Last $6.31 USD
Change Today +0.03 / 0.48%
Volume 442.2K
HLIT On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 12:30 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

harmonic inc (HLIT) Snapshot

Open
$6.27
Previous Close
$6.28
Day High
$6.35
Day Low
$6.25
52 Week High
10/22/13 - $8.25
52 Week Low
07/16/14 - $5.92
Market Cap
591.7M
Average Volume 10 Days
1.0M
EPS TTM
$0.26
Shares Outstanding
93.3M
EX-Date
--
P/E TM
24.1x
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, which are used by broadcasters, content owners, and multi-channel network operators 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 can automate various 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 products. 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. Harmonic Inc. sells its products to cable, satellite and telco, and broadcast and media companies. The company was founded in 1988 and is headquartered in San Jose, California.

1,036 Employees
Last Reported Date: 05/5/14
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 Inc. Revises Earnings Guidance for the Second Quarter Ended June 27, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Harmonic Inc. revised earnings guidance for the second quarter ended June 27, 2014. Net revenue for the second quarter of 2014 is expected to be in the range of $108.0 million to $110.0 million, compared with the previous guidance of $113.0 million to $123.0 million. GAAP gross margin is expected to be in the range of 44.5% to 46.5%, compared with the company's previous guidance of 49.5% to 50.5%. Non-GAAP gross margin is expected to be in the range of 49.0% to 51.0%, compared with the company's previous guidance of 52.5% to 53.5%. Non-GAAP net income per diluted share for the second quarter of 2014 is expected to be in the range of $0.00 to $0.02. GAAP gross profit from continuing operations to be in the range of $48.0 million to $51.0 million, loss from continuing operations to be in the range of $8.5 million to $10.5 million, non- GAAP gross profit from continuing operations to be in the range of $53.0 million to $56.0 million and income from continuing operations to be in the range of $0.5 million to $2.5 million. For the third quarter of 2014, the company anticipates net revenue in the range of $103.0 million to $113.0 million, GAAP gross margins in the range of 48.0% to 49.0%, and non-GAAP gross margins in the range of 52.0% to 53.0%.

Harmonic Inc., Q2 2014 Earnings Call, Jul 14, 2014

Harmonic Inc., Q2 2014 Earnings Call, Jul 14, 2014

Harmonic Introduces Distributed CCAP System

Harmonic announced NSG Exo, a cost-effective cable edge device for enabling the deployment of a Distributed Access Architecture (DAA) utilizing coax networks. NSG Exo, a distributed CCAP system, allows service providers to move their RF delivery requirements out of the headend or hub and deeper into the network, simplifying network design and operation to resolve power and space constraints, provide service flexibility, and lower capital and operational expenses. NSG Exo is one of the industry's first offerings to support a DAA. Leveraging industry standards, the CCAP-ready system includes DOCSIS/EuroDOCSIS/J-DOCSIS CMTS capabilities with universal edgeQAM capabilities coming soon. By enabling the delivery of video, data and voice (triple play) services over coax using a single, low-power device, NSG Exo helps cable and telco service providers, as well as business owners, generate additional revenue opportunities by reaching an untapped customer base, such as multiple-dwelling-units (MDUs), hospitality and college campuses. Utilizing GigE, GPON, or EPON networks, NSG Exo excels at delivering high-bandwidth services to dense pockets of coax infrastructure. Major CAPEX savings can be realized, as operators can now use a single device to deploy high-quality, high-speed triple-play services. The compact NSG Exo minimizes power and space requirements in the headend. Low power consumption of just 45 watts provides significant OPEX savings. As part of a Flexible Edge architecture, in which a simplified and unified access network allows operators to deliver differentiated residential, commercial and wireless services across any access medium, NSG Exo also assures the ability to keep pace with evolving business and industry requirements, such as the move to DOCSIS 3.1. NSG Exo can easily be integrated into an operator's network leveraging standard DOCSIS back-office provisioning and DOCSIS cable modems. Initially, NSG Exo will be available in an indoor enclosure, as a 1-RU, 19-inch wide chassis. NSG Exo is currently in multiple trials and will be available commercially in third quarter of 2014.

 

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Industry Analysis

HLIT

Industry Average

Valuation HLIT Industry Range
Price/Earnings 25.3x
Price/Sales 1.3x
Price/Book 1.3x
Price/Cash Flow 17.7x
TEV/Sales 0.9x
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