72.50 -0.48 (-0.66%)
Pre-Market: 9:08AM EDT
|Bid||72.72 x 2200|
|Ask||72.92 x 1100|
|Day's Range||71.09 - 73.04|
|52 Week Range||43.49 - 75.97|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||34.59|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.41 (0.56%)|
|Ex-Dividend Date||Apr 14, 2020|
|1y Target Est||78.12|
Activision Blizzard is the best positioned videogame stock for the second half of 2020, according to Piper Sandler.
Video game companies are delaying the launch and debut of major titles amid George Floyd and police brutality protests.
Aside from the possibility for one or two major releases next year, the game maker will need to see continued strength in the "Call of Duty" franchise to drive growth.
With lockdowns in place, the global video game market is expected to grow further.
Shares of Activision Blizzard (NASDAQ: ATVI) climbed 12.9% in May, according to data from S&P Global Market Intelligence. The video game company's stock posted big gains following better than expected first-quarter results published early in the month. Activision Blizzard released its first-quarter results after the market closed on May 5, delivering sales and earnings that trounced the market's expectations.
Zynga (ZNGA) is enhancing its mobile gaming portfolio with the purchase of Istanbul-based Peak. The addition of Toon Blast and Toy Blast will expand Zynga's "Forever Franchises" to eight.
Toy-maker Hasbro (NASDAQ: HAS) has a dominant market position in old-fashioned toys like dolls and board games. The company owns the rights to Monopoly and G.I. Joe, among other assorted brand names you might remember from your childhood. The company also has strong ties to Disney and produces Star Wars action figures, not to mention toys for the Marvel cinematic universe.
Video games have become a huge business. That’s raised interest in video game stocks, including those that are considered esports stocks. Top names include Activision, EA and Take-Two.
The video game industry has always been intensely competitive, but in recent years, new game formats such as mobile and free-to-play have shifted the landscape. The company has extraordinary game franchises but little progress to show in mobile gaming or esports. Activision Blizzard (NASDAQ: ATVI) is an example of a video game company that has done a great job expanding into the new frontier of gaming.
Activision Blizzard (NASDAQ: ATVI) and NVIDIA (NASDAQ: NVDA) are pillars of the video game industry. Meanwhile, many of the millions of PC gamers are using NVIDIA's graphics cards, and the company claims to serve more than 200 million gamers with its GeForce family of graphics processing units (GPUs) and is the market share leader in the discrete GPU market. With more people at home since March, Activision Blizzard reported high engagement levels across most of its games.
Activision Blizzard, Inc. (NASDAQ: ATVI) announced today that, due to ongoing public health concerns related to the COVID-19 pandemic, it has changed the format of its 2020 annual meeting of stockholders (the "Annual Meeting") from a physical in-person meeting to a virtual meeting format. The Annual Meeting will be convened as originally planned on June 11, 2020 at 9:00 a.m., Pacific Time and immediately adjourned to a virtual-only meeting via live audio webcast.
Barnes Group (B) has been suffering from weak end markets on account of the coronavirus outbreak-led issues, rising operating costs and other issues.
Activision Blizzard Inc (NASDAQ: ATVI) has partnered with TeamSpeak in a multi-year deal that will label the VoIP application as the Call of Duty League's communications partner.The application will be integrated into all in-game communications through 2023.Jack Harari, VP of global partnership development at Activision Blizzard Esports, said in a release: "TeamSpeak offers best-in-class broadcast communications capabilities that we rely on to empower and optimize our teams and players. We have an obvious advantage entrusting TeamSpeak to provide this critical part of our operations in highly competitive environments where seamless voice communications are critical to successful broadcasts of live competition."This partnership isn't too surprising considering the Overwatch League signed with TeamSpeak back in December."Working with the Call of Duty League is a strong indicator of the continued adoption of our technology as the solution of choice among the leading competitive leagues and teams worldwide," said Ian Bamford, CEO of TeamSpeak. "Our technology ensures seamless in-game communications for every scenario, whether all-virtual, or for live, in-person events."TeamSpeak's deal as the Call of Duty League's communications partner will include a "global digital marketing program" that will push online brand sponsorships and community campaigns.When live events can return, the partnership will also include stadium support.Related Links:'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So FarElectronic Arts Analysts See Stay-At-Home Strength, Possible Game Delays After Q4 ReportSee more from Benzinga * Immortals Gaming Club Partners With Nerd Street Gamers To Launch Online Esports Camps * 'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So Far * OWL's Philadelphia Fusion Claims Aim Lab As Skills Training Partner(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Activision Blizzard, Walt Disney, Amazon, Alphabet and Microsoft highlighted as Zacks Bull and Bear of the Day
Like many of its tech industry peers, Amazon sees an opportunity for big bucks in the changing nature of video games. The free-to-play and games-as-a-service models are keeping revenue streams open long after release, and the arrival of cloud gaming may give companies like Amazon the chance to bypass console giant gatekeepers such as Nintendo, Sony, and Microsoft. Here's what you should know about Amazon, Crucible, and what comes next.
With lockdowns yet to be lifted completely and many staying at home on fears of the coronavirus spreading, there is not much entertainment other than video games.
Bull of the Day: Activision Blizzard, Inc (ATVI)
Here we discuss some gaming ETFs that are well poised to gain as an increasing number of people are resorting to in-house entertainment modes like video games amid the lockdown measures.
Take-Two Interactive (NASDAQ: TTWO) has a new fan on Wall Street. The video game giant's shares were upgraded on Tuesday and assigned a $170 price target by Gerrick Johnson, an analyst at BMO Capital Markets. Johnson highlighted Take-Two's widening content portfolio, which includes sports franchises like the surging NBA 2K brand, as helping the company's growth.
BMO Capital Markets analyst Gerrick Johnson says Take-Two Interactive’s plan to keep a light schedule of new releases for fiscal 2021 is a shrewd move, giving its labels more time to fully exploit the technology in the new gaming systems.
The Zacks Analyst Blog Highlights: Nintendo, Activision Blizzard, Glu Mobile, Capcom and DouYu International
Altra Industrial (AIMC) is experiencing difficult end-market conditions on account of the coronavirus outbreak-led market downturn. Also, its high debt level is concerning.