TiVo (TIVO)

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TiVo gains on pre-earnings Brean note • 1:55 PM

Ahead of Tuesday's FQ2 report, Brean's Todd Mitchell predicts TiVo (TIVO +1.5%) will continue seeing positive trends "through the remainder of fiscal 2015, as TiVo's value proposition is resonating with its core customer base who are facing an increasingly challenging competitive dynamic and accelerating investment in their service profile."
Mitchell also sees the Digitalsmiths acquisition laying the foundation for a healthy cloud services businesses. He cautions TiVo will ultimately need new distributions deals with major MSOs to "generate upside to the company's current valuation," but also notes such a deal (with a European MSO) has been rumored to be in the pipeline.
Back in July, Mitchell declared (following an agreement with Canada's Cogeco) new deals with tier-2 U.S. cable companies were likely. Shares are close to their 52-week high of $14.25.