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Last $5.94 USD
Change Today +0.18 / 3.13%
Volume 409.9K
HLIT On Other Exchanges
As of 8:10 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

harmonic inc (HLIT) Snapshot

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52 Week High
03/2/15 - $7.98
52 Week Low
08/24/15 - $5.40
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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.

1,010 Employees
Last Reported Date: 08/11/15
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. Announces Earnings Guidance for the Third Quarter of 2015

Harmonic Inc. announced earnings guidance for the third quarter of 2015. For the third quarter of 2015, the company anticipates: net revenue in the range of $81 million to $84 million. GAAP gross margins in the range of 53.5% to 55.0%. GAAP operating expenses in the range of $51.5 million to $53 million. Non-GAAP gross margins in the range of 54.5% to 56.0%. Non-GAAP operating expenses in the range of $46.5 million to $48 million.

NASA Partners with Harmonic to Launch First Non-Commercial UHD Channel in North America

NASA is partnering with Harmonic to launch NASA TV UHD, the first ever non-commercial consumer ultra-high definition (UHD) channel in North America. The partnership is the result of a Space Act Agreement between Harmonic and the agency's Marshall Space Flight Center in Huntsville, Alabama. Using an end-to-end UHD video delivery system from Harmonic, NASA Television will have the capability to deliver linear 2160p60 video content, allowing viewers to enjoy footage on a wide range of television and internet-connected devices. The new UHD channel is expected to launch on November 1, following preliminary tests. Leveraging the 8-megapixel resolution of UHD, the channel will showcase the breathtaking beauty and grandeur of space. NASA TV UHD video will be sourced from high-resolution images and video generated on the International Space Station and other current NASA missions, as well as re-mastered footage from historical missions. Harmonic currently is in discussions with pay TV operators to carry the channel on the satellite, cable and optical networks for consumer access. The channel also will stream on the Internet, which will require at least 13 MBps access connectivity to receive the signal and enjoy the UHD experience.

Dubai Media Incorporated Selects Harmonic Spectrum Media Servers to Facilitate Smooth HD Migration

Harmonic announced that Dubai Media Incorporated (DMI) of the United Arab Emirates (UAE) has chosen new Spectruma, media servers for an upgrade of the company's main broadcast facility in Dubai. Already a long-time Harmonic client, DMI purchased the server systems to support ingest and to provide flexible and reliable SD/HD playout for 14 on-air channels. Replacing an existing Spectrum installation, the new Spectrum systems installed at DMI include Spectrum MediaDirectora, media server controllers, Spectrum MediaStorea, storage arrays, Spectrum MediaPorta, real-time video encoder/decoders and the Harmonic Media Application Server (MAS) media management platform. Configured for 1+1 redundancy, each of the server systems provides 14 channels of HD/SD MPEG-2 playout and another two channels of HD/SD MPEG-2 play and record, with up/down/cross conversion and simulcast on each port. The Spectrum media servers support ingest and playout and are integrated with an existing Harmonic MediaGrid shared storage system that provides nearline and external storage at DMI. The new systems support a higher channel count, provide higher server storage capacity, and improve performance while reducing power and space requirements. DMI now enjoys the ability to play out SD and HD content on the same server port and to output an SD/HD simulcast for any given file as standard. While these capabilities help to ease DMI's transition to HD, they also enable the broadcaster to provide its viewers with enhanced picture quality.


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