Today’s Research Reports on Stocks to Watch: Roku and TiVo
NEW YORK, NY / ACCESSWIRE / November 24, 2017 / A patent win against Comcast sent shares of Tivo Corporation soaring on Wednesday, as JPMorgan had positive things to say about the stock after the Tuesday ruling. Shares of Roku also headed higher. It's been a lot of gains for the stock this month after reporting a strong earnings report in early November.
RDI Initiates Coverage on:
Roku, Inc.
https://rdinvesting.com/news/?ticker=ROKU
TiVo Corporation
https://rdinvesting.com/news/?ticker=TIVO
Roku, Inc. shares closed up nearly 9% on Wednesday with nearly 11.7 million shares traded. It's been a good week for the stock and its CEO. Roku shares have been gaining in recent days, and have more than doubled. The company's CEO Anthony Wood, as a result, has become a billionaire. It was earlier this month that the streaming services company released its first financial report since going public in September. For the third quarter, the company reported net revenue of $124.8 million compared to an expectation of $110.5 million. Adjusted losses at 10 cents were also narrower than the loss of $1.40 that some on Wall Street expected. CEO Anthony Wood stated during the report, "Our higher margin platform segment is the key driver of our growth and gross margin expansion, and our advertising business has more than doubled in size year-to-date."
Access RDI's Roku, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ROKU
TiVo Corporation closed up 7.08% in Wednesday's trading session on a little over 2.3 million shares traded. It was a victorious day for the stock after the company not only won a federal patent ruling against Comcast but also had JPMorgan recommend the stock. A JPMorgan analyst wrote, "We view this ruling as a significant positive for TiVo and a major step in what we expect to be a process of the two companies working toward final resolution," the firm's analyst writes in a note to clients. We would expect Comcast to appeal the ruling, but the importation ban will remain in effect during that process. Other potential workarounds, in our opinion, would only provide temporary relief, and we see this ban as being a strong motivator to help drive the two sides toward a new IP licensing agreement. The firm has an "overweight" rating on the stock. The U.S. International Trade Commission ruled on Tuesday that the Comcast's set-top boxes have infringed on two patents that Tivo's Rovi owns. Rovi made a statement and said, "Rovi is pleased the International Trade Commission issued its final ruling in our favor and found that two Rovi patents are valid and infringed by Comcast's X1 products, and issued an exclusion order that bans Comcast from importing and selling X1 devices that infringe our valuable intellectual property ... Commission Opinion reinforces the need for Comcast to take the necessary licenses to our IP."
Access RDI's TiVo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=TIVO
Our Actionable Research on Roku, Inc. (NASDAQ: ROKU) and TiVo Corporation (NASDAQ: TIVO) can be downloaded free of charge at Research Driven Investing.
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