|Bid||93.10 x 1400|
|Ask||93.57 x 1100|
|Day's Range||91.10 - 93.58|
|52 Week Range||73.91 - 151.26|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||20.28|
|Earnings Date||May 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||102.48|
Apex Legends once dominated gaming livestreams, but its declining viewership points to some key trends in the gaming industry.
Electronic Arts (EA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ZNGA’s returns The stock of gaming company Zynga (ZNGA) has generated a return of 51% in the last 12 months. Since the start of 2019, the stock is up 36%.
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Price to earnings Take-Two Interactive (TTWO) has a forward PE ratio of 28.9x for 2019. This valuation seems reasonable given the company’s significant revenue and
Electronic Arts Inc. will release its financial results for the fourth fiscal quarter and year ended March 31, 2019 after the close of market on Tuesday, May 7, 2019. In conjunction with this release, EA will host a conference call to review its financial results for the fiscal fourth quarter and year, discuss its outlook for the future and may disclose other material developments affecting its business ...
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Primary revenue driver in the last quarter Gaming companies such as Take-Two Interactive (TTWO), Electronic Arts (EA), and Activision Blizzard (ATVI) are highly
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)PE ratio Activision Blizzard (ATVI) has a forward PE ratio of 35.9x for 2019. This ratio might seem high given the company’s negative revenue and earnings
Google's upcoming cloud gaming service is a bold step for the industry, but here's why most gamers are likely to stick with their consoles and PCs.
Why Take-Two Interactive Might Be a Good Buy Right NowStock has lost 8.6% this yearTake-Two Interactive (TTWO) stock had been on a roll for the last few years. The stock is up 370% in the last five years and 156% in the last three years. The stock
Activision (ATVI) announces that Sekiro: Shadows Die Twice game sales exceeded 2 million copies globally in less than 10 days of its release.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard stock was trading at $84 in October 2018 Activision Blizzard (ATVI) stock was trading at ~$84 in October 2018. The stock has since lost 43%
Each loot box offers a chance at winning digital costumes or better players that help their teams perform better. Loot boxes are extremely lucrative for the game publishers, generating billions of dollars in high-margin profits. Although loot boxes have been around for years, the monetization strategy is now coming under more scrutiny, with critics likening it to gambling aimed at the young.
During a panel today at Star Wars™ Celebration in Chicago, Respawn Entertainment, a studio of Electronic Arts (EA), announced that Star Wars Jedi: Fallen Order™, a new third-person action adventure game, will launch on November 15, 2019 on Xbox One, PlayStation®4 and PC via Origin™. The game will feature an authentic story set shortly after the events of Star Wars: Revenge of the Sith™, when the Jedi have fallen.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard’s sales are expected to fall 11.6% in 2019The global gaming market continues to grow at a robust pace. The gaming market is expected to
Headquartered in Santa Monica, California, Activision Blizzard (NASDAQ:ATVI) is one of the most important interactive software and content developers, holding the keys to some of the biggest video game franchises. After being a darling among investors from 2014 to the last quarter of 2018, ATVI stock has dropped more than 40% from its early October highs.Source: Shutterstock The group is expected to report quarterly earnings on May 2. So what kind of price performance can we expect from the company around its earnings release? And will ATVI stock ultimately become a strong buy-candidate in the second quarter?Although I would not bet against ATVI stock's future, between now and the earnings release date, I expect to see further volatility and possible price weakness in Activision Blizzard stock. Here is why:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Current Headwinds for Activision Blizzard StockIncreased Competition: The global gaming market has been growing at a rapid rate and is expected to exceed $180 billion in revenues in 2021. The success of mobile gaming, which accounts for half of the gaming revenue, is one of the most important drivers behind this growth. * 7 AI Stocks to Watch with Strong Long-Term Narratives Going forward, analysts believe eSports will become a major disruptive force, with a market that will exceed $1 billion this year and with a revenue increase of 26.7% year-over-year. Most of the revenues for the companies in this segment currently come from North America and China.Such a growth industry inevitably attracts global competition. For example, Fortnite, an apocalyptic survival video game developed and marketed by the privately held Epic Games, generated $2.4 billion in revenue last year, more than any single game in 2018. The free-to-play game has become a worldwide champion among gamers of all ages.Earnings Season Worries: ATVI is one of the largest gaming companies globally in terms of revenue and market cap. The company has five core divisions: * Activision, which produces franchises such as Call of Duty and Destiny and focusing on console gaming; * Blizzard, which produces franchises such as World of Warcraft and Overwatch and focusing on online PC games with an emphasis on