TTWO - Take-Two Interactive Software, Inc.
| Previous Close | 125.27 |
| Open | 125.17 |
| Bid | 121.79 x 900 |
| Ask | 122.88 x 800 |
| Day's Range | 121.73 - 125.17 |
| 52 Week Range | 84.41 - 135.70 |
| Volume | 1100708 |
| Avg. Volume | 1,259,377 |
| Market Cap | 14B |
| Beta (5Y Monthly) | 0.69 |
| PE Ratio (TTM) | 39.18 |
| EPS (TTM) | 3.11 |
| Earnings Date | Feb 4, 2020 - Feb 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 136.33 |
- Zacks
Activision Rides on Franchise Strength & New COD Release
Activision Blizzard (ATVI) is benefiting from franchise strength. The introduction of Call of Duty: Modern Warfare Battle Pass is expected to boost revenue growth.
- Benzinga
The Game Festival Will Allow Players To Stream Titles Like 'System Shock,' 'Eastward' For 48 Hours
Producers of The Game Awards on Thursday will lead into that event with a new offering called The Game Festival, an opportunity for gamers to try out new games. Today I'm introducing a brand new aspect of #TheGameAwards It's called #TheGameFestival, and tomorrow for 48 hours, you'll get to play 12 new game demos for the first time on @Steam. Other games that will be part of the trial are "Röki," "Wooden Nickel," and "Haven," according to organizer Geoff Keighley.
- Investor's Business Daily
IBD Rating Upgrades: Take-Two Interactive Software Flashes Improved Technical Strength
Take-Two Interactive Software shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
- Zacks
Activision's Descent of Dragons For Hearthstone Now Available
Activision Blizzard (ATVI) is likely to benefit from portfolio strength with the launch of Hearthstone's Descent of Dragons expansion pack despite intensifying competition.
- Zacks
Take Two (TTWO) Launches Cloud Chamber, New Bioshock in Development
Take-Two Interactive (TTWO) announces the launch of new studio to expand portfolio and push the boundaries of interactive entertainment.
- Benzinga
College Esports: 7 Pioneering Programs In The Collegiate Gaming World
Oakland University in Michigan recently announced it will launch a varsity esports program next fall, investing $100,000 into the program, which will offer partial scholarships to student gamers. The team will play “Super Smash Bros.,” “Rocket League” and “League of Legends,” the school said during a press conference. Oakland University is just the latest to officially sanction esports as an intercollegiate competitive program, joining more than 150 other schools that are members of the National Association of Collegiate Esports and about 170 that have varsity esports programs.
- Zacks
Take-Two Launches Kerbal Space Program Expansion on Console
Take-Two (TTWO) is likely to benefit from portfolio strength with the launch of Kerbal Space Program Enhanced Edition: Breaking Ground expansion pack despite intensifying competition.
- Business Wire
2K Announces Newly-Formed Studio – Cloud Chamber™ – Developing Next Iteration in Acclaimed BioShock® Franchise
2K today announced the founding of Cloud Chamber™, the newest, wholly owned game development studio under the Company’s publishing label. A collective of storytellers eager to push the frontlines of interactive entertainment by making unique, entertaining and thoughtful experiences that engage the world, Cloud Chamber will build its team at two locations: 2K’s San Francisco Bay Area headquarters in Novato, Calif., as well as in Montréal, Québec, which marks the first-ever Canadian office for a 2K studio. In addition, 2K announced that Cloud Chamber has started to work on the next iteration of the globally acclaimed BioShock® franchise, which will be in development for the next several years.
- Zacks
Why Is Take-Two (TTWO) Up 5.8% Since Last Earnings Report?
Take-Two (TTWO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
Ancestors: The Humankind Odyssey Now Available for PlayStation 4 and Xbox One
Private Division and Panache Digital Games today launched Ancestors: The Humankind Odyssey for PlayStation®4, PlayStation®4 Pro, and across the Xbox One family of devices, including Xbox One X. Ancestors: The Humankind Odyssey is a third-person, exploration, survival game from Panache Digital Games, the independent development studio co-founded in 2014 by Patrice Désilets, the original creative director behind Assassin’s Creed. Previously released on PC in August 2019, Ancestors: The Humankind Odyssey was praised by Comicbook.com as "Truly unique" and "As engrossing as it is dangerous" by Screen Rant.
- Business Wire
Kerbal Space Program Enhanced Edition: Breaking Ground Expansion Now Available for PlayStation 4 and Xbox One
Private Division and Squad today announced that Kerbal Space Program Enhanced Edition: Breaking Ground Expansion is now available for PlayStation®4, PlayStation®4 Pro and across the Xbox One family of devices, including Xbox One X. This highly- anticipated second expansion for Kerbal Space Program Enhanced Edition, brings plenty of fresh content for new and current players on console. The fan-favorite expansion Kerbal Space Program: Breaking Ground previously launched on PC in May 2019.
