|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||79.89 - 83.15|
|52 Week Range||50.25 - 87.73|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||34.23|
|Earnings Date||Nov 05, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||0.41 (0.50%)|
|Ex-Dividend Date||Apr 14, 2020|
|1y Target Est||95.13|
In other words, instead of buying companies at a discount that are struggling, one should invest in businesses that can post strong revenue growth no matter what. Activision Blizzard also blasted through its guidance for Q2 2020, bringing in $1.9 billion in revenue and $0.81 in earnings per share (EPS), compared with $1.4 billion in revenue and $0.53 in EPS for Q2 2019. The increase in sales was primarily the result of growing user count in the company's Call of Duty, World of Warcraft, and Candy Crush franchises.
Wall Street analysts have so far blessed Microsoft’s acquisition of ZeniMax Media, a closely held videogame maker with a catalog of well-loved titles that will boost Microsoft’s subscription offering. As Barron’s wrote positively about the deal on Monday, the ZeniMax acquisition is an important one for Microsoft and the videogame sector. It demonstrates that CEO Satya Nadella is thinking about the company’s videogame franchise similar to its other subscription businesses, adding dozens of titles like Doom, Fallout, and Wolfenstein to Microsoft’s arsenal.
Activision Blizzard saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before. Activision Blizzard is currently forming a flat base, with an 87.83 buy point. The stock has an 87 EPS Rating, meaning its recent quarterly and annual earnings growth tops 87% of all stocks.