Dolby Laboratories, Inc. (DLB): Buy Post-Earnings?

…and the uncertain
In addition to Dolby’s new Atmos Cinema tech, which has been deployed by theater chains including AMC, Regal Entertainment Group (NYSE:RGC), and Cinemark Holdings, Inc. (NYSE:CNK), CEO Kevin Yeaman also reported progress on two other notable technologies:

First, BT Group plc (ADR) (NYSE:BT) is planning to officially launch the first teleconferencing service to utilize Dolby Voice in the third quarter, which both Dolby and BT claim makes teleconference audio sound closer than ever to having an in-person conversation. Next, Cameron Pace Group — run by none other than Avatar creator James Cameron and Vince Pace — has officially placed its backing behind Dolby’s promising new glasses-free 3-D format.

While it’s obvious neither Dolby Voice nor glasses-free 3-D will meaningfully contribute to Dolby’s bottom line any time in the near future, both undoubtedly possess the ability to represent truly disruptive services in the future.

Foolish final thought
At the end of the day, despite the continued fall of Dolby’s former core markets, I remain encouraged by its progress in shifting the balance to greener pastures down the road. As a result, I’m convinced Dolby’s revenue will eventually resume its upward climb, and patient long-term investors who buy at today’s levels stand to be handsomely rewarded when that happens.

Judging by the 4% jump in Dolby’s shares Friday, it would seem I’m not the only one.

The article After Earnings, Is It Time to Buy Dolby? originally appeared on Fool.com.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Amazon.com and Dolby Laboratories (NYSE:DLB). The Motley Fool owns shares of Amazon.com and Qualcomm.

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