- Investor's Business Daily
IBD Rating Upgrades: Take-Two Interactive Software Flashes Improved Relative Price Strength
A Relative Strength Rating upgrade for Take-Two Interactive Software shows improving technical performance. Will it continue?
- Insider Monkey
Is Take-Two Interactive Software, Inc. (TTWO) Going To Burn These Hedge Funds ?
Is Take-Two Interactive Software, Inc. (NASDAQ:TTWO) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise […]
- InvestorPlace
Should Investors Consider Buying Activision Blizzard Stock in December?
Activision Blizzard (NASDAQ:ATVI) is one of the most important developers and publishers of interactive entertainment. After being a darling among investors from 2014 to the last quarter of 2018, over the past 12 months, ATVI stock is up only about 8%.Source: madamF / Shutterstock.com On Nov. 7, Activision Blizzard stock announced Q3 financial results. Now that the earnings season is behind us, many investors are wondering if ATVI stock can end the year on a much higher price. * 7 Retail ETFs That Can't Wait for the Holidays In the coming weeks, I do not expect Activision Blizzard shares to make a strong move up. Let's take a deeper dive to see why it may take at least another quarterly result to push ATVI stock higher.InvestorPlace - Stock Market News, Stock Advice & Trading Tips ATVI Stock's Q3 Results Got Mixed ReceptionActivision Blizzard holds the keys to some of the biggest video game franchises. It is also one of the largest gaming companies globally in terms of revenue and market cap. The company operates through three main segments: * Activision Publishing, which produces franchises such as Call of Duty and focuses on console gaming; * Blizzard Entertainment, which produces franchises such as World of Warcraft and Overwatch and focuses on online PC games with an emphasis on subscription-based business models; and * King Digital Entertainment, which produces mobile games.When the group released financial results, it beat analyst expectations on both revenue and earnings. Yet the metrics were lower than those reported in Q3 last year.Net revenue came at $1.28 billion, compared to $1.51 billion for the third quarter of 2018. Earnings per diluted share were 38 cents, as compared with 42 cents for Q3 2018.However, Activision Blizzard's monthly active users (MAUs), one of the primary metrics used to analyze gaming companies, continued to slide. Management aims to achieve a high number of unique users who participate in ATVI's ecosystem at least once a month. For Q3, the number came at 345 million active users. Wall Street was not impressed.In general, Activision Blizzard stock price is highly sensitive to quarterly earnings and revenue performance. Since Nov. 7, it is down about 5%. Activision Blizzard Stock Faces Increased CompetitionThe poor performance of ATVI's MAU numbers is in fact an indication of the competitive forces in the industry. Globally, video gaming is expected to grow at 4.8% compounded annual growth rate (CAGR) to reach $90 billion by 2020.As a growth industry, gaming inevitably attracts competition that may also challenge the business models of companies like Activision Blizzard. 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.In recent quarters, earnings of ATVI stock, as well as those of major industry players like Electronic Arts (NASDAQ:EA) and Take-Two Interactive (NASDAQ:TTWO), have suffered because of Fortnite's success. In October, ATVI shares were downgraded as Bernstein analyst Todd Juenger cut the price target for the stock from $43 to $41.Inevitably, the whole industry suffered on the day of the downgrade. Therefore, investors should appreciate that another similar downgrade of ATVI stock or any of its peers could happen again in the weeks to come.This is an industry where developers like Activision Blizzard live and die by the continued popularity of their titles and franchises. The company has to constantly renovate and update its offerings. Long-term investors may want to wait for Q4 results, expected in early February 2020, before committing any capital into ATVI stock.Unless the numbers and the 2020 guidance are exceptional at the time, 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 16%. On the other hand, the stock price of Electronic Arts (NASDAQ:EA) is up 25% in 2019.ATVI stock's 52-week price range has been $57.52 (Sept. 12, 2019)-$39.85 (Feb. 11, 2019). Activision shares have spent most of September, October, and November in a tight range between $57.5 and $52.5. Currently, the shares are hovering around $53.Before long, I expect ATVI stock to break out of this current range, possibly to the downside, toward its 200-day moving average, a long-term trend-following technical indicator, which currently is at $48.47.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 two-month time horizon. In that case, you may, for example, buy 100 shares of ATVI at a limit price of $53.73 (the closing price on Nov. 26) and, at the same time, sell a ATVI Jan 17 $52.5 call option, which currently trades at $3.The $52.5 option is slightly in-the-money, offering downside protection in case of volatility and a decline in Activision Blizzard stock. It would also enable you to participate in a potential up move in ATVI share price. This call option would stop trading on Jan. 17, 2019, and expire on Jan. 18. The Bottom Line on Activision Blizzard StockATVI stock price is in general affected by holiday season shopping numbers. A recent investment thesis by Andrew Ravan at Johns Hopkins University concludes that "Q4 is historically ATVI's strongest quarter - the holiday season brings in huge sales, as video games are bought on a large scale."Therefore, in the coming weeks, any trading update from either Activision Blizzard or any of its competitors would likely affect the price of ATVI stock.With 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.However, due to tough competition in the industry, Activision Blizzard is no longer a high growth stock. Therefore, long-term investors may want to re-visit their growth expectations. And they may regard any pull toward $50 or even $45 level as a good entry point.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 * 7 Strong Buy Stocks That Are Bargains Right Now * 7 Excellent Bank Stocks Worth an Investment * 4 Small-Cap, Big-Dividend Stocks The post Should Investors Consider Buying Activision Blizzard Stock in December? appeared first on InvestorPlace.
