Latest news with #HarmonicInc
Yahoo
17 hours ago
- Business
- Yahoo
Harmonic Inc. (HLIT) Wins Analyst Confidence on Broadband Vision
Harmonic Inc. (NASDAQ:HLIT) is among the best small company stocks to invest in. Rosenblatt Securities, a leading boutique tech research firm, reaffirmed its Buy rating on Harmonic Inc. (NASDAQ:HLIT) and a price target of $11.00, based on the investor meeting discussions in the past week. The meeting featured Nimrod Ben Natan, the CEO of Harmonic Inc. (NASDAQ:HLIT), Walter Jankovic, the CFO, and members from the research firm. The management expressed confidence, citing that the company is just getting started on a multi-year journey to power the future of broadband. A video-processing suite with technicians at work, highlighting the company's production capabilities. Although Harmonic Inc. (NASDAQ:HLIT) faces ongoing underwhelming rollouts by its largest customers, the issues seem temporary. Analysts anticipate better performance by the company during the second half of the current year, with accelerated growth in the upcoming year as the company takes measures to resolve customer deployment concerns. Overall, the giant exhibits strong revenue growth and market penetration, stemming from innovation and strategic initiatives. One such initiative is the recently disclosed collaboration with CUJO AI to enhance broadband connectivity, particularly for latency-sensitive applications such as online gaming and video conferencing. Harmonic Inc. (NASDAQ:HLIT) is a California-based provider of broadband access solutions across the globe. Founded in 1988, the company operates through two main segments: Broadband and Video. It also offers technical support and professional services, along with SaaS-related support and deployment. While we acknowledge the potential of HLIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
17 hours ago
- Business
- Yahoo
Harmonic Inc. (HLIT) Wins Analyst Confidence on Broadband Vision
Harmonic Inc. (NASDAQ:HLIT) is among the best small company stocks to invest in. Rosenblatt Securities, a leading boutique tech research firm, reaffirmed its Buy rating on Harmonic Inc. (NASDAQ:HLIT) and a price target of $11.00, based on the investor meeting discussions in the past week. The meeting featured Nimrod Ben Natan, the CEO of Harmonic Inc. (NASDAQ:HLIT), Walter Jankovic, the CFO, and members from the research firm. The management expressed confidence, citing that the company is just getting started on a multi-year journey to power the future of broadband. A video-processing suite with technicians at work, highlighting the company's production capabilities. Although Harmonic Inc. (NASDAQ:HLIT) faces ongoing underwhelming rollouts by its largest customers, the issues seem temporary. Analysts anticipate better performance by the company during the second half of the current year, with accelerated growth in the upcoming year as the company takes measures to resolve customer deployment concerns. Overall, the giant exhibits strong revenue growth and market penetration, stemming from innovation and strategic initiatives. One such initiative is the recently disclosed collaboration with CUJO AI to enhance broadband connectivity, particularly for latency-sensitive applications such as online gaming and video conferencing. Harmonic Inc. (NASDAQ:HLIT) is a California-based provider of broadband access solutions across the globe. Founded in 1988, the company operates through two main segments: Broadband and Video. It also offers technical support and professional services, along with SaaS-related support and deployment. While we acknowledge the potential of HLIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Harmonic Expands Partnership with Cignal TV to Offer Cloud-Native Solution
On May 20, Harmonic Inc. (NASDAQ:HLIT) expanded its partnership with Cignal TV to offer its cloud-native VOS360 Medis SaaS technology. Cignal TV, a prominent pay-TV provider in the Philippines, will use Harmonic's technology to enhance its premium video streaming and broadcast services. Harmonic's cloud-native solution will help Cignal to improve its channel origination, playout, and disaster recovery. A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution. Harmonic Inc. (NASDAQ:HLIT) is a leading provider of virtualized broadband and video delivery solutions. Its solutions allow media service providers to offer ultra-high-quality video streaming and broadcast services to consumers. Through its innovative cloud solutions, Harmonic is revolutionizing the way media companies monetize live and on-demand content. Harmonic Inc.'s cloud-based solutions will assist Cignal TV in reducing infrastructure costs and supporting rapid service launches. VOS360 is deployed on Cignal TV through a local partner, Composite Technology. According to Maximize Market Research, the global cloud media and entertainment content management market is expected to grow from $14.38 billion in 2023 to $29.05 billion in 2030, growing at a CAGR of 10.56%. This presents a great opportunity for Harmonic to utilize this growing market trend. While we acknowledge the potential of HLIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HLIT and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Harmonic Expands Partnership with Cignal TV to Offer Cloud-Native Solution
On May 20, Harmonic Inc. (NASDAQ:HLIT) expanded its partnership with Cignal TV to offer its cloud-native VOS360 Medis SaaS technology. Cignal TV, a prominent pay-TV provider in the Philippines, will use Harmonic's technology to enhance its premium video streaming and broadcast services. Harmonic's cloud-native solution will help Cignal to improve its channel origination, playout, and disaster recovery. A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution. Harmonic Inc. (NASDAQ:HLIT) is a leading provider of virtualized broadband and video delivery solutions. Its solutions allow media service providers to offer ultra-high-quality video streaming and broadcast services to consumers. Through its innovative cloud solutions, Harmonic is revolutionizing the way media companies monetize live and on-demand content. Harmonic Inc.'s cloud-based solutions will assist Cignal TV in reducing infrastructure costs and supporting rapid service launches. VOS360 is deployed on Cignal TV through a local partner, Composite Technology. According to Maximize Market Research, the global cloud media and entertainment content management market is expected to grow from $14.38 billion in 2023 to $29.05 billion in 2030, growing at a CAGR of 10.56%. This presents a great opportunity for Harmonic to utilize this growing market trend. While we acknowledge the potential of HLIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HLIT and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-04-2025
