S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Sirius XM Growth Train Continues (SIRI)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Sirius XM
Sirius XM Radio Inc. (NASDAQ: SIRI) managed to grow ahead of expectations.  The company added some 1.7 million new subscribers in 2011 to end the year with almost 21.9 million subscribers.  The report put total annual subscribers up about 100,000 more than what it had previously expected.  2011 turned out to be the best year for new subscribers for Sirius going back to the 2008 acquisition of XM Radio which allowed the satellite radio giants to combine into a monopoly.

The result is about 540,000 subscribers in the fourth quarter added in total and Sirius XM is backing its existing 2011 and 2012 guidance.

With shares up over 20% in the last quarter you might think that the good news was already priced into the stock.  Shares closed down 1.6% at $1.83 to day, but the after hours session has shares up 2.2% at $1.87 in active trading versus a 52-week trading range of $1.27 to $2.44.

The big question remains… With Howard Stern now taking on the judge role for ‘America’s Got Talent’ after claiming that he was already being overworked during contract negotiations, is he going to remain as active in his broadcast role ahead? 

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

A 70-Year-Old With $1.4 Million Faces a $62,000 RMD That Pushes Him Into a Higher Tax Bracket
Drew Wood |

A 70-Year-Old With $1.4 Million Faces a $62,000 RMD That Pushes Him Into a Higher Tax Bracket
A Couple's $1.2 Million Portfolio Faces a 3.9% Withdrawal Rate That Feels Safe but Is Not
Drew Wood |

A Couple's $1.2 Million Portfolio Faces a 3.9% Withdrawal Rate That Feels Safe but Is Not

Continue Reading

Jon C. Ogg |

SIRIUS XM Growth Meets Headwinds (SIRI)

Sirius XMSIRIUS XM Radio Inc. (NASDAQ: SIRI) may have to take a breather after the satellite radio monopoly gave a…
Researchers Think Clear Skies Remain Ahead for Sirius XM
Jon C. Ogg |

Researchers Think Clear Skies Remain Ahead for Sirius XM

24/7 Wall St. wanted to see what analysts have to say about the Sirius XM first-quarter report.
What a Dividend and Stock Buyback Boost Means for Sirius XM Holders
Jon C. Ogg |

What a Dividend and Stock Buyback Boost Means for Sirius XM Holders

Sirius XM may be signaling that it is migrating more toward an established company. It has declared its first common…
Jon C. Ogg |

Sirius XM Trends: Debt-Rating Boost, Short Seller Vendetta, Positive Presentation (SIRI)

Sirius XMSirius XM Radio Inc. (NASDAQ: SIRI) is far from a company without controversy.  Yesterday came a company shareholder presentation…
Jon C. Ogg |

The Case For and Against SIRIUS XM… Value Versus Pandora? (SIRI, P)

Sirius XMSIRIUS XM Radio Inc. (NASDAQ: SIRI) is always a gamble around earnings because of its massive share count and…
Jon C. Ogg |

Sirius XM Outlines More Growth for 2013, out to 2016-2018, at Annual Meeting

courtesy of Sirius XM RadioSirius XM Radio Inc. (NASDAQ: SIRI) has some new forecasts for 2013. CEO James Meyer spoke…
Why Sirius XM Could Face Sales and Margin Pressure for Years
Jon C. Ogg |

Why Sirius XM Could Face Sales and Margin Pressure for Years

Shares of Sirius XM were lower on the first trading day of 2018 after a JPMorgan analyst downgraded the stock.
Douglas A. McIntyre |

Can Sirius Draw Attention To Results Rather Than Only The XM Merger? (SIRI, XMSR)

Shares of SIRIUS Satellite Radio (NASDAQ:SIRI) are trading up roughly 2% a day ahead of earnings, and this is likely…
Dismissing Sirius Earnings Reaction May Not Be Wise
Jon C. Ogg |

Dismissing Sirius Earnings Reaction May Not Be Wise

Shares of Sirius XM were down more almost 6% in midday trading after its earnings report, and they are now…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618