New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 31, 2014
05:50 EDTCMCSA, VZVerizon Digital Media Services and thePlatform form strategic alliance
Verizon (VZ) Digital Media Services and thePlatform, an independent subsidiary of Comcast (CMCSA), announced a new strategic alliance to accelerate major media and pay-TV operators' plans for multiscreen video delivery. The companies have integrated the Verizon Digital Media Services suite of video services and thePlatform's mpx video-management system to form a complete solution, which the companies will jointly sell.
News For VZ;CMCSA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
February 3, 2016
07:06 EDTCMCSAComcast increasing dividend 10% to $1.10 per share on annualized basis
Comcast increased its dividend by 10.0% to $1.10 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.275 a share on the company's common stock, payable on April 27, 2016 to shareholders of record as of the close of business on April 6, 2016.
07:06 EDTCMCSAComcast reports Q4 customer relationships increased by 281,000 to 27.7M
Subscribe for More Information
07:05 EDTCMCSAComcast increasing dividend 10%, to buyback $5B shares this year
Subscribe for More Information
07:03 EDTCMCSAComcast reports Q4 adjusted EPS 81c, consensus 82c
Reports Q4 revenue $19.2B, consensus $18.76B.
06:27 EDTVZPiper's Munster says Yahoo growth to remain challenged for years
Piper Jaffray analyst Gene Munster says Yahoo's (YHOO) core business "seems even more challenged than before" following the company's Q4 results. Yahoo's fundamental growth challenges "will remain for multiple years," Munster tells investors in a post-earnings research note where he cut his price target for the shares to $31 from $39. He keeps an Overweight rating on Yahoo, however, pointing out that the shares still trade below a fully taxed value for both its Alibaba (BABA) and Yahoo Japan (YAHOY) stakes. The current share price seems to imply zero value for the core business, which is unfair given Verizon's (VZ) $4.4B acquisition of AOL last year, Munster contends. He believes Alibaba still provides upside to the story. Yahoo is trading down 51c to $28.55 in pre-market trading following its Q4 results.
06:16 EDTCMCSAHulu eyes Sundance film acquisitions, Bloomberg reports
Subscribe for More Information
February 2, 2016
15:46 EDTCMCSAEarnings Watch: Media networks report amid shifts in streaming, TV landscape
Comcast (CMCSA), CBS (CBS), Time Warner (TWX), Viacom (VIA), and 21st Century Fox (FOX) are among media companies expected to report quarterly results over the next several weeks. EXPECTATIONS: Comcast is expected to report EPS of 82c on revenue of $18.77B, CBS is expected to report EPS of 93c, Time Warner is expected to report EPS of $1.00 on revenue of $7.53B, Viacom is expected to report EPS of $1.18 on revenue of $3.26B, and Fox is expected to report EPS of 44c on revenue of $7.54B. LAST QUARTER: Comcast, Fox, and viacom reported mixed results for the previous quarter, while CBS and Time Warner beat on both top and bottom lines. NEWS: On November 10, Comcast announced it expanded its advanced fiber network to Modesto, California as part of the company's ongoing response to Google (GOOG) Fiber. On November 12, the Wall Street Journal broke news that Hulu, a video streaming joint venture of Disney (DIS), Comcast and Fox, is in talks to sell a stake to Time Warner, though the Journal said on January 31 that the company has expressed dissatisfaction with Hulu's inclusion of current-season TV episodes, which it believes contributes to cord-cutting. On December 2, the Wall Street Journal reported that YouTube was holding talks with Hollywood studios and production companies to seek content licenses amid intensified competition with Netflix (NFLX), Amazon (AMZN), and Hulu. On December 9, Re/code reported that Apple (AAPL), rumored to be working on a subscription TV service, walked away from its negotiations with the major networks after being pressed to include "filler" channels in its hypothetical service. Speaking at a January 7 media conference, Time Warner CFO Howard Averill said the company was negotiating to make full seasons of TV shows available to pay-TV customers on demand, mirroring the "binge watching" offered by Netflix. On January 8, the New York Post reported that Corvex Management was considering an activist position in Time Warner. That same day, Benzinga reported that Twenty-First Century Fox remained interested in the company and had made a $105 per share acquisition offer, though Fox later denied the report. On January 14, the New York Post reported that Comcast has begun "ripping up" agreements with cable networks, moving them from basic cable onto digital tiers in response to consumer demand for smaller bundles. On January 27, Reuters reported that SpringOwl Asset Management is urging Viacom to seek outside investment from strategic partners. On January 30, the New York Post reported that Nelson Peltz is considering an activist position in Time Warner. On February 1, the National Football League announced a broadcasting agreement with CBS and Comcast's NBC which will see the two companies paying roughly $225M each for rights to the next two seasons of Thursday Night Football. Also on February 1, it was reported that Fox offered certain employees voluntary buyouts as part of a $250M cost cutting target. STREET RESEARCH: On November 5, Wells Fargo analyst Marci Ryvicker downgraded Time Warner to Market Perform after its "huge" guidance cut last quarter, with the shares also seeing downgrades at CLSA and Bank of America Merrill Lynch. On December 22, Morgan Stanley analyst Benjamin Swinburne called Comcast one of his top large cap picks for 2016, saying the company can use skinny bundles to take market share and potentially add net video customers for the first time since 2006. On January 8, research firm Stifel cut its price target on CBS to $54 from $66, citing a belief that industry syndication and SVOD revenues will significantly decelerate going forward, with CBS having more exposure to those areas than its peers. Meanwhile, JPMorgan added the company to its U.S. focus list on January 11, citing its heavily discounted stock and potentially strong EPS growth in 2016. On February 1, Pacific Crest argued that Comcast shares should be owned going into fourth quarter results, contending that the company's video and broadband investments will likely translate to increased market share and strong cash flows this year. PRICE ACTION: Comcast and Fox, the first of the media giants to report quarterly earnings, are down 2% and 3.6%, respectively, amid the broader market selloff.
