|January 31, 2013|
|09:02 EDT||DTV||DirecTV announces partnership with FreeWheel|
DIRECTV continues to make great strides toward evolving its DIRECTV Everywhere service, with a new digital video ad insertion solution developed in partnership with FreeWheel, a video advertising technology provider. Through the new partnership, DIRECTV is investing in a core component of the TV everywhere ecosystem, creating a new revenue stream for the platform, which allows customers to access the most popular TV shows and movies anytime, anywhere and on any device. In addition to the commercial agreement, DIRECTV has also taken an equity position in FreeWheel. The investment will enable DIRECTV to have insight into the product roadmap and industry evolution, as well as develop deeper relationships with industry leaders and key partners.
News For DTV From The Last 14 Days
|October 31, 2014|
|06:29 EDT||DTV||Judge approves CSN Houston restructuring plan, WSJ reports|
A bankruptchy judge approved a restructuring plan that will hand control of ComcastSportsNet Houston to DirecTV (DTV) and AT&T (T), reports the Wall Street Journal. Despite objections from Comcast (CMCSA), the approved plan will shut down the network and then relaunch it under the name Root Sports Houston. Comcast owns about 23% of CSN Houston. Reference Link
|October 28, 2014|
|13:09 EDT||DTV||Options with increasing implied volatility|
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|October 24, 2014|
|12:38 EDT||DTV||FCC delays incentive auction until early 2016|
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|October 22, 2014|
|18:34 EDT||DTV||On The Fly: After Hours Movers |
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
|11:12 EDT||DTV||FCC stops 'informal clock' for review of AT&T, Comcast proposed deals|
Federal Communications Commission disclosed in a notice on its website that a number of commenters filed a motion for an extension of time to file replies in Docket 14-57, which is the review of the application of Comcast (CMCSA) for approval of its proposed acquisition of Time Warner Cable (TWC). Among other points, the commenters argue that certain third-party programmers “do not want any of the interested parties’ outside counsel or experts to view [their programming contracts],” the FCC noted. "We agree with these commenters that their current inability to review Highly Confidential Information that has been submitted in these dockets significantly hampers their ability to meaningfully comment and participate in these proceedings, in both Docket 14-57 and Docket 14-90. Accordingly, we are suspending the pleading cycles and stopping our 180-day informal time clock in both dockets," the FCC stated. Docket 14-90 refers to AT&T's (T) proposed purchase of DIRECTV (DTV). Reference Link
|October 21, 2014|
|13:09 EDT||DTV||Earnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says |
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
|October 17, 2014|
|10:51 EDT||DTV||Options with increasing implied volatility|
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX