Activision Blizzard fundamental positioning remains strong, says Cowen Cowen believes the fundamental positioning of Activision Blizzard remains strong given rising game subscriptions, no evidence of any slippage, and several growth catalysts coming in new game titles over the next few years. 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).