Can TiVo Inc. (TIVO) Overcome Wall Street’s Doubts?

“We intend to use our significant capital resources to drive shareholder value, including more aggressively returning capital to shareholders under our newly increased share repurchase authorization and we will be increasing the size of our 10B5-1 trading plan as soon as permissible,” CEO Rogers said.

Rogers added, “Importantly, we just recently closed one of our best quarters ever in terms of subscription growth, driven by a number of our existing operator deals in the U.S. and abroad that are now fully up and running. So, as we look out beyond today’s important settlement we believe our core operating business will continue to drive growth to both the top and bottom line.”

Still, the numbers show that Wall Street has cooled on TiVo Inc. (NASDAQ:TIVO)’s prospects. Consider that over the past 12 months, the stock has gained 33% while the S&P 500 index is up 23%. But year to date, TiVo is down 11% and the S&P 500 is up 14%. And since the end of May, TiVo is down 15% while the S&P index has dropped 0.6%.

With the disappointment of the settlement still ringing in Wall Street analysts’ ears, the challenge for TiVo is going to be take its vaunted balance sheet and prove its relevance – both in the marketplace and in the stock market.

The article Can TiVo Overcome Wall Street’s Doubts? originally appeared on Fool.com and is written by Jon Friedman.

Jon Friedman has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google.

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