BGB Securities Comments on TiVo

BGB Securities provided color on TiVo (NASDAQ: TIVO) in a research report published today. BGB Securities has previously given TiVo a Hold rating and $9 price target.

In the report, BGB Securities states, "In our opinion, TiVo's ability to work with cable and satellite operators to deploy full-featured services that marry closed network cable environments with over-the-top environments – and to do so in a timely manner – is a compelling value proposition. The remaining challenge for TiVo is to execute in these endeavors, scale them up, and translate them into growing positive cash flows."

Shares of TiVo closed today at $10.16, up 7.97% from Tuesday's market close.