14:37 EDTCMCSAComcast volatility elevated into Q4 and outlook
Comcast February weekly call option implied volatility is at 46, February is at 32, March is at 25; compared to its 52-week range of 16 to 41, suggesting large near term price movement into the expected release of Q4 results on February 3.
14:32 EDTCMCSANotable companies reporting before tomorrow's open
Subscribe for More Information
06:26 EDTVZStifel cuts Twitter to Sell after noting Yahoo has significantly more users
Stifel analyst Scott Devitt downgraded Twitter (TWTR) to Sell from Hold after "materially lowering" his forward estimates for the company. Twitter is a product that has "never fully developed into a sustainable public company," Devitt tells investors in a research note. To those that believe the microblog's 320M active user base is significant, the analyst points out that Yahoo (YHOO) still reports 1B monthly active users across its network and AOL's final public disclosure last year prior to its acquisition by Verizon (VZ) still showed nearly 200M unique visitors. Twitter will be challenged to reach its near- and long-term financial expectations, the analyst contends. Devitt points out that Facebook (FB) continues to generate over two times as much advertising revenue per monthly active user in the U.S. as Twitter. He has a $14 price target for the shares. Twitter closed yesterday up $1.10 to $17.90 after The Information reported that Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog operator.
06:20 EDTVZYahoo investors waiting on explicit sale signals, Re/code says
Subscribe for More Information
05:42 EDTVZVerizon introduces 'Free View' for FiOS TV
Verizon announces: "You're thinking about ordering a premium channel such as HBO, SHOWTIME or STARZ. Like any smart consumer, you want to try the product out first before purchasing. No problem, right? Not necessarily - unless of course you're a Fios TV customer. This week, we're launching Free View on Fios TV, an exclusive new feature that lets customers activate their own 48 hour premium channel preview right from their TV. With the click of the remote, Customers can choose which channel they want to preview for free, whenever they want the 48 hour window to start. The Free View content is viewable anywhere whether it's at home on live TV or on demand, or on the go with the Fios Mobile App. Free previews of premium TV channels are common, but the timing of them has never been the customer's choice. With Free View on Fios TV, Customers now schedule a preview at their convenience, when it fits into their schedule. Customers can activate one 48-hour preview of each premium channel once per year."
February 1, 2016
13:54 EDTCMCSANFL says CBS to retain Thursday night rights, NBC added as partner
Subscribe for More Information
13:33 EDTCMCSACBS, NBC to split rights to Thursday Night Football, WSJ reports
The National Football League has agreed to a rights deal with CBS (CBS) and Comcast's (CMCSA) NBC under which each will broadcast five Thursday night games that also will be simulcast on the NFL Network, said The Wall Street Journal, citing people familiar with the matter. Each network will pay about $225M for the rights under the new deal, or $450M in total, which is an increase $300M CBS paid to the NFL this season, the report noted. Reference Link
13:20 EDTCMCSANFL reaches deal with CBS, NBC for Thursday night football, Dow Jones says
Subscribe for More Information
13:18 EDTCMCSANFL near deal with CBS, NBC to split up Thursday games, Bloomberg says
Subscribe for More Information
08:54 EDTCMCSAComcast shares should be owned into Q4 results, says Pacific Crest
Subscribe for More Information
January 31, 2016
20:11 EDTCMCSATime Warner, Hulu talks heat up over issue of current seasons, WSJ says
Time Warner's (TWX) negotiations to potentially buy into Hulu, a joint venture of Comcast (CMCSA, CMCSK), Fox (FOX, FOXA) and Disney (DIS), have been heating up lately over the issue of Hulu subscribers being able to view current-season TV shows, reports the Wall Street Journal, citing sources. Though the feature is a differentiator for Hulu when compared to Netflix (NFLX) and Amazon (AMZN), Time Warner believes the presence of full, current seasons contributes to cord cutting, the report says. Reference Link
18:07 EDTCMCSA'Kung Fu Panda 3' swings to first, 'Finest Hours' lands in choppy waters
"Kung Fu Panda 3" topped the box office in its U.S. debut while nautical disaster drama "The Finest Hours" floundered. WEEKEND LEADER: "Kung Fu Panda 3," produced by DreamWorks (DWA) and distributed by Fox (FOX, FOXA), grossed $41M against expectations for $35M-$50M in its domestic debut during the weekend of January 31. The computer-animated action comedy, featuring the voices of Jack Black, Dustin Hoffman and Angelina Jolie, set a new box office record for January animated film openings but fell somewhat short of the $60.2M and $47.7M debuts seen by previous films in the franchise. BOX OFFICE RUNNERS-UP: "The Revenant," also from Fox, grossed $12.4M. Disney's (DIS) "Star Wars: The Force Awakens" took in an additional $10.8M and stands at $1.98B globally, while the company's "The Finest Hours" earned $10.3M in its domestic start despite an estimated $70M-$80M budget. Rounding out the top five was Universal's (CMCSA, CMCSK) "Ride Along 2" with $8.3M.
13:47 EDTVZYahoo delay in seeking sale could force proxy fight, Barron's says
Subscribe for More Information
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use