Canaccord Genuity 2012 Top Picks in New Media (KITD & ROVI) and Location Technology (TRMB & VELT)
Tweet
Share
E-mailGet Alerts KITD Hot Sheet
Price: $0.30 --0%
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity 2012 Top Picks in New Media and Location Technology
Analyst, Jeff Rath, said, "Our top picks within our New Media universe are KIT digital (Nasdaq: KITD)(BUY) and Rovi (Nasdaq: ROVI)(BUY). For KIT digital, we believe the company is very well-positioned to benefit from the accelerating market dynamics resulting from both NFLX’s rapid international expansion, particularly in Latin America, and, just as importantly, the accelerating launch of OTT services on the Xbox both in the U.S. and globally. ioko – KITD’s most recent (4/11/2011) and largest ($79.4M) acquisition – has executed some of the most successful Xbox OTT services to date with BSkyB and Foxtel, and is well-positioned to win many more as a derivative to the broad Xbox OTT push by Microsoft (Nasdaq: MSFT), in our opinion. Specific to Rovi, we continue to believe the company is wellpositioned to benefit from an increasing awareness of the OTT market and feel confident that numerous growth opportunities remain.
"Within our Location Technology universe, we like Trimble Navigation (Nasdaq: TRMB)(BUY) and Velti (Nasdaq: VELT)(BUY). For Trimble, we believe the company will continue to benefit from strong cyclical recoveries in its key Ag and E&C endmarkets, while recent acquisitions and SITECH channel expansion builds on solid historic growth rates and operating margin leverage. Specific to Velti, we feel that the company remains well positioned in a very strong macro and believe that both macro-economic and company-specific concerns have contributed to an oversold stock. In our opinion, global macro fears and recent industry changes appear to have less of a negative impact on Velti than the market implies."
Analyst, Jeff Rath, said, "Our top picks within our New Media universe are KIT digital (Nasdaq: KITD)(BUY) and Rovi (Nasdaq: ROVI)(BUY). For KIT digital, we believe the company is very well-positioned to benefit from the accelerating market dynamics resulting from both NFLX’s rapid international expansion, particularly in Latin America, and, just as importantly, the accelerating launch of OTT services on the Xbox both in the U.S. and globally. ioko – KITD’s most recent (4/11/2011) and largest ($79.4M) acquisition – has executed some of the most successful Xbox OTT services to date with BSkyB and Foxtel, and is well-positioned to win many more as a derivative to the broad Xbox OTT push by Microsoft (Nasdaq: MSFT), in our opinion. Specific to Rovi, we continue to believe the company is wellpositioned to benefit from an increasing awareness of the OTT market and feel confident that numerous growth opportunities remain.
"Within our Location Technology universe, we like Trimble Navigation (Nasdaq: TRMB)(BUY) and Velti (Nasdaq: VELT)(BUY). For Trimble, we believe the company will continue to benefit from strong cyclical recoveries in its key Ag and E&C endmarkets, while recent acquisitions and SITECH channel expansion builds on solid historic growth rates and operating margin leverage. Specific to Velti, we feel that the company remains well positioned in a very strong macro and believe that both macro-economic and company-specific concerns have contributed to an oversold stock. In our opinion, global macro fears and recent industry changes appear to have less of a negative impact on Velti than the market implies."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
- Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
