TiVo Inc (TIVO) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Wednesday, August 24, 2021 5:05 PM

TiVo Inc (TIVO) announced its quarterly results on Wednesday. The company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.22) by $0.05. The company’s quarterly revenue was up 17.8% on a year-over-year basis.

On a related note, analysts at Caris & Company upgraded shares of TiVo Inc from an "average" rating to an "above average" rating in a research note to investors on Tuesday. They now have a $11.00 price target on the stock. Also, analysts at Merriman Curhan Ford initiated coverage on shares of TiVo Inc in a research note to investors on Wednesday, August 17th. They set a "buy" rating on the stock.

Shares of TiVo Inc (TIVO) traded down 1.58% during mid-day trading on Wednesday, hitting $8.12. TiVo Inc (TIVO) has a 52 week low of $7.06 and a 52 week high of $12.65. The stock's 50-day moving average is $9.22 and its 200-day moving average is $9.5. The company has a market cap of $967.7 million and a price-to-earnings ratio of 13.94.

TiVo Inc. (TiVo) is a provider of advanced television technology and services that redefines home entertainment by providing consumers with an easy way to manage, control, watch, and record live television and receive thousands of movies and television shows from cable, broadcast, and broadband sources in intuitive user interface. These capabilities are made available through digital video recorders (DVRs) and it has agreements to offer services for non-DVR products in the future. It distributes the TiVo DVR through consumer electronics retailers and through its on-line store at TiVo.com. It has distribution agreements with Comcast, Cox, and satellite television providers, including DIRECTV, as well as international cable and broadcasting companies, such as Seven Networks in Australia and New Zealand and Virgin Media in the United Kingdom. TiVo receives revenues from three main sources: consumer service, licensing of technology to television service providers and media services.

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