- Zacks
Electronic Arts Inks Formula 1 License Deal for Real Racing 3
Electronic Arts (EA) and Firemonkeys Studio's licensing partnership with Formula 1 likely to enhance EA's gaming portfolio with the upcoming content updates on Real Racing 3.
- TEST Business Wire Releases
2K Announces $500,000 Donation to The Leukemia & Lymphoma Society®
2K today announced that the Company will donate $500,000 to The Leukemia & Lymphoma Society® (LLS) as the culmination of a partnership and fan activation surrounding the launch of WWE® 2K20 earlier this fall. The donation will support breakthrough blood cancer research to advance lifesaving treatments and critical support for patients and their families.
- Zacks
Take-Two's Sid Meier's Civilization VI Available on Console
Take-Two (TTWO) is likely to benefit from portfolio strength with the launch of Sid Meier's Civilization VI despite intensifying competition.
- Business Wire
Sid Meier’s Civilization® VI Now Available on Xbox One and PlayStation®4
2K today announced that Sid Meier’s Civilization® VI is now available worldwide for the Xbox One family of devices including the Xbox One X, as well as the PlayStation®4 system. Winner of The Game Awards’ Best Strategy Game and DICE Awards’ Best Strategy Game in 2016, Civilization VI’s release on Xbox One and PS4™ system ushers in a new era of strategy games on consoles where players attempt to build empires to stand the test of time. In Civilization VI, you will explore a new land, research technology, conquer your enemies and go head-to-head with history’s most renowned leaders as you attempt to build the greatest civilization the world has ever known.
- Zacks
Toys & Games Industry Near-Term Prospects Appear Bright
Toys & Games Industry Near-Term Prospects Appear Bright
- Investopedia
Top Communications Stocks for December 2019
These are the communications stocks with the best value, fastest growth, and most momentum for December.
- Zacks
Electronic Arts Releases New Star Wars Jedi: Fallen Order
Electronic Arts (EA) likely to benefit from portfolio strength with the latest release of Star Wars Jedi: Fallen Order amid intensifying competition.
- MarketWatch
This stockpicking app beat the S&P 500 by 4x last quarter — for investors born in the summer of 1997
The fate of your portfolio is written in the stars. Or at least it can be, if Daniel Greenberg and the professional pranksters behind the “Bull and Moon” investing app have their way.
