Harmonic Inc (HLIT)
Harmonic Inc (HLIT) is a provider of software, hardware, and services for video delivery infrastructure, serving broadcasters, pay-TV operators, and online streaming providers. The company specializes in end-to-end solutions for video encoding, processing, and distribution, enabling high-quality, efficient, and scalable video delivery across multiple platforms.
Company News
Harmonic Inc. is being investigated for potential securities fraud violations after the company lowered its revenue outlook for the fourth quarter and full year, causing its stock price to drop sharply.
Harmonic, a video-streaming technology company, reported better-than-expected second-quarter results, leading to a 20.1% jump in its share price. The company's revenue and earnings surpassed Wall Street's expectations, and its video segment gross margins improved. However, investors should still be cautious as the company has a new CEO and its revenue and earnings were down year over year.
The global media video processing solutions market is expected to grow from $16.61 billion in 2023 to $73.51 billion by 2033, driven by the rising demand for high-quality video content and the proliferation of streaming services.
The agreement underscores the advantages of private LTE and expands Anterix's (ATEX) network of utility partnerships nationwide.
