$HLIT (Harmonic Inc.)

$HLIT {{ '2016-06-27T15:21:27+0000' | timeago}} • Announcement

Video delivery infrastructure company $HLIT said Finnish telecom operator DNA has deployed a complete OTT solution from $HLIT for its DNA TV multiscreen service. $HLIT's multiscreen processing and delivery solutions enable DNA to deliver live TV channels and VOD content to more than 200,000 subscribers on a wide range of devices.

$HLIT {{ '2017-12-13T14:36:26+0000' | timeago}} • Announcement

$HLIT announced that Grand Lille TV, a French regional TV news channel that is part of the Secom Group, has transitioned to HD and launched an additional channel using the Spectrum media server platform from $HLIT. This solution speeds up video distribution and enables new channels to be launched faster at a lower total cost of ownership.

$HLIT {{ '2017-06-06T16:09:16+0000' | timeago}} • Announcement

$HLIT and EVS announced a new OEM partnership that simplifies storage deployments in professional media environments. EVS has adopted the Harmonic MediaGrid system as its new high-performance nearline storage solution, marketing it under the XStore brand.

$HLIT {{ '2017-06-06T12:20:29+0000' | timeago}} • Announcement

$HLIT has appointed corporate controller and chief accounting officer Sanjay Kalra to the post of CFO.  He will be replacing Harold Covert who resigned to spend more time with his family. Kalra has served as the corporate controller of TiVo, Model N and Silicon Image. He started his career at Ernst & Young.

$HLIT {{ '2017-05-01T22:31:26+0000' | timeago}} • Webcast

$HLIT said that on the video business for the full year FY17, bookings guidance is of 5% currently, until the company completes its strategic review over the next few months. The company added that even at this level, $HLIT expects to build up a good recurring revenue stream over the next two years.

$HLIT {{ '2017-05-01T20:51:29+0000' | timeago}} • Announcement

For 2017, $HLIT's net revenue is expected to be $398.5-418.5MM, while GM is expected to be in the range of 50.5-52.0% which includes Video gross margin of 53.0-54.0% and Cable Edge gross margin of 36.0-37.0%. Loss per share is expected to be $0.48-0.33 for 2017 and operating expense is expected to be $227.7-228.7MM.

$HLIT {{ '2017-05-01T20:48:10+0000' | timeago}} • Announcement

For 2Q17, $HLIT expects net revenue to be $94.5-102.5MM, which includes Video revenue of $85.9-90.9MM and Cable Edge revenue of $8.6-11.6MM. Loss per share is expected to be $0.20-0.16, while operating expense is expected to be $59.6-60.6MM for 2Q17. Additionally, GM is expected to be in the range of 49.5-50.5%.

$HLIT {{ '2017-05-01T20:43:21+0000' | timeago}} • Announcement

Technology company $HLIT posted a narrower loss for 1Q17, helped by increased revenue. Net loss for the quarter narrowed 3.98% to $24.1MM or $0.30 loss per share from net loss of $25.1MM or $0.33 loss per share a year ago. Revenue increased 1.39% YoY to $82.94MM, Excluding items, $HLIT reported a net loss per share of $0.14.

$HLIT {{ '2017-03-20T13:09:39+0000' | timeago}} • Announcement

Nilesat, a satellite operator in the Middle East and North Africa regions, will use $HLIT Multichannel Automated Playout System to deliver its services. In Europe, the Middle East and Africa, the market for free-to-air broadcast TV services is expected to grow at a CAGR of 11.8% between 2016 and 2024, according to Transparency Market Research.

$HLIT {{ '2017-01-11T21:33:27+0000' | timeago}} • Announcement

$HLIT has appointed Dr. Tom Lookabaugh to its Board of Directors. Dr. Lookabaugh is currently president of Thomas Lookabaugh Associates, a consultancy serving the telecommunications industry.

$HLIT {{ '2016-12-13T23:53:48+0000' | timeago}} • Announcement

$HLIT said its CFO Harold Covert intends to resign from his role in the coming months in order to spend more time with his family on the East Coast. Mr. Covert will continue to serve as CFO until after the filing of the company's 2016 annual report with the SEC and the appointment of a successor CFO.

