98.46 +0.04 (0.04%)
After hours: 7:12PM EDT
|Bid||97.75 x 1000|
|Ask||98.42 x 900|
|Day's Range||97.54 - 99.55|
|52 Week Range||73.91 - 121.30|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||13.92|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||111.48|
EA's potential move to Creative Village may spur construction of a five-story office building, Orlando Business Journal has learned. Redwood City, California-based video game giant Electronic Arts Inc. — whose Orlando-based EA Tiburon Inc. is the largest video game studio in Florida — reportedly is nearing a deal to move to downtown Orlando's Creative Village. The company (Nasdaq: EA) wants roughly 170,000 square feet of space as it leaves its Maitland offices.
EA's potential move to Creative Village may benefit more than just downtown Orlando. Redwood City, California-based video game giant Electronic Arts Inc. — whose Orlando-based EA Tiburon Inc. is the largest video game studio in Florida — reportedly is nearing a deal to move from its Maitland office to downtown Orlando's Creative Village.
Shares of Activision Blizzard (NASDAQ:ATVI) have been slowly but surely making a comeback. Activision Blizzard stock is up 20% so far in 2019, thanks in large part to the near-24% rally it's experienced over the past month.Source: NPS_87 / Shutterstock.com That said, the stock is still well off its highs. For instance, ATVI stock is still down 30% over the past 12 months. Is now the time to buy Activision stock, while it's regaining some bullish momentum but it's still well below its former highs?According to several analysts, the answer may be yes. But no one is expecting ATVI to return to its 52-week high near $85, at least not yet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why Activision Blizzard Stock Can Reach $65September has been a busy month for the analysts who cover ATVI. On Sept. 4, BMO Capital Markets gave the shares a buy-equivalent rating and assigned a $60 price target to ATVI stock. * 7 Momentum Stocks to Buy On the Dip Since then, ATVI stock has received three more buy-equivalent ratings, all with $65 price targets. From current levels, that implies about a 16% gain by Activision Blizzard stock. While $65 is still a long way from the all-time high, a 16% rally is nothing to scoff at.Stifel, which issued one of the three recent bullish calls on Activision Blizzard stock, cited improving fundamentals in 2020 and easy comparisons next year. The company's upcoming BlizzCon event and the launch of its new Call of Duty game this fall could also be positive catalysts for ATVI stock. The firm added Activision Blizzard stock to its Select list.Also upgrading ATVI this month was Nomura, which assigned a "buy" rating and a $64 price target. The firm argued that Activision's recently launched World of Warcraft Classic game has "strong, above-average engagement" metrics. And like Stifel, Nomura believes the BlizzCon event can be a positive catalyst for ATVI stock. Valuing ATVI StockATVI has definitely had a tough 2019, and Activision Blizzard stock has paid the price. Analysts' average estimate calls for the company's revenue to sink 12.7% this year and for its earnings to drop nearly 16%. Ouch.But now Activision Blizzard stock is starting to gain some momentum among both investors and analystsThat's partly because we're coming into a seasonally strong time of the year. Video-game companies benefit from the holiday blitz, particularly when the economy is doing well.It also helps that there's only a few months left in 2019. As Stifel noted, the easier year-over-year comparisons in 2020 should help spark more optimism towards Activision Blizzard stock.For 2020, average estimates call for a roughly 10% rebound in sales and a 15.5% recovery in earnings. Analysts, on average, still expect the company's 2020 results to come in below its 2018 numbers, but a rebound is at least a step in the right direction. If ATVI builds on the momentum it's expected to have in 2020, Activision Blizzard stock could reach new highs. Trading Activision Stock Click to EnlargeActivision Blizzard stock has easily outperformed its closest peers over the past month, as it's jumped almost 24% during that time. That compares to the roughly 6% rally by Electronic Arts (NASDAQ:EA) and the approximately 2% decline by Take-Two Interactive (NASDAQ:TTWO) over the same period.However, going back further, the story has been different. For instance, all three names are up similar amounts so far in 2019. ATVI is up 20%, while EA and TTWO are up 26% and 25%, respectively. Over the past year though, ATVI's 30% decline is far worse than the 12% decline by EA and the 3% fall by TTWO.Activision Blizzard stock made an important move last month, pushing through $50 and rising into the mid-$50s. It's now consolidating between $55 and $57, as bulls try to work up the energy to push the shares even higher.Can they do it?Near $57 -- the top of the recent consolidation zone -- is the 61.8% retracement of the one-year range. If Activision Blizzard stock is able to push through that level, the 50% retracement at $62.26 is the next upward target. By reaching that level, ATVI stock would also fill the gap from all the way back in November.If ATVI stock can push through that zone, then the recently popular price target of $65 will be on the table.If the 61.8% retracement level act becomes resistance to Activision Blizzard stock, ATVI could drop. If that happens, look to see if the 20-day moving average can lift the name. Bulls desperately want to see ATVI stock stay above the $50 mark now, though.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Is Activision Blizzard Stock Set to Rally 16% to $65? appeared first on InvestorPlace.
Redwood City, California-based video game giant Electronic Arts Inc. — whose Orlando-based EA Tiburon Inc. is the largest video game studio in Florida — is nearing a deal to move from its 128,000-square-foot Maitland office to downtown Orlando's Creative Village, sources told Orlando Business Journal. Aaron Gray — executive vice president with JLL who represents EA in the negotiations — declined to comment. In addition, representatives with EA and Creative Village could not be reached for comment.
In retrospect, the recent rally of Activision Blizzard (NASDAQ:ATVI) stock shouldn't be the least bit surprising. Activision Blizzard stock struggled last year, but the selloff of Activision Blizzard stock was much greater than the proverbial crime ATVI had committed. A rebound was largely inevitable, particularly once analysts got on board.Source: NPS_87 / Shutterstock.com Although ATVI stock is now overbought and ripe for a little bit of profit-taking, a new, bullish outlook has been established that replaces the older, pessimistic one.In other words, analysts' upgrades and price target hikes are good reasons to put Activision Blizzard stock back on your radar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Excessive Punishment of ATVI StockJust a little over a year ago, video-game publisher Activision Blizzard could seemingly do no wrong. In 2018, ATVI stock reached what would eventually be a record high, and it had proven to be one of the top trades of 2017 and 2018.Then it all unraveled. A combination of lackluster demand for its newest Call of Duty entry, the strength of the hit online game Fortnite, a poor holiday-season outlook and the fact that its World of Warcraft game wouldn't be revised in 2019 all contributed to a tumble of more than 50% by Activision Blizzard stock.Other, more philosophical blunders were also made, such as failing to keep a finger on the pulse of how gamers are buying their titles and what sort of games they want.It all made Activision Blizzard stock an easy target for short sellers and bearish analysts. Indeed, the surprisingly poor numbers and the ensuing downgrades caused ATVI stock and the shares of its rivals, Electronic Arts (NASDAQ:EA) and Take-Two Interactive Software (NASDAQ:TTWO), to drop sharply.Now the opposite scenario appears to be unfolding. What They Said and What It Means"Going forward, ATVI should benefit from lapsed players coming back to games like Call of Duty or Overwatch as excitement around Fortnite cools," wrote BMO Capital's Gerrick Johnson in the note accompanying his upgrade of Activision Blizzard stock. Gerrick goes on to say, "Also, the idea that Fortnite exposed a new generation of gamers (including many females) to the shooter genre could be an added tailwind for ATVI."Also bullish on ATVI stock recently was Instinet analyst Andrew Marok. He upgraded ATVI stock from "Neutral" to "Buy,",contending that the recent "launch of World of Warcraft Classic has driven strong, above-expectations engagement in the franchise."Stephens analyst Jeff Cohen just upgraded Activision Blizzard stock as well, pointing out the potential of its upcoming Call of Duty title and saying "We believe 2019 numbers are now de-risked due to the successful launch of World of Warcraft Classic and the announcement of a Nintendo Switch port for Overwatch."The common themes are crystal-clear.The real underpinnings for more gains by Activision Blizzard stock, however, transcend the words. Look at the bigger picture, and specifically, the timing and speed at which that picture is improving. It's all falling into place at the same time for ATVI, and that provides a powerful, positive, upward push.Johnson even acknowledged as much, noting to investors "we are increasing the valuation multiple (on Activision Blizzard stock ) to 20x from 17x. As investors get more comfortable with the turnaround story and as new catalysts develop, we believe the company's valuation multiple will expand." The Bottom Line on Activision Blizzard StockActivision Blizzard isn't just the beneficiary of improving sentiment, to be clear. ATVI has thought a great about the business of designing and then selling video games.It knows it has to push its way deeper into eSports. It also knows it has to respect and even fear the rise of mobile gaming and independently-developed titles. It knows the days of disc-based and cartridge-based sales are numbered, and that they will be replaced by digital downloads, which opens the door to all sorts of competition.It's addressing those challenges though. For example, it's ramping up its eSports efforts, leveraging Overwatch. The company has tapped ratings agency Nielsen Holdings (NYSE:NLSN) to measure the fiscal benefit of sponsoring eSports events, which is a hint of a growing monetization push.Still, more than anything else, Activision Blizzard stock is compelling again, mostly because investors are starting to believe in it again.