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ADT Sues Amazon-owned Ring Over Blue Octagon Logo

5 years 5 months ago
(RTTNews) - Home security company ADT Inc. has filed a lawsuit against Amazon Inc.'s (AMZN) subsidiary Ring LLC alleging that the latter's designs are a direct copy of ADT's octagonal blue logo. According to reports, ADT has requested a federal judge in Florida to immediately

ADT Files Lawsuit Against Amazon’s Ring Service – Report

5 years 5 months ago
Amazon’s Ring LLC is being sued for allegedly copying ADT's trademarked blue octagon symbol. Bloomberg reports that the home security company wants Ring, a provider of smart home security devices, barred from using the symbol as it violates its copyright.According to Bloomberg, ADT Inc (ADT) alleges that it’s been using the blue octagon symbol for decades on window stickers and lawn-signs. It also states that that the trademarked symbol is currently displayed by about 6.5 million customers. The company wants a federal court to issue a cease-to-use order against using the look-alike symbol by the Amazon (AMZN) subsidiary.According to the Bloomberg report, ADT owns 12 registered trademarks for the shape, color, and look of the blue octagon shape in question. It also claims to have invested substantial resources in promoting its security offerings under the blue octagon trademark.The standoff stems from the two companies working together in the past. However, in 2016, they signed an agreement in which Ring promised never to use any trademarks similar to ADT’s. Alphabet’s (GOOG) Google ended up acquiring a 6.6% stake in ADT for $450 million last year. (See Amazon stock analysis on TipRanks).Stifel Nicolaus analyst Scott Devitt has reiterated a Buy rating on Amazon as the company prepares to report its 1Q 2021 financial results on Thursday, 29 April. According to the analyst, the company is well-positioned to report a 40% increase in revenue and an operating margin of 6.2%.“Growth in a post-COVID environment remains largely uncertain for Amazon and across the eCommerce landscape. Our 2Q revenue estimates are ahead of consensus as we see tailwinds stemming from strong growth in new Prime members and diversification across geographies and categories supporting the retail business as economies recover,” stated Devitt in a research note to investors.Devitt has a $4,000 price target on Amazon, which implies approximately 17% upside potential to current levels.Wall Street is bullish on Amazon's prospects with consensus among analysts being a Strong Buy based on 33 unanimous Buy recommendations. The average analyst price target of $4,118.69 implies 20.33% upside potential to current levels.AMZN scores a sturdy 9 out of 10 on the TipRanks’ Smart Score rating system, implying it is likely to outperform market expectations.Related News Lyft To Sell Autonomous Driving Division To Toyota For $550M - ReportRoku Could Drop YouTube TV Amid Google Standoff - ReportDell Collaborates With Secureworks On Subscription-Based Cybersecurity Service

Winners and Losers of Roku Going to War With YouTube TV

5 years 5 months ago
There's a lot of hostility in platform agnosticism these days. Roku (NASDAQ: ROKU) made waves on Monday when it sent out an email to those who use its app to watch Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube TV, warning viewers that the live TV streaming service could be go

Why Match Group Shares Are Still Too Expensive

5 years 5 months ago
The pandemic created a stay-at-home economy that proved to be an ideal environment for many technology companies as consumers spent a lot more time in front of various screens. For Match Group (NASDAQ: MTCH) -- the parent company of online-dating powerhouse Tinder, among an array

Tech lions circle fattened-up U.S. consumer

5 years 5 months ago
NEW YORK (Reuters Breakingviews) - Facebook, Alphabet’s Google and Amazon.com are lions on the prowl. Instead of wildebeest, they’re eyeing the fattened-up savings of the U.S. consumer. The tech titans stand to rake in ad revenue as

Amazon Unveils Fire Kids Pro, Fire HD 10 Kids Tablets

5 years 5 months ago
(RTTNews) - Amazon unveiled the all-new Fire Kids Pro tablets for kids ages 6 to 12 and the next generation Fire HD 10 Kids tablet for kids ages 3 to 7. The tablets are available for pre-order starting Tuesday and will begin shipping on May 26.Fire Kids Pro is available in three

Stock Split Watch: Is Amazon Next?

5 years 5 months ago
It's odd to see a retailer that prides itself on low prices fetching a four-figure stock price, but here we are. Amazon.com's (NASDAQ: AMZN) success and its reluctance to split its shares is creating an interesting dilemma for the iconic growth stock. There are only three U.S.-li

4 Top E-Commerce Stocks To Consider Buying Right Now

5 years 5 months ago
4 Top E-Commerce Stocks For Your WatchlistE-commerce stocks were among the biggest winners in the stock market over the past year. That said, if you’re now looking for such a huge return in a similar timeframe, it is not going to be a straightforward affair. However, if you

Why Verizon Is a Dividend Investor's Dream

5 years 5 months ago
Verizon (NYSE: VZ) stock has experienced struggles amid slow growth and high costs to deploy its 5G network. However, one area where Verizon has shined is in maintaining a growing, high-yield dividend. Although competition in the 5G market will likely require massive investments
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