TiVo (TIVO) Price Target Raised to $18.50 at National Alliance
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August 27, 2014 7:13 AM EDT
Brean Capital analyst Todd Mitchell reiterated a Buy rating and $16 price target on TiVo (NASDAQ: TIVO) following Q2 results, saying they are buyers of the stock for an expansion of distribution.
Mitchell commented, "TiVo is a turnkey outsourced TV Everywhere service platform with a hybrid-SAAS business... More
August 27, 2014 6:55 AM EDT
Piper Jaffray analyst Michael Olson raised estimates and his price target on Overweight-rated TiVo (NASDAQ: TIVO) to $17.00 (from $16.00) despite a mixed Q2 and Q3 outlook slightly below expectations.
Olson commented, "TiVo reported a mixed Q2: service & tech revenue was modestly behind... More
August 26, 2014 4:20 PM EDT
TiVo, Inc. (NASDAQ: TIVO) reported Q2 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $111.9 million versus the consensus estimate of $87.72 million.
Tom Rogers, President and CEO of TiVo, said, "This was another solid quarter of execution and growth for TiVo. Adjusted EBITDA was $29.9 million, however excluding the impact of the litigation expense and proceeds it grew 73% year-over-year, and we delivered a 13% year-over-year increase in service and technology revenue. Our strong profitability... More
