While Harmonic’s video business is showing signs of steadying, this does not make the two-year chart any easier to look at. The US technology company reported video revenue of $45.8 million for the quarter, up from $43.2 million in Q1, but still down substantially from $58.9 million a year ago and a stretch from Q2 2022’s tally of $76.2 million. Harmonic’s video stabilization and improved profitability came at the cost of a plateau in the business’ transition to a SaaS-based model, with SaaS as a percentage of revenue dropping off for the first time, as shown in our graph below. This is an indicator that video appliances made a slight comeback in Q2 2024, recording a small quarterly bump in…