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Power Up: Analysts React To Activision Blizzard's Acquisition Of Candy Crush-Maker King Digital
Tuesday, November 3, 2015 - 12:28pm | 1057Read More...Activision Blizzard, Inc. (NASDAQ: ATVI) announced on Monday its wholly owned subsidiary, ABS Partners, will acquire King Digital Entertainment plc (NYSE: KING) for $18 per share. The deal represents an approximate 20 percent premium to King's closing price on Friday. Wall Street...
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King Digital Tests The Next Iteration Of 'Candy Crush' Earlier Than Expected
Thursday, September 3, 2015 - 9:09am | 306Read More...King Digital Entertainment PLC (NYSE: KING) shares are down 15 percent in the past month, even after hitting a peak of $16.10 on August 11. Pacific Crest’s Evan Wilson maintained a Sector Weight rating on the company. Although "Candy Crush Jelly Saga" could be launched...
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King Digital Earnings Preview: Can It Beat Estimates Again?
Thursday, May 14, 2015 - 2:34pm | 350Read More...Shares of King Digital Entertainment PLC (NYSE: KING) were down 3 percent on Thursday, as the company readies to announce its first quarter financial results after the market closes. According to Estimize, Wall Street research firms are modeling earnings of $0.54 per share on revenue of $592.45...
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JP Morgan Upgrades King Digital As It 'Continues To Grow'
Monday, March 16, 2015 - 1:07pm | 248Read More...JP Morgan upgraded King Digital Entertainment PLC (NYSE: KING) Monday from Neutral to Overweight and maintained a $20 price target. Analysts led by Doug Anmuth made the upgrade due to a compelling risk-to-reward profile. "As King continues to grow its network, it is gaining significant...
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Wedbush Previews King Digital: Expect A Beat, Guidance Appears Conservative
Monday, November 3, 2014 - 9:50am | 276Read More...King Digital Entertainment PLC (NYSE: KING) will report its third-quarter results after market close on Thursday. Analyst consensus is calling for the company to earn $0.47 per share on adjusted revenue of $495 million. King Digital previously guided its bookings revenue to be $500 million to $...
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King Digital Shares Open Higher, But Now Falling Amid 'Candy Crush' Announcement
Monday, October 20, 2014 - 11:17am | 97Read More...King Digital Entertainment PLC (NYSE: KING) shares may offer upside in Monday’s session as the company announced its "Candy Crush Soda Saga" has launched worldwide on Facebook. "Candy Crush Soda Saga" is the next iteration in the "Candy Crush" franchise....
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Candy Crushed: Barclays Downgrades King Digital
Wednesday, August 13, 2014 - 12:46pm | 429Read More...King Digital (NYSE: KING) reported second quarter results, which included an earnings miss and poor guidance. The maker of the popular Candy Crush app earned $0.59 per share, falling short of the $0.60 analysts were expecting. While revenue rose 30.3 percent year over year to $593.56 million,...
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UPDATE: Piper Jaffray Upgrades King Digital, Anticipates Strong Q2 Performance
Monday, July 7, 2014 - 10:47am | 120Read More...In a report released Monday, Piper Jaffray analyst Michael Olson upgraded King Digital Entertainment (NYSE: KING) to Overweight, while increasing its price target from $19 to $28 per share. Olson believes King's second quarter results holds the potential to exceed the firms expectations,...
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Analysts Almost Unanimously Bullish On Candy Crush Maker
Tuesday, May 6, 2014 - 5:03pm | 1509Read More...King Digital Entertainment (NASDAQ: KING) on February 18 filed for a $500 million IPO on the New York Stock Exchange. King is best known for its extremely addicting Candy Crush app. King saw its net profit surge to $567.6 million in 2013 from $7.9 million in 2012. The company derived most of...
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Market Wrap For May 5: Dow Erases Triple-Digit Loss, All Three Major Indices Positive
Monday, May 5, 2014 - 4:36pm | 2443Read More...U.S. stocks rose as investors found that the positives in the U.S. services sector outweighed concerns over an escalating conflict in Ukraine. The Institute for Supply Management said that its service-sector index rose to 55.2. Any reading above 50.0 indicates an expansion. Also, the index...
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Market Wrap For April 16: Markets Hold On To Gains On Positive Yellen Comments And Economic Data
Wednesday, April 16, 2014 - 4:50pm | 2676Read More...U.S. stocks held on to strong gains as U.S. industrial production rose more than projected. The Fed confirmed it will maintain a "friendly" policy that will support the economic recovery. According to Fed Chief Janet Yellen there are three main concerns the central bank is facing. Specifically...
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King Digital CEO Confident In Future Following Rough IPO
Thursday, March 27, 2014 - 3:43pm | 536Read More...King Digital Entertainment (NYSE: KING) CEO Riccardo Zacconi isn't crushed about anything. Maybe it's because he's sweet on mobile and social media. “We developed a model which is pretty unique in industry to launch — to find, first of all, to create games which are successful," Zacconi said on...
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Candy Crush Maker Raises IPO Valued At $7 Billion
Wednesday, March 26, 2014 - 9:56am | 528Read More...King Digital Entertainment (NYSE: KING) will enter the public market Wednesday on the New York Stock Exchange, sporting a valuation of more than $7 billion. The maker of Candy Crush Saga, the hottest social game since Farmville, sold 22.2 million shares at $22.50 each. The company raised $500...
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Market Wrap For March 25: Markets Snap Two-Day Losing Steak On Confidence Data
Tuesday, March 25, 2014 - 4:24pm | 1840Read More...U.S. stocks rebounded from a two-day losing streak as investors found plenty of positives in consumer confidence data which hit a six-year high in March. According to the Fed's Philadelphia chief Charles Plosser the Fed sees its bond purchasing program ending in October or November with rate...
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IPO Investor Look Ahead For The Week Of March 24, 2014
Tuesday, March 25, 2014 - 3:54pm | 548Read More...Since January 1, 56 fresh IPOs have raised over $9.2 billion in gross proceeds and the current IPO market is just heating up. The madness continues this week, with 11 companies slated to begin trading shares publicly. Expected to open for trading this week are: CBS Outdoor Americas, Inc (...
