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Will Pluto, Other Digital Investment Help Viacom?
Monday, May 13, 2019 - 12:51pm | 416Viacom, Inc. (NASDAQ: VIAB) shares were down on Monday after a mixed earnings report that also kept analysts lukewarm on the stock, though hopeful for a stronger second half of the year. Viacom on Friday reported second-quarter revenue of $2.96 billion, below consensus expectations $3.08 billion,...
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Street Mostly In The Game On EA After Strong Quarter, Bullish 2020 Outlook
Wednesday, May 8, 2019 - 12:25pm | 658“Apex Legends” helped Electronic Arts Inc. (NASDAQ: EA) to a strong fourth quarter that beat expectations, but it was a bullish 2020 outlook from the company that's keeping investors and sell-side analysts in the game. Strength from "Apex" and the company’s...
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Analysts Rave About Zynga's Q1; 'Game of Thrones' Game Launch Likely Coming In Q2
Thursday, May 2, 2019 - 4:52pm | 643Zynga Inc (NASDAQ: ZNGA) shares moved higher after the game developer reported first-quarter earnings Wednesday and raised 2019 sales guidance by $50 million. Baird Zynga’s first-quarter results largely confirm a successful turnaround and M&A strategy, improving organic...
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Bruised And Battered, But Not Broken: Wall Street Reacts To WWE's Earnings Miss
Friday, April 26, 2019 - 1:33pm | 592World Wrestling Entertainment, Inc (NYSE: WWE) stock traded lower by another 3.8 percent on Friday after the company reported a first-quarter earnings and revenue miss. The stock is now down 16.2 percent overall since Thursday's print. WWE reported a first-quarter EPS loss of 11 cents on...
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KeyBanc Lifts Roku Price Target Amid Ongoing Momentum
Monday, April 1, 2019 - 11:08am | 384KeyBanc Capital Markets turned incrementally bullish on Roku Inc (NASDAQ: ROKU) after first-hand checks point towards an acceleration in growth. The Analyst KeyBanc's Evan Wingren maintains an Outperform rating on Roku with a price target lifted from $63 to $76. The Thesis KeyBanc's Key...
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Analyst: WWE Network Subscriber Data Bullish Ahead Of WrestleMania
Monday, April 1, 2019 - 9:53am | 383With WrestleMania less than a week away, one Wall Street analyst likes what he sees in the World Wrestling Entertainment, Inc. (NYSE: WWE) network subscriber trends. The Analyst KeyBanc analyst Evan Wingren reiterated his Overweight rating and $104 price target for WWE. The Thesis KeyBanc’s...
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WWE Pops Higher On Earnings Beat, $500M Buyback
Thursday, February 7, 2019 - 12:50pm | 685World Wrestling Entertainment, Inc. (NYSE: WWE) stock whipsawed Thursday morning after the company reported record fourth-quarter earnings and announced a $500-million share buyback program. What Happened WWE's Q4 was highlighted by a record $930.2 million in revenue and $114.5 million in...
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Zynga's Big Quarter: Analysts Speak Up
Thursday, February 7, 2019 - 11:50am | 449Zynga Inc (NASDAQ: ZNGA) stock jumped Thursday after the company reported better-than-expected fourth-quarter revenue growth and issued 2019 bookings guidance above consensus expectations. Zynga management said the company’s “turnaround is now complete” and it is...
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KeyBanc Expects Another Solid Quarter, Network Growth From WWE
Wednesday, January 23, 2019 - 10:34am | 383After a huge 2018, one Wall Street analyst said Wednesday 2019 will be another big year for World Wrestling Entertainment, Inc. (NYSE: WWE). The Analyst KeyBanc analyst Evan Wingren reiterated his Overweight rating and $104 price target for WWE. The Thesis Wingren said KeyBanc’s latest...
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Activision Plunges on Loss Of 'Destiny,' KeyBanc Lowers Price Target
Friday, January 11, 2019 - 3:57pm | 320Activision Blizzard, Inc. (NASDAQ: ATVI) stock was plunging Friday after game developer Bungie announced it was ending its contract with Activision and would retain rights to the "Destiny" game franchise. The split led KeyBanc Capital Markets to lower its price target for Activision...
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Roku's Huge Day
Monday, January 7, 2019 - 4:33pm | 377Shares of streaming video provider Roku Inc (NASDAQ: ROKU) rose more than 20 percent Monday after releasing two preliminary fourth-quarter metrics: Active accounts rose 40 percent from a year ago to more than 27 million. Streaming hours rose 68 percent from a year ago to 7.3 billion, or around 24...
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What To Do With Roku's Stock Following 20% Sell-Off?
Thursday, November 8, 2018 - 1:51pm | 603Roku Inc (NASDAQ: ROKU) reported Wednesday a top-and-bottom-line beat in its third-quarter earnings print, but other metrics fell short of expectations. Here is a summary of how some of the Street's top analysts reacted. The Analysts William Blair's Ralph Schackart maintains an Outperform...
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Sell-Side Analysts: Take-Two Is Not Playing Games
Thursday, November 8, 2018 - 12:26pm | 682Take-Two Interactive Software, Inc. (NASDAQ: TTWO) released second-quarter earnings Wednesday that came in above expectations, driven by consumer spending and the increasing popularity of gaming. The Analysts KeyBanc Capital Markets analyst Evan Wingren maintained an Overweight rating...
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Analysts Weigh In On Zynga After Q3 Earnings Miss
Thursday, November 1, 2018 - 11:51am | 533Zynga Inc (NASDAQ: ZNGA) reported a third-quarter earnings miss Wednesday. The mobile game developer reported earnings of 1 cent per share, missing estimates by 3 cents. Sales came in at $233.2 million, missing estimates by $16.23 million. Wedbush Sees 'Compelling Investment' Wedbush...
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KeyBanc Cautions Against Buying The Dip In Electronic Arts
Monday, October 29, 2018 - 8:26am | 420Investors looking to buy the dip in Electronic Arts Inc. (NASDAQ: EA) may want to reconsider given a low visibility moving forward, according to KeyBanc. The Analyst KeyBanc Capital Markets' Evan Wingren downgraded Electronic Arts from Overweight to Sector Weight with no assigned price target (...