Brean Murray Gives Buy Rating to Rovi Corp (ROVI)
ROVI has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “positive” rating on shares of Rovi Corp in a research note to investors on Monday, April 30th. Separately, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Rovi Corp in a research note to investors on Friday, March 30th. They set a “neutral” rating and a $33.00 price target on the stock.
Rovi Corp traded down 0.22% on Friday, hitting $26.80. Rovi Corp has a 52-week low of $23.20 and a 52-week high of $60.84. The company’s market cap is $2.882 billion.
Rovi Corp last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.56. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Rovi Corp will post $0.65 EPS next quarter.
Rovi Corporation is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment.