) recently introduced the Roamio OTA DVR, a limited edition device
specifically designed for those who do not use a cable or a
satellite service. Priced at $49.99, the new product comes with a
monthly subscription fee of $14.99 and offers an easy-to-use
service to enhance user experience.
The newly-launched TiVo Roamio has gained significant traction due
to its ability to connect to the company's mobile apps and stream
and download live and recorded television programs. To improve
customer engagement, TiVo's Roamio OTA DVR features the "What to
Watch Now" app for Apple's (
) iPad owners.
The Roamio OTA DVR consists of four tuners and has a storage
capacity of 500GB. The new product records broadcast signals from
networks like NBC, CBS, ABC and Fox that are picked up by an
antenna. It could help TiVo grow its television ad analytics
business and generate additional revenue. . But its success is not
a given considering the fact that it will cost users $15 a month.
TiVo Roamio OTA DVR will be available at Best Buy Co. (
) stores from Sep 14.
TiVo primarily develops software and technology and provides
advertising solutions for media and audience measurement service
companies. The company's innovative product pipeline is a major
growth catalyst in our view.
We believe that TiVo has significant growth opportunities in
Western Europe and Latin America, given its partnerships with local
providers. TiVo's strong balance sheet will also enable the company
to pursue strategic acquisitions. Its aggressive share buyback
program will boost growth in the near term.
However, intense competition particularly from companies like Dish
) and Cablevision Systems Corp. is eroding TiVo's subscriber base,
which seems to be the primary headwind in the near term.
Currently, TiVo has a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
TIVO INC (TIVO): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
DISH NETWORK CP (DISH): Free Stock Analysis
To read this article on Zacks.com click here.