Rovi Corp (ROVI) updated its FY13 earnings guidance on Wednesday. The company provided EPS guidance of $1.90-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.14. The company issued revenue guidance of $630-660 million, compared to the consensus revenue estimate of $683.23 million.Rovi Corp also updated its FY12 guidance to $2.05-2.10 EPS.

A number of research firms have also recently commented on ROVI. Analysts at Zacks upgraded shares of Rovi Corp from a neutral rating to an outperform rating in a research note to investors on Tuesday. They now have a $18.00 price target on the stock. On a related note, analysts at Goldman Sachs reiterated a neutral rating on shares of Rovi Corp in a research note to investors on Friday, January 4th. They now have a $17.00 price target on the stock, up previously from $16.00. Finally, analysts at JPMorgan Chase reiterated a neutral rating on shares of Rovi Corp in a research note to investors on Friday, January 4th. They now have a $20.00 price target on the stock, up previously from $19.00.

Eight investment analysts have rated the stock with a buy rating, seven have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the stock. The stock has a consensus rating of overweight and a consensus target price of $18.13.

Shares of Rovi Corp (ROVI) traded up 0.96% during mid-day trading on Wednesday, hitting $16.87. Rovi Corp (ROVI) has a one year low of $9.91 and a one year high of $37.75. The stock’s 50-day moving average is currently $15.64. The company’s market cap is $1.743 billion.

Rovi Corp last announced its earnings results on Thursday, November 1st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.12. The company had revenue of $169.60 million for the quarter, compared to the consensus estimate of $183.24 million. Rovi Corp’s revenue was down 6.8% compared to the same quarter last year. Rovi Corp has set its FY12 guidance at $1.80-1.90 EPS. Analysts expect that Rovi Corp (ROVI) will post $2.02 EPS for the current fiscal year.

Rovi Corporation is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment.

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