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Last $10.72 USD
Change Today -0.14 / -1.29%
Volume 743.8K
ROVI On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 5:20 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

rovi corp (ROVI) Snapshot

Open
$10.69
Previous Close
$10.86
Day High
$10.81
Day Low
$10.58
52 Week High
02/27/15 - $26.44
52 Week Low
08/24/15 - $9.21
Market Cap
931.7M
Average Volume 10 Days
1.5M
EPS TTM
$-0.08
Shares Outstanding
86.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ROVI CORP (ROVI)

rovi corp (ROVI) Related Businessweek News

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rovi corp (ROVI) Details

Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide. The company offers interactive program guides (IPGs), an interactive listing of television or video program information that enables viewers to navigate through, sort, select, and schedule video programming for viewing and recording. It markets IPGs to service providers under i-Guide and Passport brands; and CE industry under the G-GUIDE and HTML Guide brands. The company also offers xD guide, a discovery application that extends the cable video experience from set-top boxes to multiple mobile screens; and Rovi digital terminal adapter guide, which supports cable operators to remove analog channels to reclaim bandwidth. In addition, it provides advertising services; Audience Management Solution, a suite of products combining big data with predictive analytics to provide TV audience insights and advertising campaign management; and metadata pertaining to music, television, movie, book, video games, and other entertainment content, as well as catalog information on celebrities, awards, sports, and other data. Further, the company provides ACP, an analog video content security solution that protects videocassettes and DVDs to CE manufacturers, motion picture studios, and semiconductor companies that supply the CE manufacturers; and VCR Plus+, connected platform, and media recognition products. Additionally, it offers search services to service providers, device manufacturers, and developers to enable their customers to navigate content; and recommendations services, which allow service providers, device manufacturers, and others to offer their customers entertainment choices. The company was formerly known as Macrovision Solutions Corporation and changed its name to Rovi Corporation in July 2009. Rovi Corporation was founded in 1983 and is headquartered in Santa Clara, California.

1,200 Employees
Last Reported Date: 02/19/15
Founded in 1983

rovi corp (ROVI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $591.7K
Chief Financial Officer
Total Annual Compensation: $459.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $420.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $481.2K
Compensation as of Fiscal Year 2014.

rovi corp (ROVI) Key Developments

Rovi Corporation Appoints Michael Hawkey as Senior Vice President and General Manager of Discovery

Rovi Corporation announced that Michael Hawkey has joined the company as senior vice president and general manager of the Discovery business group. In this role, Mr. Hawkey will lead the growth initiatives, overall strategy and product offerings in multiple areas across the Discovery group’s product development, including product lifecycle management, program management and product marketing. He will also oversee the engineering, architecture and user experience of Rovi’s Discovery products. Mr. Hawkey will be based out of the company’s headquarters in Santa Clara, California, and will report directly to John Burke, Rovi’s executive vice president and chief operating officer. Mr. Hawkey has extensive experience managing the engineering and design of software systems, mobile applications and cloud based services for the digital entertainment market. Most recently, Mr. Hawkey was senior vice president and general manager for Sling Media, a division of EchoStar Corporation. During his tenure of leading the executive management team of Sling Media, he oversaw all aspects of product development, engineering, service operations, sales and marketing, and managed the multi-year roadmap for consumer growth across the globe. Prior to this role, Mr. Hawkey was vice president of marketing and sales for EchoStar Technologies. He has also held leadership positions at Advanced Digital Broadcast (ADB) Americas and STMicroelectronics.

Rovi Corporation Extends Discovery Patent License Agreement to Funai

Rovi Corporation renewed its discovery patent portfolio license agreement with Funai Electric, covering Japan and Europe. The cross-regional licenses enable Funai to use Rovi's 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.

Rovi Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Rovi Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $127,820,000 against $137,062,000 a year ago. Operating income from continuing operations was $12,134,000 against $17,210,000 a year ago. Income from continuing operations before income taxes was $4,615,000 against income from continuing operations before income taxes of $910,000 a year ago. Income from continuing operations, net of tax was $3,338,000 against loss from operations of $2,714,000 a year ago. Net income was $3,338,000 against net loss of $2,640,000 a year ago. Diluted earnings per share were $0.04 against diluted loss per share of $0.03 a year ago. Non-GAAP net income was $32,687,000 against $39,503,000 a year ago. Non-GAAP diluted income per share was $0.38 against $0.43 a year ago. Diluted earnings per share from continuing operations were $0.04 compared to diluted loss per share from continuing operations of $0.03 a year ago. 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. For the six months, the company reported revenues of $261,845,000 against $279,512,000 a year ago. Operating income from continuing operations was $26,093,000 against $41,429,000 a year ago. Loss from continuing operations before income taxes was $2,916,000 against income from continuing operations before income taxes of $9,169,000 a year ago. Loss from continuing operations, net of tax was $12,132,000 against $1,031,000 a year ago. Net loss was $12,132,000 against $56,905,000 a year ago. Diluted loss per share was $0.14 against $0.62 a year ago. Non-GAAP net income was $67,354,000 against $81,577,000 a year ago. Non-GAAP diluted income per share was $0.77 against $0.88 a year ago. Diluted loss per share from continuing operations was $0.14 compared to diluted loss per share from continuing operations of $0.01 a year ago. The company now anticipates fiscal year 2015 revenue of $500 million to $530 million and fiscal year 2015 non-GAAP diluted income per share of $1.35 to $1.60. The low-end of this range assumes no new or one-time revenues are recognized in the second-half of 2015, which the company considers unlikely. The midpoint of this range assumes approximately the same level of new or one-time revenues in the second half of the year as the company achieved in the first half of 2015.

 

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Industry Analysis

ROVI

Industry Average

Valuation ROVI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.8x
Price/Book 0.9x
Price/Cash Flow 13.3x
TEV/Sales NM Not Meaningful
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