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Harmonic logs Q3 beat, pushes video operating margin

Oct. 30, 2017 4:56 PM ETHarmonic Inc. (HLIT) StockBy: Jason Aycock, SA News Editor
  • Harmonic (HLIT +3.5%) beat on top and bottom lines in Q3 earnings despite revenue that gained sequentially but fell off vs. the same quarter last year.
  • It hit record backlog and deferred revenue of $200.9M; its CableOS backlog is greater than $20M.
  • The company has also surpassed 20,000 live over-the-top channels powered globally.
  • Revenue breakout: Product, $58.2M (down 17.2%); Services, $33.85M (up 8.7%).
  • For Q4, it's guiding to (non-GAAP) revenue of $90M-$100M (Video, $89M-$86M; Cable Edge of $10M-$14M); gross profit of $47M-$53.5M; income from operations of -$3M to $5.5M; and net income of -$4M to $3M.
  • Conference call to come at 5 p.m. ET.
  • Press Release

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