TiVo (TIVO) Tops Q1 EPS by 1c; Guides Q2 Revenue Ahead of Expectations
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Macquarie Remains Bullish on TiVo (TIVO) Following Cubiware Acquisition
May 27, 2015 8:57 AM EDTMacquarie maintains an Outperform rating and $15.00 price target on TiVo (NASDAQ: TIVO) with the belief that the Cubiware acquisition will help enhance presence in Latin America.
Analyst Andrew DeGasperi commented, "TiVo is well on its way to achieving ex-IP positive EBITDA before the royalty cliff-hanger in CY2018. The companys product... More
Brean Capital Reiterates Buy on TiVo (TIVO) Following Q1 Results and Cubiware Acquisition
May 27, 2015 6:54 AM EDTBrean Capital reiterates a Buy rating and $14.00 price target on TiVo (NASDAQ: TIVO) following last nights 1Q16 financial results. TIVO reported non-GAAP EPS of $0.08, and Service and Technology revenue of $92.4 million. Last night, TIVO also announced that it acquired Cubiware.
Analyst Todd Mitchell commented on TIVO, saying, "Last... More
TiVo (TIVO) Announces Acquisition of Pat-TV Software Solutions Provider, Cubiware
May 26, 2015 4:03 PM EDTTiVo (NASDAQ: TIVO) announced that is has acquired Cubiware, an innovative provider of cost-effective software solutions for emerging market Pay-TV operators. Cubiware will expand TiVo's international presence in 25 countries and positions TiVo to offer a broader array of compelling, cost effective solutions for Pay-TV operators across the world.
"Cubiware immediately accelerates our global Pay-TV efforts and enables us to more rapidly reach an even larger portion of the international market, which is expected to grow to more than a billion subscribers by 2020," said Tom Rogers, TiVo's President and CEO. "Cubiware's... More
