Seeking Alpha

Rovi (ROVI +8.9%) continued its recent rally after posting Q2 results, which were in-line with...

Rovi (ROVI +8.9%) continued its recent rally after posting Q2 results, which were in-line with the guidance it provided in a July 17 warning. Possibly helping is a mildly bullish note from Pac Crest, which speculates Rovi could reach $20 if  its legal battles conclude favorably. The company tried to strike a positive tone about those battles during its earnings call, and its ability to improve slumping margins. Rovi also guided for 2013 revenue growth of 5%-10%, largely below a 9.2% consensus.

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