New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2014
09:31 EDTTTWO, ATVI, NTDOY, EAU.S. software sales dropped 40% in January, says Wedbush
Wedbush notes that according to NPD, January U.S. console/handheld software sales were $224M, down 40% compared to last year, and below the firm's estimate of $300M. Wedbush said all the publishers it covers performed below expectations, including Activision Blizzard (ATVI), Electronic Arts (EA), Nintendo (NTDOY) and Take-Two (TTWO).
News For ATVI;EA;NTDOY;TTWO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 31, 2015
07:25 EDTEAElectronic Arts upside will continue but bar set higher, says Brean Capital
Brean Capital noted Electronic Arts delivered upside to Q1 results and believes the company will continue to do so, but notes expectations have risen as management increased its full year guidance. The firm recommends waiting for a pullback in the stock or underlying market before getting more aggressive on the stock. Brean Capital reiterated its Buy rating and $78 price target on Electronic Arts shares.
July 30, 2015
19:35 EDTEAOn The Fly: After Hours Movers
UP AFTER EARNINGS: YRC Worldwide (YRCW), up 17.7%... SkyWest (SKYW), up 11.5%... Zeltiq Aesthetics (ZLTQ), up 9%... Columbia Sportswear (COLM), up 11%... Expedia (EXPE), up 7.9%... Ellie Mae (ELLI), up 7%... Comfort Systems (FIX), up 6.2%... DigitalGlobe (DGI), up 5%... Fiesta Restaurant Group (FRGI), up 8%... Amgen (AMGN), up 1.9%. ALSO HIGHER: Juno Therapeutics (JUNO), up 1.7% after getting FDA clearance for IND application for JCAR015... Priceline (PCLN), up 1.5% following Expedia's quarterly results... Coca-Cola Enterprises (CCE), up 9.6% after the Wall Street Journal reported that the company is in advanced talks with Coca-Cola bottlers... Endurance Specialty (ENH), up 2.6% after being added to the S&P MidCap 400. DOWN AFTER EARNINGS: Oculus (OCLS), down 17%... Computer Programs (CPSI), down 11.9%... Outerwall (OUTR), down 9.2%... FireEye (FEYE), down 5.2% after reporting quarterly results and that CFO Michael Sheridan intends to leave the company... Hanesbrands (HBI), down 8.5%... Solazyme (SZYM), down 8.8%... Boston Beer (SAM), down 5.2%... Ocwen Financial (OCN), down 10.7%... LinkedIn (LNKD), down 4.5%... Electronic Arts (EA), down 3.2%.
16:16 EDTEAEA down 1.7% after reporting Q1 results, guiding below analyst estimates
Subscribe for More Information
16:06 EDTEAElectronic Arts up 1% after reporting Q1 results, guidance
Subscribe for More Information
16:05 EDTEAElectronic Arts sees FY16 EPS about $2.85, consensus $2.87
Subscribe for More Information
16:03 EDTEAElectronic Arts sees Q2 non-GAAP revenue $1.08B, consensus $1.12B
16:02 EDTEAElectronic Arts sees Q2 EPS about 40c, consensus 67c
Sees Q2 revenue approximately $815M, consensus $1.12B.
16:02 EDTEAElectronic Arts reports Q1 EPS 15c, consensus 3c
Subscribe for More Information
15:04 EDTEANotable companies reporting after market close
Subscribe for More Information
15:04 EDTEAElectronic Arts July weekly 72 straddle priced for 6.2% movement into Q2
Subscribe for More Information
14:38 EDTEAElectronic Arts technical comments before earnings
Subscribe for More Information
08:00 EDTEAElectronic Arts July weekly volatility increases into Q2 and outlook
Subscribe for More Information
July 29, 2015
05:57 EDTNTDOYNintendo backs FY15 3DS Wii U hardware and software targets
05:56 EDTNTDOYNintendo sold 1.62M units of 'Splatoon'
Subscribe for More Information
05:55 EDTNTDOYNintendo reports Q1 operating profit Y1.15B vs. (Y9.47B) last year
Reports Q1 net income Y8.28B vs. (Y9.92B) last year. Reports Q1 sales Y 90.22B vs. Y74.70B last year.
July 26, 2015
17:16 EDTNTDOYChina to repeal restrictions on videogame consoles, WSJ says
China will end its restrictions on manufacturing and selling videogame consoles within the country, the Wall Street Journal reported Saturday, citing statements from China's Ministry of Culture. The report notes that foreign console makers such as Microsoft (MSFT), Sony (SNE), and Nintendo (NTDOY) were previously limited to operations in just the Shanghai Free Trade Zone, but will now have access to the entire country. A Sony spokesperson remarked, "This is great news for us." Reference Link
July 21, 2015
17:47 EDTNTDOYNintendo won patent case for eight hand-held systems
Subscribe for More Information
05:12 EDTEAEA SPORTS partners with Real Madrid C.F. as official videogame partner
Subscribe for More Information
July 20, 2015
10:43 EDTATVI, EAZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
05:44 EDTEA, ATVIZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use