September 9, 2005
SpeculatingStocks.com Stock Pick: OpenTV Corp (OPTV)
Stock Price: $2.98 (short-term strong buy)
OpenTV Corp. is a provider of software, content and applications and professional services for interactive and enhanced television. The company develops and manages branded television channels, offers applications that enable viewers to engage in commerce transactions, retrieve information and engage in other interactive services such as fixed-odds gaming through their televisions.
OPTV has been in a strong, steady uptrend over the last two weeks. The company has released several press releases recently including the acquisition of the cable TV advertising inventory management assets of CAM Systems.
OpenTV is a company that always has several deals in the works with their vast network of partners. Expect big, exciting things out of this company as they move forward.
Revenue was $20.9 million for the most recent quarter. The company reported cash and cash equivalents of $66.6 million.
SpeculatingStocks.com Target Price: We expect OPTV to reach $4.00 within the next 1-2 months.