NEULION, INC. T.NLN

NLN stock pick

[lscfa]

Lastly, investors who have a rather high tolerance for risk might take a look at NeuLion, a more speculative opportunity (its Toronto Stock Exchange ticker is NLN). For the past 12 years, it has been building out a global footprint in digital video streaming for the sports and media industries.

Based in Plainview, New York, NeuLion opted to list in stock on the Toronto Exchange after it had acquired a publicly traded Canadian company. Still tiny, NeuLion garnered 32 percent of its $112 million (U.S.) in revenues from outside the U.S.

NeuLion has provided live video streams in 2016 for the UFC 200, college football’s Big Ten Network, NBC Sports and the National Football League. Over 50 percent of NeuLion’s network usage is now accessed through smartphones and other mobile devices.

Ralph Garcea, analyst at Cantor Fitzgerald, rates the stock a buy and notes that recurring revenues account for 69 percent of the total. The stock closed recently at 96 cents, but he has a 12-month target price of $2.15 (Canadian).

Link

[eric7]

This post has been removed in accordance with Community Policy

[kynarr]

You could have looked it up yourself, of course, but yes, Cantor appears heavily implicated in following Neulion. Garcea notes that NeuLion’s second quarter revenue fell below his expectation of $25.4-million and the street consensus of $26.8-million, as did the company’s EBITDA of $3.3-million against his expectation of $5.1-million and the street’s $5.9-million. The analyst, however, sees

[eric7]

This post has been removed in accordance with Community Policy