SAN JOSE, Calif. - Harmonic (NASDAQ: NASDAQ:HLIT) has unveiled its Beacon intelligent speed maximizer (ISM) application, an addition to its cOS™ virtualized broadband platform, aimed at increasing broadband speeds and reliability while lowering operational expenses for service providers. The Beacon ISM is designed to enhance the quality of experience for subscribers and assist in revenue growth and retention by improving spectrum efficiency on a per-subscriber basis.
The introduction of Beacon ISM marks a significant advancement in edge compute applications, offering scalability, security, and network reliability enhancements over traditional profile management applications (PMA). Harmonic's senior vice president and general manager of Broadband Business, Nimrod Ben-Natan, emphasized the importance of network reliability and the role of Beacon in providing a new level of broadband quality. The application's integrated automations are expected to deliver faster and more reliable services to subscribers.
Beacon's dynamic mitigation of network impairments aims to address service-impacting issues preemptively, resulting in maximized speeds and reduced operational costs due to fewer service calls. The cOS platform, recognized with an Emmy Award, incorporates artificial intelligence and machine learning technologies to offer real-time insights into network health and performance.
Harmonic's cOS platform is reported to be the industry's most deployed virtualized core software, powering broadband services to over 28 million homes and serving more than 110 providers globally. The Beacon application represents Harmonic's ongoing commitment to simplifying operations and enhancing broadband networks
InvestingPro Insights
As Harmonic (NASDAQ: HLIT) continues to innovate with its Beacon intelligent speed maximizer (ISM) and cOS™ platform, financial metrics from InvestingPro reveal a mixed picture. The company has a market capitalization of $1.05 billion and a Price-to-Earnings (P/E) ratio standing at 12.35 for the last twelve months as of Q4 2023. This valuation comes in the context of a slight revenue decline of -2.73% over the same period.
Two key "InvestingPro Tips" for HLIT indicate that the stock is currently in oversold territory according to the Relative Strength Index (RSI), which could suggest a potential rebound opportunity for investors. Additionally, while analysts predict the company will be profitable this year, net income is expected to drop. This insight is particularly relevant for investors considering Harmonic's commitment to enhancing broadband networks, as it could impact future profitability and market performance.
Investors looking for a deeper dive into Harmonic's financial health and future prospects can find additional "InvestingPro Tips" on the InvestingPro platform. As of now, there are 9 more tips available, providing a comprehensive analysis of the company's performance and market position. For those interested in accessing these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. Remember, staying informed with the latest data and expert analysis is key to making smart investment decisions.
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