Barclays Reiterates an 'Overweight' on TiVo (TIVO); Core Ops Not Even All Priced In
Tweet
Share
E-mailGet Alerts TIVO Hot Sheet
Price: $6.09 --0%
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
Barclays reiterates an 'Overweight' on TiVo (NASDAQ: TIVO) price target of $11.00.
Analyst, Kannan Venkateshwar, said, "The company's fiscal 2Q13 results were largely uneventful with numbers in line with our estimates. The rest of the year, however, is likely to be eventful for the equity due to a potential slowdown in subscriber gains at Virgin Media (Nasdaq: VMED), the Verizon (NYSE: VZ) trial commencing in October, and news flow surrounding Google's (Nasdaq: GOOG) potential sale of Motorola's set-top business."
Since the company has $540 million in cash and has authorized a $100 million buyback, downside to shares should be limited. All in, despite shares being up about 10% since July 1, the equity is still attractive. (FY13 EPS estimate lowered from (0.73) to (0.80) and FY14 from (0.25) to (0.59)
For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.
Shares of TiVo closed at $9.04 yesterday.
Analyst, Kannan Venkateshwar, said, "The company's fiscal 2Q13 results were largely uneventful with numbers in line with our estimates. The rest of the year, however, is likely to be eventful for the equity due to a potential slowdown in subscriber gains at Virgin Media (Nasdaq: VMED), the Verizon (NYSE: VZ) trial commencing in October, and news flow surrounding Google's (Nasdaq: GOOG) potential sale of Motorola's set-top business."
Since the company has $540 million in cash and has authorized a $100 million buyback, downside to shares should be limited. All in, despite shares being up about 10% since July 1, the equity is still attractive. (FY13 EPS estimate lowered from (0.73) to (0.80) and FY14 from (0.25) to (0.59)
For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.
Shares of TiVo closed at $9.04 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
- EyePoint Inc. (EYPT) PT Lowered to $8 at Jefferies
- Deutsche Bank Downgrades SentinelOne Inc (S) to Hold on Valuation
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
BarclaysSign 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!
