Show. Leading Indust
Bold New Capabilities Include AI-Enabled Closed Captioning, Streamlined Primary Distribution and Support for DTV+ SAN JOSE, Calif., March 19, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced significant new enhancements to the company's XOS Advanced Media Processor to elevate video streaming and broadcast delivery. Harmonic is pushing video innovation forward with new AI-powered applications that boost efficiency and reduce costs, the introduction of a new XOS appliance that simplifies primary distribution and support for Brazil's DTV+ standard. Showcased at the 2025 NAB Show, these innovations reinforce the XOS media processor as a cutting-edge solution for evolving video stream
New Video Streaming Innovation Delivers Unmatched Flexibility and Cost Savings for Service Providers and Broadcasters SAN JOSE, Calif., March 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced a breakthrough in video streaming innovation with the launch of new origin capabilities. Service providers and broadcasters can tap into the new origin features through Harmonic's VOS® family and XOS Advanced Media Processor to optimize efficiency and flexibility while driving down costs. The origin advancements will be showcased in the Harmonic booth at the 2025 NAB Show. A
Redefining Traditional Broadcast Workflows, Harmonic's VOS Media Software Reduces Costs and Streamlines Operations SAN JOSE, Calif., March 11, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced that Weigel Broadcasting, a leading North American broadcaster, is simplifying video distribution with Harmonic's VOS® Media Software. Harmonic's cloud-native software offers state-of-the-art playout-to-delivery capabilities, including ATSC 1.0 centralcasting, unlocking significant cost savings and greater efficiency for Weigel. "As we continue to grow the number of stations w
Broadband gross margins and profitability exceeded expectations Strong Video results with revenue and profitability surpassing high end of guidance Robust cash flow generation resulted in cash balance of $149 million at quarter end SAN JOSE, Calif., April 28, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the first quarter of 2025. "Our first quarter results reflect strong execution as we exceeded expectations for Video revenue as well as gross margin and Adjusted EBITDA in both of our businesses," said Nimrod Ben-Natan, president an
SAN JOSE, Calif., April 14, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its first quarter 2025 financial results after the market close on Monday, April 28, 2025. 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-conf.media-server.com/register/BI7092d817d9e24be09ac0e1b9dc7a42fd. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast
Record total quarterly revenue, up 33% year over year, and record quarterly Adjusted EBITDA Doubles previous stock repurchase program to $200 million SAN JOSE, Calif., Feb. 10, 2025 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the fourth quarter and fiscal year ended December 31, 2024. "Harmonic achieved record quarterly total company revenue and Adjusted EBITDA, with both Broadband and Video revenue exceeding expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "The strong performance in Broadband de
SAN JOSE, Calif., Jan. 21, 2025 /PRNewswire/ -- Harmonic (NASDAQ:HLIT) today announced it will release its fourth quarter and full year 2024 financial results after the market close on Monday, February 10, 2025. 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/BI1b0ab6540ffa495a805e1e982151884e. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the we
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. "Our third quarter results demonstrated strong execution as we achieved record total company revenue and Adjusted EBITDA, with both broadband and video revenue exceeding expectations," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "This strong quarterly performance coupled
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. 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/BI24dc955b30d3439abf656ef581cfa35c. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including
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
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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
Jefferies resumed coverage of Harmonic with a rating of Hold
Jefferies downgraded Harmonic from Buy to Hold
Raymond James downgraded Harmonic from Strong Buy to Outperform and set a new price target of $14.00 from $17.00 previously
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
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