Sept 4 (Reuters) – JP Morgan Securities raised TiVo Inc to “overweight,” citing strong subscriber growth andexpectations of a favorable outcome for its patent dispute withVerizon Communications Inc next month.
TiVo’s shares rose 5 percent in morning trade on Tuesday onthe Nasdaq.
TiVo, which sells set-top boxes and licenses its digitalvideo recording (DVR) technology to cable operators, reportedbetter-than-expected second-quarter results last week on highersales of its video recorders.
The number of TiVo subscriptions across the globe grew 41percent year-over-year during the quarter, led by growth atVirgin Media Inc.
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