45.33 0.00 (0.00%)
After hours: 4:57PM EDT
|Bid||45.35 x 900|
|Ask||45.33 x 3000|
|Day's Range||44.58 - 45.77|
|52 Week Range||39.85 - 84.68|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||19.88|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.37 (0.81%)|
|1y Target Est||53.00|
Overwatch League card packs available globally on Upper Deck e-Pack™; free bonus set promotion live now through July 8 CARLSBAD, Calif. , June 19, 2019 /PRNewswire/ -- Upper Deck, the premier worldwide ...
Sales of traditional console-based video games were down 17% in May from a year ago, as gamers continue to shift to free-to-play games, mobile offerings and a couple of traditional games had lackluster debuts. Wedbush's Michael Pachter continues to have Outperform ratings on several game companies, but he noted the industry is changing. The retail sales figure missed his estimate of $150 million.
Despite all the noise, video-game manufacturer Electronic Arts (NASDAQ:EA) and EA stock has always had one ace up its sleeve: its core revenue-generating industry. Many of the younger InvestorPlace readers may not remember a time when video games represented the exclusive domain of partner-less nerds. I speak from personal experience.Source: Shutterstock Of course, the gaming marketplace is very different today. According to a recent industry report, 65% of American adults play video games. Moreover, the average age is 33 years. From the perspective of stakeholders of Electronic Arts stock, this rising demographic trend is extremely positive.How so? Back in the nascent stage of video-game consoles from Nintendo (OTCMKTS:NTDOY) and Sony (NYSE:SNE), parents would scream at their children to put down their controllers and finish their homework. Again, I speak from personal experience. Now, parents are playing alongside their children.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today With the gaming industry having attained mainstream credibility, the EA stock price should be on fire. However, several gaming stocks performed poorly last year due to a myriad of headwinds, including even geopolitical ones. Naturally, this has dampened the environment for EA and rivals like Activision Blizzard (NASDAQ:ATVI).Still, investors should take solace in that Electronic Arts stock appears to have stabilized. Moreover, the company beat its earnings and revenue expectations for its fiscal fourth quarter of 2019. While one report doesn't change the entire narrative, it's a far cry from Q3's disappointing take.Here are three more reasons why contrarians can believe in EA stock: Management Can Fix What Went WrongLast year was an unusual one. Conspicuously, the Trump administration started to lose credibility in foreign affairs. That's an issue that the former real-estate mogul harped on during his campaign for the 2016 election.A consequence of the spiraling affairs in the White House was the U.S.-China trade war. That eventually sparked a severe correction in the broader markets. I mention this because looking back in hindsight, Electronic Arts stock would have suffered irrespective of management's decisions.But that doesn't excuse EA's top-level executives which made some unforced errors. Key among them was the Battlefield V mishap. Prior to launching the full retail version of the game, EA released a teaser-trailer during a gaming conference. Fans immediately complained about Battlefield V's historical inaccuracies, which was set in World War II.Management insisted that the fans were wrong, even mocking them at one point. They forgot the cardinal rule of business: the customer is always right.I don't need to dive into the gory details. Suffice to say, Battlefield V was an incredible disappointment, badly hurting the EA stock price.But here's the good news: presumably, the worst of the damage is over for Electronic Arts stock. Now, the leadership team just needs to concentrate on fixing what went wrong.If you think about it, that's the easy part: they must cease silly unforced errors. Furthermore, they should concentrate on what has always worked in any industry: give the customers exactly what they want. Apex Legends Delivers the Goods for EA StockSpeaking about fulfilling consumer desires, a discussion on EA stock is incomplete without mentioning Fortnite. Seemingly out of nowhere, this upstart first-person shooter (FPS) turned the broader gaming sector upside down.Personally, I found this phenomenon difficult to understand. Companies like EA and ATVI have dominated the FPS market with increasingly realistic graphics and gore. Fortnite, with its bright, cartoonish graphics, was almost a slap in the face to industry protocol. Yet everybody was talking about it, while the established giants faded into the background.Obviously, that also negatively impacted Electronic Arts stock. However, in this regard, management demonstrated that they're learning lessons from the battlefield (pun intended).Their online FPS title, Apex Legends, encompasses the core elements that made Fortnite a hit: free to play, and utilizing an improved version of "battle royale" mode. When it launched, Apex was an immediate success. More recent indicators suggest that nothing in that characterization has changed. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Best of all, Fortnite's vaunted user growth is finally slowing. Between November 2018 and March 2019, registered users gained 25% to 250 million. That rate pales in comparison to between June 2018 to November 2018, which was 60%. Love It or Hate It, EA Owns Sports GamingIn some ways, Electronic Arts is a drug dealer. Every year, they release essentially the same game but with prettier graphics. Oh, and some new feature that may or may not resonate with fans. They get away with it because the consumer base is addicted.When it comes to the company's EA Sports division, the old rules (i.e., the customer is always right) don't apply. Since EA owns the most lucrative sports licenses -- NFL and FIFA -- discerning sports fans have few alternative options.I don't see management ever giving up this cash cow, which offers multiple esports synergies. Therefore, I'm inclined to believe the turnaround narrative of EA stock.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 3 Reasons to Believe in the Contrarian Case for EA Stock appeared first on InvestorPlace.
Take Two Interactive scored positive press and analyst coverage for its showing at the E3 video game show last week. One analyst on Monday raised his price target on Take Two Interactive stock.
