Last $7.65 USD
Change Today +0.74 / 10.71%
Volume 2.8M
HLIT On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

harmonic inc (HLIT) Snapshot

Open
$7.25
Previous Close
$6.91
Day High
$7.89
Day Low
$7.10
52 Week High
01/30/15 - $7.89
52 Week Low
10/13/14 - $5.61
Market Cap
673.7M
Average Volume 10 Days
806.5K
EPS TTM
$-0.49
Shares Outstanding
88.1M
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 its customers to create, prepare, and deliver a range of video 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 broadcasters, content owners, and multi-channel network operators. 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 provides video processing solutions, including broadcast and distribution encoders; contribution encoders; stream processing and statistical multiplexing solutions; content preparation, storage, and delivery software-based solutions; decoders and descramblers; and management and control software. Additionally, the company offers narrowcast services gateway products that integrate routing, multiplexing, scrambling, and modulation; and provides 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.

harmonic inc (HLIT) Top Compensated Officers

Chief Executive Officer, President, and Direc...
Total Annual Compensation: $494.2K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $361.9K
Senior Vice President of Operations
Total Annual Compensation: $273.3K
Senior Vice President of Research & Developme...
Total Annual Compensation: $297.1K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $153.4K
Compensation as of Fiscal Year 2013.

harmonic inc (HLIT) Key Developments

Harmonic Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

Harmonic Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter, the company reported net revenues of $107,875,000 against $120,222,000 a year ago. Loss from operations was $2,162,000 against $998,000 a year ago. Loss from continuing operations before income taxes was $2,201,000 against $1,197,000 a year ago. Loss from continuing operations was $4,854,000 against $2,179,000 a year ago. Net loss was $4,854,000 or $0.06 per diluted share against $2,360,000 or $0.02 per diluted share a year ago. Basic and diluted net loss per share from continuing operations was $0.06 against $0.02 a year ago. Non-GAAP net income from continuing operations was $5.3 million, or $0.06 per diluted share, compared with non-GAAP net income from continuing operations for the third quarter of 2014 of $5.1 million, or $0.06 per diluted share, and non-GAAP net income from continuing operations for the fourth quarter of 2013 of $8.3 million, or $0.08 per diluted share. For the year, the company reported net revenues of $433,557,000 against $461,940,000 a year ago. Loss from operations was $21,571,000 against $23,024,000 a year ago. Loss from continuing operations before income taxes was $21,795,000 against $23,152,000 a year ago. Loss from continuing operations was $46,248,000 against income from continuing operations of $21,589,000 a year ago. Net loss was $46,248,000 or $0.50 per diluted share against net income of $37,027,000 or $0.34 per diluted share a year ago. Basic and diluted net loss per share from continuing operations was $0.50 against income per share of $0.20 a year ago. Net cash provided by operating activities was $47,369,000 against $53,759,000 a year ago. Purchases of property and equipment were $10,065,000 against $14,581,000 a year ago. For the full year 2014, non-GAAP net income from continuing operations was $15.1 million, or $0.16 per diluted share, compared with $18.3 million, or $0.17 per diluted share, for 2013. For the first quarter of 2015, the company expects net revenue in the range of $100 million to $110 million, GAAP gross margins in the range of 51.5% to 52.5%, GAAP operating expenses in the range of $57.0 million to $58.0 million, Non-GAAP gross margins in the range of 52.5% to 53.5%, Non-GAAP operating expenses in the range of $50.5 million to $51.5 million.

Harmonic Appoints Dario Choi as Regional Vice President of Sales, Asia Pacific

Harmonic Inc. announced the appointment of Dario Choi as the company's regional vice president of sales for the Asia Pacific region. Choi takes on this new role with more than two decades of experience in senior management roles for major multinational businesses in the broadcast and media industries. Choi joins Harmonic after having most recently served as vice president, Asia Pacific region, at Avid Technology. He earlier held similar roles at Harris Broadcast, Ericsson and Tandberg Television.

Harmonic, Inc. Adopts Microsoft PlayReady's DRM Technology for OTT Multi-Screen Security

Harmonic Inc. has integrated its ProMedia Origin and ProMedia X Origin multiscreen media servers with Microsoft PlayReady digital rights management, or DRM, technology for content access protection. By supporting PlayReady, Harmonic's ProMedia Origin and ProMedia X Origin provide video content and service providers with a versatile and scalable content protection solution for the secure deployment of live and time-shift TV, cloud DVR and VOD OTT services on a wide range of connected devices, ranging from mobile phones and tablets to game consoles to net top and set-top boxes. Utilizing Harmonic's ProMedia Origin solutions with Microsoft PlayReady, video content and service providers can distribute secure content to a wide range of devices via a single DRM technology. Streamlining the OTT multiscreen ecosystem to a unified DRM technology significantly reduces the time to market for high-value video services while minimizing workflow complexity and points of failure. Microsoft's PlayReady technology includes a variety of features for live TV applications including key rotation, which is designed to provide more robust content protection for OTT multiscreen services, while simplifying operations, minimizing service interruption, and reducing costs. ProMedia Origin and ProMedia X Origin are software-based all-in-one media servers that support the OTT standard protocols, such as Apple HLS, Adobe HDS, Microsoft Smooth Streaming, and MPEG-DASH, to enable high-volume, live, adaptive bitrate streaming and the delivery of time-shifted services such as catch-up TV, start-over TV, and cloud DVR to connected devices. By providing video content and service providers with a comprehensive multiscreen media server, they dramatically reduce rack space, simplify workflows, and maximize cost savings.

 

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HLIT

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Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.3x
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