HLIT Stock Recent News

SAN JOSE, Calif. and COLOGNE, Germany , Aug. 15, 2024 /PRNewswire/ -- German broadcaster RTL Deutschland has added eight new free ad-supported streaming television (FAST) channels to its video streaming service, expanding the number of viewing options for customers of its streaming service RTL+.

Running on the Public Cloud, Harmonic's DMS X SaaS Brings Industry-First Playout Control Capabilities to the Market-Leading XOS Advanced Media Processor SAN JOSE, Calif. , Aug. 14, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced DMS X, a new SaaS-based version of its Distribution Management System™ for the company's industry-leading XOS advanced media processor.

SAN JOSE, Calif. , Aug. 13, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Nimrod Ben-Natan, President and CEO of Harmonic, will participate in a fireside chat at the Rosenblatt 4th Annual Virtual Technology Summit, on Monday, August 19, 2024, at 11:00 a.m.

THB335 Phase 1 SAD/MAD clinical trial progressing; study now on track to report clinical results in 1Q'25 Strong financial position with cash and cash equivalents totaling $255.3 million  as of June 30, 2024 SAN FRANCISCO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory and gastrointestinal inflammatory diseases, today announced financial results for the second quarter June 30, 2024, along with business updates. “We are making excellent progress in our Phase 1 SAD/MAD clinical trial of THB335 and now expect to report clinical results during the first quarter of 2025,” said Natalie Holles, Chief Executive Officer at Third Harmonic Bio.

The consensus price target hints at a 30.8% upside potential for Harmonic (HLIT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Harmonic beat revenue and EPS estimates in Q2 2024, prompting investors to bid the share price up sharply. However, investors should pay more attention to the anticipated, double-digit earnings this year and next year. HLIT stock gets Strong Buy rating from the Quant system, Wall Street analysts, and this Seeking Alpha analyst.

Harmonic's VOS360 Media SaaS-based Solution Simplifies Media Processing, Playout and Primary Distribution for New Sports Channel in Mexico SAN JOSE, Calif. , July 31, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Vivo Worldwide Productions is powering Caliente TV, a new sports TV channel in Mexico, with Harmonic's comprehensive playout and distribution solution.

The company's revenue and earnings were down compared to Q2 2023. But they were ahead of Wall Street's estimates.

Harmonic Inc. (NASDAQ:HLIT ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Nimrod Ben-Natan - President and Chief Executive Officer Walter Jankovic - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities George Notter - Jefferies Tim Savageaux - Northland Capital Markets Operator Welcome to the Second Quarter 2024 Harmonic Earnings Conference Call. My name is Amy, and I will be your operator for today's call.

Harmonic (HLIT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.12 per share a year ago.