OverviewSuggest Edit

Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet. The Company's products fall into four principal categories; video production products, video server products for playout, video processing products, and cable edge products. Video production products are used to support video editing, post-production, and finishing. Server systems are used to assemble and play out one or more channel systems. Video processing products are used by media companies, broadcasters, telcos, satellite operators, cable operators, and OTT operators to acquire and use different types and sources of video signals. Cable edge products are used by cable operators to deliver customized broadcast or on-demand and data services to their subscribers. Harmonic supplies cable television headend or hub devices that receive digital video or data from the operator network, re-packetizes the video or data into a MPEG transport stream, then digitally modulates the MPEG transport stream onto a downstream RF channel using quadrature amplitude modulation (QAM). Harmonic sells its products to cable, satellite and telco, and broadcast and media companies. 

TypePublic
HQSan Jose, CA, US
Websiteharmonicinc.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)1,172
Revenue (FY, 2019)$402.9 M
Share Price (Jan 2021)$7.9 (-2%)
Cybersecurity ratingCMore

Key People/Management at Harmonic

Shahar Bar

Shahar Bar

Senior Vice President, Video Products & Corporate Development
Patrick Gallagher

Patrick Gallagher

Chairman of the Board
Patrick Harshman

Patrick Harshman

President & Chief Executive Officer
Deborah Clifford

Deborah Clifford

Director
Nimrod Ben-Natan

Nimrod Ben-Natan

Senior Vice President & General Manager, Cable Access Business
David Krall

David Krall

Director
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Harmonic Office Locations

Harmonic has offices in San Jose, Lane Cove North, Issy-les-Moulineaux, Hong Kong and in 7 other locations
San Jose, CA, US (HQ)
4300 N 1st St
Lane Cove North, AU
Level 1/706 Mowbray Rd W
Issy-les-Moulineaux, FR
1st Floor, 12 Rue Rouget de Lisle
Hong Kong, HK
8 Argyle St
Noida, IN
Green Building, 5th Floor, Plot No 19A, Sector 16A Film City
Caesarea, IL
19 Alon Hatavor St., P.O.B 3600 Caesarea Industrial Park
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Harmonic Financials and Metrics

Harmonic Revenue

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Harmonic's revenue was reported to be $402.87 m in FY, 2019
USD

Revenue (Q3, 2020)

94.9m

Gross profit (Q3, 2020)

48.9m

Gross profit margin (Q3, 2020), %

51.6%

Net income (Q3, 2020)

(5.4m)

EBIT (Q3, 2020)

(1.6m)

Market capitalization (15-Jan-2021)

771.2m

Closing stock price (15-Jan-2021)

7.9

Cash (25-Sept-2020)

70.8m

EV

857.5m
Harmonic's current market capitalization is $771.2 m.
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Harmonic Operating Metrics

Harmonic's Backlog was reported to be $188.4m in FY, 2016.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2016Q2, 2016Q3, 2016FY, 2015Q1, 2017FY, 2016

Backlog

$128.70 m$120.10 m$188.40 m

Patent Applications

22 22 22 23 22 78 90 30 80 78

Patents (Foreign)

33 33 33 34 34 42 42 35 44 44

Patents (US)

53 54 54 55 55 69 69 59 73 71
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Harmonic Revenue Breakdown

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Harmonic revenue breakdown by business segment: 86.6% from Video and 13.4% from Cable Edge

Harmonic Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

SecurityScorecard logo

Harmonic Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Harmonic Online and Social Media Presence

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Harmonic News and Updates

Harmonic to Participate in Upcoming 2020 Investor Virtual Conferences

SAN JOSE, Calif., Aug. 28, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) ("Harmonic" or the "Company") today announced that Patrick J. Harshman, President and CEO of Harmonic, will participate in a fireside chat at the Jefferies Virtual Software Conference on September 15, 2020 at 3:00pm...

Video Streaming and Broadcasting Equipment Market - A Comprehensive Study with leading Players- Harmonic, Cisco Systems, Ericsson

The qualitative research study conducted by HTF MI titled “COVID-19 Outbreak-Global Video Streaming and Broadcasting Equipment Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020” provides primary Data, surveys, Scope of the Product and vendor briefing…

Thinking about buying stock in Sonnet BioTherapeutics, CHF Solutions, Harmonic Inc, Tiziana Life Sciences, or Seanergy Maritime Holdings?