$HLIT {{ '2016-09-28T11:18:28+0000' | timeago}} • Announcement

$HLIT entered into a warrant agreement with Comcast Corporation, providing Comcast the opportunity to acquire $HLIT common stock based on specific CableOS and other Harmonic product sales and deployment milestones during the term of the warrant.

$HLIT {{ '2016-06-27T15:21:27+0000' | timeago}} • Announcement

Video delivery infrastructure company $HLIT said Finnish telecom operator DNA has deployed a complete OTT solution from $HLIT for its DNA TV multiscreen service. $HLIT's multiscreen processing and delivery solutions enable DNA to deliver live TV channels and VOD content to more than 200,000 subscribers on a wide range of devices.

$HLIT {{ '2016-03-09T13:12:50+0000' | timeago}} • Announcement

$HLIT said Jordan Media City (JMC) has chosen an end-to-end headend solution from Harmonic to support its direct-to-home (DTH) satellite service. JMC is using $HLIT's ProView integrated receiver decoders (IRDs), Electra X2 advanced media processors, ProStream 9100 with ACE stream processors and transcoders and NMX Digital Service Manager.

$HLIT {{ '2016-02-29T23:13:08+0000' | timeago}} • Announcement

$HLIT, the worldwide leader in video delivery infrastructure, said that it has completed the acquisition of Thomson Video Networks, a global leader in advanced video compression solutions. "By bringing together two powerhouses in the video industry, we further extend our position as the market leader," said $HLIT CEO Patrick Harshman.

$HLIT {{ '2016-01-21T18:25:28+0000' | timeago}} • Announcement

Video infrastructure products maker $HLIT said it partnered with AsiaSat, Asia's premier satellite operator, to launch a new Ultra HD (UHD) channel "4K-SAT2/HVN," AsiaSat's second free-to-air UHD channel on AsiaSat 4 at 122 degrees East for Asia-Pacific. The channel will be launched on March 1, 2016.

$HLIT {{ '2015-12-16T15:45:19+0000' | timeago}} • Announcement

Video infrastructure products maker $HLIT said its Spectrum MediaDeck integrated media server, ChannelPort integrated channel playout systems and the Polaris Play channel-in-a-box automation software has been deployed by France's Secom media group to enable flexible, cost-effective playout for The Museum Channel.

$HLIT {{ '2015-12-09T13:28:23+0000' | timeago}} • Announcement

The sale of $HLIT's 4% convertible senior notes is expected to settle on December 14, 2015, subject to customary conditions and is expected to yield about $120.8MM in net proceeds to $HLIT. The net proceeds will be used to pay off costs associated with the Thomson Video Networks SAS acquisition and for share repurchases.

$HLIT {{ '2015-12-09T13:24:35+0000' | timeago}} • Announcement

Video infrastructure products maker $HLIT announced the pricing of $125MM of 4% convertible senior notes due 2020 in a private placement to qualified institutional buyers. $HLIT has also granted the initial purchaser of the notes a 30-day option to purchase up to an additional $18.75MM aggregate principal amount of notes to cover over-allotment.

$HLIT {{ '2015-12-07T22:49:33+0000' | timeago}} • Announcement

$HLIT said that it plans offer $125MM aggregate principal amount of convertible senior notes due 2020. $HLIT expects to use up to $70MM of the net proceeds of the offering to pay a portion of the costs associated with its previously announced acquisition of Thomson Video Networks; another $25MM of the offering proceeds will be used for buybacks.

$HLIT {{ '2015-12-07T22:36:12+0000' | timeago}} • Announcement

$HLIT said that it has signed a binding offer to acquire French pay-TV infrastructure hardware/software provider Thomson Video Networks for $75MM in cash plus up to $15MM in post-closing adjustments, which is expected to close in 1Q16. The proposed transaction is expected to contribute to $HLIT's non-GAAP net income in the first year after closing.

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