Brian Grosso • 16 Comments
Boris Marjanovic • 14 Comments
Tue, May 24, 2:54 PM
- Under a second licensing deal with IP risk-management services firm RPX (RPXC), Spherix (SPEX +79.1%) "receives a cash payment and return of all of the Series H preferred stock of Spherix presently held by RPX, representing the entire class of Series H shares outstanding." In return, Spherix is granting RPX a patent portfolio license RPX can sub-license to its clients.
- With the company having a market cap of less than $6M going into today, Spherix has blasted off on the news.
Tue, May 3, 4:32 PM
Wed, Feb. 10, 3:58 PM
- RPX (NASDAQ:RPXC) beat Q4 estimates and issued strong revenue guidance - Q1 revenue of $78M-$80M vs. a $75.3M consensus, and 2016 revenue of $324M-$347M vs. a $305.5M consensus.
- However, the patent services firm forecasts non-GAAP net income will drop to $39M-$46M from 2015's $54.7M ($0.99/share). The 2016 EPS consensus is at $0.89.
- Subscription revenue rose 7% Y/Y in Q4 to $67.7M, and clients on RPX's network rose by 10 Q/Q to 255 (inc. 89 insurance policy holders). SG&A spend rose by $2.1M Y/Y to $20.2M. RPX ended 2015 with $326M in cash and no debt.
- RPX's Q4 results, earnings release
Dec. 16, 2015, 12:45 PM
Dec. 16, 2015, 12:25 PM
- RPX (NASDAQ:RPXC) has nosedived following news it's paying $232M in cash to buy legal discovery services firm Inventus Solutions. Not helping: Baird has downgraded the patent risk-management services provider to Neutral.
- Shares have made new 52-week lows, and are down 16% YTD. They trade for 13x a 2016 EPS consensus (not yet adjusted to account for the Inventus deal) of $0.90.
Apr. 29, 2015, 2:43 PM
- RPX Corporation (RPXC +8.5%) rallies after beating estimates with its Q1 report.
- Subscription revenue rose 9% to $66.2M during the quarter.
- The company expects subscription revenue of $265M to $275M for the full year.
- Client count +20 net Q/Q to 224.
- Previously: RPX Corporation beats by $0.02, beats on revenue
Apr. 21, 2015, 3:27 PM
- Today's notable tech gainers include Chinese online retailer Vipshop (VIPS +4.9%), European chipmaker STMicroelectronics (STM +5.1%), IP risk-protection services firm RPX (RPXC +4.1%), Wi-Fi hardware maker Aerohive (HIVE +4.8%), Indian ISP/data services firm Sify (SIFY +5.2%), and software outsourcing firm Luxoft (LXFT +3.9%). The Nasdaq is up 0.5%.
- Notable decliners include 3 e-commerce-focused firms: Online women's/children's apparel seller Zulily (ZU -6.5%) e-commerce listing/monetization service provider ChannelAdvisor (ECOM -5.1%), and online coupon/promo code provider RetailMeNot (SALE -3.9%). Also off is ultracapacitor maker Maxwell (MXWL -6.1%).
- Vipshop is once more near a high of $30.59. STMicro is closing in on a 52-week high of $10.00 ahead of its April 30 Q1 report. Possible helping Aerohive: The company has launched a new channel partner program and hired Riverbed/EMC vet Johnna Bowley to run it.
- Maxwell is once more within a dollar of a 52-week low of $6.29; its Q1 report is due on Thursday. Zulily is slightly more than a dollar above a post-IPO low of $12.34. ChannelAdvisor reports on May 4, and RetailMeNot on May 5.
- Previously covered: Cybersecurity stocks, chip equipment stocks, 3D Systems/Stratasys, ARM, ServiceSource, Ultra Clean, 58.com, Tremor Video, Voltari, Rambus, Sanmina
Dec. 23, 2014, 12:46 PM
- IP risk-protection firm RPX (RPXC -0.4%) is buying most of the Rockstar Consortium's remaining patents (over 4,000 of them) for $900M - roughly a fifth of the ~$4.5B the consortium paid to buy the full portfolio in 2010 from bankrupt Nortel.
