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Last $5.90 USD
Change Today -0.12 / -1.99%
Volume 895.2K
HLIT On Other Exchanges
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

harmonic inc (HLIT) Snapshot

Previous Close
Day High
Day Low
52 Week High
03/2/15 - $7.98
52 Week Low
10/13/14 - $5.61
Market Cap
Average Volume 10 Days
Shares Outstanding
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.

1,028 Employees
Last Reported Date: 03/2/15
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. Reports Earnings Results for the Second Quarter of 2015; Provides Earnings Guidance for the Third Quarter of 2015; Provides Gross Margin Guidance for the Year 2015 and 2016

Harmonic Inc. reported earnings results for the second quarter of 2015. For the quarter, the company's net revenue for the quarter was $103.1 million, down approximately 1% from the first quarter's $104 million and 6% from $109.6 million a year ago. Non-GAAP net income for this quarter $4.2 million or $0.05 per diluted share compared with net income of $4.5 million or $0.05 per diluted share in the prior quarter and net income of $1.8 million or $0.02 per diluted share for the second quarter of 2014. The company generated a healthy $12 million in cash from operations during the quarter. The company expects its third quarter of 2015 revenue to be in the range of $92 million to $102 million. Non-GAAP gross margin in the third quarter is anticipated to be in the range of 53% to 54% due to an expected favorable mix of higher margin video product revenue. The company anticipates its non-GAAP tax rate for the third quarter to be 21%, subject to its domestic versus international split. The company now anticipates gross margin expansion to 54% or better for the year, and are targeting further gross margin expansion into 2016.

Harmonic Inc. to Report Q2, 2015 Results on Jul 27, 2015

Harmonic Inc. announced that they will report Q2, 2015 results After-Market on Jul 27, 2015

Harmonic Inc., Q2 2015 Earnings Call, Jul 27, 2015

Harmonic Inc., Q2 2015 Earnings Call, Jul 27, 2015


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