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Barclays: Big Photo-Sharing Partner Could Bolster Shutterfly's Weak Consumer Growth
Thursday, July 28, 2016 - 5:22pm | 231Read More...Shares of Shutterfly, Inc. (NASDAQ: SFLY), a provider of personalized photo-based and other products and services, surged to a new 52-week high of $54.60 on Thursday after the company reported a better-than-expected second quarter print. Christopher Merwin of Barclays commented in a note that...
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Barclays: Expect Video Game Publishers To Emulate Pokémon GO's 'More Engaging Experience'
Monday, July 18, 2016 - 8:21am | 318Read More...For anyone that hasn't been living under a rock the past week, Nintendo Co., Ltd (ADR) (OTC: NTDOY)'s latest mobile game, Pokémon GO, is a smashing success. While Nintendo's stock has more than doubled since bottoming at $15.34, the outlook on traditional video game publishers is now being called...
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How Facebook, Alphabet Could Hurt YuMe
Thursday, July 7, 2016 - 11:46am | 439Read More...Amid intensifying competitive pressures, Barclays said it would be difficult for YuMe Inc (NYSE: YUME) to achieve its long-term EBITDA margin target of 20 percent plus, thereby providing little room for upside. The bearish thesis comes despite management guiding to an improvement in year-over-year...
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Barclays Upgrades Zillow As Move Trial Is Settled
Tuesday, June 7, 2016 - 9:01am | 204Read More...Barclays' Christopher Merwin upgraded Zillow Group, Inc.-Class A (NASDAQ: ZG) from Underweight to Equal Weight with a price target of $32.00 from $20.00. The rating change came after Zillow announced it settled its lawsuit with Move (News Corp (NASDAQ: NWSA)) for $130 million Monday. "$130 million...
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Activision Blizzard Bounces Back With A Strong Q1; Barclays Raises Target To $38
Friday, May 6, 2016 - 2:11pm | 383Read More...Barclays said that Activision Blizzard, Inc. (NASDAQ: ATVI) has bounced strongly with its strong first-quarter results reporting adjusted earnings $0.23 a share, which was nearly double the estimate of $0.12 a share. The brokerage said that the upside was mostly driven by "Call of Duty," "both from...
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Barclays Believes Video Games Entering New Paradigm, Fully De-Risked For The Year
Wednesday, April 20, 2016 - 9:52am | 332Read More...Electronic Arts Inc. (NASDAQ: EA) and Activision Blizzard, Inc. (NASDAQ: ATVI) will be able to sustain at least high-teens earnings multiples throughout cycles due to their diversified and less cyclical businesses, according to a note from Christopher Merwin of Barclays. "[W]hile it's hard to argue...
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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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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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Shares of Shutterfly Respond to Barclays' Downgrade
Monday, January 13, 2014 - 5:29pm | 169Read More...In a report published Monday, Barclays analyst Christopher Merwin downgrades shares of Shutterfly, Inc. (NASDAQ: SFLY) from Overweight to Equal Weight and lowered the price target from $62.00 to $50.00. The analyst commented on Shutterfly's "decelerating organic growth, limited upside from mobile...
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Barclays Upgrades HomeAway on Improved PPB, Opportunities
Monday, January 13, 2014 - 5:28pm | 288Read More...In a report published Monday, Barclays analyst Christopher Merwin upgraded shares of HomeAway, Inc. (NASDAQ: AWAY) from Equal Weight to Overweight and raised the price target from $34.00 to $48.00 due to improved Pay-Per-Booking (PPB) revenues outlook and multiple opportunities. Merwin commented...
