Harmonic Inc. (HLIT) just recently reported its unaudited results for the third quarter of 2019.
On 07 Nov 2019, Harmonic Inc (NASDAQ: HLIT) stock soared 1.14% and closed at 7.96. The stock opened the session at $7.96 and touched its greatest price point at $8.04. Its recent trading capability is 377972 shares versus to its typical trading volume of 689421 shares. The business stock most affordable cost point for the session stood at $7.9. HLIT traded as low as $ 4.48 in the past 52 weeks, and shares hit its peak level to $8.11.
Q3 Financial and Business Highlights
Income: $ 115.7 M, up 15.0% year over year.
SaaS and service profits: $ 32.6 M, up 13.9% year over year.
Gross margin: GAAP 65.3% and non-GAAP 67.0%, contrast to GAAP 49.8% and non-GAAP 52.1% in the year ago period.
Cable television Access gross margin: 77.1%, contrast to 38.7% in the year ago period.
Video gross margin: 57.7%, contrast to 57.2% in the year ago period.
Operating income: GAAP income $ 22.5 M and non-GAAP earnings $ 29.9 M, contrast to GAAP loss $ 3.7 M and non-GAAP earnings $ 5.7 M in the year ago period.
EPS: GAAP net earnings per share 12 cents and non-GAAP earnings per share 25 cents, contrast to GAAP net loss per share 9 cents and non-GAAP earnings per share 4 cents in the year ago duration.
Cash: $ 66.7 M, up $ 8.6 M quarter over quarter and up $ 5.0 M year over year.
Completed a new $ 115.5 M convertible financial obligation issuance to re-finance about 65% of existing convertible debt, decreasing prospective dilution by 5% and yearly interest expense by 19%.
CableOS deployments scaled to over 935,000 served cable modems, up 20% quarter over quarter.
Prolonged Cable Access market leadership, revealing CableOS solution with broadened cloud-native and brand-new fiber-to-the-home capabilities.
Video SaaS providing now released with 36 consumers, up 29% quarter over quarter and 140% year over year.
Expanded addressed video market by launching brand-new CDN optimization service for high-demand live video streaming services.
The stock was at 32.23% over one-month efficiency. The typical volatility for the week at 2.82% and for month was at 3.45%.
On 07 Nov 2019, Harmonic Inc (NASDAQ: HLIT) stock skyrocketed 1.14% and closed at 7.96. Its recent trading capacity is 377972 shares versus to its typical trading volume of 689421 shares. The Technology sector company, Harmonic Inc observed return of 2.31% in 5 days trading activity. The stock was at 32.23% over one-month performance. The average volatility for the week at 2.82% and for month was at 3.45%.