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Harmonic Inc (HLIT.O)

HLIT.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Harmonic Q4 GAAP loss per share $0.13
Tuesday, 28 Feb 2017 04:07pm EST 

Harmonic Inc : Sees q1 2017 loss per share $0.19 to $0.24 . Sees q1 2017 revenue $86.5 million to $94.5 million . Harmonic inc sees q1 non-gaap loss per share $0.04 to $0.08 . Harmonic announces fourth quarter and fiscal 2016 results . Q4 non-gaap earnings per share $0.08 . Q4 gaap loss per share $0.13 . Q4 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Harmonic inc sees q1 non-gaap net revenue to be $87.0 million to $95.0 million . Q1 earnings per share view $0.00, revenue view $96.9 million -- Thomson Reuters I/B/E/S .GAAP net revenue for q4 of 2016 was $113.1 million, compared with $101.4 million for q3 of 2016.  Full Article

Harmonic announces CFO transition
Tuesday, 13 Dec 2016 04:00pm EST 

Harmonic Inc : Harmonic Inc - Harold Covert, company's Chief Financial Officer, intends to resign from CFO role . Harmonic Inc - Covert will continue to serve as CFO until after filing of company's 2016 annual report . Has launched a search for a new CFO .Harmonic announces CFO transition.  Full Article

Harmonic reports Q3 gaap loss per share $0.21
Wednesday, 9 Nov 2016 04:03pm EST 

Harmonic Inc - : Sees Q4 loss per share to be $0.20 to $0.18 . Sees Q4 net revenue to be $105.8 million to $110.8 million . Sees Q4 adjusted earnings per share to be $0.05 to $0.07 . Bookings for Q3 of 2016 were $97.3 million, compared with $117.3 million for q2 of 2016 . Q4 earnings per share view $0.13, revenue view $116.1 million -- Thomson Reuters I/B/E/S . Harmonic announces third quarter 2016 results . Q3 non-gaap loss per share $0.01 . Q3 gaap loss per share $0.21 . Q3 earnings per share view $0.03 -- Thomson Reuters I/B/E/S .Q3 revenue $101.7 million versus i/b/e/s view $107.2 million.  Full Article

Comcast reports 6.6 pct passive stake in Harmonic
Thursday, 29 Sep 2016 04:36pm EDT 

Comcast Corp :Comcast Corp reports 6.6 pct passive stake in Harmonic Inc, as of September 26, 2016.  Full Article

Harmonic says GAAP net revenue for Q2 of 2016 was $108.8 mln, compared with $81.8 mln for Q1 of 2016
Tuesday, 9 Aug 2016 04:03pm EDT 

Harmonic Inc : Q2 non-GAAP earnings per share $0.00 . Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S . Harmonic announces second quarter 2016 results . Q2 GAAP loss per share $0.27 . Qtrly backlog and deferred revenue grew to a record $190.4 million . Remained on track to realize $20-$22 million of annualized cost savings from combination of Harmonic and TVN by end of calendar year 2016 . Sees Q3 gross margin to be 50.0% to 51.0% . Sees Q3 2016 loss per share $0.14 to $0.16 . Sees 2016 net revenue to be $408.0 million to $418.0 million . Q2 earnings per share view $-0.04, revenue view $104.5 million -- Thomson Reuters I/B/E/S . FY2016 earnings per share view $0.06, revenue view $406.9 million -- Thomson Reuters I/B/E/S . Says GAAP net revenue for Q2 of 2016 was $108.8 million, compared with $81.8 million for Q1 of 2016 . Says bookings for Q2 of 2016 were $117.3 million, compared with $109.6 million for Q1 of 2016 . Harmonic Inc sees Q3 net revenue to be $104.5 million to $109.5 million . Sees FY 2016 loss per share $0.64 to $0.69 .Q3 earnings per share view $0.03, revenue view $105.3 million -- Thomson Reuters I/B/E/S.  Full Article

Harmonic reports Q1 non-gaap loss per share $0.11
Tuesday, 10 May 2016 04:03pm EDT 