- Business
- Yahoo
Harmonic Inc (HLIT) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $133.1 million, a 9% increase year over year. Adjusted EBITDA: $21 million, exceeding previous outlook. Operating Cash Flow: Strong, raising cash balance to $148.7 million. Share Repurchases: $36.1 million returned to shareholders. Backlog and Deferred Revenue: $485.1 million. Broadband Revenue: $84.9 million, 7.6% growth year over year. Broadband Gross Margin: 55.5%, reflecting a favorable product mix. Video Revenue: $48.3 million, up 11.8% year over year. Video SaaS Revenue: $14.8 million, up 15% year over year. EPS: $0.11, driven by higher-than-anticipated profitability. Gross Margin: 59.4%, significantly up both sequentially and year over year. Book-to-Bill Ratio: 0.9 for the quarter. Day Sales Outstanding: 67 days, improved from previous quarters. Inventory: Decreased by $1.9 million, with 103 days on hand. Q2 Broadband Revenue Guidance: $75 million to $85 million. Q2 Video Revenue Guidance: $45 million to $50 million. Q2 Total Company EPS Guidance: $0 to $0.04. Warning! GuruFocus has detected 2 Warning Signs with HLIT. Release Date: April 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Harmonic Inc (NASDAQ:HLIT) reported strong revenue growth, reaching $133 million, exceeding expectations in their Video segment. The company achieved an adjusted EBITDA of $21 million, surpassing previous outlooks. Operating cash flow was robust, increasing the cash balance to $149 million, even after $36 million in share repurchases. Harmonic Inc (NASDAQ:HLIT) added seven new logos, including a top 5 North American MSO and a tier-1 Latin American operator, indicating strong customer diversification. The company demonstrated significant innovation, including a 13 gigabits per second downstream throughput on a live unified system, showcasing industry-leading bandwidth performance. Harmonic Inc (NASDAQ:HLIT) anticipates 2025 to be a below-trend revenue year for Broadband due to Unified DOCSIS 4.0 timing and tariff exposure. The company faces potential tariff impacts, particularly in their Broadband business, which could affect financial performance. There is uncertainty in providing full-year guidance due to macroeconomic factors and shifting tariff policies. The book-to-bill ratio was 0.9, indicating a potential slowdown in order intake compared to previous quarters. Broadband gross margins are expected to decline in Q2 due to product mix and estimated tariff impacts. Q: Last quarter, there was some discussion of the Unified DOCSIS delay related to the amplifier piece. Any update on the industry's progress with these amplifiers? A: Nimrod Ben-Natan, CEO: According to our original plan, there is no change relative to what we expected at the beginning of the year. Q: Given the cash flow and balance sheet in Q1, does it make sense to buy products ahead of delivery to work around tariffs? A: Walter Jankovic, CFO: We are looking at options to bring inventory forward, especially with the current 90-day pause on tariffs. We have ample liquidity to bring in products sooner if advantageous. Q: When does the Fiber business begin to become a material part of revenue in terms of deployments? A: Nimrod Ben-Natan, CEO: While we did not provide a specific breakdown, the Fiber business is becoming sizable in terms of revenue. We have expanded the number of customers, and some bookings are significant. Q: How much of the second-half uncertainty is due to tariffs versus technology readiness? A: Walter Jankovic, CFO: The uncertainty is mainly due to macroeconomic factors associated with tariffs. We have not seen changes in customer behavior due to technology readiness. Q: Can you discuss potential options for diversifying your manufacturing footprint for the Broadband business? A: Walter Jankovic, CFO: We are exploring options beyond Asia, such as near-shoring to Mexico under USMCA rules. However, we need to understand the permanent tariff environment before making decisions. Q: Has there been any change in the spending trajectory from your two largest MSO customers? A: Walter Jankovic, CFO: We have not seen any change in customer behavior to date, despite the tariff situation. Q: What is causing the big drop in margins in the Broadband segment between Q1 and Q2? A: Walter Jankovic, CFO: The drop is due to a mix of cOS licenses and an estimated $3 million tariff impact. Q2 is a below-average quarter for cOS compared to other products. Q: Can you talk about the customer dynamics within the SaaS piece of the Video business? A: Walter Jankovic, CFO: There is a level of seasonality, especially with live sports events. Year-over-year growth is up 15%, and we expect growth in 2025, partly due to our partnership with Akamai. Q: How should we think about the traditional Appliance refresh cycle in the Video business? A: Nimrod Ben-Natan, CEO: We expect the refresh cycle to continue due to reasons like higher density, new features, and improved video quality. Our large installed base supports ongoing refreshes. Q: Can you provide an update on the status of amplifier availability and its impact on deployments? A: Nimrod Ben-Natan, CEO: The availability of amplifiers is progressing according to plan. We are collaborating with Sercomm to bring more choices to the market and speed up deployment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
