Netflix (NFLX) on Watch Following Update from Peer Outerwall (OUTR)

Go back to Netflix (NFLX) on Watch Following Update from Peer Outerwall (OUTR)

Outerwall (OUTR) Maintain Redbox Guidance is a Positive - Northland Capital

December 11, 2013 8:11 AM EST

Northland Capital Markets analyst Darren Aftahi reiterated an Outperform rating and $78 price target on Outerwall Inc. (NASDAQ: OUTR) after the company operational update.

"We believe the biggest item to come out of OUTR's operating/capital structure update was no... More

Outerwall (OUTR) Target Raised to $82 at Wedbush

December 10, 2013 2:09 PM EST

Wedbush maintained an Outperform rating on Outerwall Inc. (NASDAQ: OUTR) and raised its price target to $82.00 (from $78.00). The change follows Outerwall's announcement regarding the progress of its previously announced operating review and capital structure initiatives.

"The wind-down process for Rubi, Crisp Market, and Star Studio is expected... More

Outerwall (OUTR) Announces Cost-Reduction Initiatives, Updated FY13 Guidance

December 10, 2013 6:49 AM EST

Outerwall Inc. (Nasdaq: OUTR) announced progress on its previously announced operating review and capital structure initiatives. This progress includes:

* The discontinuation of three new venture concepts;
* A leadership transition at Redbox;
* Cost reduction initiatives that are expected to result in $22 million of annual cost savings beginning in the first quarter of 2014; and
* A $350 million expansion of Outerwall's existing senior secured credit facility, which will enable the company to meet its previously announced target leverage ratio in the first quarter of 2014.

(Logo:... More