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March 28, 2014
10:30 EDTEA, ATVI, GME, TTWOGameStop rebounds, Sterne Agee remains upbeat on shares
Shares of video game retailer GameStop (GME) are rebounding after research firm Sterne Agee said, in a note to investors earlier today, that the company's outlook remains positive. WHAT'S NEW: After GameStop yesterday morning reported weaker than expected fourth quarter results and provided lower than expected fiscal 2014 earnings per share guidance, Sterne Agee analyst Arvind Bhatia remains upbeat on the stock. Strong sales of new video game consoles bode well for GameStop's outlook, and the company's EPS could reach $4 this year, contended Bhatia. GameStop's EPS guidance was actually in-line, after adjusting for variations in share buybacks, the analyst stated. Investor sentiment towards the retailer should improve as 2014 continues, wrote Bhatia, who kept a $52 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, GameStop climbed 2.7% to $38.33. GameStop shares had declined a bit over 4% yesterday following its quarterly report. OTHERS TO WATCH: Publicly traded video game makers include Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI).
News For GME;EA;TTWO;ATVI From The Last 14 Days
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October 13, 2015
14:03 EDTTTWOLionsgate teams with Double Take for film adaption of Z-Men
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08:03 EDTEAGlu Mobile says Tim Wilson joins company as Chief Technology Officer
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October 12, 2015
09:02 EDTGMEGameStop says to close stores on Thanksgiving Day
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06:44 EDTATVI, EAWarner Bros. loses in film, wins in videogames, WSJ says
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October 5, 2015
19:16 EDTGMEGameStop management to meet with SunTrust
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09:39 EDTTTWO, EA, ATVIeSports seen as next big growth opportunity in media
Competitive video game playing in organized leagues, or eSports, is on the verge of reaching mainstream adoption and moving from an engagement tool to a monetization opportunity for video game makers, according to Baird analyst Colin Sebastian, who calls the trend the "biggest media and sports growth opportunity you've never heard of." NEXT BIG THING: eSports could have 200M active and engaged participants as early as next year and can grow from about $200M this year to $1B in revenues by 2018, Sebastian tells investors this morning in a research note. Game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO) are "natural beneficiaries," according to Sebastian, who believes that eSports has the potential to drive earnings growth and multiple expansion for the sector. eSports is still mainly a tool to help engage and keep core gamers, but Sebastian expects this to change quickly as game makers focus on incremental revenue opportunities and increasing average revenue per user. The analyst also sees "significant opportunities" from eSports for online streaming platforms, like Amazon's (AMZN) Twitch and Google's (GOOG) newer platform, as well as for Microsoft (MSFT), Sony (SNE) and PC and component makers. ANOTHER eSPORTS BULL: Jefferies analyst Mark Lipacis previously told investors that he believes the surging popularity of competitive video gaming on a global basis will benefit game publishers as well as hardware companies like NVIDIA (NVDA). In a note to investors last month, the analyst said that Activision Blizzard had five of the top fifteen most popular games on Twitch in July, and contended that the company looks best positioned among game makers to benefit from the eSports opportunity. On the date of his eSports note, Lipacis upgraded NVIDIA to Buy from Hold, saying secular growth in gaming will trump PC weakness. The company's Gaming Graphics Processing Unit is "under the radar" and has grown 23% annually over the past three years, noted Lipacis, who raised his price target for shares to $30 from $23. PRICE ACTION: In early trading, Activision Blizzard rose 1.4% to $31.90, Electronic Arts gained 1.04% to $67.18 and Take-Two Interactive advanced 0.85% to $29.64.
08:00 EDTTTWO, ATVI, EAeSports should drive higher valuations for game makers, says Baird
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06:01 EDTEAElectronic Arts should be bought on any game launch selloff, says Piper Jaffray
Piper Jaffray analyst Michael Olson recommends buying shares of Electronic Arts on any "sell the news" around the November 17 Star Wars Battlefront launch. His analysis shows a "brief, and minor," pullback in shares of major game publishers following the launch of big titles. This selloff historically creates a buying opportunity, however, with publisher shares up an average of 40% in the 12 months following launch, Olson tells investors in a research note. He reiterates an Overweight rating on Electronic Arts with an $86 price target.
September 29, 2015
09:30 EDTGMEGameStop says plans to hire over 28,000 seasonal associates nationwide
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