Harmonic (NASDAQ: HLIT) changed 0.73% to recent value of $6.87. The stock transacted 322157 shares during most recent day however it has an average volume of 960.64K shares. It spotted trading -15.08% off 52-week high price. On the other end, the stock has been noted 53.35% away from the low price over the last 52-weeks.
Harmonic (NASDAQ: HLIT) announced it has teamed up with Hewlett Packard Enterprise (HPE) to optimize deployments of its VOS® cloud-native platform. Together, Harmonic’s VOS offerings and HPE GreenLake deliver customer success through a consumption-based service that enables operators to achieve increased simplicity, scalability and cost savings for IPTV and OTT video delivery.
“Deploying a video SaaS in the data center has never been simpler,” said Shahar Bar, senior vice president, Video Business, at Harmonic. “We collaborated with HPE to bring the best of both worlds for operators that prefer on-premises systems but also want the agility of the public cloud. This flexible, consumption-based business model radically simplifies IT and frees up resources.”
HPE GreenLake is a suite of curated solutions that delivers IT outcomes with hardware, software and expertise on-premises. It alters the economics of video delivery for operators using Harmonic’s VOS offerings, providing access to on-premises IT and the benefits of cloud infrastructure. A wide range of applications are supported, including linear channel origination, live, SVOD, time-shift TV, live sports streaming, skinny bundles and disaster recovery.
“HPE GreenLake marks a paradigm shift in IT operations,” said Kong Hoe Chan, general manager, solution sales for HPE in APAC. “Collaborating with Harmonic, a leader in video technologies and services, we’re giving operators greater choices, enabling a hybrid mix of IT operating models and cloud-based media processing and delivery.”
Harmonic and HPE will initially roll out this service in the APAC region.
HLIT has a gross margin of 51.80% and an operating margin of -3.30% while its profit margin remained -7.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 70.90% for this year while earning per share for the next 5-years is expected to reach at 35.00%.
The company has 91.24M of outstanding shares and 86.02M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.16% from the mean of 20 days, -2.30% from mean of 50 days SMA and performed 18.48% from mean of 200 days price. Company’s performance for the week was 4.09%, 1.03% for month and YTD performance remained 45.55%.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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