Harmonic CableOS tops charts
May 10, 2023
Harmonic’s Nasdaq stock price jumped nearly 20 per cent after it revealed to investors big gains in its cable-net virtualisation software in Q1. CableOS now reckons to control around 10 per cent of modems connected to DOCSIS 3.1 networks worldwide, about 18.4 million total.
CableOS replaces expensive cable modem termination system (CMTS) hardware in networks with software that can run on widely available servers. As operators like Comcast and Charter upgrade their cable networks to the new DOCSIS 4.0 tech standard over the next three years, and with FTTH network operators also deploying CableOS, Harmonic still has strong growth prospects for the solution. It says CableOS is deployed by 94 network operators worldwide, 22 per cent of which have signed on in the last year.
Harmonic’s broadband segment revenue was up 23 per cent in the first quarter to $100.4 million (€91.4m). Meanwhile, on the video side of the operation, advances by Harmonic’s cloud-based VOS360 video software-as-a-service (SaaS) product pushed revenue up 13 per cent in Q1 to $57.3 million. Total company revenue in the first quarter was up nearly 7 per cent to $157.6 million, a record.