NEW YORK, NY / ACCESSWIRE / May 31, 2017 / TiVo's shares exploded after it received a favorable ruling against cable giant Comcast in a patent lawsuit and Piper Jaffray analysts mentioned that this could renew business between the two companies. Shares of HP climbed higher despite no big news, but the computer giant did report impressive second quarter earnings last week.

RDI Initiates Coverage on:

TiVo Corporation
https://ub.rdinvesting.com/news/?ticker=TIVO

HP Inc.
https://ub.rdinvesting.com/news/?ticker=HPQ

TiVo Corporation was one of the biggest winners on the NASDAQ on Tuesday and closed up 14.02% on very strong volume. News revealed that Tivo had won a favorable ruling in a patent lawsuit against Comcast CMCSA. According to the U.S. International Trade Commission and its preliminary ruling on Friday, Comcast has violated two TiVo patents. The decision sparked some major market enthusiasm with shares already soaring 10% in early trading. It also helped that Cowen analyst Robert Stone wrote to clients that he thinks Tivo is undervalued. Analysts at Piper Jaffray also noted that this ruling could help Tivo renew business with Comcast and has given the stock a $25 price target. In other news, the company's CEO Thomas Carson informed the board a few days ago that he will be retiring.

Access RDI's TiVo Research Report at:
https://ub.rdinvesting.com/news/?ticker=TIVO

HP Inc.'s shares closed up 2.54% on Tuesday. The computer giant released its second quarter earnings last week for the quarter ended April 30th. The company, once known as Hewett Packard, reported GAAP diluted net earnings per share from continuing operations of $0.33 and non-GAAP diluted net earnings per share of $0.40 per share. The quarter also gave back $447 million to its shareholders in share repurchases and dividends. CEO Dion Weisler commented, "This was a breakthrough quarter for HP, and marks the first time both Personal Systems and Print have grown in the same quarter since 2010. We're delivering solid performance across our portfolio, in all regions, and on key financial metrics. Our team is taking profitable share, out-executing our competitors and delivering some of the best innovation in HP's history. It's clear our reinvention is paying off." According to IDC, shipments of PCs worldwide rose for the first time in the first quarter in five years and HP took the top spot. Shares are up more than 28% so far this year.

Access RDI's HP Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=HPQ

Our Actionable Research on TiVo Corporation (NASDAQ: TIVO) and HP Inc. (NYSE: HPQ) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com