|Bid||4.08 x 36900|
|Ask||4.21 x 41800|
|Day's Range||4.11 - 4.22|
|52 Week Range||3.20 - 4.34|
|PE Ratio (TTM)||139.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 (NASDAQ:ZNGA) hasn’t done much so far in 2018, about flat for the first four and a half months of the year. ZNGA stock is up 56 cents per share from $3.40 at the start of the month. While a 16.5% rally is nothing to scoff at, much more upside could be in the cards if ZNGA can breakout over the $4 mark.
Electronic Arts (EA) reported record revenue of $5.2 billion in fiscal 2018, with costs of revenue of $1.3 billion and operating income of $1.4 billion. Driven by its record revenue, EA also reported record operating cash flow of $1.7 billion.
As we’ve discussed, Electronic Arts (EA) has called fiscal 2018 its strongest year ever with regards to mobile gaming. Although EA’s mobile gaming revenue rose only 1% YoY (year-over-year) to $176 million in fiscal 4Q18, it rose 5% YoY to $659 million in fiscal 2018. Electronic Arts has introduced several engaging games to penetrate this market and compete with Zynga (ZNGA) and Activision Blizzard (ATVI).
Peer gaming stocks Electronic Arts (EA), Activision Blizzard (ATVI), and Zynga (ZNGA) have generated returns of 30%, 31%, and 32%, respectively, in the last 12 months. According to analysts at Wedbush, Take-Two Interactive has two big gaming releases scheduled during the next two years: Red Dead Redemption 2 and an unnamed first-person shooter game. Wedbush expects the shooter game to be Borderland 3.
Broken internet companies would seem to have a leg up on other kinds of struggling firms. Being nimble and responsive to change is what internet companies do. It turns out it’s incredibly tough to nurse an internet company back to health.
Do you think penny stocks are best left to amateur traders who don’t understand that cheap stocks are cheap for a reason? It’s a misnomer, however, to think all penny stocks — let’s quantify them as equities priced at less than $5 per share — aren’t worth owning. Thanks to factors ranging from prolonged weakness in the commodities market to strategic stock splits to poorly-timed IPOs, a handful of these low-priced equities are actually compelling prospects.
Last week, Zynga Inc (NASDAQ:ZNGA) stock gained 3% on Tuesday then lost 2% on Wednesday as investors were apparently unsure what to make of the company’s first-quarter earnings report and the news that founder Mark Pincus has given up super control of his company. As CEO Frank Gibeau explained in the earliest minutes of the earnings call, Mark’s high voting shares have been converted into common stock. More tangibly, Pincus’s voting rights have shrunk from 70% to 10%.
Electronic Arts Networks (EA) has returned 28% in the last 12 months, 1% in the last month, and 0.5% in the last five days. Electronic Arts stock rose 15% in 2016 and 33% in 2017. Since the start of 2018, it’s risen almost 14.5%. Peers Take-Two Interactive (TTWO), Zynga (ZNGA), Activision Blizzard (ATVI), and Sony (SNE) have returned 64%, 26%, 26%, and 36%, respectively, in the last 12 months.
Previously, we learned that analysts expect Electronic Arts’ (EA) revenue to rise ~13% YoY (year-over-year) in fiscal 4Q18. The company’s EPS (earnings per share) are expected to rise ~37% in the quarter.
The earnings report started optimistically enough, with Elon Musk forecasting an end to Tesla Inc.’s cash-burning days after blazing through another $1 billion last quarter. Anyway if Tesla does blow up you can’t say there weren’t any hints.
At a time when many technology companies are keeping a tight hold on their company operations through their share structures, Zynga Inc.’s ( ZNGA) founder is taking the opposite tack. The online game maker’s former CEO and founder Mark Pincus has converted all of his “super-voting” Class C shares (70 votes per share) and Class B shares (seven votes per share) into common Class A shares with one vote per share. Essentially, Pincus gave up his voting control by paring down his voting power from 70% to 10% and creates a single-class share structure for the San Francisco-based company.
Opinion: Mark Pincus’s move could be seen as an example for time limits to founder controlMark Pincus, founder of Zynga, is seen in 2017. Zynga Inc. founder and former chief executive Mark Pincus is a poster boy of why many investors are opposed to founder control.
The entertainment company reported revenues and monthly active users that fell in line with estimates, but its guidance for the upcoming quarter was weak and it is still losing money. Square SQ stock sank more than 6 percent post-market. Tesla TSLA shares rose as much as 2 percent in extended trading after posting better than expected earnings, but the company's stock later gave up its gains.
On a per-share basis, the San Francisco-based company said it had net income of 1 cent. Earnings, adjusted for stock option expense, were 2 cents per share. The results met Wall Street expectations. The ...
Inc. is moving to a single-class stock structure, diminishing the control of its founder as other technology companies maintain systems that give insiders extra voting power. would convert his extra voting shares into Class A shares, reducing his voting control to about 10% from 70% previously. Mr. Pincus is also moving to become nonexecutive chairman from his executive chairman role, Zynga said.
Game developer Zynga Inc beat Wall Street estimates for first-quarter bookings as more users committed themselves to spending money on its mobile games such as "Words With Friends 2" and "Zynga Poker". First-quarter bookings for the Farmville maker rose 6 percent to $219.5 million, well above the $213.1 million estimated by data and analytics firm FactSet. Zynga, which makes money by selling virtual goods to gamers, is now valued at $3 billion, a far cry from its peak valuation of over $10 billion a few years ago.
In a rare move, Zynga Inc. co-founder Mark Pincus is eliminating the super-voting privileges on his stock, reducing his control and potentially making the company more vulnerable to a takeover. Pincus is taking his overall voting rights at the San Francisco-based maker of social games down to about 10 percent from about 70 percent, the company said in a statement Wednesday. As part of the move, the company is shifting to a single-class share structure from a multi-class one, giving all shareholders equal voting rights.
Zynga announced a new share-class structure that would voluntarily reduce the voting power of co-founder Mark Pincus. Pincus — who is moving to executive chairman — is not selling any stock. Zynga ZNGA announced a new share structure on Wednesday that voluntarily reduces the voting power of chairman and co-founder Mark Pincus.
Activision Blizzard (ATVI) has returned 26.0% in the last 12 months, -0.5% in the last month, and -1.0% in the last five days. Activision Blizzard stock fell 6.0% in 2016 and rose 76.0% in 2017. Since the start of 2018, ATVI stock has risen ~4.0%.
Zynga's (ZNGA) first-quarter 2018 results are likely to hurt from increasing operating expenses primarily due to higher marketing spending.