William Blair & Company Maintains Sonic Solutions (SNIC) Outperform Rating
William Blair & Company analysts Ralph Schackart, Jon McCumber and Kristopher Barney maintained their Outperform rating for shares of Sonic Solutions (Nasdaq: SNIC).
The analysts said that the Best Buy Co., Inc. (NYSE: BBY) digital movie service, called “Blue Sky,” appears to be a re-branding of Sonic Solutions' "CinemaNow" Digital Movie Service and that the company is showing how its platform can be used by any brand.
The William Blair & Company analysts wrote that, "the rapidly changing market for home entertainment is disrupting old business models and creating new opportunities. We believe CinemaNow is one of the best-positioned companies to benefit from the upheaval. We are often asked what makes CinemaNow’s offering so compelling, and why is their moat sustainable? To answer, we have to focus on two factors: studio “windowing” and digital formats."
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