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Last $7.30 USD
Change Today +0.02 / 0.27%
Volume 236.6K
HLIT On Other Exchanges
As of 8:10 PM 03/27/15 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
10/13/14 - $5.61
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Average Volume 10 Days
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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: $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 Introduces Proview 7100 First Single-Rack, Multiformat Integrated Receiver-Decoder (IRD), Transcoder and MPEG Stream Processor

Harmonic announced that the company's ProView 7100 is the first single-rack, multiformat integrated receiver-decoder (IRD), transcoder and MPEG stream processor to support the HEVC standard. As part of an end-to-end HEVC-based video transmission solution offered by Harmonic, the ProView 7100 enables video content and service providers to decode HEVC compressed streams up to 1080p60 resolutions, maximizing bandwidth efficiency for broadcast service delivery while maintaining pristine video quality. From a high-density 1RU chassis, the ProView 7100 IRD platform offers broadcast-quality SD/HD MPEG-2, MPEG-4 AVC and HEVC decoding, in addition to MPEG-2 and AVC transcoding, to streamline workflows and decrease operating costs for video content and service providers. For applications where preserving high possible video quality is paramount, the ProView 7100 supports AVC HD and HEVC 4:2:2 10-bit decoding up to 1080p60. The HEVC decoding capabilities are available to new and existing ProView 7100 customers via a simple software update and license key. Harmonic's end-to-end HEVC video transmission solution includes the Electra X advanced media processor and Electra XVM virtualized media processor. Both media processors feature the Harmonic PURE Compression Engine for real-time encoding of SD, HD and 4K/UHD media, integrated high-quality branding and graphics, and reliable transport stream playout, providing operators with good video quality, unparalleled function integration and increased operational flexibility in a cost-effective appliance. Harmonic will demonstrate the ProView 7100 IRD with HEVC support for the first time at the 2015 NAB Show at booth SU1210.

Harmonic Inc. Adopts Amendment to Bylaws

On March 11, 2015, Harmonic Inc. adopted an amendment to Article III, Section 3.2 of the Company's bylaws to increase the number of directors of the Board from 7 to 8. The board of directors shall consist of eight members. The number of directors may be changed by an amendment to this bylaw, duly adopted by the board of directors or by the stockholders, or by a duly adopted amendment to the certificate of incorporation. No reduction of the authorized number of directors shall have the effect of removing any director before that director's term of office expires. If for any cause, the directors shall not have been elected at an annual meeting, they may be elected as soon thereafter as convenient at a special meeting of the stockholders called for that purpose in the manner provided in these Bylaws.

Harmonic Inc. Appoints Nikos Theodosopoulos to its Board of Directors and as Member of the Board's Audit Committee

Harmonic announced it has expanded the Company's Board of Directors with the appointment of Nikos Theodosopoulos. Since 2012, Mr. Theodosopoulos has served as the founder of NT Advisors LLC. Over the previous 17 years, Mr. Theodosopoulos served in various capacities with UBS, most recently as managing director of technology equity research. Prior to UBS, he was a senior equity research analyst for Bear, Stearns & Company and worked as an account executive for AT&T Network Systems. The Board also appointed Mr. Theodosopoulos to serve as a member of the Board's Audit Committee, effective immediately.


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