Harmonic stock climbs on Charter partnership
Harmonic (NASDAQ:HLIT) shares gainedÂ 9%Â premarket on Tuesday after Charter Communications (NASDAQ:CHTR) selected the fiber-optic- systems maker as its strategic technology partner to deploy virtual CMTS technology for next-gen broadband services.
Under the deal, Charter will deploy Harmonic's CableOS Platform in a distributed access architecture for converged multi-gigabit DOCSIS 3.1 and 4.0, creating a flexible and sustainable foundation for connectivity services.