NEW YORK, Aug. 4, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SONN, CHFS, HLIT, TLSA, and SHIP. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Harmonic stock jumps as results beat, strong outlook issued

Harmonic Inc. shares surged in the extended session Monday after the video-services company topped Wall Street estimates for the quarter and issued a strong outlook for the year. Harmonic shares jumped 17% after hours, following a 0.7% rise in the regular session to close at $5.62. The company repo…

Harmonic to Participate in the Stifel 2020 Virtual Cross Sector Conference

SAN JOSE, Calif., June 8, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Sanjay Kalra, chief financial officer of Harmonic Inc, will present at the Stifel 2020 Virtual Cross Sector Conference on Tuesday, June 9, 2020 at 12:00 p.m. ET. A live audio webcast of the...

Harmonic Inc. Announces Exchange of Convertible Notes

SAN JOSE, Calif., May 29, 2020 /PRNewswire/ -- Harmonic Inc. ("Harmonic") (NASDAQ: HLIT) today announced that it has entered into separate privately negotiated transactions to exchange approximately $36.8 million in aggregate principal amount of its 4.00% Convertible Senior Notes due 2020...
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Harmonic Blogs

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2020 Results

SAN JOSE, Calif. , Jan. 19, 2021 /PRNewswire/ --  Harmonic (NASDAQ: HLIT) today announced that it will release its fourth quarter and full year 2020 financial results after the market close on Monday, February 1, 2021 . Harmonic will host a live webcast to discuss the company's results at 2:00 p.m.

Harmonic to Participate in the 23rd Annual Needham Virtual Growth Conference

SAN JOSE, Calif. , Jan. 6, 2021 /PRNewswire/ --  Harmonic (NASDAQ: HLIT) today announced that Patrick J. Harshman , President and CEO of Harmonic, will participate in a fireside chat at the 23 rd Annual Needham Virtual Growth Conference on Wednesday, January 13, 2021 at 7:00 a.m. PT / 10:00 a.m.

TWT Digital Communication Selects Harmonic as its Next-Gen Broadband Access Platform

SAN JOSE, Calif. , Dec. 15, 2020 /PRNewswire/ --  Harmonic (NASDAQ: HLIT) today announced that TWT Digital Communication Inc. , a leading cable operator in Taiwan reaching more than 500,000 homes passed, has deployed Harmonic's industry-leading CableOS ® Platform and CableOS Central analytics

Edge Networks Launches NextGen TV Service with Harmonic

Harmonic's Hybrid Streaming and Broadcast Solution Enables Cutting-Edge Service for Evoca TV SAN JOSE, Calif. , Dec. 9, 2020 /PRNewswire/ --  Harmonic (NASDAQ: HLIT) today announced that Edge Networks has launched its groundbreaking new Evoca television service with an end-to-end solution from

Harmonic’s CableOS Platform Sets Access Communications on Path to Next-Gen Broadband

SAN JOSE, Calif. — Dec. 2, 2020 — Harmonic (NASDAQ: HLIT) today announced that Canadian telecommunications company Access Communications has deployed Harmonic’s industry-leading CableOS® Platform to transform its broadband operations, lower opex with green technology and deliver a superi…

Harmonic's CableOS Platform Sets Access Communications on Path to Next-Gen Broadband

Harmonic's CableOS Platform Sets Access Communications on Path to Next-Gen Broadband Content Import Wed, 12/02/2020 - 08:02 Harmonic's CableOS Platform Sets Access Communications on Path to Next-Gen Broadband 12/02/20 This release is a backfill from a News Wir…
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Harmonic Frequently Asked Questions

  • Who are Harmonic key executives?

    Harmonic's key executives are Shahar Bar, Patrick Gallagher and Patrick Harshman.

  • How many employees does Harmonic have?

    Harmonic has 1,172 employees.

  • What is Harmonic revenue?

    Latest Harmonic annual revenue is $402.9 m.

  • What is Harmonic revenue per employee?

    Latest Harmonic revenue per employee is $343.7 k.

  • Who are Harmonic competitors?

    Competitors of Harmonic include MediaKind, Avantel and Cogeco.

  • Where is Harmonic headquarters?

    Harmonic headquarters is located at 4300 N 1st St, San Jose.

  • Where are Harmonic offices?

    Harmonic has offices in San Jose, Lane Cove North, Issy-les-Moulineaux, Hong Kong and in 7 other locations.

  • How many offices does Harmonic have?

    Harmonic has 13 offices.