HLIT News

Harmonic Inc. (NASDAQ: HLIT) today announced that it will release its first quarter 2020 financial results after the market close on Monday, April 27, 2020. Harmonic will host a live webcast to discuss the company's results at 2:00 p.m. PT on the same day.

Harmonic (NASDAQ: HLIT) today announced the launch of Live Connection, a 30-day virtual showcase highlighting Harmonic's latest video streaming innovations. The online interactive series will shine light on the powerful benefits of Harmonic's software solutions and cloud-based platforms providing increased agility, flexibility, efficiency and continuity to meet the growing consumer demand for streaming and broadcast services.

Harmonic (HLIT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

The analysts covering Harmonic Inc. (NASDAQ:HLIT) delivered a dose of negativity to shareholders today, by making a...

The current global health crisis has given rise to rapid growth in network traffic, resulting in strain across global broadband networks. In order to address the recent surge and to support its many customers during these unprecedented times, Harmonic (NASDAQ: HLIT) today announced it will provide its EyeQ™ content-aware encoding (CAE) technology free for the next 90 days to help alleviate the current network constraints.

Harmonic (NASDAQ: HLIT) today announced CableOS® Reef, a new dense Remote PHY Shelf (RPS) that fundamentally changes the dynamics of cable network capacity expansion. By fully converging IP-based data, video and legacy services in centralized or remote facilities, this compact new indoor platform enables operators to more swiftly and economically address capacity issues while still leveraging their existing HFC outdoor access networks.

The tech sector has a reputation for taking all the oxygen in the markets – and for good reason. Tech stocks are the go-to thing in the today’s economy, where profitability is based on digital information. That’s just where the money is.And the numbers show it, as far as they can. Just two of the biggest tech companies, Apple and Microsoft, brought in a whopping 15% of the total return on the S&P 500 last year. It was truly an impressive performance.But for return-minded investors, the tech giants are not the only game in town. The small- to large-cap companies may not generate the buzz and the headlines, and their share of the broader market may not match the giants’, but Wall Street’s analysts say they are upward bound.With that in mind, we’ve used the TipRanks Stock Screener to search the database for smaller tech stocks with unanimous Buy ratings and better than 20% upside potential. Let’s take a closer look.Harmonic, Inc. (HLIT)The rise of the digital world has brought video content to the fore. From YouTube’s early days, to today’s ‘video on demand’ streaming sites, it’s clear that online content consumers want to see and hear more than just read. Harmonic inhabits the online video ecosystem, providing technology to develop and market video routing, server, and storage systems for producers and distributors.HLIT shares saw a recent drop, losing 15% year-to-date, despite a solid final quarter in 2019. Q4 results were solid, beating the estimates on both earnings and revenue. EPS, at 12 cents, was 50% better than expected, while the $122.2 million in revenue was 8.1% over the forecasts. It is the fourth quarter in a row that HLIT has beaten expectations. Forward guidance, however, overshadowed the earnings beat. The company issued projected 2020 earnings of $390 to $430 million, well below the $438.8 million consensus.Wall Street sees that pullback as creating a better entry point for the stock. Richard Valera, 5-star analyst with Needham, writes, “HLIT saw solid progress on the transition to SaaS/OTT in its video business, even as it issued below consensus revenue guidance for 2020. Net, with a solidified, if not enhanced, strategic position in the $1B+ CCAP/DAA market, and a conservatively set bar for 2020, we see HLIT shares as very attractive at current levels.”Valera’s $10 price target implies a 50% upside for the stocks, and reinforces his Buy rating. (To watch Valera’s track record, click here)Shares in Harmonic are selling for $6.67, and the average price target on the stock, $9.17, suggests room for 38.5% upside growth. The Strong Buy analyst consensus is based on 3 recent reviews, all Buys. (See Harmonic stock analysis at TipRanks)IAC/InterActiveCorp (IAC)Next up is the largest tech company on today’s list, with a market cap of $20 billion. InterActiveCorp is a holding company, owning media and internet brands in 100 countries worldwide. IAC’s brands include Match Group – the parent company of internet dating sites Tinder, OkCupid, and Match.com – as well as Vimeo, HomeAdvisor, and Investopedia. The company brings in well over $3 billion in annual revenues.IAC has a history of frequently shaking up its brand line-up. Last month, the company shed the CollegeHumor websites, while earlier this month it closed a $500 million deal to acquire Care.com. The acquisition represents a new move for IAC, as the company’s first step into the family care market, a $300 billion market. In another move of similar import, IAC will be spinning off the Match Group brands later this year.In the last four reported quarter, IAC has beaten the forecasts three times. The miss came in the most recent quarter, Q4 2019. The company reported EPS of $1.08, missing the estimates by 8.5%, based on revenue of $1.22 billion. While the total revenue missed expectations by just under 1%, it did represent an 11% gain year-over-year.Weighing in on the stock for Nomura after the earnings came in, 4-star analyst Mark Kelley sees a clear path forward for IAC. He wrote, “Results in IAC’s stub businesses were mostly positive. Dotdash continues to generate strong results... Vimeo was led by 45% YoY growth in Enterprise offerings, which continues to be a clear focus... The emerging businesses and expansion into the home care market… will become all the more important following the Match spin, expected at the end of 2Q.”Kelley puts a Buy rating on IAC, along with a $304 price target. His target indicates confidence – and a 32% upside to the stock. (To watch Kelley’s track record, click here)IAC’s unanimous Strong Buy consensus rating is based on no fewer than 13 recent Buy-side reviews. The stock is currently priced at $230.97, and the $294.50 average price target suggests room for 28% growth to the upside. (See IAC’s stock analysis at TipRanks)PROS Holdings (PRO)We finish today’s list with PROS Holdings, a business computer software company. PROS offers cloud-based SaaS products for price optimization, revenue management, and sales effectiveness. The company is based in Houston, Texas, and has offices London, Paris, and Sydney. PROS made its start marketing revenue management systems to the airline industry; the company is expected to bring in $297 million for the current fiscal year.To finish up 2019, PRO reported an earnings loss and revenue beat. EPS came in 37% worse than expected, at a net loss of 11 cents per share. Revenues, on the other hand, were up, as the company reported $66.18 million for the final quarter of the year. That was 3% above the forecast, and an impressive 26% year-over-year gain. Analysts expect Q1 2020 to show results similar to Q4.PRO shares dropped on the earnings release, as the stock has slid 16% since the report went public. Investors were clearly concerned by the slip in earnings. RBC Capital Alex Zukin, however, sounds a different note, emphasizing the company’s strengths in his post-earnings review of the stock.Zukin, a 5-star analyst, says up front, “PROS reported a record bookings quarter, its second of the year, and delivered revenue above expectations.” Regarding PRO’s forward prospects, he gets into greater detail, seeing three points to bolster optimism: “First, we think alignment with CRM/CPQ software means there is a clearer buyer for price optimization software. Second, we think a cloud delivery model helps… It also means the software can be consumed in smaller deals with faster time to value. Third, we think the digitization of B2B commerce likely increases the need for dynamic pricing across more companies and industries.”Zukin’s Buy rating on the stock comes with a $75 price target, suggesting a robust upside here of 47%. (To watch Zukin’s track record, click here.)All in all, PROS has 3 recent Buy ratings backing up its Strong Buy consensus. Shares are priced at $51.35, a bargain for such a high-potential stock. The average price target of $71.75 indicates room for 42% upside growth. (See PROS stock analysis at TipRanks)

