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. Leveraging the XOS media processor's unique cloud-native software foundation, complete playout feature set and next-gen media processing, 44p can efficiently deliver UHD broadcasts. "We provide top-tier media production services, from live sports to entertainmen ...

Third Harmonic Bio is a clinical stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases through the development of novel, highly selective, small-molecule inhibitors of KIT, a cell surface receptor that serves as the master regulator of mast cell function and survival. Early clinical studies demonstrate that KIT inhibition has the potential to revolutionize the treatment of a broad range of mast-cell-mediated inflamm ...

Clearly, options traders are pricing in a big move for HLIT shares, but what is the fundamental picture for the company? Currently, HLIT is a Zacks Rank #3 (Hold) in the Communication-Components industry that ranks in the Top 31% of our Zacks Industry Rank. Over the last 60 days, none of the analysts have increased their earnings estimates for the current quarter, while three have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from seven cents per shar ...

Versatile Pearl R-OLT Enables Economic Delivery of Fiber Broadband from Node Enclosures SAN JOSE, Calif., May 13, 2024 /PRNewswire/ -- 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. Harmo ...

Harmonic to Showcase Transformative Broadband Access Innovations for Enhanced Service Quality and Multigigabit Speeds over Fiber and DOCSIS Networks SAN JOSE, Calif., May 8, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that it will showcase its latest broadband access innovations for fiber and DOCSIS networks at ANGA COM in Germany. These advancements empower operators with increased speeds and enhanced network reliability, unlocking new revenue opportunities and improving subscriber retenti ...

Investors are hoping that a strong backlog and a renewed commitment to its high-margin business will improve its long-term prospects.Shares of video-streaming technology company Harmonic (HLIT 16.44%) soared higher on Tuesday after reporting financial results for the first quarter of 2024. As of 2 p.m. ET, Harmonic stock was up 15% in stark contrast to the 1% drop for the Nasdaq.Revenue is down, but the backlog is upIn Q1, Harmonic generated revenue of $122 million, which was down 23% year over year. This i ...

Harmonic (HLIT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this video services provider would post earnings of $0.10 per share when it actually produced earnings of $0.13, delivering a surprise of 30%.Over the last four quarters, the company h ...

New Beacon Application Maximizes Broadband Speeds, Improves Reliability, Enhances Quality of Experience and Lowers OPEXSAN JOSE, Calif., April 29, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the new Beacon intelligent speed maximizer (ISM) application integrated on the cOS™ virtualized broadband platform alongside its market-leading vCMTS and fiber applications. The Beacon ISM provides greater spectrum efficiency to maximize upstream and downstream speeds on a per-subscriber basis, enhancin ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Harmonic Announces First Quarter 2024 Results Results in Line with Guidance Reaf irming Broadband Full Year Revenue Guidance Increasing Full Year Video EBITDA Guidance SAN JOSE, California, April 29, 2024 - 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 Har ...

Harmonic (HLIT) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the ...