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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Comcast Corporation | NASDAQ:CMCSA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.425 | 1.12% | 38.295 | 38.29 | 38.30 | 38.55 | 36.43 | 37.10 | 14,596,496 | 18:38:11 |
From Apr 2019 to Apr 2024
By Josh Beckerman
Harmonic Inc. (HLIT), which provides video infrastructure technology, said Comcast Corp. (CMCSA) has agreed to buy Harmonic shares under a warrant agreement.
Vesting of the stock will be based on steps including successful field trials and Comcast payments for Harmonic technology such as CableOS software.
Comcast may purchase up to 7.8 million shares. In after-hours trading, Harmonic shares rose 4% to $4.85.
Harmonic said it is "well positioned to further strengthen our partnership with Comcast."
Earlier Tuesday, Harmonic said a new CableOS system is now in trials at multiple cable systems, with commercial deployments expected to start in the fourth quarter.
In February, San Jose-based Harmonic bought video compression company Thomson Video Networks. In August, Harmonic said its second-quarter net loss widened on higher costs, while revenue rose to $108.8 million from $103.1 million and the company reported a record backlog.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 27, 2016 17:23 ET (21:23 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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