If you own shares in Harmonic Inc. (NASDAQ:HLIT) then it's worth thinking about how it contributes to the volatility...

Harmonic (HLIT) deploys an advanced version of virtualized cable access network solution, CableOS Reef, to address the burgeoning demands of high network capacity requirements.

Does the April share price for Harmonic Inc. (NASDAQ:HLIT) reflect what it's really worth? Today, we will estimate the...

Harmonic (NASDAQ: HLIT) today announced that Foxtel, a leading subscription-TV provider in Australia, has deployed Harmonic's software-based Electra® XOS live video processor to increase efficiencies in its Ultra HD service offering. Utilizing the AI-powered Electra XOS solution, Foxtel is able to deliver additional Ultra HD programming using the same fixed bandwidth capacity.

Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2020.

Harmonic (HLIT) delivered earnings and revenue surprises of -100.00% and -7.16%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

In view of the rising concerns surrounding COVID-19, Harmonic fully supports the NAB's decision to cancel the 2020 NAB Show in April. The safety of our employees, customers and partners is of paramount importance to us. While we will miss the opportunity to connect in-person, we will take advantage of virtual communications to showcase our cloud-based video streaming platforms and vital service continuity capabilities, connecting with our customers and partners through Harmonic Live CONNECTION digital events worldwide.

Michael, you may begin. Thank you for joining us today for Harmonic's first quarter 2020 financial results conference call. With me today are Patrick Harshman, President and Chief Executive Officer, and Sanjay Kalra, Chief Financial Officer.

The telecommunications infrastructure company reported disappointing results and pulled its 2020 guidance.

Harmonic (HLIT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Q1 2020 Harmonic Inc Earnings Call

NEW YORK, NY / ACCESSWIRE / April 27, 2020 / Harmonic, Inc. (NASDAQ:HLIT) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 27, 2020 at 5:00 PM Eastern ...

Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Harmonic's chief executive officer, will present at the Raymond James 41st Annual Institutional Investors Conference in Orlando on Monday, March 2, 2020 at 8:00 a.m. PT.