This Week in Sirius XM Radio

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Things never get dull for the country's lone satellite-radio provider. Shares of Sirius XM Radio (NASDAQ: SIRI  )  moved lower on the week, sliding 2.3% to close at $3.38. The move was slightly worse than the Nasdaq's 1.6% slide. 

There was more going on beyond the share-price gyrations, though. Sirius XM announced the date for its next earnings report. Zacks upgraded the stock, and it's dealing with the aftermath of firing morning-show host Anthony Cumia a weekend earlier.

Let's take a closer look.

Quarter back
Investors are now a little more than two weeks away from Sirius XM's next quarterly report. The satellite-radio star set aside the morning of July 29 to host its conference call to discuss its performance.

Sirius XM hasn't pre-announced any metrics ahead of the report, but that isn't necessarily problematic. Sometimes it will push out its latest subscriber target shortly after concluding a reporting period when they're impressive, but there have been plenty of upside surprises in its history that came without the pre-announced fanfare. 

Analysts see a profit of $0.02 a share on $1.02 billion in revenue. That represents revenue growth of 8.7%, decelerating from the 11% year-over-year uptick it posted just three months ago. 

Zacks in the box
Sirius XM saw its shares boosted to a "buy" rating from Zacks on Wednesday. The trigger for the upgrade is that Sirius XM is making headway in diversifying its operations with a bigger push into telematics. 

It inked deals with two of the largest automakers last month to provide complimentary multi-year subscriptions to its SiriusXM Traffic and SiriusXM Travel Link navigation offerings. More than merely a way to get around and skirt traffic -- something that anyone with a smartphone can do these days -- Sirius XM's tools make it easier to do things like check for nearby multiplex movie times or find the cheapest gas prices without having to fumble with a smartphone.

No one puts Cumia in a corner
Sirius XM began dealing with the aftermath of its decision to fire Opie & Anthony co-host Anthony Cumia a week after he went on a racially charged Twitter rant. Cumia was set off after being physically attacked, and while he clearly crossed the line on some of his eventually deleted tweets, one can always argue that his show was born out of controversial shock-jock antics in the first place. Sirius XM knew what it was getting into when it brought in the two morning-show hosts who were booted from terrestrial radio for crossing the line. 

It remains to be seen what will happen to the show. The two other stars are under contract until later this year, and it will be interesting to see whether Sirius XM sticks with the show, brings back Cumia, or drums up new programming.

Trend Tracker: Warren Buffett: This new technology is a "real threat"
At the recent Berkshire Hathaway annual meeting, Warren Buffett admitted that an emerging technology is threatening the Oracle of Omaha's bread and butter. And it's no long a question of if, but when, according to the industry's foremost research firm. Find out how you can cash in on this technology before the crowd catches on, by jumping on to one company that could get you the biggest piece of the action. All the details are laid out in a new free investor alert from The Motley Fool. Click here now to learn more!

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3026747, ~/Articles/ArticleHandler.aspx, 9/3/2015 12:29:31 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rick Munarriz

Rick has been writing for Motley Fool since 1995 where he's a Consumer and Tech Stocks Specialist. Yes, that's a long time. He's been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service's inception. He earned his BBA and MBA from the University of Miami, and he now lives a block from his alma mater.

Today's Market

updated 3 hours ago Sponsored by:
DOW 16,351.38 293.03 1.82%
S&P 500 1,948.86 35.01 1.83%
NASD 4,749.98 113.87 2.46%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/2/2015 4:00 PM
SIRI $3.82 Up +0.06 +1.60%
Sirius XM Radio CAPS Rating: ***