Wed, Jan. 7, 5:51 PM
- Ahead of its analyst day presentation, ROVI has respectively narrowed its 2014 revenue and EPS guidance ranges to $538M-$542M and $1.69-$1.73 from $530M-$545M and $1.60-$1.75. Consensus is at $539.7M and $1.71. (8-K)
- 2015 guidance is for revenue of $535M-$565M and EPS of $1.55-$1.85; consensus is at $555.3M and $1.87. Rovi plans to buy back 5M shares in 2015; at current levels, that would cost $110M.
- Earlier today, Rovi announced a programming guide deal with U.S. broadband provider Suddenlink (covers digital terminal adapters). The company has been showing off a new UI, natural language search/navigation tools, and its content Knowledge Graph at CES.
Nov. 6, 2014, 4:20 PM
Nov. 3, 2014, 11:38 AM
- Fanhattan has developed a set-top (called Fan TV) that provides integrated access to live TV, on-demand, and Web video content. The startup has also developed a zero-button (touch-based) remote, a UI with various content search, discovery, and social recommendation tools, and a complementary iOS app.
- Rovi (ROVI +1.2%), which has been trying to grow its sales of software and digital services (including its widely-used programming guides) to pay-TV providers to offset the decline of its legacy analog content protection business, has bought Fanhattan for an undisclosed amount of cash.
- Rovi promises combining its offerings with Fanhattan's will yield "a scalable and modular cloud-based platform supporting IP and hybrid STB boxes, DVR functionality and personalized interactive user-interfaces through reference design hardware and a software development kit." Fanhattan already has deals with Cox and Time Warner Cable.
Jul. 30, 2014, 4:46 PM
Apr. 30, 2014, 4:11 PM
Apr. 9, 2014, 4:01 PM
- After falling 12% yesterday on news a federal appeals court had upheld an adverse ruling in the company's IPG-related infringement suit against Amazon, Rovi (ROVI +9.3%) has recovered a big chunk of its losses.
- In an official statement, Rovi notes the ruling only covers two patents, and insists the company's broader portfolio of 5K+ patents is "even more relevant to Amazon today," given the company's efforts to expand its video offerings.
- Rovi "[plans] to continue to pursue Amazon going-forward to take the necessary licenses under [its] patent portfolio."
- Brean (Buy) has called Rovi's Tuesday selloff unwarranted, and thinks the appeals court ruling doesn't have negative implications for either Rovi's licensing efforts against other Web video providers, or for its renewals talks with a major U.S. cable provider.
Apr. 8, 2014, 12:45 PM
Apr. 8, 2014, 11:55 AM| Comment!
Mar. 31, 2014, 2:47 PM
- P-E firms Parallax Capital and Stepstone Group are buying Rovi's (ROVI +1.6%) DivX/MainConcept video codec licensing and software business for $75M in cash and milestone payments. (PR)
- Rovi, which has already sold its Entertainment Store and consumer website ops, previously announced plans to unload DivX/MainConcept. Figures provided at the time suggested the businesses produced 2013 revenue of $70M-$75M, and EPS of $0.25-$0.30.
Feb. 12, 2014, 4:12 PM
Feb. 12, 2014, 12:10 AM
Feb. 11, 2014, 5:35 PM
Jan. 8, 2014, 6:09 PM
- After deciding to sell its Entertainment Store and consumer website businesses last July, ROVI has now decided to unload its DivX video codec licensing business. The company suggests the business, which has been pressured by the growing popularity of various alternative codecs, was good for 2013 revenue of $70M-$75M, and EPS of $0.25-$0.30. (8-K)
- Rovi now expects 2013 revenue and EPS to be at the high end of the guidance ranges it claims would have been provided in October, had the DivX unit then been treated as a discontinued operation.
- Not counting DivX, Rovi expects 2014 revenue of $510M-$550M and EPS of $1.55-$1.85; the consensus (includes DivX) is at $619M and $1.98. Rovi's IP licensing business is expected to see revenue of $283M, down from 2013's $293M. Cost of goods sold is expected to fall to $78M from $82.5M, and opex is expected to rise to $220.2M from $218.5M.
- Rovi also discloses it bought back 4.2M shares in Q4, and paid down $200M in debt.
- Shares are down AH after rising 2.9% in regular trading, gradually paring the early gains they saw in response to news of several licensing deals.
Jan. 8, 2014, 10:51 AM
- Rovi (ROVI +8.3%), hit hard last year by legal setbacks and licensing challenges, has announced a multi-year patent license deal with YouTube owner Google that covers Rovi's video discovery technologies. (PR)
- Rovi has also announced a video discovery IP licensing deal with Samsung that covers mobile devices, a licensing deal with LG related to video metadata (i.e. information about video content) for smart devices, and a multi-year renewal of its DivX video codec licensing deal with Sharp that covers the next-gen HEVC video compression format.
- Terms for the licensing deals are undisclosed.
Nov. 12, 2013, 9:44 AM
- Voxeljet (VJET -3.5%) has received one bullish rating and two neutral ones on underwriter coverage day.
- Veeco (VECO -3.6%) has been cut to Sell by Noble Financial, and started at Sell by Canaccord. The company delivered mixed Q3 results last Friday.
- Rovi (ROVI +4.1%) has been upgraded to Sector Perform by Pac Crest. The upgrade comes as Rovi announces a DivX video codec licensing deal with Panasonic. Goldman cut shares to Sell last week, following the company's Q3 miss.
- Gogo (GOGO +2.2%) has been cut to Neutral by UBS after flying higher yesterday thanks to a Q3 beat and strong Q4 guidance.
- Faro (FARO -2%) has been cut to Hold by Stifel. Shares closed yesterday near their 52-week high, after surging two weeks ago in response to a Q3 beat.
- Cyan (CYNI +4.2%) has been started at Market Perform by FBR. With shares having closed near their post-IPO lows yesterday, investors seem pleased.
Nov. 5, 2013, 9:41 AM
- BlackBerry (BBRY +3.5%) has been upgraded to Hold by Deutsche and SocGen, and cut to Underperform by CIBC, in the wake of yesterday's events.
- NQ Mobile's (NQ -12.6%) rating has been suspended by Piper as the Muddy Waters debate continues to boil. SA contributor Goldbaum Research has provided another bearish column this morning.
- SunEdison (SUNE +4.9%) has been upgraded to Overweight by Piper ahead of tomorrow's Q3 report.
- Rovi (ROVI -3.3%) has been cut to Sell by Goldman a week after missing Q3 estimates and cutting full-year guidance.
- TTM Technologies (TTMI +10.6%) has been upgraded to Overweight by JPMorgan a few days after tumbling due to a Q3 miss, soft guidance, and a CEO change.
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