Brean Capital Cuts Price Target on Rovi Corp. (ROVI) to $20 Following 2Q15 Results
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Rovi Corporation Reports Second Quarter 2015 Financial Results
July 30, 2015 4:02 PM EDTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Rovi Corporation (NASDAQ: ROVI) today reported financial results for the second quarter ended June 30, 2015.
The Company reported second quarter revenue of $127.8 million, a decrease of 7% compared to $137.1 million in the second quarter of 2014. Revenues were lower than in the comparable period of the prior year, which benefited from higher Consumer Electronics revenues, in part due to one-time revenues from Samsung. Second quarter 2015 Income from continuing operations, net of tax, was $3.3 million, compared to $2.7 million Loss from continuing operations, net of tax, for the second quarter of... More
Rovi Extends Product and Entertainment Discovery Patent License Agreement to Funai
July 29, 2015 8:01 AM EDTLicense Enables One of the Leading Global Consumer Electronics Manufacturers to Implement Rovis Patent Portfolio Across Japan and Europe
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has renewed its discovery patent portfolio license agreement with Funai Electric Co. Ltd., covering Japan and Europe. The cross-regional licenses enable Funai to use Rovis patent portfolio for high-quality digital consumer electronics, giving Funai access to a range of Rovi's best-in-class discovery features including intuitive search and targeted recommendations services. Todays announcement further builds upon... More
