|Bid||111.90 x 800|
|Ask||114.50 x 1100|
|Day's Range||111.98 - 113.91|
|52 Week Range||84.41 - 139.91|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||39.25|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||121.39|
was rising Monday after analysts at Stephens named the stock a "best idea" in anticipation that one of the company's newest titles will serve as a catalyst for the stock. With Apex Legends Season 2 beginning on July 2nd, the data shows that Fortnite's popularity has hit a lull and Season 2 is launching at the right time to capture momentum," Stephens note said.
Summer is here (June 21 is the first day of summer solstice). You might be tempted to ditch the stock market and take the next three months off. But you if you do, you'll miss some sizzling summer-stock action.
Sales of traditional console-based video games were down 17% in May from a year ago, as gamers continue to shift to free-to-play games, mobile offerings and a couple of traditional games had lackluster debuts. Wedbush's Michael Pachter continues to have Outperform ratings on several game companies, but he noted the industry is changing. The retail sales figure missed his estimate of $150 million.
Take Two Interactive scored positive press and analyst coverage for its showing at the E3 video game show last week. One analyst on Monday raised his price target on Take Two Interactive stock.
Today we'll evaluate Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to determine whether it could have potential as...
Electronic Entertainment Expo (E3) 2019 witnessed major announcements from Microsoft (MSFT), Nintendo, EA and other gaming companies.
Morgan Stanley came away from the Electronics Entertainment Expo video game trade show in Los Angeles with a better understanding of the details of some of the key releases coming up this year and what ...
E3, the annual Electronic Entertainment Expo, is underway in Los Angeles. It's a trade event for the video gaming industry that sees leading gaming companies make important announcements—including new games. Here's how the expo has been affecting the market so far—and what you can expect.
Take-Two (TTWO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Investors looking for stocks that can thrive amid the market's wild swings - and a possible recession ahead - might look at video game stocks such as Electronic Arts Inc. (EA), Activision Blizzard Inc. (ATVI) and Take-Two Interactive Software Inc. (TTWO). “We anticipate valuation multiples for video game companies to move higher owing to the relative safety of the interactive entertainment industry,” wrote BMO Capital Markets analyst Gerrick Johnson, according to a detailed story in Barron’s. BMO says that the value of traditional video game franchises has been overlooked amid the unprecedented success of Fortnite's free-to-play game model.
Take Two's (TTWO) robust slate of releases that includes Borderlands 3, Ancestors: The Humankind Odyssey and The Outer Worlds are expected to drive net bookings in fiscal 2020.
The game maker is investing in its future, and core games are performing well. That was all investors needed to hear to send the share price higher last month.
Electronic Arts (EA) is benefiting from an expanding portfolio, driven by partnerships with independent game studios like Velan, Zoink Games, Glowmade and Hazelight.
Private Division and Obsidian Entertainment today announced The Outer Worlds is now available for preorder and will launch on October 25, 2019 across the Xbox One family of devices, including Xbox One X, on the PlayStation®4 system, and on Windows PC*. From the renowned RPG developer, Obsidian Entertainment, comes The Outer Worlds, a dark and witty player-driven story set in a colony at the farthest reaches of the galaxy. As the cold, firm grasp of corporate bureaucracy starts to unravel due to one unknown visitor – you – the character that you decide to become - will determine how the story unfolds.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 a share and holds a Zacks Rank 1 (Strong Buy) or 2 (Buy) at the moment.
BENGALURU/SAN FRANCISCO, June 6 (Reuters) - Alphabet Inc's Google on Thursday opened pre-orders for its game streaming service, which it said will launch in November with more than 30 games from at least 21 publishers including Electronic Arts and Take-Two Interactive. Google said its Stadia Founder's Edition package, priced at $129.99, will enable consumers to play video games such as Destiny 2 from the launch day on nearly any device without any downloads, making access to games potentially as easy as watching a YouTube video. Google faces competition from several gaming and tech companies planning similar streaming services, and must show game makers that streaming is financially viable despite stumbles with some of its earlier initiatives in gaming.