subscription-based business models; * King Digital, which produces mobile games; * Activision Blizzard Studios, a television and film studio that produces original content based on ATVI's existing franchises; and * MLG, which is an online eSports broadcasting network which produces titles like the Overwatch League.Activision Blizzard is currently franchise-reliant, whereas competition like Fortnite tends to focus on video game volume. In other words, if ATVI's core franchises were to lose popularity, the company would face fiscal and market consequences and the stock price would suffer.When Activision Blizzard reported earnings on Feb. 12, Wall Street was hoping to see the company to dispel fears of Fortnite and other competition. However, the company's fourth-quarter financial results left some investors raising an eyebrow as the number of monthly active users (MAUs) showed a steady decline in 2018 -- a possible sign that Fortnite has indeed been luring away ATVI fans.While Call of Duty: Black Ops 4 has done well, the Destiny franchise has been underperforming. Finally, Activision Blizzard's 2019 guidance that was less than impressive, with a forecasted drop in revenue to $6.3 billion from $7.5 billion in 2018. The company is also decreasing the global headcount by 8%.Analysts have also been concerned about the impact of several high-profile exits among Activision executives. The industry would rather report the company's successful franchises and positive player experiences than worries over the managerial void. For example, Activision Blizzard is continuing to bet big on eSports and investors are hoping that a bigger fan base would also translate into larger live events and merchandise sales. However, the numbers to positively affect the bottom line are not there yet.In short, most investors are likely to wait on the sidelines until they have more have a chance to analyze the balance sheet. Unless the numbers and the rest of the 2019 guidance are exceptional in May, investors may decide not to invest in the stock for several more weeks -- or even months. Short-Term Technical Analysis of ATVI StockDespite the broader market rally of 2019 which has pushed the prices of many tech stocks significantly higher, year-to-date, Activision Blizzard stock is up only around 2%. On the other hand, the stock price of Electronic Arts (NASDAQ:EA), one of ATVI's main competitors, is up 27% in 2019.ATVI stock's 52-week price range has been $84.68 (Oct. 1, 2018)-$39.85 (Feb. 11, 2019) and its 2019 gains have come mostly in March. Therefore, its short-term technical indicators have now become overextended. Investors who pay attention to short-term oscillators should note that ATVI's technical message has also become "overbought."Nonetheless, ATVI's current price is still under the 200-day moving average, a long-term trend-following technical indicator, which currently is at $53.3. While long-term investors would like to see ATVI stock go over the $50 level, traders are likely to keep the range between $47.50 and $42.50. Ultimately, ATVI's price will need to stabilize and build a base again before a long-term sustained leg up can occur.If you already own ATVI stock, you might want to hold your position. However, within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3%-5% below the current price point.If you are an experienced investor in the options market, you may also consider using a covered call strategy with approximately a six-week time horizon. In that case, you may, for example, buy 100 shares of ATVI at a limit price of $47.17 (the closing price on Apr. 11) and, at the same time, sell a ATVI May 31 $47.5 call option, which currently trades at $2.7.The $47.50 option is almost at-the-money, offering downside protection in case of volatility and a decline in Activision Blizzard stock. This call option would stop trading on May 31, 2019, and expire on June 1.After the upcoming earnings call, if you still believe in the bull case for Activision Blizzard stock, then you might consider waiting for a better time to buy, such as when the share price is around the low $40's, or even high $30's. The Bottom Line on ATVI StockWith its strong franchise focus, Activision Blizzard is an important company that is likely to weather the ebbs and flows of the industry. The rise of the digital gaming revolution is here to stay, and I believe the long-term fundamental story of ATVI stock is still intact.Investors who are interested in companies in the interactive software, entertainment or communication services but do not want to commit all their capital to a single stock such as ATVI may also consider investing in various exchange-traded funds (ETFs) that have Activision Blizzard as a holding. Examples of such funds would include the Invesco Dynamic Software ETF (NYSEARCA:PSJ), the VanEck Vectors Video Gaming and eSports ETF (NYSEARCA:ESPO) or the Communication Services Select Sector SPDR (NYSEARCA:XLC).As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Should You Consider Buying Activision Blizzard Stock Before Earnings? appeared first on InvestorPlace.
(Bloomberg) -- Electronic Arts Inc. is on pace to gain for a third consecutive session as gamers await the tight-lipped reveal of the latest Star Wars title Saturday afternoon.
On CNBC's "Mad Money Lightning Round," Jim Cramer said this is a great level to buy more shares of Tandem Diabetes Care Inc (NASDAQ: TNDM ). Cramer is not a buyer of Electronic Arts Inc. (NASDAQ: ...
Activision (ATVI) unveils latest expansion pack for Hearthstone - Rise of Shadows, which has more than 100 million players worldwide.
