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Fly News Breaks for December 4, 2019
TIVO, AMZN
Dec 4, 2019 | 11:07 EDT
TiVo (TIVO) yesterday confirmed that Amazon (AMZN) content is available to its pay-TV customers nationwide through the integration of the Amazon Prime Video app into the company's OneSearch technology, B. Riley FBR analyst Eric Wold tells investors in a research note. The analyst, who admits announcements like this may normally seem relatively immaterial, views the Amazon integration as "potentially important" to TiVo's growth and valuation outlooks. Further, Wold confirmed that TiVo was able to secure the enhanced Amazon content relationship without having to provide intellectual property license to Amazon. As such, the announcement is the first example that validates the value-creating opportunities the company's separation plans can provide, contends Wold. He believes the partnership highlights the benefits of the planned separation of TiVo's intellectual property and product segments and provides a "clearer path to value." The analyst reiterates a Buy rating on TiVo with a $19 price target. The stock in morning trading is up 4% to $8.06.
News For TIVO;AMZN From the Last 2 Days
TIVO
Feb 19, 2020 | 08:42 EST
B. Riley FBR analyst Eric Wold raised the firm's price target on Xperi (XPER) to $36 from $28 and reiterates a Buy rating on the shares. The company last night reported Q4 results that exceeded expectations for both billings and EBITDA, Wold tells investors in a research note. The analyst is increasingly positive around the synergies to come from the proposed TiVo (TIVO) merger and believes the pro forma projections are achievable given improving underlying revenue run-rates at the two companies.
AMZN
Feb 19, 2020 | 08:07 EST
Tech Data (TECD) announced that it has partnered with nOps, a provider of a software-as-a-service, or SaaS, cloud management platform for Amazon (AMZN) Web Services, or AWS. The nOps solution offering will empower Tech Data's U.S. partners to help their end-user customers build, manage, and run secure and optimized AWS infrastructures. It will also ensure Tech Data partners can maintain their customers through continuous alignment with the AWS well-architected framework and other industry best practices.