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May 14, 2013
13:21 EDTTTWO, EA, ZNGA, ATVI, GME, COOL, GLUU, THQITake-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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August 11, 2014
10:29 EDTGLUUGlu Mobile management to meet with Piper Jaffray
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August 8, 2014
16:00 EDTZNGAOptions Update; August 8, 2014
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10:00 EDTATVIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
09:37 EDTZNGAActive equity options trading on open
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09:15 EDTZNGAOn The Fly: Pre-market Movers
HIGHER: NVIDIA (NVDA), up 4.2%, upgraded at Needham following its better than expected Q2 results... Arista Networks (ANET), up 8%, upgraded at Citigroup following better than expected Q2 results, announcing an expanded strategic relationship with VMware (VMW)... Tekmira Pharmaceuticals (TKMR), up 17.5% after announcing that the FDA verbally confirmed they have modified the full clinical hold placed on its TKM-Ebola treatment to a partial clinical hold... Gap (GPS), up 4.7% after July same-store sales rose 2%, company issues Q2 EPS outlook above the consensus estimate... lululemon (LULU), up 2.4% after founder agrees to sell half his stake to Advent for $845M. UP AFTER EARNINGS: SolarCity (SCTY), up 1%... Assured Guaranty (AGO), up 9%... MercadoLibre (MELI), up 13.6%. LOWER: Zynga (ZNGA), down 6% after lowering fiscal 2014 guidance... McDonald's (MCD), down 0.4% after Chinese supplier issue contributes to July comparable sales drop of 2.5%.
08:47 EDTZNGA, GLUUNorthland recommends buying Glu Mobile aggressivley on weakness related to Zynga
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07:43 EDTATVIActivision Blizzard upgraded to Buy from Neutral at Longbow
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06:50 EDTATVIActivision Blizzard upgraded to Buy from Neutral at Longbow
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05:45 EDTZNGAZynga price target lowered to $3 from $4.50 at Piper Jaffray
Piper Jaffray lowered its price target for Zynga shares to $3 after delayed game launches drove the company's Q2 miss and reduced outlook. Piper says it is taking a "wait and see approach" on Zynga's entrance into two new game genres with the NFL and Tiger Woods. It keeps a Neutral rating on the stock.
August 7, 2014
18:41 EDTZNGAOn The Fly: After Hours Movers
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16:10 EDTZNGAZynga drops 13% to $2.55 after lowering 2014 outlook
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16:10 EDTZNGAZynga says continues to make 'significant investments'
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16:09 EDTZNGAZynga enters Sports category, signs agreement with Tiger Woods
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16:08 EDTZNGAZynga reports Q2 monthly active users 130M vs. 187M last year
Zynga said Q2 Monthly Unique Payers in Q2 were 1.7M, compared to 1.9M last year. Daily active users in Q2 were 29M, compared to 39M last year. Monthly active users in Q2 were 130M, compared to 187M last year.
16:05 EDTZNGAZynga lowers 2014 EPS outlook to (1c)-0c, consensus 2c
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16:04 EDTZNGAZynga sees Q3 EPS (1c)-0c, consensus 1c
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16:03 EDTZNGAZynga reports Q2 EPS 0c, consensus 0c
Reports Q2 revenue $153.2M, consensus $191.2M. Generated bookings of $175M, adjusted EBITDA of $14M.
16:00 EDTZNGAOptions Update; August 7, 2014
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15:33 EDTZNGA Notable companies reporting after market close
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10:28 EDTATVIActivision Blizzard management to meet with CRT Capital
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