Stock News Buzz: Harmonic (NASDAQ: HLIT)

Harmonic (NASDAQ: HLIT) identified change of 53.35% away from 52-week low price and recently located move of -15.08% off 52-week high price. It has market worth of $626.82M . HLIT stock has been recorded -2.30% away from 50 day moving average and 18.48% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.16% off 20-day moving average.

Harmonic (NASDAQ: HLIT), in collaboration with Google and 3SS, has created an integrated OTT and broadcast live sports workflow on Android TV™, delivering essential tailored features such as picture-in-picture, multi-view and personalized mosaic. At IBC2019, on Harmonic Stand 1.B20 and Google Stand 14.E02, the companies will demonstrate how pay-TV operators can now deliver personalized, low-latency live sports experiences on OTT and hybrid set-top boxes (STBs) using Harmonic’s VOS® cloud-native live video platform, a powerful UHD STB and the 3READY custom launcher application from 3SS.

The demo incorporates Harmonic’s containerized VOS software platform, spanning content preparation through origin server, hosted on Google Cloud Platform. Enabling unified OTT and broadcast delivery workflows, the VOS platform ensures low latency and exceptional picture quality for all multistream applications, improving the live sports experience.

“Personalized experiences are common in OTT sports environments, and it’s time to bridge the gap between the OTT and broadcast worlds,” said Shahar Bar, senior vice president, Video Business, at Harmonic. “This tailored live sports OTT and linear experience on Android TV is a breakthrough in our industry, made possible thanks to a unique cloud-native live video platform provided by Harmonic, a powerful UHD STB powered by Android TV and an intuitive user experience enabled by 3SS.”

“The customer need for live sports is super simple. It has to be live and in best quality. The reality is that OTT live streams typically have a latency between 30-90 seconds and are often far from ultra-high quality,” said Pierre Donath, chief product officer at 3SS. “Together with Harmonic, we challenged what’s possible and created the next level of OTT live sports and personalized linear experience by combining our industry-leading technologies powered by Android TV.”

 The Technology sector company, Harmonic Inc. noticed change of 0.73% to $6.87 along volume of 322157 shares in recent session compared to an average volume of 960.64K. The stock observed return of 4.09% in 5 days trading activity. The stock was at 1.03% over one month performance. HLIT’s shares are at 23.78% for the quarter and driving a 32.12% return over the course of the past year and is now at 45.55% since this point in 2018. 

 The average volatility for the week at 4.79% and for month was at 3.45%. There are 91.24M shares outstanding and 86.02M shares are floated in market. Right now the stock beta is 0.88. 

Leave a Reply

Your email address will not be published. Required fields are marked *