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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:36 EDTHLITHarmonic reports preliminary Q2 EPS 0c-2c, consensus 6c
Reports preliminary Q2 revenue $108M-$110M, consensus $117.17M. GAAP gross margin is expected to be in the range of 44.5%-46.5%, compared with the company's previous guidance of 49.5%-50.5%. GAAP operating expenses are expected to be in the range of $58.5M-$59.5M, compared with the company's previous guidance of $61M-$62M. Non-GAAP gross margin is expected to be in the range of 49%-51%, compared with the company's previous guidance of 52.5%-53.5%. Non-GAAP operating expenses are expected to be in the range of $52.5M-$53.5M, compared with the company's previous guidance of $54.5M-$55.5M. Preliminary bookings for the Q2 were $113.4M, with first half 2014 bookings approximately 1% higher than bookings in the first half of 2013. Total backlog and deferred revenue was $132.1M as of June 27, compared to $126.4M as of March 29.
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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