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Why Activision Blizzard Stock Is Finally Rebounding appeared first on InvestorPlace.
EA SPORTS™ NHL® 20 is now available worldwide on PlayStation®4 and Xbox One, giving fans more ways to unlock their skill, style and competition. “This is definitely the best feeling and playing EA SPORTS NHL hockey experience in the franchise,” said Sean Ramjagsingh, Executive Producer of NHL® 20. In addition, Signature Shots replicate the most recognizable shot styles of the biggest NHL stars, including P.K. Subban’s booming slapshot wind-up, Auston Matthews’s half toe-drag wrist shot and Alex Ovechkin’s seamless one-timer.
Beta of Activision Blizzard's (ATVI) upcoming Call of Duty: Modern Warfare game is now available exclusively for PlayStation 4 users.
The market didn't end yesterday's session at its high, but the 0.29% gain the S&P 500 was able to hang onto still translates into the third-straight winner. The Dow Jones Industrial Average logged its seventh consecutive win, with both indices still buoyed by renewed hopes that trade ties with China are on the verge of improving.Source: Shutterstock Overstock.com (NASDAQ:OSTK) led the charge with its 17% advance. Shares of the e-commerce platform continued the rally spurred by an upgrade from D.A. Davidson tendered earlier this week. Advanced Micro Devices (NASDAQ:AMD) offered up a meaningful helping hand too, gaining 1.5% because it's one of the more pronounced beneficiaries of a more accommodating trade environment.Holding the market back more than any other was Oracle (NYSE:ORCL), down 4.3% in response to last quarter's lackluster revenue growth, which was underscored by the announcement that Co-CEO Mark Hurd will be taking medical leave to attend to an unnamed health-related matter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Big IPO Stocks From 2019 to Watch None of those names are particularly well-suited trading prospects headed into today's action, however. Instead, take a look at the stock charts of Electronic Arts (NASDAQ:EA), Centurylink (NYSE:CTL) and Wynn Resorts (NASDAQ:WYNN). Here's why. Centurylink (CTL)A little over a month ago, Centurylink was featured as a noteworthy name thanks to a repeated effort to break past a major technical ceiling. Although not yet over that hump, a string of higher lows and improving technical support suggested such a move was only a matter of time.That happened, in spades. In fact, the sheer speed of the breakout was enough to push CTL stock beyond another major technical barrier. Although now overextended and ripe for some profit-taking, the entire sequence of events says the path of least resistance is now upward. * Click to EnlargeThe ceiling at $12.43, plotted in blue on the daily chart, was the technical ceiling in question. Centurylink peaked there twice in July, but didn't flinch at that level earlier this week. * The strength of the move carried CTL stock past the 200-day moving average line as well, marked in white on both stock charts. The whole move also unfurled on above average volume. * Although ripe for a pushback, the fact that the 20-day moving average line is now above the purple 50-day line, and the fact that the 50-day line is above the 100-day moving average line is telling. Any stumble should be short-lived. Wynn Resorts (WYNN)After a rough 2018, a choppy 2019 is a relative win for Wynn Resorts. Technical support around $103, marked as a red dashed line on both stock charts, gets much of the credit for escaping would could have turned out to be a move to lower lows.There may still be trouble ahead, however, despite the bullishness we've seen so far this month. WYNN stock is already slowing as it nears what's known to be major resistance, and another clue says the damage has already been done. * 10 