- TipRanks
3 ‘Strong Buy’ Stocks That Deutsche Bank Loves
When the dentist advises you to brush your teeth, what do you do? You brush your teeth. And when the car mechanic urges you to pump your tires, you’re going to listen to his advice and pump them, right?Well, investing is not much different: when you need some guidance, you heed the expert’s advice.Deutsche Bank is Germany’s largest bank, and one of the world’s largest by total assets. It staffs some of the best analysts on the Street and it currently ranks as number 7 in TipRanks Top Performing Research Firms chart.With this in mind, we decided to take a look at some of the German giant’s recent stock recommendations. Let’s jump right in.Mastercard (MA)Payment processing giant Mastercard has a huge market cap of $281 billion and has swiped its way into the public’s conscience via its ubiquitous presence in our everyday life.Even so, it is not one to rest on its laurels, and has many income streams. The company is developing its ACH (Automated Clearing House) infrastructure, winning new market share (it is in the process of adding Santander in the UK, BNP Paribas, and BMW portfolio, amongst others) and working with fintech disruptors such as Revolut, N26, and Monzo.5-star Deutsche analyst Bryan Keane thinks the multinational firm has an “operating model that delivers,” noting, “MA is dedicated to expanding its card business while also layering on incremental network growth over the mid to long-term through new opportunities such as ACH/real-time payments, B2B, cross-border account-to-account and new applications like bill pay.”The Bill Pay Exchange is set to launch in the US in 4Q19 and represents a big investment for Mastercard. The service will allow consumers to pay bills without having to remember multiple passwords, set up accounts with different billers, and log into multiple websites. Mastercard believes it can become a key player in the bill presentment and payer market.Keane added, “Overall, we believe MA can continue to grow solid low-double-digits top-line (propelling into mid-teens growth) and deliver operating leverage even while investing in future network expansion initiatives, which should drive EPS growth above the high-teens, in our view.”To this end, Keane reiterated a Buy rating on MA, with a price target of $320, which provides potential upside of 15% from its current price of $277. (To watch Keane’s track record, click here)All in all, over the last three months, MA stock has received a whopping 18 Buy ratings. As a result, the stock has a ‘Strong Buy’ analyst consensus rating. These analysts believe (on average) that the financial services giant has big upside potential of over 13% from the current share price. This would take MA from $278.34 all the way to $316.13. (See Mastercard stock analysis on TipRanks)Take-Two (TTWO)Popular video game holding company, Take-Two, might have a problem. However, its problem is one most companies would like to have: how do you follow a bonanza success with another?Its most successful game, Grand Theft Auto V, (made by Rockstar Games, one of the holding company’s publishing labels), has sold more than 115 million copies worldwide. Its sequel, Grand Theft Auto VI, is not expected until late 2020 at the earliest. With the incredible success of GTA V, it remains to be seen whether the new release can match it. Nevertheless, there’s enough action kicking off in the meantime to keep investors happy.Take Two recently posted a strong F2Q20 report. Net revenue grew 74% to $857.8 million, EPS gained 186% to reach $0.63, and the company raised its operating outlook for fiscal year 2020.Deutsche’s Clay Griffin thinks the game designer is in good shape, noting, “While investors wait, GTA V/Online remains extremely healthy (and sets the stage for an earnings step function in GTA VI), the NBA2K franchise continues to move higher, and we have a high level of confidence in the long term net bookings contribution of Red Dead Online… While it may not have the predictability of its larger peers, pound-for-pound we see TTWO's portfolio of IP and creative excellence as differentiated. We think it is in the middle stages of a major content cycle that should crescendo into a Grand Theft Auto VI launch in F'22.”Griffin rates the stock as a Buy, with the price target of $145 implying over 20% upside. (To watch Griffin’s track record, click here)All in all, there is a fair amount of positivity surrounding TTWO right now. TipRanks deems the stock as Strong Buy, which is based on 13 "buy" and 4 "hold" ratings. The average price target is $135.81, which indicates an upside of about 11% from its current price of $121.78. (See Take Two’s stock analysis on TipRanks)Dropbox (DBX)Although Dropbox might have started as a simple consumer-based storage solution, it has gone through a transformation process over the years, and now describes itself as “the world’s first smart workplace."The company recently launched Dropbox Spaces, a set of tools which includes new features developed through its machine intelligence platform, DBXi. In addition, the company added several new collaboration features across Dropbox surfaces. Alongside the new features though, the company also increased the price of its Dropbox Plus service.The company’s recently posted 3Q19 report was the first to examine the impact of the price increase on average revenue per user (ARPU) and net adds/churn. The print left a solid impression on 5-star Deutsche Bank analyst Karl Keirstead, who noted, “Dropbox delivered solid/clean results, marked by a modest top-line beat (20% c/c growth relative to 19%-20% guide) made up of ARPU growth of 4% (5%-6% ex-FX) and net adds of 400k (compared with guidance of 300k, implying no material uptick in churn).” The analyst continued, "The debate may now turn to whether the 4Q19/1Q20 guide for net adds of just 200k is evidence of delayed churn or merely conservative guidance. We continue to believe that the outlook for high-teens/20% growth and margin expansion warrants 2020 multiples higher than the current levels of 4x revs and 24x FCF."As a result, Keirstead reiterated his Buy rating on DBX stock along with a $28 price target, suggesting room for almost 50% upside. (To watch Keirstead’s track record, click here)The Street is with Keirstead on this one, as Dropbox currently has a consensus of 7 Buys and 1 Hold, making it a Strong Buy. With an average stock-price forecast of $30.71, analysts are predicting a handsome upside potential of over 60% for the stock. (See Dropbox’s stock analysis on TipRanks)
- Zacks
Portfolio Rundown: Q3 Earnings Overview
Today we run through multiple earnings report that directly effect our paper trading portfolio's. Lets see if we come out winners!
