Harmonic Inc. (HLIT – Free Report) recently announced that Astound Broadband has opted to deploy its industry-leading cOS virtualized broadband platform to transform the latter’s broadband infrastructure. With this collaboration, the leading multiple systems operator in the United States aims to improve network efficiency, gain scalability and establish a clear path toward fiber deployment through a future-ready infrastructure.
How HLIT’s Solution Could Prove Beneficial?
Harmonic’s state-of-the-art cOS broadband platform is a cloud-native virtual platform that will provide Astound Broadband with a unified solution that caters to both current DOCSIS technology and future-proof passive optical network deployments for fiber-to-the-home networks. The platform, powered by the virtualized Cable Modem Termination System (vCMTS) software, integrates both the variants of DOCSIS 4.0 Full Duplex (FDX) and Frequency Division Duplexing (FDD). The combination of FDX and FDD in a single platform ensures greater flexibility, allowing operators to deliver multiple gigabit symmetrical speeds over the existing broadband infrastructure.
Per the agreement, Astound Broadband will implement the platform within a distributed access architecture and utilize Harmonic’s Pebble Remote Physical Layer Device to improve operational efficiency. To further enhance network capabilities, Harmonic’s cOS Central will deliver advanced analytics and automation for real-time network monitoring and proactive issue resolution. This powerful combination of software and analytics is poised to enable Astound Broadband to maintain a consistent and dependable broadband service experience for its customers. It is also expected to minimize hardware requirements and offer substantial efficiencies in power, space and cost.
Increasing Client Base to Drive HLIT’s Performance
Harmonic’s cOS platform supports more than 33 million homes globally, powering next-generation broadband services for leading operators across North America, Europe, Latin America and Asia. Astound Broadband’s adoption of this advanced platform underscores Harmonic’s commitment to innovation and customer satisfaction, positioning it as a leading provider of virtualized broadband and video delivery solutions.
With a strong presence in more than 50 countries, Harmonic is expected to benefit from the increasing customer base. This will likely enable the company to generate higher revenues in the upcoming quarters. An improved financial performance is likely to propel the stock upward.
HLIT’s Stock Price Performance
Shares of Harmonic have plunged 18.9% over the past year against the industry’s growth of 23.4%.
Image Source: Zacks Investment Research
HLIT’s Zacks Rank and Stocks to Consider
Harmonic currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
InterDigital (IDCC – Free Report) carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the trailing four quarters, it delivered an earnings surprise of 158.41%. It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Celestica Inc. (CLS – Free Report) sports a Zacks Rank #1 at present. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world’s leading original equipment manufacturers.
Arista Networks, Inc. (ANET – Free Report) , carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
Arista delivered a trailing four-quarter average earnings surprise of 12.87%. It has a long-term growth expectation of 14.41%.
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