Rovi's (ROVI) AT&T Renewal Clears the Way to a $30+ Share Price - B. Riley

Rovi Corp. (ROVI) Breaks Out to Highs on Sony Renewal

Rovi Corp. (NASDAQ: ROVI) broke out to the highs of the day following earlier news that the company renewed its worldwide license agreement with Sony.

Last week, shares of Rovi surged on the extension of the AT&T contract.

Comcast and... More

Rovi Corp. (ROVI) Pushes to Highs

Rovi Corp. (NASDAQ: ROVI) pushes near the highs of the session after this morning's upgrade, which follows yesterday's 29% move on the extension of the AT&T contract. Analysts say that Comcast and Echostar are likely to follow suit. Shares last traded up 7.8% to $15.80.

Cowen Upgrades Rovi Corp. (ROVI) to Outperform

Cowen upgraded Rovi Corp. (NASDAQ: ROVI) from Market Perform to Outperform with a price target of $25.00 (from $11.00).

Analyst Robert Stone commented, "We believe the seven-year IP license with AT&T (announced 12/23) greatly reduces uncertainty about remaining renewals. The inflation-adjusted annual fee... More

Piper Jaffray Reiterates Overweight on Rovi Corp. (ROVI) Following AT&T/DTV License Agreement

Piper Jaffray reiterated an Overweight rating and $26.00 price target on Rovi Corp. (NASDAQ: ROVI) following the company's announced seven-year patent license agreement with AT&T/DTV. The license agreement builds upon the already existing agreement between the companies. Piper Jaffray said that Rovi's announcement this morning is a significant win ahead of deals... More

Rovi Corp. (ROVI) Extends AT&T Contract by 7-Years

Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has renewed its patent license agreement with AT&T, the worlds leading provider of premium TV entertainment. The comprehensive seven-year agreement provides AT&T worldwide access to Rovis best-in-class entertainment discovery patent portfolio. The... More