|Bid||143.11 x 800|
|Ask||143.15 x 800|
|Day's Range||141.65 - 144.83|
|52 Week Range||99.63 - 147.13|
|PE Ratio (TTM)||42.76|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||143.24|
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the game chain reported first quarter net income and revenue that beat Wall Street expectations.
Mike Olson, Piper Jaffray senior analyst, discusses the streaming push from video game publishers as announced at the E3 conference.
CNBC’s Julia Boorstin reports the highlights from the E3 conference including the success of Fortnite and how other companies are looking to capitalize on its popularity.
Video game stocks received price-target increases following the annual E3 trade show last week in Los Angeles. Major publishers Activision Blizzard, Electronic Arts and Take-Two Interactive Software are looking healthy heading into the back half of 2018, Wall Street analysts say.
For today, WallStEquities.com takes a look at the performance of four Multimedia and Graphics Software stocks, particularly: Activision Blizzard Inc. (NASDAQ: ATVI), Electronic Arts Inc. (NASDAQ: EA), Glu Mobile Inc. (NASDAQ: GLUU), and Sea Ltd (NYSE: SE).
Electronic Arts Inc. more than quadrupled compensation for its production chief to $48.4 million as the gaming company raised pay for top executives in an effort to keep talent. Patrick Soderlund, who runs EA Worldwide Studios, was the highest paid of the company’s leaders, receiving equity awards totaling $46.3 million, while Chief Executive Officer Andrew Wilson received $35.7 million in total pay, a 79 percent increase from a year earlier, the Redwood City, California-based company said Friday in a regulatory filing.
One of the most important titles for EA stock was for Battlefield 5, a multiplayer World II shoot-‘em-up game. Keep in mind that it will have a “battle royale” mode that allows for massive battles that go to the bitter end. For example, Activision Blizzard, Inc. (NASDAQ:ATVI) recently announced it will also introduce a battle royale mode in Call of Duty: Black Ops 4.
Fortnite always carried the potential for runaway success. Thanks to its playful, color-saturated graphics that are appropriate for all audiences, but with gameplay reminiscent of war titles from Activision Blizzard, Inc. (NASDAQ:ATVI) and Electronic Arts Inc. (NASDAQ:EA), Fortnite covers all bases. Case in point is Sony Corp (ADR) (NYSE:SNE).
Video game stocks hit multi-month and all-time highs as the 2018 Electronic Entertainment Expo (E3) kicked off this week, highlighting a healthy industry that is set to undergo a major transformation thanks to the cloud and lightning fast internet connections. This games-as-a-service subscription model dominated interest in the opening sessions, with Electronic Arts Inc. ( EA) set to launch the Origin Access Premier streaming service this summer. This won't happen overnight due to latency issues, and Sony Corporation ( SNE), Nintendo Co., Ltd. ( NTDOY) and Microsoft Corporation ( MSFT) will maintain dominance into the new decade, but their physical machines may eventually wind up on the scrap heap.
E3 is not only for game companies. The 24th Electronic Entertainment Expo is the biggest show for video game companies such as Electric Arts Inc. , Activision Blizzard Inc. and Take-Two Interactive Software Inc.
First, let me be clear about one thing: Despite a recent TechRadar report that Netflix, Inc. (NASDAQ:NFLX) is preparing to stream video games, a Netflix spokesperson has since clarified that no such thing is happening. Instead, the company is expanding its interactive videos business and licensing Stranger Things for a video game that will appear on Telltale’s platform, not Netflix’s platform. You’re not going to see a Netflix video games section any time soon … but the company absolutely should get into games.
June 9 was the start of the Electronics Entertainment Expo (E3) 2018 show. Over the past few days we’ve already seen plenty of news and updates, but which announcements stand out from the rest and have the most potential impact on video game related stocks? In terms of the console business, Microsoft Corporation (NASDAQ:MSFT) announced that it is working on the next version of the Xbox.
LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want access to our free earnings report on Electronic Arts Inc. (NASDAQ: EA), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EA. The Company reported its fourth quarter and full fiscal year 2018 operating and financial results on May 08, 2018. The video game maker delivered record operating cash flows and announced a $2.4 billion share repurchase program.
Video game stocks have a host of growth drivers that should make them attractive to investors, a Wall Street analyst said ahead of the annual E3 trade show in Los Angeles.
Video game publisher Electronic Arts announced Saturday that its upcoming World War II action game "Battlefield 5" will feature a last-man-standing battle royale mode.
For investors, this is the time to look into video game stocks, since the public video game developers and studios will be announcing and showing off their line-ups for the next year. Baird suggests that investors take a "pick your favorite flavor" approach to these stocks. Microsoft held its Xbox presentation on Sunday, June 10, so it makes the most sense to start with it.
Everything from clothes to food to movies are sold in subscriptions. The subscription and cloud gaming model could expand the total addressable market of gamers by eliminating the prohibitive cost of owning a $300 to $500 console, according to Morgan Stanley.
Here are some things going on today in the world of tech: The annual E3 video game conference takes place in Los Angeles tomorrow, Wednesday, and Thursday, and already the announcements have been coming over the weekend from big participants such as Electronic Arts (EA) and Microsoft (MSFT), and keeping the Street busy. R.W. Baird’s Colin Sebastian this morning points out in a note to clients that "the global interactive entertainment industry will reach ~$145 billion in revenues by 2020, on track to become the largest segment of media and entertainment globally." Microsoft made some headlines on Sunday, announcing it would buy four game-making studios, Playground Games, Ninja Theory, Undead Labs and Compulsion Games, and that it is also forming its own new studio, called The Initiative, and based in Santa Monica.
Next Tuesday the annual gaming conference, E3, has become will get started at the Los Angeles Convention Center. Okay, then, what can we expect from E3 2018? During the past few years, Electronic Arts Inc. (NASDAQ:EA) has had its own pre-show at E3 (it was held yesteday at the Hollywood Palladium).
Today, at EA PLAY, Electronic Arts Inc. announced that NBA LIVE 19 will launch worldwide on PlayStation®4 and Xbox One on September 7, 2018. NBA LIVE 19 will once again allow players to be THE ONE and forge their own path as one of the best high school players in the nation chasing the dream to become an all-time basketball icon.