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Stock Market & Financial Investment News

News Breaks
January 3, 2013
10:12 EDTTWC, CSGSCSG Systems says amended deal may cut 2013 TWC revenues by 7.5%
CSG Systems (CSGS) announced in a press release after yesterday's closing bell that Time Warner Cable (TWC) has extended its customer care and billing contract with CSG through March 2017. In a regulatory filing following the press release, CSG stated the company currently generates a material portion of its revenues from Time Warner Cable, noting that for 3Q12, CSG generated approximately 10% of its total revenues from Time Warner. CSG said its amended agreement includes pricing adjustments effective April 1, 2013 for certain products and services currently in use by Time Warner and, in exchange for these pricing adjustments, the agreement extends CSG’s contractual relationship with Time Warner for an additional four years through March 31, 2017, and includes commitments from Time Warner to purchase a minimum level of certain products and services from CSG over the contract term. These minimum financial commitments are calculated in a similar manner, and are relatively consistent with the annual amounts in the Current Agreement, CSG said. CSG said the amended agreement will have no impact to its results of operations for 2012. Considering the pricing impacts of the agreement and CSG’s expectation of usage levels for current contracted business, CSG anticipates 2013 Time Warner revenues may decrease by approximately 7.5% when compared to 2012. The anticipated revenue impact in both the near and long terms may vary depending on the actual level of products and services purchased by Time Warner and the revenue impact is only an estimate, the company added. In early morning trading shares of CSG Systems International rose 10c, or 0.54%, to $18.72.
News For CSGS;TWC From The Last 14 Days
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February 26, 2015
13:00 EDTTWCFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTTWCFCC Chair says open Internet proposals not a plan to control the Internet
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05:43 EDTTWCCablevision downgraded to Sell from Hold at Brean Capital
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February 25, 2015
12:48 EDTTWCAnalysts upbeat on Comcast despite mixed results
After Comcast (CMCSA) yesterday reported lower than expected fourth quarter profits and higher than expected revenue, analysts remained upbeat on cable giant’s outlook. WHAT'S NEW: Weak revenue from NBC Universal, along with lower than expected TV and Internet subscriber totals, weighed on Comcast's results in Q4, Pacific Crest analyst Andy Hargreaves wrote in a note to investors today. Meanwhile, Comcast’s profits were hurt by $99M of expenses during the quarter related to its pending acquisition of Time Warner Cable (TWC), the analyst reported. However, the investments that Comcast is making in its broadband and video platform should make its offerings superior to its competitors in all parts of the country, causing its broadband subscriber base to continue to grow, the analyst stated. In a favorable scenario, Comcast's video subscriber totals could rise in 2016, added Hargreaves. Additionally, Comcast's acquisition of Time Warner Cable (TWC) will be approved, enabling it to benefit from synergies, predicted Hargreaves, who kept a $65 price target and Outperform rating on Comcast. Gregory Miller, an analyst at Canaccord, raised his price target on the shares to $70 from $62. The company's results indicate that its underlying operations are solid, Miller wrote. Moreover, Comcast's comments suggest that the growth of the company's cable business could accelerate this year, while NBC's broadcast and theme park businesses could stay strong, according to Miller. The analyst believes that the Time Warner Cable deal will probably be approved. He reiterated a Buy rating on Comcast. PRICE ACTION: In early afternoon trading, Comcast rose 1% to $60.
08:28 EDTTWCComcast shares still attractive, says Pacific Crest
After Comcast (CMCSA) reported lower than expected Q4 EPS, Pacific Crest continues to expect the company's acquisition of Time Warner Cable (TWC) to close, and continues to believe that Comcast's stock can rise, driven by synergies, broadband demand, and higher than expected 2016 video subscriptions. Pacific Crest keeps a $65 price target and Outperform rating on the shares.
07:25 EDTTWCComcast price target raised to $70 from $62 at Canaccord
Canaccord raised its price target on Comcast (CMCSA) to $70 from $62 despite weaker than expected Q4 results. The firm cited expectations for continued momentum with Cable Communications, Broadcast, and Theme Parks as well as its merger with Time Warner Cable (TWC). Canaccord maintained its Buy rating on Comcast shares.
February 24, 2015
09:09 EDTTWCComcast confident Time Warner Cable transaction to close in early 2015
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07:02 EDTTWCComcast increases dividend, share repurchases
Comcast Corporation (CMCSA) announced that it increased its dividend by 11.1% to $1.00 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of 25c a share on the company’s common stock, payable on April 22 to shareholders of record as of the close of business on April 1.In addition, Comcast announced that its Board of Directors has increased its stock repurchase program authorization to $10B. At this time, Comcast plans to repurchase $4.25B during 2015, subject to market conditions. Additional stock repurchases will be determined after the closing of the Time Warner Cable (TWC) merger and the subsequent divestiture transactions.
February 23, 2015
18:20 EDTTWCComcast, Time Warner Cable face $20B racial discrimination suit, Reuters reports
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February 17, 2015
18:06 EDTTWCPaulson & Co gives quarterly update on stakes
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12:56 EDTTWCDecline of TV viewing accelerated, NY Post reports
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