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Stock Market & Financial Investment News

News Breaks
January 17, 2014
06:25 EDTHLITHarmonic downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Harmonic following supply chain and customer checks that indicate a more cautious outlook near-term. The firm said operators priorities favor Set Top Boxes modems and routing, offsetting budgets for encoding and edge QAMs.
News For HLIT From The Last 14 Days
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November 11, 2014
08:09 EDTHLITHarmonic makes strategic investments in cloud companies
Harmonic announced that the company has made significant investments in Encoding.com, the world's largest video transcoding service, and VJU, one of the first companies to provide cloud-enabled playout solutions to the broadcast and pay-TV industries. Having a financial stake in Encoding.com and VJU strengthens Harmonic's ability to offer highly flexible and scalable cloud-based services that provides amazing video quality and dramatically simplified cloud-based operations. In addition to making a significant equity investment in VJU, Harmonic has signed a reseller agreement with the company, through which Harmonic will distribute its cloud playout solutions to the broadcast and pay-TV industries. VJU plans to use the Harmonic funding to continue making enhancements to its core product, expand cloud-based playout infrastructure, enhance quality of service, and support and grow its partnership network.

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