Sonic Solutions (SNIC) Maintains Outperform Rating
March 18, 2010 7:42 AM
Analysts at William Blair & Company have released an update on Sonic Solutions (NASDAQ: SNIC).
On Tuesday, Akamai Technologies, Inc. (NASDAQ: AKAM), which provides a content delivery network, announced that there was a strong increase in digital premium content usage in recent months, which includes a 93% increase in downloads by Sonic/CinemaNow since November 2009. On Wednesday, there was another major development as a consortium of major studios and cable operators announced a $30 million market push for “Movies on Demand.”
Analysts believe that the two announcements show continued positive trends and momentum for digital delivery of premium content, which should benefit Sonic/CinemaNow over the next several years.
Analysts at William Blair & Company have maintained their Outperform rating for Sonic Solutions.