Battered Tech Stocks to Buy Now * Click to EnlargeThe resistance line in question is the convergence of the purple 50-day moving average line and the white 200-day moving average. Wynn Resorts shares only had to get near them on Thursday to start peeling back. * Simultaneously, the 50-day moving average line has now crossed back under the 200-day moving average. This so-called "death cross" is a hint that the bigger-picture undertow is bearish despite the recent gains. * Even if the rally isn't quelled here, there's another impending ceiling. The yellow dashed line that connects the key peaks going back to the early 2018 high could still stop the advance. Electronic Arts (EA)Finally, the implosion Electronic Arts shares suffered last year hasn't persisted into this year. In fact, EA stock looks like it's been trying to stage a full recovery of that meltdown.It hasn't done that yet, and may never actually do so. There are several major clues that suggest that rebound is more likely than not though. And, the chart has drawn some clear lines in the sand that will make clear if and when the stock moves into full-breakout mode. * Click to EnlargeThe most important line in the sand is the line that connects the lower highs seen since February's peak, plotted in yellow on both stock charts. This week's lull makes clear traders are hesitant to push past it. * Nevertheless, the convergence of all the key moving averages since June is bullish in and of itself. Better still, we're close to seeing a renewed bullish cross where the purple 50-day line moves above the 200-day moving average. * It's also not likely to be a mere coincidence that the area standing in the way of more upside lies right around a Fibonacci retracement line near $103. Moving above it should also be catalytic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Big Stock Charts for Friday: Electronic Arts, Centurylink and Wynn Resorts appeared first on InvestorPlace.
There are more than 1,500 open positions at Central Florida's largest technology companies, including high-paying jobs such as electrical engineer and software developer.
Disney (DIS) is planning to divest FoxNext as it is reluctant to re-enter the highly competitive mobile gaming market ahead of the Disney+ launch.
Gaming stocks are finally showing a little life again. After a dreadful couple of quarters, the gaming names have started to recover from their worst levels. Activision Blizzard (NASDAQ:ATVI) stock, in particular, is back to the $56 range after reaching $40 earlier this year.Source: Lauren Elisabeth / Shutterstock.com Is the optimism justified? Some analysts and traders are excited to see Activision Blizzard stock benefiting from product launches and events that will build engagement with the company's audience. Other observers, however, see Activision as a floundering company that has not achieved much in the way of long-term strategic goals.Which of these viewpoints will play out for ATVI stock over the next year?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dueling AnalystsAnalysts have taken opposite stances on ATVI stock so far this month. Stifel just raised its price target for Activision Blizzard stock from $57 to $65 last week. It did this because the company had poor sales figures last year. This, in turn, sets up strong comparisons for Activision going forward. Stifel noted the upcoming release of the next "Call of Duty" game along with the BlizzCon event as positive catalysts to help give the ATVI stock price a boost.While Stifel sees a clear path of short-term upside for Activision Blizzard stock, Cowen's Doug Creutz disagrees. He says that potential BlizzCon buzz is already priced into ATVI stock, given the recent run in Activision's share price. Meanwhile, Creutz put a damper on the "World of Warcraft Classic" excitement, saying that the enthusiasm will be difficult to monetize. * 10 Battered Tech Stocks to Buy Now Creutz values ATVI stock at just $48 per share. That'd be 15% downside from the current share price. He says that while Activision has some interesting opportunities coming up, the company has a lot to prove, given its poor organic growth performance over the past decade. Is Activision's Long-Term Strategy Working?As Creutz noted, Activision Blizzard stock has not been a great long-term performer. That's in part because management hasn't fully adapted to today's changing gaming landscape. They have made some reasonable moves, such as acquiring the King studio for mobile gaming.Overall, however, it seems they are a little short in terms of innovation. With "Call of Duty," for example, how long will they keep going with the one release a year model that doesn't change up the formula too much? "Call of Duty" sales have been declining in recent years -- there's only so much you can get from a brand before people tire of it.More broadly, Activision still relies heavily on single-time game purchases, which goes against the grain. Investors want more subscription or downloadable content recurring revenue streams. It's achieved those more favorable revenue splits within the Blizzard and King divisions. Unfortunately, those are not where Activision's blockbuster new games are coming from, and within that category, rivals like "Fortnite" continue to outshine Activision's content. Activision Blizzard Stock ValuationOn the one hand, you can certainly defend Activision's financial performance in recent years. Revenues, for example, are up from $4.6 billion in 2013 to $7.1 billion in the most recent year. Even accounting for the King acquisition, Activision has certainly been able to expand its overall business. The company hasn't let the growth of the gaming industry completely pass it by. Rivals like EA (NASDAQ:EA) and Take-Two (NASDAQ:TTWO) have outperformed ATVI stock, however.Activision's skeptics, however, would note that annual operating income is only up from $1.5 billion to $2 billion over the same stretch. Ideally, you'd expect more of that revenue growth to filter down to the bottom line. That's because digital transactions, subscriptions and micro-transactions/DLC content were all supposed to boost profit margins. Yet, Activision hasn't seen margins really explode as it has scaled up.In any case, Activision Blizzard stock is currently trading for 26x trailing earnings. That's not cheap, particularly for a hit-centered business. As Activision moves more to recurring revenues, it should be able to sustain a higher valuation ratio. Still, 26x earnings is quite steep. Analysts have forward earnings at a consensus 22.5x, which is much more reasonable.But those forward earnings estimates, in turn, require upcoming game launches to deliver on expectations. InvestorPlace's Luke Lango makes a solid argument for how Activision could have a stellar 2020. However, management will have execute before the market is going to reward Activision Blizzard stock with a much higher share price. My Verdict on ATVI StockIf you bought Activision Blizzard stock in 2017 or 2018, you might be tempted to argue that ATVI stock is still cheap here. After all, it hit $85 last year, so $56 must be a deal, right?But I don't think it's that simple. Activision, and the rest of the gaming stocks, got wildly overvalued last year. The sector faced reality earlier this year, with ATVI stock bottoming at $40. Since then, shares have rebounded more than 30% off the lows. That's plenty of upside, given the company's uncertain operating performance. Don't let the discount to last year's share price fool you. At 26x earnings, Activision Blizzard stock still comes with plenty of risk.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Activision Blizzard Stock's Rebound Will Run Out of Steam appeared first on InvestorPlace.
Today, Electronic Arts Inc., (EA) unveiled the official EA SPORTS™ FIFA 20 soundtrack that includes new music from Major Lazer, which is featured in the all-new VOLTA FOOTBALL* mode inspired by the culture of street football from around the globe. The music of FIFA 20 brings together both emerging and globally-acclaimed artists to create a diverse tracklist featuring Grammy-award winner Diplo's global dance music trio Major Lazer, rising star Anderson .Paak, world renowned electronic music duo Disclosure and one of dance music’s pioneering forces Don Diablo.
Superstar KO - Offering Fans a Fun and Fast Way to Play Madden NFL 20 - and Free Trial Engage 24% More Players Year-Over-Year
He died just about a month short of his 50th birthday. But his organization continues to work to make a difference.
CEO of Electronic Arts Inc (30-Year Financial, Insider Trades) Andrew Wilson (insider trades) sold 9,000 shares of EA on 09/03/2019 at an average price of $93.91 a share. Continue reading...
