Latest news with #NimrodBen-Natan
Associated Press
02-06-2025
- Business
- Associated Press
Vectra Powers Broadband Transformation with Harmonic
Harmonic's cOS Broadband Platform Enables World's First PTP-less Deployment to Fuel Vectra's Network Transformation and Enable Wholesale Fiber and DOCSIS Offerings SAN JOSE, Calif., June 2, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Vectra, one of the largest internet providers in Poland, has selected Harmonic's industry-leading cOS™ virtualized broadband platform to accelerate its multigigabit broadband service expansion, enable selective migration to deep fiber infrastructure and power its new wholesale fiber and DOCSIS offerings. This deployment marks the world's first implementation of Harmonic's PTP-less capability for distributed access architecture (DAA), setting new standards of excellence for broadband deployments with increased reliability, simplified operations and cost savings. 'Partnering with Harmonic aligns perfectly with our strategy to lead Poland into the new era of multigigabit broadband connectivity,' said Bartlomiej Irzynski, CTO of Vectra. 'The flexibility of the Harmonic cOS platform will enable us to offer outstanding broadband experiences that subscribers expect today while allowing for seamless future migration to fiber and next-generation DOCSIS networks. The Harmonic platform also empowers us to create new revenue streams with bitstream access and wholesale-over-DOCSIS services.' Vectra will deploy Harmonic's cOS platform in combination with Reef Remote PHY (R-PHY) Shelves, Oyster DAA nodes and a range of remote OLT devices. Vectra will also enable fiber connectivity to lower-density brownfield MDUs leveraging existing in-building coax wiring through Harmonic's newly launched SeaStar Optical Node. Adopting a PTP-less Virtualized Core allows Vectra to eliminate the complexities of traditional timing networks and increase reliability, simplifying rollouts and accelerating time to market for advanced broadband services. The cOS platform will enable Vectra's selective DOCSIS-to-PON migration for the delivery of high-speed fiber connectivity to targeted areas utilizing existing infrastructures, significantly reducing the operator's capital expenses. In addition, the cOS platform will allow Vectra to offer wholesale services over DOCSIS and PON to broadband partners in Poland, opening up additional revenue streams across its nationwide network. 'Our partnership with Vectra underscores the industry's growing momentum toward flexible, future-ready broadband architectures that are empowering next-generation broadband service delivery,' said Nimrod Ben-Natan, president and CEO at Harmonic. 'By adopting our cOS platform and its unique capabilities, Vectra is paving the way for multigigabit broadband services that scale with demand and drive new revenue opportunities.' Netceed, Harmonic's value-added solutions provider, will play a key role in facilitating smooth deployment for this project, accelerating the supply chain for broadband services and enabling efficient scale-up of the cOS platform. 'Our mission is to simplify and accelerate broadband expansion for our partners and ultimately their customers,' said Arek Zawada, managing director at Netceed Poland. 'By ensuring our partners have fast, reliable access to the right technology and support, we're helping them deliver high-speed connectivity to more communities more quickly. It's about empowering people and businesses with the digital infrastructure they need to thrive.' Harmonic is the market share leader in cable broadband equipment, virtual CMTS and DAA, according to Dell'Oro Group, the trusted source for market information about the telecommunications, networks and data center IT industries. The company's market-leading cOS platform powers next-gen broadband services through more than 33 million customer premises equipment (CPE) devices worldwide for leading operators in North America, Europe, Latin America and Asia. Harmonic will demonstrate its cOS broadband platform at ANGA COM, June 3-5 in Cologne, Germany, in hall 8, stand C35. To schedule a meeting with Harmonic, visit . To learn more about Harmonic's broadband solutions, visit . About Harmonic Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at . Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners. About Vectra Group The Vectra Group offers modern fiber-optic Internet, digital TV, VOD, OTT, mobile and fixed-line telephony services, as well as professional services for business. The Group is constantly developing and improving its products, including the Smart TV services, which enables the use of a modern video platform in the 4K resolution, both traditionally through a set-top box and through a mobile app, TV, or web browser. Currently, 1.7 million customers use Vectra Group's services, and the operator's network covers 6.7 million households. More information is available at . About Netceed Netceed is a global leader in distribution, logistics, technical engineering, and product design with over 30 years of expertise and performance supporting the telecommunications and broadband industry. Netceed supplies and distributes a comprehensive range of passive and active equipment and tooling for network deployment, upgrades, and maintenance, supporting all technologies including FTTH, FTTx, HFC, Wi-Fi, 5G/mobile, and data center. Netceed's comprehensive portfolio of 90,000+ products from nearly 1,500 industry-leading suppliers, along with their value-added supply chain solutions support carriers' seamless delivery of high-speed Internet, Video, Data, and Voice services to Residential, Business, and Mobile Users. Netceed employs around 1,800 people across 19 countries and counting, and its experienced team works hard every day shaping the future of communication networks across the globe. For more information, visit . View original content to download multimedia: SOURCE Harmonic Inc.
