Streetbeat News

VZIO

VIZIO Holding Corp.

https://www.vizio.com

Industry

Consumer Electronics

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated home entertainment solution, and data intelligence and services products through Inscape. Its SmartCast delivers content and applications through an easy-to-use interface, as well as supports streaming apps, such as Amazon Prime Video, Apple TV+, Discovery+, Disney+, HBO Max, Hulu, Netflix, Paramount+, Peacock, and YouTube TV and hosts its free ad-supported video app, WatchFree, and VIZIO Free channels. In addition, the company provides support for third-party voice platforms, as well as second screen viewing. It sells its products to retailers and through online channels. VIZIO Holding Corp. was incorporated in 2002 and is headquartered in Irvine, California.

Open

11.30

Mkt cap

2.3B

Volume

1.2M

High

11.35

P/E Ratio

161.57

52-wk high

11.37

Low

11.29

Div yield

N/A

52-wk low

6.63

VIZIO Holding Corp (VZIO) shares dropped after Walmart (WMT) received a request for more information from the FTC on their planned merger. The FTC's second request extends the review period of the merger, but both companies plan to respond promptly and continue cooperating with the FTC.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 4:12 pm

Vizio's stock price has declined following news that Walmart received a request for additional information from the FTC concerning their planned merger. This development suggests potential regulatory hurdles that could delay or impact the merger's completion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:32 am

Walmart has received a request from the FTC for additional information and documentary material related to its merger review with Vizio.

Portfolio Pulse from Charles Gross

April 30, 2024 | 10:12 am

J.P. Morgan analyst Cory A Carpenter maintains an Overweight rating on Roku Inc (NASDAQ:ROKU) ahead of its Q1 FY24 earnings report on April 24, despite negative investor sentiment. Carpenter predicts a revenue beat similar to Q4's 3% rather than Roku's 9% average from 3Q22-3Q23, due to lack of evidence of scatter market improvement. The analyst expects Roku to guide Q2 Platform revenue to around 10% Y/Y, with potential further deceleration in Q3. The upcoming Walmart Inc (NYSE:WMT) and Vizio Holding Corp (NYSE:VZIO) merger is seen as a challenge for Roku's ad fill rates and revenue acceleration. However, Carpenter remains positive on Roku's long-term growth in connected TV. Key upcoming events include Roku's Upfronts presentation, WMT/VZIO regulatory updates, and Roku's Q3 guidance for Q4 Platform revenue acceleration.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 6:01 pm

Needham analyst Laura Martin reiterates a Hold rating on VIZIO Holding (NYSE:VZIO), indicating no change in the investment firm's stance towards the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 9:29 am

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, revealing market sentiment and possible price movements. Notable activities include bullish sentiments for TSLA, VZIO, ETSY, ULTA, and RH; bearish sentiments for AMZN, DASH, and LULU; and neutral sentiments for BABA and KMX.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:35 pm

There are rumors that a potential deal involving Walmart may be facing difficulties, as indicated by mentions in an M&A blog. This speculation could impact investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:50 pm

Walmart Inc (NYSE:WMT) plans to refile its acquisition documents for Vizio Holding Corp (NYSE:VZIO) after withdrawing its initial filing to allow more time for antitrust review. The over $2 billion deal aims to enhance Walmart's advertising revenue and customer services by leveraging Vizio's expertise in TVs, advertising, and streaming. The refiling follows discussions with the Federal Trade Commission and the Department of Justice, with a new waiting period set to expire on April 29, 2024.

Portfolio Pulse from Shivani Kumaresan

March 28, 2024 | 12:28 pm

Walmart has announced its decision to voluntarily withdraw and refile its HSR Notification and Report Form concerning its merger with Vizio. This move is intended to provide antitrust agencies with more time to review the proposed transaction.

Portfolio Pulse from Charles Gross

March 27, 2024 | 9:13 pm

Piper Sandler analyst Thomas Champion downgraded VIZIO Holding (VZIO) from Overweight to Neutral and reduced the price target from $12 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:11 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.