Returning with a new line of exclusive apparel, today the fashion juggernaut UNIQLO launched the latest t-shirt line from the 2019 UNIQLO X Blizzard Entertainment Collection, featuring iconic imagery and characters from some of Blizzard’s fan-favorite properties including Overwatch®, World of Warcraft®, Hearthstone®, Diablo® III, Heroes of the Storm®, and StarCraft® II.
Hollister Co., a division of Abercrombie & Fitch Co. (ANF), and the global retail brand celebrating the spirit of an endless summer, has teamed up with Activision, a wholly owned subsidiary of Activision Blizzard, Inc. (ATVI), to bring the latest installment in the Crash Bandicoot™ franchise, Crash™ Team Racing Nitro-Fueled, to its shoppers on the game's launch day, June 21, 2019. To celebrate the launch, three Hollister stores in Los Angeles (Los Cerritos Center), Chicago (Woodfield Mall) and New York (Roosevelt Field) will host hands-on gaming experiences. Gaming lounges will be placed throughout each of the stores, and PS4 systems will be hooked up to the stores’ front video screens, creating immersive experiences for customers to try the new game.
Activision Blizzard (ATVI) closed at $45.63 in the latest trading session, marking a -0.91% move from the prior day.
Electronic Entertainment Expo (E3) 2019 witnessed major announcements from Microsoft (MSFT), Nintendo, EA and other gaming companies.
Morgan Stanley came away from the Electronics Entertainment Expo video game trade show in Los Angeles with a better understanding of the details of some of the key releases coming up this year and what ...
E3, the annual Electronic Entertainment Expo, is underway in Los Angeles. It's a trade event for the video gaming industry that sees leading gaming companies make important announcements—including new games. Here's how the expo has been affecting the market so far—and what you can expect.
Activision Blizzard Inc NASDAQ/NGS:ATVIView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ATVI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ATVI. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ATVI had net inflows of $3.52 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Today we're going to take a look at the well-established Activision Blizzard, Inc. (NASDAQ:ATVI). The company's stock...
Activision Blizzard (ATVI) shares have fallen 39.0% in the last 12 months and are down 2.0% since the start of 2019.
In this daily bar chart of ATVI, below, we can see that prices were cut in half form early October to February. The On-Balance-Volume (OBV) line has drifted up from a February low and suggests that buyers of ATVI have returned. In this weekly bar chart of ATVI, below, we can see that prices are still below the declining 40-week moving average line.
Investors looking for stocks that can thrive amid the market's wild swings - and a possible recession ahead - might look at video game stocks such as Electronic Arts Inc. (EA), Activision Blizzard Inc. (ATVI) and Take-Two Interactive Software Inc. (TTWO). “We anticipate valuation multiples for video game companies to move higher owing to the relative safety of the interactive entertainment industry,” wrote BMO Capital Markets analyst Gerrick Johnson, according to a detailed story in Barron’s. BMO says that the value of traditional video game franchises has been overlooked amid the unprecedented success of Fortnite's free-to-play game model.
The video game industry is rewarding new and different ideas rather than copycats, and those companies that can hit on the next new thing – the next “Fortnite”, for example, but not another “Fortnite” – will be the winners as the next generation gets going, MKM Partners said in an industry look Tuesday. “We are seeing a greater divergence among publishers in achieving consistent success with key game franchises and new IP development,” Handler wrote in a note timed to the beginning of the industry’s big E3 trade show this week. Project Scarlett, the next generation gaming console from Microsoft Corp (NASDAQ: MSFT) is coming out at the end of 2020.
Last year Spyro the Dragon made his triumphant return in Spyro Reignited Trilogy, and on September 3 he’s continuing to spread the remaster fire by landing onto Nintendo Switch™ and PC via Steam for the very first time. Currently available on PlayStation® 4, PlayStation® 4 Pro and the family of Xbox One devices from Microsoft, including the Xbox One X, Spyro Reignited Trilogy will soon allow Spyro fans to enjoy the three original Spyro™ games however they want to play -- on the go with Nintendo’s gaming console or looking better than ever on PC. The trilogy, which includes Spyro™ the Dragon, Spyro™ 2: Ripto’s Rage! and Spyro™: Year of the Dragon, will be available to pre-order starting today via major retailers at a suggested retail price of $39.99.
Crossing the finish line in Crash™ Team Racing Nitro-Fueled doesn’t mean the Bandicoot has sung! Today, Activision Blizzard, Inc. (ATVI) and lead developer Beenox announced that for the first time ever, purchasers of the remastered game will be able to take part in free bonus seasonal content with its Grand Prix in-game offerings post launch. Giving gamers another reason to play, the first Grand Prix will kick off on July 3, 2019, and will include a new track for all players, unlockable characters, karts and various customization items. Today, in a first-look of CTR TV, hosts Chick and Stew revealed all the fun awaiting players in the Grand Prix.
Why Activision Blizzard Stock Could Stage a Comeback(Continued from Prior Part)Goldman Sachs upgraded ATVIOn June 10, investment bank Goldman Sachs (GS) upgraded Activision Blizzard (ATVI) stock from a “neutral” to a “buy” and added the
Take Two's (TTWO) robust slate of releases that includes Borderlands 3, Ancestors: The Humankind Odyssey and The Outer Worlds are expected to drive net bookings in fiscal 2020.
Much of the development is happening in Velan's downtown Troy offices. The studio invested more than $630,000 in new offices last year.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]