- RPX will license the patents to a syndicate of 30+ companies that includes Google and Cisco in exchange for payments. Everyone else will be able to license them under FRAND terms. RPX is only directly contributing $35M to the purchase.
- Rockstar, whose members include Apple, Microsoft, BlackBerry, Ericsson, and Sony, had launched a series of lawsuits against Android OEMs. The sale comes amid an increasingly difficult legal and political environment for IP licensing firms.
- Spherix (NASDAQ:SPEX), which bought over 100 of Rockstar's patents and patent applications earlier this year and has used them to sue Cisco, Verizon, and Huawei, is trading lower
Aug. 19, 2014, 3:55 PM
- Acacia's (ACTG +1.2%) Innovative Display Technologies and Delaware Display Group units have reached an agreement with RPX (RPXC -0.8%). Terms are undisclosed.
- This isn't the first deal between Acacia and RPX, whose partners/clients are often at odds with each other. Acacia partners with, and acquires patents from, individuals and companies looking to monetize their IP. RPX's services, which include patent purchasing, aim to protect companies from IP suits.
Jun. 19, 2014, 1:15 PM
- In a closely-watched case, the Supreme Court has upheld the patentability of software concepts, albeit while setting limits: Companies can't patent a mere abstract idea on a computer, but can patent software ideas that advance or improve upon existing ideas.
- The ruling comes a month after Sen. Pat Leahy shelved a hotly-contested bill aimed at limiting the power of patent trolls. Many tech giants and startups backed the bill, while IP licensing firms staunchly opposed it.
- A few licensing firms are trading lower on a moderately down day for tech: VRNG -2.2%. ACTG -1.3%. VHC -2.8%. PRKR -3.8%. SPEX -3.1%.
- Other related names: RPXC, WILN, DSS, CRDS, MARA.
Mar. 17, 2014, 9:43 AM
- VMware (VMW +2.2%) has been started at Buy by Monness Crespi.
- SAP (SAP +2.2%) has been upgraded to Buy by Citi.
- VeriSign (VRSN -8.8%) has been cut to Market Perform by Cowen. The downgrade comes as the NTIA announces it will relinquish control of the Internet's domain name management system to an international body. VeriSign insists the move won't affect its operation of the .com and .net registries.
- CommVault (CVLT +3.3%) has been upgraded to Buy by Mizuho.
- RingCentral (RNG +4.5%) has been started at Outperform by William Blair.
- NetScout (NTCT +0.1%) has been cut to Neutral by D.A. Davidson.
- RPX (RPXC +3%) has been started at Outperform by Cowen.
- Cadence (CDNS +1.4%) has been started at Overweight by Piper.
Jun. 4, 2013, 10:04 AM
Vringo (VRNG -2.8%), VirnetX (VHC -4.5%), Acacia (ACTG -7.7%), Wi-Lan (WILN -2.2%), and RPX (RPXC -1.8%) slide after the WSJ reports Pres. Obama is expected to announce 5 executive actions and 7 legislative proposals taking aim at perceived patent trolls, including legislation enabling sanctions against litigants filing lawsuits deemed abusive, and orders to the USPTO to "train examiners to scrutinize applications for overly broad patent claims." The report follow harsh Feb. remarks from Obama about patent trolls, as well as recent DOJ/FTC hearings regarding their activity.| Jun. 4, 2013, 10:04 AM | 7 Comments
Apr. 30, 2013, 5:21 PMRPX (RPXC): Q1 EPS of $0.33 beats by $0.04. Revenue of $61.2M (+40% Y/Y) beats by $1.08M. Shares +5.3% AH. (PR) | Apr. 30, 2013, 5:21 PM
Feb. 13, 2013, 12:45 PM
Feb. 12, 2013, 6:18 PMRPX Corp. (RPXC): Q4 EPS of $0.24 beats by $0.05. Revenue of $51.6M (+22% Y/Y) beats by $2.6M. Shares +15% AH. (PR) | Feb. 12, 2013, 6:18 PM
Feb. 12, 2013, 5:41 PM