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Harmonic Inc (HLIT.O)

HLIT.O on Nasdaq

4.45USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Avid Technology announces global patent cross-licensing agreement with Harmonic​
Monday, 30 Oct 2017 04:09pm EDT 

Oct 30 (Reuters) - Avid Technology Inc : :Avid Technology Inc - ‍announced a global patent cross-licensing agreement with Harmonic Inc.​.Avid Technology Inc - ‍under terms of settlement, Harmonic will pay $6.0 million to Avid​.Avid Technology Inc - ‍ending patent infringement litigation against Harmonic on a mutually acceptable basis without trial​.  Full Article

Harmonic reports Q3 ‍loss per share $0.19
Monday, 30 Oct 2017 04:05pm EDT 

Oct 30 (Reuters) - Harmonic Inc :Harmonic announces third quarter 2017 results.Q3 revenue $92 million versus I/B/E/S view $85.6 million.Qtrly ‍loss per share $0.19.Sees Q4 2017 eps loss $0.19 - $0.08‍​.Sees ‍Q4 2017 net revenue $90 million to $100 million​.Qtrly ‍​non-gaap loss per share $0.01.Sees ‍fy 2017 net revenue $347.9 million to $357.9​ million.  Full Article

Harmonic says entered into a loan and security agreement with Silicon Valley Bank
Monday, 2 Oct 2017 04:38pm EDT 

Oct 2 (Reuters) - Harmonic Inc :Harmonic Inc says ‍on Sept 27, 2017, Harmonic entered into a loan and security agreement with Silicon Valley Bank - SEC Filing​.Harmonic Inc - ‍loan agreement provides a secured revolving credit facility in amount of up to $15.0 million.Harmonic Inc - prior to Nov 1, company may borrow up to $7.5 million in excess of borrowing base limit.Harmonic Inc- lender's commitments under agreement terminate, outstanding loans and accrued and unpaid interest are due and payable, on Sept 27, 2019.  Full Article

Harmonic Q2 GAAP loss per share $0.39
Monday, 31 Jul 2017 04:03pm EDT 

July 31 (Reuters) - Harmonic Inc :Harmonic announces second quarter 2017 results.Q2 non-GAAP loss per share $0.20.Q2 GAAP loss per share $0.39.Q2 revenue $82.3 million versus I/B/E/S view $84.4 million.Q2 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.Says ‍bookings for Q2 of 2017 were $91.1 million, compared with $82.1 million for Q1 of 2017​.Harmonic Inc sees Q3 net revenue $80.0 million to $90.0 million.Harmonic Inc sees FY 2017 net revenue $335.5 million to $355.5 million.Harmonic Inc sees Q4 net revenue $90.0 million to $100.0 million.Harmonic Inc sees Q3 loss per share $0.16 to $0.25.Harmonic Inc sees Q4 loss per share $0.07 to $0.18.Harmonic Inc sees FY loss per share $0.94 to $1.11.Harmonic Inc sees Q3 adjusted loss per share $0.03 to $0.11.Harmonic Inc sees FY adjusted loss per share $0.33 to $0.50.  Full Article

Avid's patent infringement claims against Harmonic Inc set to go on trial
Wednesday, 19 Jul 2017 09:00am EDT 

July 19 (Reuters) - Avid Technology Inc :Avid's patent infringement claims against Harmonic Inc set to proceed to trial.Avid Technology Inc - ‍addressed status of patent infringement litigation which has been ongoing against Harmonic Inc since 2011​.  Full Article

Harmonic sees Q2 non-gaap loss per share of $0.19 to $0.21
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Harmonic Inc ::Harmonic announces updated guidance for second quarter 2017 results.Sees Q2 2017 non-gaap loss per share $0.19 to $0.21.Sees Q2 2017 gaap loss per share $0.40 to $0.41.Sees Q2 2017 revenue $80 million to $82 million.Harmonic Inc - ‍bookings for Q2 of 2017 are anticipated to be in range of $90.0 million to $91.0 million​.Harmonic - for Q2 of 2017, company anticipates gaap gross margins in range of 41.0 pct to 42.0 pct.Harmonic - for q2 of 2017, company anticipates non-gaap gross margins in range of 48.0 pct to 49.0 pct.Q2 earnings per share view $-0.03, revenue view $98.7 million -- Thomson Reuters I/B/E/S.Harmonic - total contract value (TCV) of bookings grew 90 pct sequentially from $4.0 million in Q1 2017 to $7.6 million in Q2 2017.  Full Article

Harmonic appoints Sanjay Kalra as chief financial officer
Tuesday, 6 Jun 2017 07:00am EDT 

June 6 (Reuters) - Harmonic Inc :Harmonic appoints Sanjay Kalra as chief financial officer.Former chief financial officer Harold Covert will remain an advisor to company through July.  Full Article

Harmonic Q1 GAAP loss per share $0.30
Monday, 1 May 2017 04:03pm EDT 

May 1 (Reuters) - Harmonic Inc ::Harmonic announces first quarter 2017 results.Q1 non-GAAP loss per share $0.14.Q1 GAAP loss per share $0.30.Q1 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue $398.5 million to $418.5 million.Harmonic inc - bookings for q1 of 2017 were $82.1 million, compared with $116.9 million for q4.Harmonic inc - harmonic anticipates q2 net revenue to be $94.5 million to $102.5 million.Says GAAP net revenue for q1 of 2017 was $82.9 million, compared with $113.1 million for q4.Q1 revenue view $92.6 million -- Thomson Reuters I/B/E/S.Harmonic inc sees Q2 loss per share to be in the range of $0.20 to $0.16.Harmonic inc - sees Q2 non-GAAP loss per share of $0.04 ranging to break-even.Q2 earnings per share view $0.01, revenue view $104.8 million -- Thomson Reuters I/B/E/S.Harmonic inc sees 2017 non-gaap eps to be $0.02 to $0.16.Harmonic inc - for 2017, harmonic anticipates gaap share loss to be $0.48 to $0.33.  Full Article

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

BRIEF-Avid Technology announces global patent cross-licensing agreement with Harmonic​

* Avid Technology Inc - ‍announced a global patent cross-licensing agreement with Harmonic Inc.​