Glu Mobile (NASDAQ:GLUU) has recovered nicely from the slump following its February earnings report. Over the last four weeks, Glu Mobile stock saw a massive surge higher. It now trades more than 10% above the pre-earnings levels seen in early February.Source: Shutterstock Glu Mobile stock has built its success based on its licensing deals, the performance of its games, and the return to profitability.However, the history of mobile games shows that game performance drives mobile gaming stocks. Hence, understanding its games will play a more important role in succeeding with GLUU than studying company financials.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off Here's What Drove GLUU Stock HigherIn my post-earnings report, I described GLUU stock as a "buying opportunity for risk-taking investors." GLUU rewarded those who took the risk handsomely. Since the 13.2% post-earnings plunge, the stock has risen by over 29%.Titles such as Kim Kardashian: Hollywood, Design Home, and Tap Sports Baseball have kept mobile gamers glued to their screens. The company also agreed to develop games for Disney (NYSE:DIS), using characters from Pixar and the programs Disney developed in-house. This brought about Disney Sorcerer's Arena and will lead to more games in the near future.Fundamentals also remain compelling. Analysts expect profits to increase by 25% this year and 40% next year. That type of growth makes the 23.3 forward price-to-earnings (PE) ratio appear reasonable.Unfortunately, these metrics remain secondary. GLUU Games Drive GLUU StockThe numbers matter with regard to the company's health itself. However, for GLUU stock to succeed, these numbers take a back seat to the success of its games. Games pulled GLUU out of penny-stock status. They also helped it recover after an underwhelming earnings report.However, investors still need to take heed of the history of the gaming industry. In all likelihood, instead of trading like an Activision (NASDAQ:ATVI) or an EA (NASDAQ:EA), GLUU stock will most likely mirror that of its closest peer, mobile gaming company Zynga (NASDAQ:ZNGA). The Lessons of ZyngaZynga rode high in the early part of the decade on the success of Mafia Wars and Farmville. This took ZNGA stock to almost $16 per share in March 2012. However people began to log on to Zynga games less often, and by the end of 2012 the stock had fallen below $2.50 per share as the gaming platform lost almost half of its user base.With GLUU stock trading at over $11 per share, I see a similar fate as the company's greatest threat. Hence, to succeed with Glu Mobile stock, do not study PE ratios and cash flow statements. Instead, explore the games themselves and their performance.Like with Zynga's experience with Farmville, at some point, gamers will eventually grow weary of titles such as Design Home and Tap Sports Baseball. For GLUU stock to enjoy long-term success, the company needs to make sure the interest shifts to one of GLUU's other games when this happens.If the company can continually pull off this transition, Glu Mobile stock will continue to rise. However, if it fails in this area, GLUU could return to penny-stock status. Final Thoughts on Glu Mobile StockHence, the user base stands as the most critical metric in predicting the performance of GLUU stock. GLUU rose from penny-stock status on a handful of successful games. It now seeks to build on that base by partnering with Disney and designing games built around the media giant's characters.Despite the potential for that partnership, GLUU stock remains primarily dependent on growing and maintaining its user base. GLUU investors need to stay mindful of the lessons of Zynga and what happens when players become bored with a specific game. Even though they have enlisted a powerful partner in Disney, it still faces constant pressure to keep users coming to the Glu Mobile platform.GLUU can keep moving higher if its games remain popular. However, if one cannot develop an interest in Glu Mobile games, they should not buy an interest in GLUU stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Don't Watch the Glu Mobile Stock Financials, Watch the Gaming Trends appeared first on InvestorPlace.
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)Zynga expects 15% revenue growth With Zynga’s (ZNGA) advertising business returning to growth (with a double-digit growth rate throughout 2018) and the company
Moschino and Maxis™, a studio of Electronic Arts (EA) announced that Jeremy Scott will host his annual Palm Springs Desert Party with The Sims™ to celebrate the launch of a new capsule collection. Inspired by the popular life simulation video game franchise, a whole collection of ready-to-wear items and accessories including Moschino items with pixelated designs and a limited run of eight Moschino x The Sims items will be available at Moschino boutiques worldwide as well as Moschino.com on April 13th.
Gaming Stocks: Analysts' Views in April(Continued from Prior Part)Activision Blizzard Activision Blizzard (ATVI) has risen 2.9% this year based on its closing prices on April 8. Electronic Arts (EA) has risen 24.1% YTD (year-to-date), while GameStop
Gaming Stocks: Analysts' Views in April(Continued from Prior Part)Take-Two Interactive SoftwareTake-Two Interactive Software (TTWO) has seen downward price action of 8.4% in 2019 based on its closing prices on April 8. The stock has underperformed