Activision Blizzard drivers remain on track, says Cowen at Cowen Cowen said channel checks indicate Activision Blizzard's "World of Warcraft" and "Call of Duty" remain on pace to support their above consensus estimates. The firm also cites additional multi-year growth drivers including its Bungie franchise and the potential for the next new console cycle. Shares are Outperform rated.
December NPD video game software sales dropped 2%, says Piper Jaffray Piper Jaffray notes December NPD video game software sales fell 2% year-over-year, with the full quarter down 6% and 2014 down 13%. Piper attributes the declines to legacy weakness and a portion of sales shifting to full-game downloads. The firm expects software growth in 2015 and maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).