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Stock Market & Financial Investment News

News Breaks
February 7, 2014
10:39 EDTEA, ATVI, TTWOActivision Blizzard hits new 52-week high after game pipeline impresses
Shares of diversified gaming company Activision Blizzard (ATVI) hit a new 52-week high after posting stronger than expected fourth quarter results and announcing that its pipeline of games was the "strongest in company history." WHAT'S NEW: Last night, Activision Blizzard reported Q4 adjusted EPS of 79c and revenue of $2.27B against consensus views of 73c and $2.22B respectively. The company‘s first quarter and fiscal 2014 outlook slightly trailed expectations, however, CEO Bobby Kotick said, "As we look to 2014 and beyond, we have the strongest and most diverse pipeline of games in our history. In 2014, we expect these releases to enable us to grow non-GAAP revenues year over year and generate record non-GAAP earnings per share." ANALYST REACTON: This morning, research firm Brean Capital said Activision posted strong Q4 results in a difficult macro environment. The firm saw improving industry fundamentals, a strong release slate, and proven execution as reasons for increasing its price target to $22 from $20. It also reiterated its Buy rating on the shares. PRICE ACTION: In early morning trading, Activision Blizzard rose $2.19, or about 13% to $19.35 on very heavy volume. Earlier in the session, the stock made a new 52-week high of $19.95, and it has gained approximately 60% over the past twelve months. OTHERS TO WATCH: Activision’s competitors include Electronic Arts (EA) and Take-Two Interactive (TTWO).
News For ATVI;EA;TTWO From The Last 14 Days
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June 26, 2015
10:00 EDTTTWO, ATVI, EAOn The Fly: Analyst Initiation Summary
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June 25, 2015
16:53 EDTTTWOTake-Two initiated with a Buy at Mizuho
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16:50 EDTEAElectronic Arts initiated with a Buy at Mizuho
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16:48 EDTATVIActivision Blizzard initiated with a Buy at Mizuho
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June 24, 2015
19:53 EDTEAComcast to offer EA games over cable box, DSLReports says
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10:36 EDTTTWO, EA, ATVIElectronic Arts advances after analysts positive on E3 showing
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10:00 EDTEA, TTWOOn The Fly: Analyst Upgrade Summary
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07:13 EDTATVIActivision Blizzard well positioned for upside, says Brean Capital
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07:10 EDTTTWO, EATake-Two upgraded to Buy with $35 target at Jefferies
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07:09 EDTEAElectronic Arts price target raised to $75 from $66 at Brean Capital
Brean Capital raised its price target on Electronic Arts to $75 from $66 as they believe management's guidance may prove to be conservative. The firm also sees the company leading its peers on digital monetization on consoles and the cross-over into mobile. Brean Capital reiterated its Buy rating on Electronic Arts shares.
07:05 EDTEAElectronic Arts upgraded to Buy with $80 target at Jefferies
Jefferies upgraded Electronic Arts to Buy from Hold and raised its price target for the stock to $80. The firm views EA as well positioned amid faster than expected console sales and thinks the company's game pipeline is the best its ever been.
06:44 EDTTTWOTake-Two upgraded to Buy from Hold at Jefferies
Price target $35.
06:44 EDTEAElectronic Arts upgraded to Buy from Hold at Jefferies
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June 23, 2015
07:27 EDTEAJefferies to hold a conference
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