This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Cablevision Systems (CVC) Is Down Today

NEW YORK (TheStreet) -- Cablevision Systems (CVC - Get Report) was falling 2.31% to $16.49 on Thursday after the announcement that Comcast (CMCSA - Get Report) would acquire Time Warner (TWC - Get Report) in one of the biggest deals of the year.

The decline is likely in response to Comcast's $45 billion acquisition of Time Warner, a deal that combines the two largest cable companies in the U.S. The merger should cause increased competition for Cablevision, Verizon (VZ) and other, smaller cable companies. In the New York City area, for example, Time Warner's presence provides access for Comcast, which could pose problems Cablevision in the market.

The stock had a volume of more than 6 million just before noon on Thursday, compared to its average of 3,512,690.

TheStreet Ratings team rates CABLEVISION SYS CORP as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

Must Read: Lattice Semiconductor (LSCC) Still a "Buy," Says TheStreet

"We rate CABLEVISION SYS CORP (CVC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 7871.1% when compared to the same quarter one year prior, rising from -$3.79 million to $294.60 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 3.1%. Since the same quarter one year prior, revenues slightly increased by 2.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CABLEVISION SYS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CABLEVISION SYS CORP reported lower earnings of $0.23 versus $0.84 in the prior year. This year, the market expects an improvement in earnings ($0.36 versus $0.23).
  • The gross profit margin for CABLEVISION SYS CORP is rather high; currently it is at 51.06%. Regardless of CVC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CVC's net profit margin of 18.79% compares favorably to the industry average.
  • Net operating cash flow has decreased to $303.72 million or 19.06% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, CABLEVISION SYS CORP has marginally lower results.
  • You can view the full analysis from the report here: CVC Ratings Report

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CMCSA $56.21 0.59%
CVC $27.17 3.07%
TWC $188.08 1.52%
AAPL $110.37 -1.75%
FB $88.15 -1.94%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs