Rovi (ROVI) -28.2% premarket after the company issued downward guidance last night, but...

|About: Rovi Corporation (ROVI)|By:, SA News Editor

Rovi (ROVI) -28.2% premarket after the company issued downward guidance last night, but Canaccord maintains a Buy on the shares with a lowered $63 price target: "Our lowered estimates are the result of expected declines in non-core businesses. ROVI’s core businesses remain strong... [We] remain confident that numerous growth opportunities exist in 2011 and beyond."