Report
Andrew Lange
EUR 101.80 For Business Accounts Only

TiVo Reports Solid 2Q; Positive IP Licensing in the Quarter, Larger Margin of Safety Needed

TiVo reported a solid second-quarter result and the combination of Rovi and TiVo continues to support our thesis that the firm’s combined IP portfolio holds long-term value for the company. On that point, the company signed IP licensing agreements with Frontier Communications, Foxtel, TCL, and Funai Electric during the quarter. Significantly, these deals weren’t specific to any category and spanned the U.S. Pay-TV, International Pay-TV, and Consumer Electronics industries, indicating broad IP ap...
Underlying
TiVo Corp.

TiVo is engaged in media and entertainment products. The company provides a set of cloud-based services, embedded software solutions and intellectual property that enable people to find and enjoy online video, television programming, movies and music entertainment, including content discovery through device-embedded and cloud-based user experience, interactive program guides, digital video recorders, natural language voice and text search, cloud-based recommendations services and the company's entertainment metadata. The company's operations are organized into two reportable segments: Product and Intellectual Property Licensing.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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