TiVo Signs Multi-Year Contract

May 8, 2017

TiVo said it signed a multi-year contract and renewal of its IP licensing portfolio with Frontier Communications (FTR), which is a “major positive” for the company as it wins on two fronts, JPMorgan said in a note to clients. TiVo can scale up its product offerings and demonstrates the strength of its IP licensing. “The product component of the agreement shows TiVo’s potential to scale this segment to the targeted 51% of revenue from the 47% in 2016,” JPMorgan said. “The multi-year renewal shows the strength and longevity of the patent portfolios. The positive momentum on both the IP license and the product sides, we believe, is not reflected in the stock price and remains undervalued in our opinion.”

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By Caroline Williams

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