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SAN JOSE, Calif. - Harmonic (NASDAQ:HLIT), a video delivery solutions provider with annual revenue of $689 million and an impressive 55.47% gross margin, unveiled a new central management system for its hybrid streaming solution on Monday, designed to simplify workflow operations across cloud and on-premises environments. According to InvestingPro data, the company maintains strong financial health with a perfect Piotroski Score of 9.
The system allows operators to deploy and configure video workflows through a single interface, enabling seamless control of streaming services regardless of their location. According to the company, the management system optimizes costs by keeping high-demand content on-premises while shifting less popular content to the cloud.
"Hybrid streaming is rapidly becoming the standard as it lowers the total cost of ownership of any streaming platform," said Eric Gallier, vice president of video customer solutions at Harmonic.
The solution features automated rules-based operations that manage content migration based on factors such as freshness and popularity. The system also enhances operational resilience by leveraging cloud capabilities for redundancy and disaster recovery options.
Harmonic’s hybrid streaming solution supports various video use cases, including linear channel and video-on-demand streaming, time-shift, catch-up TV, network PVR, and server-side ad insertion.
The company will demonstrate the new management system at IBC2025, taking place September 12-15. The announcement was made in a press release statement from the video delivery solutions provider.
In other recent news, Harmonic Inc. reported robust second-quarter results for 2025, exceeding earnings and revenue expectations. The company achieved an earnings per share of $0.09, which was significantly higher than the projected $0.02, representing a 350% surprise. Revenue amounted to $138 million, surpassing the anticipated $127.73 million by 8.04%. Additionally, Harmonic’s technology has been adopted by Globoplay, Brazil’s largest video streaming platform, to provide low-latency live streaming for the 2025 Campeonato Brasileiro Série A football championship. This implementation involves streaming over 300 matches across 38 rounds, utilizing Harmonic’s VOS360 Media SaaS for high-quality video experiences. In a related development, Needham adjusted its price target for Harmonic to $12.00 from $14.00, while maintaining a Buy rating, due to a slowdown in cable upgrade spending. Harmonic’s Broadband revenues did not reach $100 million for the seventh time in ten quarters, highlighting the ongoing challenges in cable operator investments. These developments reflect the company’s recent activities and financial performance.
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