Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Tivo fell $0.58 (-4.4%) to $12.66 on heavy volume. Throughout the day, 7,979,359 shares of Tivo exchanged hands as compared to its average daily volume of 2,629,600 shares. The stock ranged in price between $12.37-$13.25 after having opened the day at $13.23 as compared to the previous trading day's close of $13.24. Other companies within the Media industry that declined today were:
), down 5.5%,
), down 5.4%,
), down 4.6% and
), down 3.5%.
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TiVo Inc., together with its subsidiaries, provides software and service technology that enables the distribution of video content on digital video recorders (DVRs), non-DVR set-top boxes (STB), computers, smartphones, and tablets in the United States and internationally. Tivo has a market cap of $1.6 billion and is part of the services sector. The company has a P/E ratio of 5.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Tivo a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Tivo Ratings Report.
On the positive front,
), up 10.1%,
), up 5.6%,
), up 4.3% and
), up 3.9% , were all gainers within the media industry with
) being today's featured media industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
) while those bearish on the media industry could consider
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