One might think that video gaming stocks like Electronic Arts (NASDAQ:EA) would struggle in trading Wednesday. After all, shares of GameStop (NYSE:GME), the largest video game retailer, are plunging. Yet Electronic Arts stock -- like its peers -- is unaffected. EA stock actually is up modestly in afternoon trading.Source: Electronic ArtsThe reason is simple. GameStop's troubles -- including a 13% decline in revenue in its fiscal first quarter -- aren't a reflection of video game demand. Rather, those sales declines are a reflection of a shift in where, and how, those games are sold. GameStop's weakness thus isn't a problem for Electronic Arts, or for EA stock. In fact, it might be a signal to buy. Video Gaming Stocks and GameStopIt's not just Electronic Arts stock that is up on Wednesday. Peers Take-Two Interactive Software (NASDAQ:TTWO) and Activision Blizzard (NASDAQ:ATVI) have risen 1.4% and 2.1%, respectively, as of this writing.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Biggest Announcements From Apple WWDC 2019 That's because GameStop's troubles actually might mean more market share for the developers, not less. Direct digital distribution has been a big part of the bull case for stocks like EA. The potential end of GameStop -- and that company increasingly looks like the next Blockbuster Video as Luke Lango detailed in April -- thus is good news.After all, we have a general idea of what video game sales look like, both from earnings reports from video gaming stocks as well as third-party data from sources like NPD Group. Growth hasn't been great of late, in part due to anticipation of new consoles from Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT). But GameStop's numbers don't change the facts on the ground for the industry as a whole.Instead, they suggest that physical disc sales are dropping. And that's a good thing for Electronic Arts stock. Direct sales are higher-margin, as they cut out the middleman. And with in-game revenue an increasingly large portion of total sales, here's another driver for higher margins -- and, eventually, larger profits. Is Electronic Arts Stock a Buy?And so the market's shrug in response to GameStop news makes some sense. Lower revenue is a GameStop-only problem, which is why GME stock is down 37% and its suppliers are up -- as odd as that might seem at first glance.But the question is, even if GameStop's weakness is modestly good news for EA, does that make EA stock a buy?On its own, it's not enough -- but EA stock is cheap. It's not quite as cheap as it was when I recommended it in December, but most stocks have rallied from those lows. Even with nearly 20% gains since then, EA trades at about 18x 2019 EPS estimates, backing out net cash.In the context of multiple growth drivers -- with eSports another tailwind -- that multiple seems cheap. But I'm still skeptical it's cheap enough. I wrote in February, after EA had climbed above $100 thanks to optimism regarding its Apex Legends game, that the rally had gone too far.Indeed, Apex Legends has stalled out somewhat. Growth expectations for this year remain muted. The industry on the whole continues to struggle in responding to the runaway success of Fortnite from privately owned Epic Games. EA gave back some of its Apex-related gains, and along with ATVI has bounced sideways for the last few months. (TTWO has managed to put together a rally in recent weeks.)I'm skeptical the news from GameStop really changes the case here, even with Electronic Arts stock back below $100. Digital download growth is helpful, but not that helpful, as the FY20 outlook for modest revenue growth and minimal margin expansion suggests. EA stock needs something more. The Case for EA StockThat said, I do see the long-term case that patient investors should buy EA stock here and look at other video gaming stocks as well. The sector remains near the lows. The industry is going to see continued changes over the next few years. At this point, that likely includes the disappearance of GameStop and a shift to a model that is digital-only, or close.Video game streaming offers another opportunity. Demand from developing countries (notably in Asia) should rise for years. Better games, better demographics (as Gen Xers and millennials keep playing into middle age and beyond) all suggest long-term revenue growth. * The 10 Best Stocks for 2019 -- So Far It well may be, as EA bulls argue, that investors are focusing on short-term worries (like Fortnite) and ignoring the long-term opportunity. But if years of change are ahead, GameStop wasn't going to be a part of that change anyway. Wednesday's news doesn't necessarily mean those changes are coming any faster.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post GameStop Trouble Is Good News for EA Stock and Other Gaming Stocks appeared first on InvestorPlace.
The video game sector is "quite defensive" against economic downturns as it represents one of the cheapest forms of entertainment when considering cost divided by the time consumed, Johnson wrote in a note. In addition, video games could emerge unscathed from trade wars as the sector is mostly immune from import tariffs as a digital code is not taxed at borders.
BMO Capital Markets analyst Gerrick Johnson ended his bearish call on Take-Two Interactive Software Inc. shares on Tuesday, upgrading the stock to market perform from underperform based on an economic arguments. "As investors grow more fearful of an economic downturn, we think valuation multiples of video game companies could expand, as the video game industry is quite defensive," Johnson said. "Interactive entertainment is one of the most inexpensive forms of entertainment as measured by cost divided by time consumed." He expects that if an economic downturn were to occur, consumers who lose their jobs or who are worried about losing their jobs might choose to play more videogames rather than spend money on costlier forms of education. Take-Two shares have risen 2.9% so far this year, as Electronic Arts Inc. shares have risen 16% and Activision Blizzard Inc. shares have lost 9%. The S&P 500 is up 9.5% since the start of the year.
Private Division and Squad today announced that Kerbal Space Program: Breaking Ground Expansion is now available for PC. Kerbal Space Program: Breaking Ground Expansion, the second expansion for the critically acclaimed space sim, is an engaging, feature-rich content pack. This expansion increases the objective possibilities once celestial bodies have been reached by adding more interesting scientific endeavors and expanding the toolset.
Take-Two Interactive Software, Inc.'s (NASDAQ:TTWO) latest earnings announcement in March 2019 indicated that the...