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Last $5.60 USD
Change Today -0.09 / -1.58%
Volume 258.3K
HLIT On Other Exchanges
As of 8:10 PM 09/4/15 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. ExpandsSupport for Ip Protocols, Including Smpte St 2022 6, at Ibc2015

Harmonic announced that the company's Spectruma, X advanced media server system, Electraa, X advanced media processor and Electra XVM virtualized media processor will support the SMPTE ST 2022-6 standard for encapsulating high-performance uncompressed (SDI) video signals for transport over IP networks. In defining a uniform data-mapping format that supports HD-SDI and 3G-SDI video signal formats (including audio, video and ancillary data), SMPTE ST 2022-6 "Transport of High Bit Rate Media Signals over IP Networks (HBRMT)" became the first standard to enable products from different manufacturers to send and receive high bit rate video signals over IP networks. Supporting ST 2022-6 and other protocols that enable the wrapping and transport of video streams over IP networks, Harmonic solutions will make it easier for broadcasters and production companies to migrate toward IP-based infrastructure and the many benefits -- more robust capacity, greater flexibility and scalability, and lower equipment costs -- it can provide.

Dimetis Partners with Harmonic to Support DVB T2 HEVC Trials in Germany

Harmonic and Dimetis have partnered to create a fully integrated field test system to accelerate the distribution of next-generation terrestrial television services in Germany. Utilizing a combination of Harmonic's Electra(TM) X2 advanced media processor, ProStream(R) 9100 high-density strea m processor, DiviTrackIP(TM) statistical multiplexing technology, and NMX(TM) Digital Service Manager integrated with the BOSS BROADCAST Manager(TM) from Dimetis, video content and service providers can seamlessly migrate to the new DVB-T2 and HEVC video compression standards to reduce capital and operational expenses while improving video and audio quality. All Harmonic equipment was provided by local distribution partner Netorium. Transitioning to the DVB-T2 standard will provide broadcasters with a wide range of benefits, including improved spectrum efficiency, SD to HD service enhancement, superior video quality, Dolby Digital Plus/AAC audio support, and DVB subtitles. Leveraging HEVC, the DVB-T2 standard enables broadcasters to deliver more services per channel at a low total cost of ownership with amazing video quality.

Harmonic Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 3, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Provides Gross Margin Guidance for the Year 2015 and 2016

Harmonic Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 3, 2015. For the quarter, the company reported net revenue of $103,103,000, down approximately 6% from $109,589,000 a year ago. Loss from operations was $343,000 compared to $8,649,000 a year ago. Loss before income taxes was $267,000 compared to $8,709,000 a year ago. Net loss was $994,000 compared to $37,062,000 a year ago. Net loss per share was $0.01 compared to $0.39 a year ago. For the six months, the company reported net revenue of $207,119,000 compared to $217,621,000 a year ago. Loss from operations was $330,000 compared to $15,871,000 a year ago. Loss before income taxes was $3,210,000 compared to $15,842,000 a year ago. Net loss was $3,651,000 compared to $42,472,000 a year ago. Net loss per share was $0.04. Purchases of property and equipment were $7,505,000 compared to $6,479,000 a year ago. 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.


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