Yahoo
29-04-2025
- Business
- Yahoo
Harmonic Inc (HLIT) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $133.1 million, a 9% increase year over year. Adjusted EBITDA: $21 million, exceeding previous outlook. Operating Cash Flow: Strong, raising cash balance to $148.7 million. Share Repurchases: $36.1 million returned to shareholders. Backlog and Deferred Revenue: $485.1 million. Broadband Revenue: $84.9 million, 7.6% growth year over year. Broadband Gross Margin: 55.5%, reflecting a favorable product mix. Video Revenue: $48.3 million, up 11.8% year over year. Video SaaS Revenue: $14.8 million, up 15% year over year. EPS: $0.11, driven by higher-than-anticipated profitability. Gross Margin: 59.4%, significantly up both sequentially and year over year. Book-to-Bill Ratio: 0.9 for the quarter. Day Sales Outstanding: 67 days, improved from previous quarters. Inventory: Decreased by $1.9 million, with 103 days on hand. Q2 Broadband Revenue Guidance: $75 million to $85 million. Q2 Video Revenue Guidance: $45 million to $50 million. Q2 Total Company EPS Guidance: $0 to $0.04. Warning! GuruFocus has detected 2 Warning Signs with HLIT. Release Date: April 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Harmonic Inc (NASDAQ:HLIT) reported strong revenue growth, reaching $133 million, exceeding expectations in their Video segment. The company achieved an adjusted EBITDA of $21 million, surpassing previous outlooks. Operating cash flow was robust, increasing the cash balance to $149 million, even after $36 million in share repurchases. Harmonic Inc (NASDAQ:HLIT) added seven new logos, including a top 5 North American MSO and a tier-1 Latin American operator, indicating strong customer diversification. The company demonstrated significant innovation, including a 13 gigabits per second downstream throughput on a live unified system, showcasing industry-leading bandwidth performance. Harmonic Inc (NASDAQ:HLIT) anticipates 2025 to be a below-trend revenue year for Broadband due to Unified DOCSIS 4.0 timing and tariff exposure. The company faces potential tariff impacts, particularly in their Broadband business, which could affect financial performance. There is uncertainty in providing full-year guidance due to macroeconomic factors and shifting tariff policies. The book-to-bill ratio was 0.9, indicating a potential slowdown in order intake compared to previous quarters. Broadband gross margins are expected to decline in Q2 due to product mix and estimated tariff impacts. Q: Last quarter, there was some discussion of the Unified DOCSIS delay related to the amplifier piece. Any update on the industry's progress with these amplifiers? A: Nimrod Ben-Natan, CEO: According to our original plan, there is no change relative to what we expected at the beginning of the year. Q: Given the cash flow and balance sheet in Q1, does it make sense to buy products ahead of delivery to work around tariffs? A: Walter Jankovic, CFO: We are looking at options to bring inventory forward, especially with the current 90-day pause on tariffs. We have ample liquidity to bring in products sooner if advantageous. Q: When does the Fiber business begin to become a material part of revenue in terms of deployments? A: Nimrod Ben-Natan, CEO: While we did not provide a specific breakdown, the Fiber business is becoming sizable in terms of revenue. We have expanded the number of customers, and some bookings are significant. Q: How much of the second-half uncertainty is due to tariffs versus technology readiness? A: Walter Jankovic, CFO: The uncertainty is mainly due to macroeconomic factors associated with tariffs. We have not seen changes in customer behavior due to technology readiness. Q: Can you discuss potential options for diversifying your manufacturing footprint for the Broadband business? A: Walter Jankovic, CFO: We are exploring options beyond Asia, such as near-shoring to Mexico under USMCA rules. However, we need to understand the permanent tariff environment before making decisions. Q: Has there been any change in the spending trajectory from your two largest MSO customers? A: Walter Jankovic, CFO: We have not seen any change in customer behavior to date, despite the tariff situation. Q: What is causing the big drop in margins in the Broadband segment between Q1 and Q2? A: Walter Jankovic, CFO: The drop is due to a mix of cOS licenses and an estimated $3 million tariff impact. Q2 is a below-average quarter for cOS compared to other products. Q: Can you talk about the customer dynamics within the SaaS piece of the Video business? A: Walter Jankovic, CFO: There is a level of seasonality, especially with live sports events. Year-over-year growth is up 15%, and we expect growth in 2025, partly due to our partnership with Akamai. Q: How should we think about the traditional Appliance refresh cycle in the Video business? A: Nimrod Ben-Natan, CEO: We expect the refresh cycle to continue due to reasons like higher density, new features, and improved video quality. Our large installed base supports ongoing refreshes. Q: Can you provide an update on the status of amplifier availability and its impact on deployments? A: Nimrod Ben-Natan, CEO: The availability of amplifiers is progressing according to plan. We are collaborating with Sercomm to bring more choices to the market and speed up deployment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
