Momentum Stock Watch: TiVo Corporation (TIVO)

Company Profile:

TiVo Corporation provides entertainment technology and audience insights worldwide. The company offers interactive program guides, connected guides, and metadata, as well as research analytics, advertising, and advanced search and recommendation services. Its products include TiVo BOLT, a unified entertainment system that combines TV, on-demand libraries, or streaming apps into a single box; TiVo Mini; and TiVo Stream that controls live TV, schedules recordings on DVR, manages to do list and one pass request, publishes comments about shows to Facebook and Twitter, and switches from mobile device to TV viewing with one tap. The company also provides accessories, such as antennas, cables, remote controls, and streaming software, as well as networking and storage accessories. The company was formerly known as Rovi Corporation and changed its name to TiVo Corporation in September 2016. TiVo Corporation was founded in 1983 and is headquartered in San Carlos, California.

Recent News:

On Nov. 29, 2016, TiVo Corporation (TIVO) and Netflix (NFLX) announced they signed licensing agreements that allow both companies to deliver a better entertainment experience to consumers.

For the third quarter ended September 30, 2016, the company reported revenue of $153.1 million, an increase of 33% compared to $114.9 million in the third quarter of 2015. Net income was $49.9 million, compared to a Net loss of $18.5 million for the third quarter of 2015.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TIVO’s strengths can be seen in its strong growth and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 53.54 with positive bias. We rate TiVo Corporation (TIVO) a STRONG BUY.

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