Netflix, Inc. (NASDAQ:NFLX): Sumo Logic, which is the next-generation log management and analytics company, announced that Netflix will adopt Sumo Logic, a cloud-based Log Management and Analytics service. Following exhaustive testing of leading solutions, Netflix decided that only Sumo Logic has the ability to scale to meet the company’s multi-terabyte Big Data volume requirements. The Sumo Logic service allows Netflix to realize instant cost savings, gain unprecedented application insight, and monitor and troubleshoot their cloud and on-premise IT infrastructure and applications in real-time. The shares traded up $1.28 (2.29%) recently at $57.20.
Coinstar, Inc. (NASDAQ:CSTR): Movie studios have been threatening Coinstar’s top line growth, as many have been extending the length of time between a movie’s public release and its release to the automated retail company. Increasing trends in streaming movie services such as Netflix and Hulu represent an additional risk, though it is not easy to see exactly how Coinstar will be able to stave off these concerns. In an attempt to diversify its offering of automated machines, Coinstar has begun a new kiosk venture in Rubi, which is a self-serve coffee kiosk. Between 2012′s first and second quarters, hedge funds raised their positions in the company by more than 40 percent. Renaissance Technologies and Citadel are two of the leading three Coinstar bulls. Renaissance practically doubled its position in Coinstar, as Citadel raised its holdings by 293 percent. The shares traded up $0.84 (1.59%) recently at $53.61.
Time Warner Cable Inc. (NYSE:TWC): Time Warner Cable reached a deal with Viacom to provide full-length TV episodes from six networks, including Nick, MTV, Comedy Central, BET, Spike and VH1, to the cable operator’s TV customers via the Internet anywhere in the U.S. on their computers. Additionally, Viacom has TV Everywhere deals with Verizon Communications’ FiOS TV and Suddenlink Communications to enable video to their subscribers via its networks’ TVE sites, for no additional price. Also, Comcast provides Viacom programming to subs via XfinityTV.com (but not its mobile apps). A Viacom spokesman stated that the Comcast and Suddenlink deals are still in a “trial stage.” The shares traded up $0.28 (0.31%) recently at $91.62.
Dish Network Corp. (NASDAQ:DISH) climbes after research firm Credit Suisse reported in a note issued earlier in the day that the company’s Q3 subscription trends seem to be positive. The firm, which based its conclusion on interviews with independent DISH Network dealers, added that more consumers seem to be signing up for DISH than they did during the Q3 of 2011. Credit Suisse noted that a few investors have shown concern that upcoming FCC rules may cause it to be difficult for DISH to sell its spectrum to large companies. However, the firm predicts that DISH will have the ability to “easily live with” the FCC’s rules. Credit Suisse increased its target price on DISH’s stock to $38 from $34 and reiterated an Outperform rating. In mid-morning trading, DISH rallied $1.03, or 3.18 percent, to $33.28. The shares traded up $0.64 (1.98%) recently at $32.90.
News Corp. (NASDAQ:NWSA) announced that it has appointed Paul Cheesbrough to the role of Chief Technology Officer. In this position, he possesses the responsibility for setting the Company’s global technology strategy and for coordinating with senior leaders across the organization for the development of new digital products and the expansion of the digital footprint of its portfolio of businesses. Also, he is to collaborate with technology teams at the publishing and education businesses along with overseeing the transition of IT systems relating to the Company’s proposed separation into two distinct companies. Recently, Cheesbrough served as Chief Information Officer for News International. The shares traded up $0.21 (0.85%) recently at $24.35.
Don’t Miss More Hot Stories by Wall St. Cheat Sheet: