Posts filtered by tags: Cowen[x]


 

Zix to buy AppRiver for $275 mln

Zix Corp said Jan. 15 that it agreed to buy AppRiver for $275 million. Marlin Equity Partners is the seller. AppRiver provides cloud-based cybersecurity solutions. True Wind Capital has agreed to invest $100 million in convertible preferred equity. SunTrust Bank and KeyBanc Capital Markets are providing debt. PRESS RELEASE Zix to Acquire AppRiver, Leading Cloud-Based Cybersecurity Solutions Provider • Combination Creates Leading Cloud-based Email Security Provider to Small and Midsize Business (...
Tags: Google, Board of Directors, Microsoft, BYOD, San Francisco, Trends, M&a, University of Pennsylvania, KKR, Securities And Exchange Commission, Msp, San Luis Obispo, SunTrust Bank, EBITDA, Van Buren, Kirkland Ellis LLP


Verizon has positioned a new 5G offering as an industry disrupter, but investors have 'low expectations'

In a Morgan Stanley survey of over 50 telecom investors, analysts said investors had "low expectations" for 5G home broadband. The note said 45% of survey respondents predicted the Verizon 5G Home would have less than 100,000 subscribers by the end of 2019. That stands in stark contrast to the way Verizon has positioned the offering as a cable disrupter. Investors aren't betting on big results from Verizon's so-called cable-disrupting 5G offering. In a Morgan Stanley survey of over 50 tele...
Tags: Verizon, North Korea, Sacramento, Trends, Kim Jong Un, Morgan Stanley, Cowen, Houston Indianapolis Los Angeles, Verizon 5G Home, Cowen Based


Instagram has completely replaced TV as the most important way for advertisers to reach young people (FB)

Instagram has completely usurped television as the key way to advertise to young people, according to financial services firm Cowen. Cowen surveyed major US ad buyers, and found that for new branding campaigns, the buyers would overwhelmingly pick the Facebook-owned Instagram as their first choice. The data illustrates the continued strength of Facebook's core advertising businesses even as the company is buffeted by scandals. The reign of television is coming to an end. The medium, once cons...
Tags: Facebook, Instagram, China, US, Trends, Silicon Valley, Signal, Cowen, Cowen Cowen, YouTube Google Video


Instagram's Digital Ad Share to Double Despite Facebook Issues

Cowen says the photo-sharing app’s share of digital video budgets from ad buyers will double from 2018 to 2020. In fact, Instagram has grown as the go-to choice for launching new brand campaigns looking to reach ages thirteen to thirty-four, according to 61 percent of survey respondents to a Cowen study representing about $14 billion in ad spend. “Stories” -- a relatively new Instagram feature -- are helping to grow the app into a campaign favorite.
Tags: Science, Instagram, Cowen


Cowen buys mid-market financial adviser Quarton International

Cowen Inc has acquired Quarton International for an upfront consideration of $75 million. Quarton International is a middle-market financial adviser. PRESS RELEASE NEW YORK, Jan. 03, 2019 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that it has completed its acquisition of Quarton International AG and affiliated Quarton entities (collectively, “Quarton International”), a leading global financial advisory company serving the middle market. The closing of...
Tags: Europe, New York, Trends, M&a, The Company, Cowen, COWN, Cowen Company, Quarton International, QUARTON, Jeffrey M Solomon, Cowen Inc, Cowen Inc Cowen Inc, Quarton International AG, Larry Wieseneck Co President of Cowen, Quarton Europe


On the heels of hemp legalization, regulators have fired a 'warning shot' to the $1 billion CBD industry

Earlier in December, Trump signed the US Farm Bill into law. It legalizes hemp, a plant that's roughly identical to marijuana and is a key source of the highly-touted wellness ingredient CBD. Hours after the law was passed, regulators released a statement emphasizing their power to police CBD retailers, which already make up a roughly $1 billion industry. Analysts call the move a "warning shot" to the thousands of cafes and stores selling CBD drinks, snacks, and supplements. A plant that's ne...
Tags: Stanford, US, Trends, Washington Dc, Food And Drug Administration, Fda, Bill, Trump, Don, Jonathan Miller, Cowen, Gottlieb, Scott Gottlieb, CV Sciences, US Hemp Roundtable, Josh Hendrix


Pamplona Capital buys controlling stake in Latham Pool Products

Pamplona Capital Management said Dec. 19 that it acquired a controlling stake in Latham Pool Products. The deal values Latham at $375 million. Wynnchurch Capital, the seller, will retain a stake. Latham, of Latham, New York, makes pool components and accessories in North America. PRESS RELEASE NEW YORK, December 19, 2018 /PRNewswire/ — Pamplona Capital Management (“Pamplona”), is pleased to announce that it has acquired a controlling interest in Latham Pool Products, Inc. (“Latham” or “the Compa...
Tags: New York, California, Trends, Chicago, Canada, United States, North America, Pamplona, Company, Scott, Nomura, Latham, William Blair, Moelis, Chris O Brien, Goodwin Procter LLP


Comcast hinted that its mobile app xFi might be key to its plans for newly acquired Sky

Comcast CFO Michael Cavanaugh gave an initial indication of how Comcast's offerings might inform decisions at its newly acquired Sky. Sky execs expressed interest in Comcast's Xfinity xFi mobile app, which lets customers access and control their Comcast broadband service, Cavanaugh said. Comcast sees xFi as a differentiator that attracts and retains broadband customers.  After a blockbuster summer of media bidding, Comcast walked away with the crown jewel of British broadcasting, Sky. Sky,...
Tags: Verizon, UK, US, Trends, Spain, Comcast, Italy, Switzerland, Ubs, Sky, Openreach, Xfinity, Cavanaugh, Cowen, Hans Vestberg, Sky Comcast


We're already getting an indication that Verizon 5G is stealing customers from its competitors

Verizon began offering its 5G Home service to customers in four initial markets this fall. At an analyst event in November, Verizon management said about half of the customers who signed up for 5G Home were not previous customers to Verizon. The company previously implied that 5G is aimed at disruption in the cable industry and consumers interested in cord-cutting. Verizon's initial test cities have been lit up with 5G, and we're already getting an indication that disruption is underway. The ...
Tags: Apple, Verizon, New York City, Trends, Cnbc, Sacramento California, Yahoo Finance, Cowen, Hans Vestberg, Houston Indianapolis Los Angeles, Verizon 5G Home, Cowen Verizon


Cowen to acquire mid-market financial adviser Quarton International

Cowen Inc, a financial services firm, has agreed to acquire Quarton International, a middle-market financial adviser. According to terms of the agreement, Cowen will acquire Quarton for an upfront consideration of $75 million with an additional contingent consideration of $40 million upon the fulfillment of certain milestones. The deal is expected to close by January 2, 2019. Freeman & Co. acted as financial adviser to Quarton International with Debevoise & Plimpton providing legal advice. And, ...
Tags: Europe, New York, Germany, Berlin, Trends, Switzerland, M&a, Detroit, Zurich, Company, The Company, US Canada, Cowen, Debevoise Plimpton, COWN, Willkie Farr Gallagher


'His comments are illogical': Analysts say Disney CEO Bob Iger's plan to raise Hulu prices is out of step with customer demand

On Disney's fourth-quarter earnings call on Thursday, CEO Bob Iger said he saw "price elasticity" around Hulu with Live TV, the company's digital-TV bundle. Industry analysts disagree. Pay TV just had its worst quarter in history, and consumers are increasingly driven by price competition. Comcast, which owns 30% of Hulu, is also a consideration. Analysts say the cable giant could sell off its Hulu stake and focus its attention elsewhere. Price hikes may soon be coming to Hulu. Disney CEO Bob...
Tags: Disney, US, Trends, Comcast, Williams, Sky, Iger, Hulu, Einstein, Ott, Cowen, Bob Iger, Greg Williams, DeGroote, Jessica Toonkel, AT T Comcast


Disney says price hikes may be coming to Hulu, but analysts think that's 'illogical' following pay TV's worst quarter on record

On Disney's fourth-quarter earnings call Thursday, CEO Bob Iger said he saw "price elasticity" around Hulu with Live TV, the company's digital TV bundle. Industry analysts disagree. Pay TV just had its worst quarter in history, and consumers are increasingly driven by price competition. Comcast, which owns 30% of Hulu, is also a consideration. Analysts say the cable giant could sell off its Hulu stake and focus its attention elsewhere. Price hikes may soon be coming to Hulu. Di...
Tags: Disney, US, Trends, Comcast, Williams, Sky, Iger, Hulu, Ott, Cowen, Bob Iger, Greg Williams, DeGroote, Jessica Toonkel, AT T Comcast, WarnerMedia


Eric Schmidt takes the blame for Google's social networking failures: 'I suspect we didn’t fully understand how to do it' (GOOG, GOOGL)

In a recent podcast interview with economist Tyler Cowen, former Google CEO Eric Schmidt said the company's failure to build the next, big social network was mostly his fault.  " I think it would be fair to say that the rise of Facebook, etc., occurred on my watch," Schmidt admitted.  The former top executive blamed his age, in part, for the company's social failures, saying: "Because we didn’t collectively use it, I suspect we didn’t fully understand how to do it."  Google has never been ...
Tags: Google, Facebook, Trends, Larry Page, New York Times, Princeton, Tyler Cowen, Eric Schmidt, SCHMIDT, YouTube Today, Cowen, Google Buzz, Google Groups Well, Interestingly Cowen


Former Cowen execs teaming up to launch new U.S. prime brokerage business

Three senior prime brokerage executives are launching a new platform from scratch. They'll be hiring.
Tags: Job Market, Analysis, News &, Cowen


A Comcast EVP explains why streaming video is a terrible business, as all his competitors jump into the internet TV bloodbath headfirst

Comcast isn't looking to join the list of companies offering over-the-top streaming video (OTT) services, like AT&T and Disney. The cable giant has tried to get streaming services, like Seeso and Watchable, off the ground without success. It's unclear what the Comcast's strategy with Sky's OTT service, Now TV, will be. For consumers seeking alternatives to linear TV, the options seem boundless. Walmart , WarnerMedia, and Disney have all announced options coming to market — n ot to mention di...
Tags: Amazon, Europe, Hbo, Nbc, Disney, US, America, Trends, Netflix, Comcast, Premier League, Sky, Hulu, Ott, Strauss, AT T


Comcast EVP says streaming video is a terrible business and sees growth in more creative bundling

Comcast isn't looking to join the list of companies offering over-the-top streaming video (OTT) services, like AT&T and Disney. The cable giant has tried to get streaming services, like Seeso and Watchable, off the ground without success. It's unclear what the Comcast's strategy with Sky's OTT service, Now TV, will be. For consumers seeking alternatives to linear TV, the options seem boundless. Walmart , WarnerMedia, and Disney have all announced options coming to market — n ot to mention di...
Tags: Amazon, Europe, Hbo, Nbc, Disney, US, America, Trends, Netflix, Comcast, Premier League, Sky, Hulu, Ott, Strauss, AT T


VC-backed Orchard Therapeutics goes public

Orchard Therapeutics, a gene therapy developer, has raised $200 million for its IPO after pricing its 14.3 shares at $14 per share. The stock began trading October 31, 2018 on the NASDAQ under the ticker symbol “ORTX.” J.P. Morgan, Goldman Sachs and Cowen are the lead underwriters. Orchard’s pre-IPO backers include Baillie Gifford, ORI Capital, Temasek and Cowen Healthcare. PRESS RELEASE BOSTON and LONDON, Oct. 30, 2018 (GLOBE NEWSWIRE) — Orchard Therapeutics plc (Nasdaq:ORTX), a biopharmaceutic...
Tags: London, Ipo, Boston, Trends, IPOs, United States, Healthcare, Securities And Exchange Commission, Wedbush, Cowen, Orchard, Morgan Securities LLC, Broadridge Financial Solutions, Orchard Therapeutics, Long Island Avenue Edgewood NY, Cowen and Company LLC


Walmart still has a big weakness in its battle against Amazon (WMT, AMZN)

Walmart has set its sights online for growth, beefing up its e-commerce offerings with quick and free shipping to compete with Amazon. It still lags behind in one key area, however, according to analysts at Cowen. The gap in assortment — the actual products offered by Walmart.com and Amazon.com — is still too large, Walmart's management noted in a meeting with the firm. Currently, Walmart only carries about half of the best-selling products on Amazon. Walmart has been trying to close the gap b...
Tags: Amazon, Trends, Walmart, Amazon Amazon, Cowen, Amazon Walmart, Amazon WMT AMZN, Cowen If Walmart, Lord Taylor Advance Auto Parts Apple, Allswell Walmart


'Tesla may have crossed the line to become self-funding': Here's what Wall Street is saying about Tesla's surprise profit (TSLA)

Tesla  on Wednesday posted a surprise third-quarter profit thanks to strong revenue generated by its Model 3 sedan.  The electric-car maker earned $2.90 a share, well above the $0.15 loss per share expected by Wall Street analysts.  It generated $6.8 billion in sales, beating the $6.3 billion that was anticipated. The Model 3 sedan was a huge driver for the quarter. "Q3 2018 was a truly historic quarter for Tesla,"  the company said in a press release . "Model 3 was the best-selling c...
Tags: Europe, US, Trends, Tesla, TSLA, Rbc, Evercore ISI, Cowen, Jeffrey Osborne, Joseph Spak, George Galliers, RBC Capital Markets Price, Cowen Price


Elon Musk says Tesla's plan to not raise more cash 'may change' (TSLA)

Tesla CEO Elon Musk has been adamant in his goal to not raise more capital. "I specifically don't want to," he said earlier this year in regards to new debt or equity rounds.  His tone changed dramatically on Tesla's third-quarter conference all Wednesday, when he said the plan "may change." Tesla is set to open up nearly 10% Thursday morning. Follow the stock in real-time here.  Elon Musk appeared to soften his previous tone regarding tapping fresh capital on Tesla’s third-quarter earnings c...
Tags: Elon Musk, China, Trends, Tesla, TSLA, Morgan Stanley, Musk, Cowen, Adam Jonas, Jeff Osborne


Sprint took the unusual step of touting its miserable performance, and doing so could save its business

Sprint sent a presentation to the FCC highlighting its dismal business results. It's making the claim that without the proposed merger with T-Mobile it will continue to fail. Analysts on Wall Street think it's an accurate claim. In a survey conducted by Cowen Equity Research, analysts found Sprint respondents were the least happy of  the "Big Four" wireless carriers and the most at risk of switching carriers.  In a wireless business that obsessively monitors customer churn and brand image, co...
Tags: Verizon, Fcc, US, Trends, Sprint, T Mobile, Cowen, Mobile US, Communications Workers of America, Sprint T Mobile, T Mobile Sprint, Trump MAGA, Cowen Equity Research, Cowen Equity Research The Cowen, The American Antitrust Institute


Sprint took the unusual step of touting its miserable performance, and doing so could save it's business

Sprint sent a presentation to the FCC highlighting its dismal business results. It's making the claim that without the proposed merger with T-Mobile it will continue to fail. Analysts on Wall Street think it's an accurate claim. In a survey conducted by Cowen Equity Research, analysts found Sprint respondents were the least happy of  the "Big Four" wireless carriers and the most at risk of switching carriers.  In a wireless business that obsessively monitors customer churn and brand image, co...
Tags: Verizon, Fcc, US, Trends, Sprint, T Mobile, Cowen, Mobile US, Communications Workers of America, Sprint T Mobile, T Mobile Sprint, Trump MAGA, Cowen Equity Research, Cowen Equity Research The Cowen, The American Antitrust Institute


Sprint is losing a close battle it's fought for years, but there's a silver lining that could be great for the business

Sprint sent a presentation to the FCC highlighting its dismal business results. It's making the claim that without the proposed merger with T-Mobile it will continue to fail. Analysts on Wall Street think it's an accurate claim. In a survey conducted by Cowen Equity Research, analysts found Sprint respondents were the least happy of  the "Big Four" wireless carriers and the most at risk of switching carriers.  In a wireless business that obsessively monitors customer churn and brand image, co...
Tags: Verizon, Fcc, US, Trends, Sprint, T Mobile, Cowen, Mobile US, Communications Workers of America, Sprint T Mobile, T Mobile Sprint, Cowen Equity Research, Cowen Equity Research The Cowen, The American Antitrust Institute


Wall Streeters explain why cable will beat telecom in the battle for broadband customers

Telecom companies will likely lose the long-term battle for broadband, according to a new survey from Cowen Equity Research. The stronger economy allows households to pay more for better broadband connections, and cable has an advantage there. The survey also suggested a slight increase in cord-cutting trends, though the analysts predict it won't impact cable company margins. We just got an indication that cable companies may trounce telecom operators as the two industries battle for br...
Tags: US, Trends, Williams, Espn, Cowen, Greg Williams, Tom Rutledge, Wall Streeters, Cowen Equity Research, Cowen Equity Research Telco, Business Insider Unemployment


A new survey says cable will win the battle for broadband customers — and it's bad news for telecom giants

Telecom companies will likely lose the long-term battle for broadband, according to a new survey from Cowen Equity Research. The stronger economy allows households to pay more for better broadband connections, and cable has an advantage there. The survey also suggested a slight increase in cord-cutting trends, though the analysts predict it won't impact cable-company margins. We just got an indication that cable companies may trounce telecom operators as the two industries battle for br...
Tags: US, Trends, Williams, Espn, Cowen, Greg Williams, Tom Rutledge, Cowen Equity Research, Cowen Equity Research Telco, Business Insider Unemployment


The huge hack affecting 30 million people came at the worst possible time for Facebook (FB)

Facebook has suffered the worst hack in its history, with 30 million users affected — 14 million of whom had some of their highly sensitive data exposed. The news could not have come at a worse time for Facebook. The company has been attempting to rebound from a string of ugly scandals, but its woes are catching up with it. And Facebook usage is already on the decline. This hack seems unlikely to help matters. Facebook has been hacked, and to put it gently, it's really, really bad. On Friday,...
Tags: Facebook, Mark Zuckerberg, Europe, Instagram, Congress, US, Trends, Myanmar, Silicon Valley, British Airways, Signal, Mark Warner, Facebook Facebook, Cowen, Facebook FB, Cambridge Analytica


The future is bright for Netflix and bleak for basic cable — these 3 charts show why (NFLX)

Traditional pay TV faces a bleak future, a new survey indicates. Nearly a third of consumers now say they don't subscribe to any kind of multi-channel pay TV service. Meanwhile, a plurality of US consumers say Netflix is the service they most frequently watch on their TVs, and it's significantly ahead of basic cable service. Among Millennials, Netflix's lead is even larger. We just got another glimpse at how much trouble the traditional pay TV business is in because of Netflix and online stre...
Tags: Youtube, US, Trends, Netflix, Broadcast, Hulu, NFLX, Cowen, Blackledge, Leichtman Research Group, John Blackledge, Cowen Equity Research Among


AT&T's betting you're going to watch a lot more video in the future — and that's driving its 'video centric' 5G network strategy

The "Big 4" wireless carriers each have different visions for 5G capabilities. AT&T sees 5G as a technology that will enable an improved experience for customers. Over the next five years, AT&T chief technology officer Andre Fuetsch projects 80% of content across the network to be video related. AT&T will start to turn on its 5G service in 12 cities by the end of 2018. But for  AT&T chief technology officer Andre Fuetsch, the most unique aspect of 5G is not the blazing speeds that most tel...
Tags: Apple, Verizon, Time Warner, Trends, AT T, Cowen, Warner Media, Andre Fuetsch, John Stankey, Fuetsch


Tesla closes at its lowest level in over 1 1/2 years (TSLA)

Tesla shares have cratered 35% since approaching record highs following CEO Elon Musk's "funding secured" tweet. On Monday, they closed at their lowest level since March 2017. Watch Tesla trade in real time here. Tesla shares were under pressure Monday, closing down more than 4% and at their lowest level in over 1 1/2 years.  Tesla's stock hit a near-record high of $387.46 on August 7, the day CEO Elon Musk tweeted that he had "funding secured" to take the electric-car maker private at $420 a...
Tags: Elon Musk, Navy, Trends, Tesla, Bloomberg, Securities And Exchange Commission, Musk, GAAP, Cowen, Jeff Osborne


Tesla is flirting with its lowest close in over 1.5 years (TSLA)

Tesla shares have cratered 35% since approaching record highs following CEO Elon Musk's "funding secured" tweet. On Monday, they were contending with their lowest close since March 2017. Watch Tesla trade in real time here. Tesla shares were under pressure Monday, trading down more than 3% at $252.61, and are conteding with their lowest close since March 2017. A finish below $252.48 would be the lowest end-of-day price for shares since March 2017.  Tesla's stock hit a near-record high of $387...
Tags: Elon Musk, Samsung, Trends, Tesla, Bloomberg, Securities And Exchange Commission, Musk, GAAP, Cowen, Jeff Osborne