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News Breaks
April 9, 2014
06:01 EDTROVI, NFLX, AMZNRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
Piper Jaffray views yesterday's sell-off in shares of Rovi (ROVI) following an unfavorable patent litigation ruling versus Amazon (AMZN) as a buying opportunity. Piper says the lawsuit was originally filed in January 2011 and was based on Rovi's patent portfolio and Amazon's offering in 2010, both of which have changed significantly since. The firm adds that Rovi's FY14 guidance assumes no revenue from Amazon or Netflix (NFLX). Piper maintains an Overweight rating on Rovi with a $26 price target.
News For ROVI;AMZN;NFLX From The Last 14 Days
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March 17, 2015
12:24 EDTROVIRovi management to meet with Piper Jaffray
Meeting to be held in the Mid-Atlantic area on March 17 hosted by Piper Jaffray.
11:23 EDTNFLX, AMZNApple willing to share TV data to attract programming partners, NY Post reports
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10:26 EDTNFLXOptions with increasing implied volatility
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09:34 EDTNFLXActive equity options trading on open
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09:07 EDTAMZNDISH's Sling TV launches on Xbox One
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09:05 EDTAMZNMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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08:57 EDTROVIRovi management to meet with JPMorgan
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07:42 EDTAMZNBoeing may produce satellite for tech giants, Reuters says
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07:12 EDTNFLXConcerns over Netflix competition overblown, says Stifel
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05:50 EDTNFLXStocks with implied volatility movement; DD NFLX
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05:14 EDTROVIRovi extends product, patent license agreement with Sharp
Rovi (ROVI) announced that Rovi has renewed its interactive program guide, or IPG, product and patent portfolio license agreement with Sharp (SHCAY). The license provides Sharp with access to Rovi’s entertainment discovery capabilities worldwide and Rovi’s G-Guide HTML in Japanese markets for its popular AQUOS brand. The new G-Guide HTML features advanced discovery capabilities such as rich metadata, search functionality, and a browser-based interface to help drive a robust consumer entertainment experience across Sharp TVs and DVRs. G-Guide HTML also boasts a sleek TV listing grid designed to showcase rich images including cast photos, as well as Rovi’s “six-degrees” discovery capability, to help consumers quickly find relevant content that interests them.
March 16, 2015
16:28 EDTNFLXOn The Fly: Closing Wrap
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16:21 EDTROVIRovi appoints Dave Longaker as Chief Revenue Officer
Rovi (ROVI) announced that Dave Longaker has joined the company as Chief Revenue Officer. Prior to joining Rovi, Longaker served as the senior vice president of sales at Alcatel-Lucent (ALU).
16:00 EDTAMZNOptions Update; March 16, 2015
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10:44 EDTAMZN, NFLXNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:28 EDTNFLXOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE
10:02 EDTNFLXOn The Fly: Analyst Downgrade Summary
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09:37 EDTNFLXActive equity options trading on open
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07:52 EDTNFLXNetflix downgraded at Evercore ISI
As previously reported, Evercore ISI downgraded Netflix to Sell from Hold. The firm downgraded shares and reduced its price target to $380 from $450 due to increasing competition among existing and emerging distributors combined with content providers who are becoming increasingly leveraged to new channels through OTT offerings of their own. Evercore ISI believes intensifying competition will necessitate increased investment with uncertain returns and lowered estimates.
06:16 EDTNFLXNetflix downgraded to Sell from Hold at Evercore ISI
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