Last $18.51 USD
Change Today +0.22 / 1.20%
Volume 1.4M
CVC On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

cablevision systems-ny grp-a (CVC) Snapshot

Open
$18.35
Previous Close
$18.29
Day High
$18.52
Day Low
$18.26
52 Week High
07/29/14 - $20.42
52 Week Low
11/8/13 - $14.65
Market Cap
5.0B
Average Volume 10 Days
1.6M
EPS TTM
$0.91
Shares Outstanding
217.0M
EX-Date
08/13/14
P/E TM
20.3x
Dividend
$0.60
Dividend Yield
3.24%
Current Stock Chart for CABLEVISION SYSTEMS-NY GRP-A (CVC)

cablevision systems-ny grp-a (CVC) Details

Cablevision Systems Corporation, together with its subsidiaries, owns and operates cable television systems in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services, including programming, local broadcast network affiliates and independent television stations, other news, information, sports and entertainment channels, regional sports networks, video on demand, and entertainment and advertising services under the Optimum brand name; high-speed data services to residential and small business customers through a cable modem device under the Optimum Online name; and Voice over Internet Protocol services under the Optimum Voice name. The Lightpath segment offers Ethernet-based data, Internet, voice, and video transport and managed services to health care, financial, education, legal, and professional services industries, as well as the public sector and telecommunication providers. The Other segment is involved ion the operations of Newsday, a daily newspaper; amNewYork, a free daily newspaper; various weekly shopper publications; and online Websites, such as newsday.com and exploreLI.com. This segment also provides the News 12 Networks, which provides regional news programming services; cable television advertising; MSG Varsity, a program service showcasing high school sports and activities, and other local programming. As of December 31, 2013, it served approximately 2.8 million video clients. The company was founded in 1985 and is headquartered in Bethpage, New York.

14,046 Employees
Last Reported Date: 02/26/14
Founded in 1973

cablevision systems-ny grp-a (CVC) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $2.0M
Vice Chairman and Chief Financial Officer
Total Annual Compensation: $1.9M
Executive Vice President, General Counsel and...
Total Annual Compensation: $1.2M
Senior Vice President and Treasurer
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

cablevision systems-ny grp-a (CVC) Key Developments

Cablevision Systems Corp. to Lay Off 86 Telemarketing Employees, Effective Nov. 7, 2014

Cablevision Systems Corp. will lay off 86 telemarketing employees, effective Nov. 7, 2014. In a state Worker Adjustment and Retraining Notification Act filing that the workers are based in Jericho, where they take calls from customers interested in cable TV products. The jobs were being eliminated in a consolidation of three similar sales locations into two, with those in the Bronx and New Jersey to remain open.

Cross MediaWorks Appoints Stephanie Mitchko-Beale as its Chief Technology Officer

Stephanie Mitchko-Beale has joined Cross MediaWorks as it's chief technology officer. In this new role, Mitchko-Beale will be responsible for the advancement of data-enhanced advertising solutions, including addressable and advertising for Cross MediaWorks. Mitchko-Beale was most recently the senior vice president of Video Infrastructure Software at Cablevision Systems Corp., where she was responsible for developing technology and infrastructure to support Video-On-Demand, Subscription Video-On-Demand and advanced interactive applications for Digital Television and Broadband. She also developed e-commerce sites supporting online distribution of modems and, recently, cloud-based Digital Video Recorder (DVR) systems.

Cablevision Systems Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014; Releases New Version of Optimum TV App

Cablevision Systems Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues, net of $1,628,137,000 against $1,569,619,000 a year ago. Operating income was $255,893,000 against $197,763,000 a year ago. Income from continuing operations before income taxes was $152,876,000 against $48,729,000 a year ago. Income from continuing operations was $91,028,000 against $28,222,000 a year ago. Net income attributable to company’s stockholders was $94,210,000 or $0.35 per diluted share against $135,359,000 or $0.51 per diluted share a year ago. Diluted income per share from continuing operations was $0.34 against $0.11 a year ago. Adjusted operating cash flow was $487,328,000 against $439,035,000 a year ago. Second quarter capital expenditures were $239 million and free cash flow was $185 million. The company's second quarter consolidated net debt was $8 billion. For the six months, the company reported revenues, net of $3,203,723,000 against $3,080,847,000 a year ago. Operating income was $462,976,000 against $305,150,000 a year ago. Income from continuing operations before income taxes was $216,071,000 against $30,953,000 a year ago. Income from continuing operations was $181,162,000 against $21,089,000 a year ago. Net income attributable to company’s stockholders was $184,238,000 or $0.68 per diluted share against $119,319,000 or $0.45 per diluted share a year ago. Diluted income per share from continuing operations was $0.67 against $0.08 a year ago. Adjusted operating cash flow was $921,617,000 against $787,002,000 a year ago. Net cash provided by operating activities was $707,478,000 against $501,566,000 a year ago. Capital expenditures were $425,193,000 against $495,850,000 a year ago. Consolidated free cash flow from continuing operations was $283,031,000 against $5,716,000 a year ago. The company continues to expect full year 2014 AOCF growth in the mid to high single digits as compared with full year 2013. While the first and second quarter results reflect strong year-over-year growth, certain expense increases that are anticipated for the second half of the year will temper growth in the third and fourth quarter. The company released a new version of Optimum TV app, which integrates this TV to GO content directly into the application. The Optimum app is now the single destination for customers to access their Optimum content, both inside and outside the house. The company also enhanced Multi-Room DVR product by increasing the number of simultaneous recordings from 10 to 15, the most of any DVR in market.

 

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Industry Analysis

CVC

Industry Average

Valuation CVC Industry Range
Price/Earnings 17.3x
Price/Sales 0.8x
Price/Book NM Not Meaningful
Price/Cash Flow 3.7x
TEV/Sales NM Not Meaningful
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