PopCap, a studio of Electronic Arts (EA), today announced Plants vs Zombies: Battle for Neighborville™ - a new game that welcomes players to Neighborville, a suburban region where the clash between flora and undead is always flourishing. PopCap is launching the next title in the beloved Plants vs. Zombies™ franchise with a whole new way to play ahead of launch. Featuring over-the-top action that fans of previous Plants vs. Zombies shooter titles have come to know and love, players can jump down into Giddy Park for light multiplayer battles or use the social board to interact with other players and group up.
Last year, the holidays failed to arrive for Activision Blizzard (NASDAQ:ATVI) investors. They watched the video game publisher's stock tumble 47% between the start of October and Christmas Eve.Source: Lauren Elisabeth / Shutterstock.com After sinking to two-year lows in February, ATVI stock has been clawing its way back, managing to eke out a 13% gain so far in 2019. But ATVI's chances at a sustained recovery lie with two of its most popular game franchises. The retro "World of Warcraft Classic" launched on Aug. 27, while "Call of Duty: Modern Warfare" goes on sale Oct. 25. * 7 Deeply Discounted Energy Stocks to Buy The two game launches are generating considerable buzz that has already given ATVI stock a boost. Analysts have a median 12-month price forecast for ATVI stock of $55, with estimates ranging as high as $68, along with a Strong Buy recommendation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Past Year Has Been Rough on ATVI Stock InvestorsThe performance of ATVI stock over the past 12 months has tested the patience of many investors. For those who bought last fall, expecting the massive roll ATVI had been on for years to continue, it was especially painful. After starting 2013 at the $11 level, ATVI stock climbed relentlessly, hitting an all-time high of $83.39 on Oct. 2. Then the bottom fell out for ATVI."Call of Duty: Black Ops 4" launched on Oct. 12, setting digital sales records for game consoles, but failed to generate the numbers investors were expecting based on its adoption of the hugely popular "battle royale" concept from runaway hit "Fortnight." A miss on its Q3 earnings in November added to the rout and by the time markets closed on Dec. 31, Activision Blizzard stock was trading for $46.57 -- a 44% loss in just three months.But it hadn't hit rock bottom yet. That happened Feb. 11 when ATVI closed at $40.11, its lowest point in two years. The reasons for that drop were concerns about Q4 earnings combined with news the company was planning to lay off hundreds of employees.Since then, ATVI stock has had a bumpy ride, but the overall trend has been up. At this point, it has put together a 13% gain for 2019. In comparison, rival Electronic Arts (NASDAQ:EA) is up 22% in 2019. ATVI Stock Hopes for a WoW and COD BoostTwo of Activision Blizzard's most important game franchises have launches this fall. If they perform as expected, there is significant upside for ATVI stock.At the end of August, the company released "World of Warcraft Classic," a retro take on its popular WoW game that celebrates its 15th anniversary. So far the results have been positive -- the new WoW version set a launch day record of 1.1 million concurrent viewers on Amazon's (NASDAQ:AMZN) Twitch game streaming platform. WoW generates revenue through ongoing subscription revenue of $14.99 per month. If "World of Warcraft Classic" can rejuvenate subscriber levels (an estimated 5.5 million in 2018 compared to 12 million in 2010), the boost to ATVI's bottom line would be significant.On Oct. 25, the company is launching "Call of Duty: Modern Warfare." Early reviews have been glowing, raising hopes that the latest CoD release will eclipse last year's version. 2018's "Call of Duty: Black Ops 4" set a launch day digital sales record, but its $500 million launch weekend failed to improve on 2017 CoD launch numbers. That disappointed investors …In addition, the company recently announced it is expanding development teams for its popular Diablo and Overwatch franchises, as well as Candy Crush -- the ultra popular mobile game series that earned Activision Blizzard over $1.5 billion in micro transactions last year alone. Based on this fall's game lineup and the resources being committed to other key game franchises -- not to mention the 2020 launch of new game consoles from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) -- ATVI is poised to leave a terrible 12 months behind. And Activision Blizzard stock is well-positioned for continued recovery.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Activision Blizzard Stock Set for a WoW and CoD-Fuelled Recovery appeared first on InvestorPlace.
Electronic Arts (EA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.