Rovi and AT&T Agree to Seven-Year Renewal and Expansion of License Agreement
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Rovi Corp. (ROVI) Pushes to Highs
December 24, 2015 12:36 PM ESTRovi Corp. (NASDAQ: ROVI) pushes near the highs of the session after this morning's upgrade, which follows yesterday's 29% move on the extension of the AT&T contract. Analysts say that Comcast and Echostar are likely to follow suit. Shares last traded up 7.8% to $15.80.
... MoreCowen Upgrades Rovi Corp. (ROVI) to Outperform
December 24, 2015 8:31 AM ESTCowen upgraded Rovi Corp. (NASDAQ: ROVI) from Market Perform to Outperform with a price target of $25.00 (from $11.00).
Analyst Robert Stone commented, "We believe the seven-year IP license with AT&T (announced 12/23) greatly reduces uncertainty about remaining renewals. The inflation-adjusted annual fee... More
Piper Jaffray Reiterates Overweight on Rovi Corp. (ROVI) Following AT&T/DTV License Agreement
December 24, 2015 7:07 AM ESTPiper Jaffray reiterated an Overweight rating and $26.00 price target on Rovi Corp. (NASDAQ: ROVI) following the company's announced seven-year patent license agreement with AT&T/DTV. The license agreement builds upon the already existing agreement between the companies. Piper Jaffray said that Rovi's announcement this morning is a significant win ahead of deals... More
