|Bid||34.90 x 900|
|Ask||35.42 x 4000|
|Day's Range||34.31 - 35.40|
|52 Week Range||28.80 - 52.53|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||7.38|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.45|
Netflix (NFLX) posted better-than-expected subscriber numbers in the third quarter, which it reported on October 16. Netflix’s streaming subscriber additions totaled 6.96 million in the third quarter, better than the company’s expectations of an ~5.0 million increase. It also beat analysts’ expectations of 5.2 million subscriber additions.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the appointment of George R. Brokaw and R. Blakeslee “Blake” Gable to the Company’s Board of Directors (the “Board”), such appointment to be effective as of October 22, 2018. Mr. Gable is the Chief Executive Officer of Barron Collier Companies (the “Collier Companies”), a fourth-generation private investment, agriculture, and land development company based in Naples, Florida. Mr. Gable began his career with the Collier Companies in 1999, serving various leadership roles including project manager during the establishment of the Ave Maria, Florida community and as vice president of mineral management and real estate. The assets of the Collier Companies include approximately 1.3 million square feet of commercial properties, approximately 85,000 acres of private land holdings, and one of South Florida’s largest citrus operations. Prior to joining the Collier Companies, Mr. Gable served as the legislative director for United States Representative Ed Pastor of Arizona. Mr. Gable will serve on the Board’s audit and governance committees.
AT&T (T) is planning to introduce a new direct-to-consumer streaming video service under WarnerMedia in the fourth quarter of 2019. It has the potential to be a direct competitor to Amazon’s Prime Video, Netflix (NFLX), and Walt Disney Company’s (DIS) forthcoming streaming service. Such a plan could expand AT&T’s existing portfolio of video streaming services that already includes WatchTV and DIRECTV NOW. Based on Future Market Insights report, the global market for subscription video-on-demand (or SVOD) services such as Netflix and AT&T’s DIRECTV NOW is growing steadily.
The largest insider buys this week were for Salesforce.com Inc., DISH Network Corp, Thor Industries Inc. and Cal-Maine Foods Inc.
Viacom (VIA) (VIAB) is exploring a different path from those of many of its peers struggling with the loss of pay-TV customers because of cord-cutting. Instead of battling the technology companies rattling the traditional media industry, Viacom has chosen to work with them. For example, last month, the company announced a deal to produce exclusive Nickelodeon series for Netflix (NFLX), the company that popularized online video streaming and ended up putting legacy media companies in a tight spot with the loss of pay-TV subscribers.
The stock of pay-TV and broadband services company Dish Network (DISH) has seen a significant decline in the last three years. The stock has fallen 48.5% since October 2015 to close at $31.87. The cord-cutting phenomenon has resulted in a dramatic shift in content consumption and has resulted in declining revenue for Dish Network. Dish Network has a forward 2018 price-to-earnings ratio of 12.3x.
NEW YORK, Oct. 12, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
DISH Network (DISH) has recently launched a Latino-targeted channel focused on delivering English-language instructions to Hispanic people in the United States who may want to learn English or improve their English proficiency.
Microsoft (MSFT) Azure is set to be the preferred cloud platform of Grab, which specializes in services such as transportation, mobile payments, food, and package delivery across Southeast Asian countries. Grab will leverage Microsoft’s machine learning and AI tools. Microsoft will also make a strategic investment in Grab.
AT&T (T) has long held that the US government’s challenge of its acquisition of Time Warner lacks merit. The DoJ (United States Department of Justice) is appealing the June ruling by a US federal judge that allowed AT&T to proceed with the acquisition of Time Warner.
On October 8, Microsoft’s (MSFT) corporate social network platform LinkedIn bought Glint—an employee engagement platform. The deal’s financial terms weren’t disclosed. The acquisition will allow LinkedIn to combine Glint’s powerful employee interactive tools like Employee Engagement, Employee Lifecycle, Manager Effectiveness, and Team Effectiveness with its own product portfolio. LinkedIn might gain some of Glint’s key clients like Dish Network (DISH) and United Airlines (UAL).
Pay-TV company Dish Network (DISH) fell 5.3% on October 5 and closed at $34.30. The stock is currently trading 19% above its 52-week low of $28.80 and 36% below its 52-week high of $53.48.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Moody's Investors Service ("Moody's") downgraded the corporate family rating ("CFR") for Fuse, LLC to Caa2 from Caa1 due to recent subscriber attrition as well as continued uncertainty regarding the company's capital structure as its senior secured notes approach maturity. Moody's also downgraded the Probability of Default Rating (PDR) to Caa2-PD from Caa1-PD and downgraded the ratings for senior secured bonds due 2019 to Caa2 from Caa1. Fuse, LLC's Caa2 ratings reflect the company's high leverage, continued subscriber attrition in its networks and high risk of restructuring for existing near-term maturing debt.
Dish Network Corp.’s Sling TV has launched a new marketing campaign called “Meet the Slingers,” that features Parks & Rec stars and married couple Nick Offerman and Megan Mullally. Sling introduced its “We are Slingers” campaign earlier this year. Offerman and Mullally’s ad plays off the same double entendre, showing them in a restaurant asking another couple if they want to “Sling.” “The freedom is exhilarating,” Offerman says after his wife asks a couple if they want to “Sling” with them.
Kinder Morgan Inc (NYSE: KMI) saw Executive Chairman Richard Kinder step up to the buy window this past week. The 500,000 shares of this energy infrastructure company he acquired, at a per-share price ranging from $17.49 to $17.63, cost him more than $8.77 million. The Houston-based company recently suggested it might divest its Canadian assets.
The largest Insider Buys this week were for Dollar Tree Inc., DISH Network Corp, Elanco Animal Health Inc. and Hyster-Yale Materials Handling Inc.
The FCC (Federal Communications Commission) intends to run two millimeter wave spectrum auctions in November. Wireless carriers T-Mobile (TMUS), AT&T (T), and Sprint (S), which expect to start offering 5G (fifth-generation) services nationally over the next few years, have expressed interest in the upcoming FCC spectrum auctions.
For the past three months, Univision has been blacked out on Dish Network Corp., costing the Hispanic media giant more than $200,000 in lost revenue every day. Now Univision’s allies are mobilizing, trying to pressure the satellite-TV company into restoring the largest Spanish-language broadcaster in the U.S. to its service. The letter, which was obtained by Bloomberg News, asks whether Dish customers who can’t get Univision are being forced to pay early termination fees when they cancel service.
Zacks Investment Ideas feature highlights: 21st Century Fox, Comcast, Disney, Netflix and Dish