Time Warner Cable Inc (TWC) Data Breach May Have Allowed For 320,000 Emails to Be Compromised


The FBI has warned Time Warner Cable Inc (NYSE:TWC) recently that the company’s email accounts for as many as 320,000 customers may have been breached by hackers. According to the company, as many as 320,000 email passwords may have been stolen, and they are now urging their customers to change their email passwords as soon as possible by going here.

“Our understanding is that the compromise had nothing to do with TWC’s systems or processes,” the company said in an email to potentially affected customers this week. “TWC has found no evidence of a breach in its systems that operate and secure email accounts for our customers.”

Time Warner Cable Inc (NYSE:TWC) and the FBI are still investigating the possible breach, which may have been caused by malware being installed on their customer’s computers, or via phishing attacks. The company believes that only customers with Roadrunner emailed addresses are at risk from this breach. The stock decreased 0.57% or $1.05 during the last trading session, hitting $181.87. Approximately 883,369 shares traded hands. TWC shares have risen 2.44% since June 2, 2015 and are currently uptrending. It has outperformed the S&P500 by 7.13%.

From a total of 7 analysts covering Time Warner Cable (NYSE:TWC) stock, 2 rate it a “Buy”, 0 a “Sell”, and 5 a “Hold”. This means that 29% of the ratings are positive. The highest target price is $219 while the lowest target price is $200. The mean of all analyst targets is $208.20 which is 14.48% above today’s ($181.87) stock price. Time Warner Cable was the topic of 9 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on November 11 with a “Neutral” rating. Canaccord Genuity maintained TWC stock in a recent report from October 30 with a “Buy” rating. Finally, Buckingham Research downgraded the stock to a “Neutral” rating in a report they issued on a July 31.

The institutional sentiment increased to 1 in Q2 2015. It’s up 0.28, from 0.72 in 2015Q2. The ratio increased, as 57 funds sold all their Time Warner Cable Inc shares they owned while 232 reduced their positions. 75 funds bought stakes while 215 increased their total positions. Institutions now own 221.49 million shares which is 5.75% less than the previous share count of 234.99 million in 2015Q2.

Deccan Value Investors L.P. holds 35.8% of its total portfolio in Time Warner Cable Inc, equating to 1.17 million shares. Salzman & Co. Inc. owns 249,143 shares representing 23.09% of their total US portfolio. Moreover, 3G Capital Partners Lp has 20.62% of their total portfolio invested in the company, equating to 1.56 million shares. The California-based Pacific Alternative Asset Management Company Llc has a total of 19.99% of their portfolio invested in the stock. Taconic Capital Advisors Lp, a New York-based fund reported 2.98 million shares owned.

Time Warner Cable Inc. is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in five geographic areas, including New York State, the Carolinas, the Midwest, Southern California and Texas. The company has a market cap of $51.81 billion. TWC operates in three divisions: Residential Services, Business Services and Other Operations. It has 27.37 P/E ratio. TWC offers video, high-speed data and voice services, as well as security and home management services to residential customers.