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May 14, 2013
13:21 EDTTHQI, GME, EA, GLUU, ATVI, TTWO, COOL, ZNGATake-Two rises after results beat expectations
Video game maker Take-Two (TTWO) is climbing after the company reported stronger than expected fourth quarter results and issued upbeat long-term guidance. WHAT'S NEW: Take-Two's fourth quarter earnings came in at 38c, versus analysts' consensus estimate of 23c. The company's fourth quarter revenue was also higher than expected. Take-Two's strong results were driven by "robust demand for our groundbreaking new releases, iconic catalog titles and expanding portfolio of digitally delivered offerings," said Take-Two CEO Strauss Zelnick. Zelnick added that he expected the company to become profitable in fiscal year 2015 and "for the foreseeable future." Take-Two's future games will enable it to bring its bottom line into positive territory, Zelnick explained. On a negative note, the company provided guidance for a higher than expected first quarter EPS loss, as well as lower than expected revenue. ANALYST REACTION: In a note to investors earlier today, Sterne Agee analyst Arvind Bhatia raised his price target on the stock to $21 from $17. The stock should continue to rise ahead of the company's release of the next version of its popular Grand Theft Auto game on September 17, the analyst believes. Moreover, investors' confidence should be increased by the company's long-term guidance, contended Bhatia. who kept a Buy rating on the shares. Conversely, Robert W. Baird analyst Colin Sebastian called Take-Two Interactive "an interesting idea" but warned that his outlook on the video game sector remains cautious. Sebastian kept a Neutral rating on the stock, although he did increase his price target to $17 from $13. PRICE ACTION: In mid-afternoon trading, Take-Two rose 55c, or 3.33%, to $16.95. Other video game makers also advanced, with Electronic Arts (EA) rising 2% to $22.17 and Activision Blizzard (ATVI) climbing 2.4% to $15.
News For TTWO;EA;ZNGA;ATVI;GME;COOL;GLUU;THQI From The Last 14 Days
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November 17, 2014
07:08 EDTGMEGameStop November volatility elevated into Q3 and outlook
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06:05 EDTGMEStocks with implied volatility above IV index mean; GME LULU
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November 14, 2014
11:28 EDTGMEStocks with call strike movement; RIG GME
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09:05 EDTTTWO, ATVI, EA, GMENPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
05:52 EDTGME, EA, TTWO, ATVIOctober NPD video game software sales fell 27%, says Piper Jaffray
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November 13, 2014
10:27 EDTTTWOHigh option volume stocks
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09:40 EDTZNGAActive equity options trading
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07:24 EDTGMEGameStop November volatility elevated into Q3 and outlook
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07:15 EDTGMEGameStop board authorizes $500M share repurchase program
GameStop said in a filing yesterday that on November 11, its Board of Directors approved a cash dividend to its stockholders. The quarterly dividend of 33c per share of Class A Common Stock will be paid on December 16, 2014 to stockholders of record on the close of business on November 25, 2014. Additionally, GameStop Corp. announced that its Board of Directors has authorized $500M of funds to be used in the company’s share repurchase plan. This new authorization replaces the $500M stock repurchase plan announced in November 2013, which had approximately $176.4M remaining at the time of the new authorization.
06:04 EDTGMEStocks with implied volatility above IV index mean; GME LULU
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November 12, 2014
14:42 EDTATVIActivision Blizzard management to meet with MKM Partners
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05:57 EDTGMEStocks with implied volatility above IV index mean; GME LOCO
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November 11, 2014
13:55 EDTZNGAYuoTube hires Zynga executive to lead consumer products group, Re/code says
Google's (GOOG) YouTube has hired Manuel Bronstein, a Zynga (ZNGA) executive, to lead its consumer products group, says Re/code. According to the Re/code report, YouTube has had a series of notable managers depart in the last year. Reference Link
10:00 EDTZNGAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
09:17 EDTZNGAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FMSA Holdings (FMSA), up 4.7% following third quarter results. ALSO HIGHER: AVEO Pharmaceuticals (AVEO), up 7.6% after entering agreement with Ophthotech (OPHT) to license tivozanib... Ophthotech is 2.1% higher in pre-market trading... Galena Biopharma (GALE), up 3.6% after first patient dosed in NeuVax and Herceptin combination Phase 2 trial... Yamana Gold (AUY), up 3% after being upgraded to Overweight from Neutral at HSBC... Ambac Financial (AMBC), up 3.1% after being upgraded to Neutral from Sell at MKM Partners... China Finance (JRJC), up 12.4% after announcing a new partnership with Great Wall Securities... Zynga (ZNGA), up 5.7% after being upgraded on mobile business growth at Jefferies... Fiat Chrysler (FCAU), up 2.2% after being initiated with a Conviction Buy at Goldman. DOWN AFTER EARNINGS: Applied Optoelectronics (AAOI), down 10.7%... Ekso Bionics (EKSO), down 2.2%. ALSO LOWER: Alibaba Group (BABA), down 1.6% following comments made by vice chairman Joseph Tsai in an interview.
07:36 EDTZNGAZynga upgraded on mobile business growth at Jefferies
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05:56 EDTGMEStocks with implied volatility above IV index mean; GME ACHN
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05:49 EDTZNGAZynga upgraded to Buy from Hold at Jefferies
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November 10, 2014
15:57 EDTATVIWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
07:05 EDTGMEGameStop November volatility elevated into Q3 and outlook
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