Harmonic Inc : Sees Q2 net revenue to be $102 million to $107 million . Sees Q2 2016 loss per share $0.16 to $0.19 . Bookings for q1 of 2016 were $109.6 million, compared with $101.0 million for q4 of 2015 . Sees FY 2016 loss per share $0.59 to $0.62 . Gaap net revenue for q1 of 2016 was $81.8 million, compared with $86.6 million for Q4 of 2015 . Non-Gaap net revenue for q1 of 2016 was $82.5 million, compared with $86.6 million for q4 of 2015 . Sees Q2 2016 non-gaap loss per share $0.02 to $0.05 . Sees Q2 2016 non-gaap revenue $103 million to $108 million . Sees FY 2016 non-gaap earnings per share $0.09 to $0.12 . Harmonic announces first quarter 2016 results . Q1 non-gaap loss per share $0.11 . Q1 gaap loss per share $0.33 . Sees FY 2016 revenue $398 million to $413 million .Q1 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.  Full Article

Harmonic announces pricing of $125 million convertible notes offering
Wednesday, 9 Dec 2015 07:00am EST 

Harmonic Inc:Announced the pricing of $125.0 million aggregate principal amount of 4.00% convertible senior notes due 2020.Says it has also granted the initial purchaser of the notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the notes, solely to cover over-allotments, if any.Says sale of the notes to the initial purchaser is expected to settle on December 14, 2015 and is expected to result in approximately $120.8 million in net proceeds.Notes will be senior, unsecured obligations of Harmonic and will bear interest at a rate of 4.00% per year.Interest will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2016.Notes will mature on December 1, 2020.Expects to use up to $70.0 million of the net proceeds of the offering to pay a portion of the costs associated with its previously announced acquisition of Thomson Video Networks SAS.Also intends to use approximately $50.0 million of the net proceeds from the offering to repurchase shares of its common stock from purchasers of the notes.Intends to use any remaining net proceeds from the offering for working capital and general corporate purposes, including the repurchase of additional shares pursuant to its existing share repurchase program.  Full Article

Harmonic Announces Binding Offer to Acquire Thomson Video Networks
Monday, 7 Dec 2015 04:03pm EST 

Harmonic:Signed a binding offer to acquire Thomson Video Networks, a global leader in advanced video compression solutions.Under the terms of the offer which is in the form of a "put" option agreement, Harmonic would acquire all of TVN for approximately $75 million in cash plus up to $15 million in post-closing adjustments.The combined company would establish Harmonic with clear market share leadership in video infrastructure for the world's leading content and service providers, powered by the industry's largest video-focused R&D, service and support teams.Proposed transaction is anticipated to be accretive to Harmonic's non-GAAP net income in the first year after closing, exclusive of the amortization of intangibles and non-recurring charges.Harmonic was advised on the proposed acquisition by LD&A Jupiter.  Full Article

Harmonic announces $125m convertible note offering
Monday, 7 Dec 2015 04:03pm EST 

Harmonic:Says its intention to offer, subject to market conditions and other factors, $125.0 million aggregate principal amount of convertible senior notes due 2020 in a private placement to qualified institutional buyers.Notes will be unsecured, senior obligations of Harmonic, and interest will be payable semi-annually in arrears.The notes will be convertible into cash, shares of Harmonic's common stock, or a combination thereof, at Harmonic's election.Says the interest rate, initial conversion rate, repurchase rights and other terms of the notes are to be determined upon pricing of the offering by negotiations between Harmonic and the initial purchaser of the notes.Harmonic expects to use up to $70 million of the net proceeds of the offering to pay a portion of the costs associated with its previously announced acquisition of Thomson Video Networks SAS.  Full Article

Harmonic Inc has been awarded a $1 million contract from U.S. Naval Surface Warfare Center
Tuesday, 3 Nov 2015 08:00am EST 

Harmonic Inc:Has been awarded a $1 million contract from U.S. Naval Surface Warfare Center Corona Division in Norco, California, for Harmonic's next-generation video acquisition, playout and storage solutions.System will be supplied by systems integrator and Harmonic Platinum reseller DigitalGlue.  Full Article

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BRIEF-Harmonic Q4 GAAP loss per share $0.13

* Harmonic inc sees q1 non-gaap loss per share $0.04 to $0.08