Revenue Update on Rovi Corporation(NASDAQ:ROVI)

Rovi Corporation(NASDAQ:ROVI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $125.25M. Analysts estimated a revenue of $119.31M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.31.

Rovi Corporation (ROVI) shares turned negative on Thursdays trading session with the shares closing down -0.16 points or -0.83% at a volume of 6,07,274. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.64. The peak price level was also seen at $19.64 while the days lowest was $19.14. Finally the shares closed at $19.2. The 52-week high of the shares is $23.6964 while the 52-week low is $8.01. According to the latest information available, the market cap of the company is $1,599 M.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Dustin Finer (ChiefAdmin&InternalOpsOfficer) sold 2,391 shares at $15.70 per share price.Also, On May 12, 2016, Glenn W. Welling (director) purchased 200,000 shares at $16.22 per share price.On Feb 3, 2016, Pamela A. Sergeeff (EVP & General Counsel) sold 1,818 shares at $19.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs) search and recommendations cloud data services and its database of metadata which includes descriptive information promotional images or other content that describe or relate to Television shows videos movies music books games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing Products and Corporate. Its solutions are deployed around the world in the cable satellite consumer electronics entertainment media and online distribution markets.

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