|Bid||4.15 x 45100|
|Ask||4.20 x 1800|
|Day's Range||4.07 - 4.21|
|52 Week Range||3.20 - 4.57|
|PE Ratio (TTM)||140.00|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.64|
In the previous part of this series, we saw that the global games market is estimated to rise 13.3% YoY (year-over-year) in 2018. We’ll now see how much revenue growth gaming companies are expecting.
In this series, we’ll look at the performance of top gaming companies in the United States and some of their key growth drivers. We’ll look at Activision Blizzard (ATVI), Zynga (ZNGA), Take-Two Interactive (TTWO), and Electronic Arts (EA). Activision Blizzard has a market cap of $58 billion. In the last 12 months, the stock generated returns of 25%, while in the last month it rose 6.4%. In 2017, ATVI rose 76%, while it has risen over 20% in 2018.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...
Glu Mobile Inc. (NASDAQ:GLUU) has seen a huge move higher. Increased revenue amid the popularity of some of its older games has bolstered the Glu Mobile stock. Now, as it approaches multi-year highs, investors must decide whether Glu can keep increasing its revenue and push the value of the stock past highs not seen since 2015.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Zynga Inc (NASDAQ:ZNGA), with a market cap of US$3.81B, are often out of the spotlight.Read More...
Small-cap stock Zynga Inc. ( ZNGA) surged to a four-year high last week after the San Francisco-based game maker missed first quarter earnings estimates by a penny and guided second quarter revenues below estimates. Zynga stock roared out of the gate following a 2011 IPO, lifting quickly to an all-time high at $15.91. Farmville's enormous popularity attracted intense buying pressure during the brief uptrend, with speculators betting that the game on the Facebook, Inc. ( FB) platform would mark the birth of an entertainment empire.
Nintendo Ltd/ADR (OTCMKTS:NTDOY) has gotten its groove back. Nintendo stock could be poised for a glorious return. The Switch has turned out to be the kind of hardware system that meets the needs of the smartphone generation.
While the social media industry has been hit with lots of terrible headlines lately — such as with privacy and data protection — the stock prices of some of the major players have held up. Facebook, Inc. (NASDAQ:FB) has gained 5%, and Twitter Inc (NYSE:TWTR) has returned a sizzling 42%. In fact, SNAP stock is down a grueling 50% from its 52-week high.
Zynga (ZNGA) expands its gaming portfolio through the acquisition of privately-held mobile game developer Gram Games for $250 million in cash.
Zynga Inc., the company behind Words with Friends, is closing in on a high score that has been carefully tracked on Wall Street. The magic number is 20 percent, and it’s management’s margin target for adjusted earnings before interest, tax, depreciation and amortization. Zynga is at 17.2 percent currently, up from 6 percent two years ago, according to calculations by Bloomberg.
Zynga Inc says that the deal to acquire Gram Games went through on May 25, 2018. According to Zynga Inc, Gram Games will benefit from the deal by gaining access to its network. Zynga Inc also updated its guidance for the second quarter of 2018 to reflect its acquisition of Gram Games.
With Istanbul-based Gram, the company behind "Words with Friends" and "Farmville" will gain access to easy-to-play and addictive titles such as "1010!" and "Merge Dragons!". "Merge Dragons!" in particular had the potential to become a long-running franchise for Zynga, its Chief Executive Officer Frank Gibeau said in a statement. The acquisition is Zynga's latest attempt to bolster its mobile gaming business — which generates revenue through ads and in-game purchases of additional features — as it shifts focus away from once-popular titles such as "Farmville".
Zynga Inc. said it paid $250 million in cash to acquire Gram Games Inc., a 77-person studio with nine mobile games.
Shares of Zynga Inc. edged up 0.5% in premarket trade Wednesday, after the mobile games company updated its financial guidance following the closure of its deal to buy Gram Games for $250 million, and a three-year earn out based on the achievement of profitability goals. Zynga said it now expects a net loss of 2 cents a share, compared with previous guidance of a breakeven quarter. Revenue guidance of $208 million is unchanged, while the adjusted bookings outlook was raised to $228 million from $218 million.
Zynga Inc has bought mobile gaming startup Gram Games for $250 million to boost its portfolio of franchise-based titles, it said on Wednesday. With Istanbul-based Gram, the company behind "Words with Friends" and "Farmville" will gain access to easy-to-play and addictive titles such as "1010!" and "Merge Dragons!". "Merge Dragons!" in particular had the potential to become a long-running franchise for Zynga, its Chief Executive Officer Frank Gibeau said in a statement.
Zynga Inc. , a leading social game developer, today announced it has acquired privately-held mobile game developer Gram Games for $250 million in cash and a three-year earn out based on the team’s achievement of profitability goals that align with Zynga’s long-term growth plans.
Zynga Inc. (ZNGA), a leading social game developer, announced today its Chief Financial Officer Ger Griffin will present at the Cowen and Company 46th Annual Technology, Media and Telecom Conference in New York on Thursday, May 31, 2018. The presentation is scheduled to begin at 12:20 p.m. Pacific Time (3:20 p.m. Eastern Time) and will be available through a live audio webcast, which will be accessible on Zynga’s Investor Relations website at http://investor.zynga.com. A replay will also be available on Zynga's Investor Relations website following the event.
Activision Blizzard (ATVI) stock has returned 25% in the last 12 months, 7.9% in the last month, and 1.8% in the last five days. ATVI stock fell 6% in 2016 and rose 76% in 2017. Since the start of 2018, ATVI stock has risen ~13%.
Activision Blizzard has attributed this revenue growth to a successful shift toward a games-as-a-service model. In the second quarter, Activision Blizzard expects revenue of $1.55 billion with a gross margin of 78% and an operating margin of 31%. It has estimated non-GAAP earnings per share of $0.46. Activision Blizzard has forecasted revenue of $7.36 billion in fiscal 2018 with a gross margin of 78% and an operating margin of 34%.
Zynga Inc. , a leading social game developer, today announced the launch of an Android Augmented Reality Mode for CSR Racing 2 , the world’s most popular mobile Racing game.
NEW YORK, May 16, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Monster ...