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Last $6.86 USD
Change Today +0.08 / 1.18%
Volume 207.7K
As of 8:10 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

harmonic inc (HLIT) Snapshot

Open
$6.76
Previous Close
$6.78
Day High
$6.87
Day Low
$6.75
52 Week High
03/2/15 - $7.98
52 Week Low
10/13/14 - $5.61
Market Cap
607.3M
Average Volume 10 Days
336.8K
EPS TTM
$-0.43
Shares Outstanding
88.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HARMONIC INC (HLIT)

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harmonic inc (HLIT) Details

Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company offers video production platforms and playout solutions, such as video server products used by broadcast and media companies to create play-to-air television channels. It also provides video-optimized storage systems that offer storage capacity and access bandwidth to support media production applications, such as video editing, content transformation, and media library management; and media application server that provides integrated media management and workflow control over content stored across its systems. In addition, the company offers media services framework, which allows building media management applications that automate media processing and movement tasks, collect and organize content metadata, and provide search and review functionality. Further, it offers video processing solutions, including broadcast and distribution encoders; contribution encoders; stream processor and transcoder products; content preparation, storage, and delivery software-based solutions; decoders and descramblers; and management and control software. Additionally, the company provides narrowcast services gateway products that integrate routing, multiplexing, scrambling, and modulation; and offers technical support and professional services, such as program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. The company sells its products to broadcast and media companies, streaming new media companies, cable operators, and satellite and telecommunications Pay-TV service providers. Harmonic Inc. was founded in 1988 and is headquartered in San Jose, California.

1,000 Employees
Last Reported Date: 05/11/15
Founded in 1988

harmonic inc (HLIT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer
Total Annual Compensation: $365.0K
Senior Vice President of Operations
Total Annual Compensation: $281.6K
Senior Vice President of Research & Developme...
Total Annual Compensation: $307.2K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $281.6K
Compensation as of Fiscal Year 2014.

harmonic inc (HLIT) Key Developments

Harmonic Inc. Supplies Infrastructure Solution to Janam TV

Harmonic Inc. has supplied its infrastructure solution to Janam TV for its new news and entertainment channel in Thiruvananthapuram, Kerala, India. The broadcaster relies on the Harmonic Spectrum MediaCenter media server with integrated storage for ingest of content, including a number of bureau feeds acquired using the Harmonic Ellipse 3100 contribution encoder and ProView 7100 integrated receiver-decoder (IRD), stream processor and trans coder. While the modular MediaCenter server provides flexible, reliable file-system and communication management at a compelling price point, the Ellipse and ProView systems serve as scalable, high-density and bandwidth-efficient video contribution solutions that ensure high video quality. In production, the Harmonic MediaGrid shared storage system makes content readily available to editors working with both Apple's Final Cut Pro and Adobe editing software. Finished content is played out via the MediaCenter server and storage system under the control of Pebble Beach automation. The complete solution simplified the process of taking Janam TV programming to air and makes it easy for the broadcaster to scale up and launch additional channels in the future.

Harmonic Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 08:00 AM

Harmonic Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 08:00 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Carolyn V. Aver, Chief Financial Officer, Peter Alexander, Chief Marketing Officer and Senior Vice President.

Harmonic Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 3, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Harmonic Inc. reported unaudited consolidated earnings results for the first quarter ended April 3, 2015. For the quarter, the company reported net revenue of $104,016,000 against $108,032,000 a year ago. Income from operations was $13,000 against loss from operations of $7,222,000 a year ago. Loss before income taxes was $2,943,000 against $7,133,000 a year ago. Net loss was $2,657,000 or $0.03 per share basic and diluted against $5,410,000 against $0.06 per share basic and diluted a year ago. Net cash provided by operating activities was $2,028,000 against $11,245,000 a year ago. Purchases of property and equipment were $3,651,000 against $3,431,000 a year ago. Non-GAAP income from operations was $6,098,000 against $3,479,000 a year ago. Non-GAAP net income was $4,461,000 or $0.05 per diluted share against $2,820,000 or $0.03 per diluted share a year ago. For the second quarter of 2015, the company expects net revenue in the range of $97 million to $107 million. GAAP gross margins in the range of 51.0% to 52.0%. Non-GAAP gross margin in the second quarter is expected to be in a range of 52% to 53% due to a slightly lower expected mix of software sales in Cable Edge segment, somewhat offset by a modest rebound in video revenue. The company anticipates non-GAAP tax rate for the second quarter to be 21% subject to domestic against international split. The company anticipates non-GAAP tax rate for the full year to be 21%, subject to domestic against international split. The company believes this framework will provide meaningful year-over-year earnings growth through 2015 and beyond.

 

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Industry Analysis

HLIT

Industry Average

Valuation HLIT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 1.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.2x
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