Piper Jaffray analyst Michael Olson views the 8% pullback in shares of Rovi (ROVI) over the past two weeks as a buying opportunity. Concerns around patent license renewals with three of the top-10 domestic service providers and trading around the acquisition of TiVo (ITVO) have pushed the stock lower, Olson tells investors in a research note. While a renewal with Comcast (CMCSA) does not appear imminent, DISH (DISH) and/or a third unnamed service provider could be signed within months, the analyst writes. He keeps an Overweight rating on Rovi with a $29 price target.
News For ROVI;TIVO;CMCSA;DISH From the Last 2 Days
Welcome to "Box Office Battle," The Fly's weekly preview projecting what the top films will be at the box office this weekend. 'THE LION KING'... To see the rest of the story go to thefly.com. See Story Here
Dish announced that it has appointed Kannan Alagappan Senior Vice President and Chief Technology Officer reporting to Dish President and CEO Erik Carlson. Alagappan has held technology leadership roles with major telecom and cloud services providers, including Reliance Jio, Telstra and Rackspace.
Netflix (NFLX) is scheduled to report results of its second fiscal quarter after market close on July 17, with a conference call scheduled for 6:00 pm ET. What to watch:... To see the rest of the story go to thefly.com. See Story Here