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4 Views On How To Play Activision Blizzard Post-Earnings
Friday, November 3, 2017 - 2:59pm | 793Shares of Activision Blizzard, Inc. (NASDAQ: ATVI) hit a new all-time high of $67.03 Friday morning before returning all of the daily gains and then losing an additional 4.5 percent in reaction to the company's third quarter earnings report. Here is a summary of what some of Wall Street's...
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Is It Game Over For Media Publishers' 2-Year Run?
Monday, February 13, 2017 - 3:53pm | 444Since 2015, Activision Blizzard, Inc. (NASDAQ: ATVI), Take Two Interactive Software Inc (NASDAQ: TTWO) and Electronic Arts Inc. (NASDAQ: EA) have starkly outperformed the S&P 500. While the index improved 13.4 percent, Activision saw a 214.6-percent boom, Take-Two spiked 102.3 percent and...
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'Pokémon GO' Popularity Is Officially In Decline
Wednesday, September 21, 2016 - 11:51am | 395"Pokémon GO" (Nintendo Co., Ltd (ADR) (OTC: NTDOY)-backed and Niantic developed)'s reign as the highest grossing app has officially ended, unofficially marking the peak of its popularity — at least for the time being. According to Sensor Tower, Pokémon Go held on to the top spot as the...
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Mobile Game Revenue Expected To Grow By 21% To $36.87 Billion This Year, To Hit $52.5 Billion By 2019
Friday, July 29, 2016 - 8:25am | 404King Digital, now owned by Activision Blizzard, Inc. (NASDAQ: ATVI), was an early pioneer in mobile gaming with its popular "Candy Crush" game. The game also served as sufficient proof to investors that mobile game users had no problem dishing out $0.99 at a time to buy an extra few moves or lives...
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Activision Blizzard Remains A Favorite Idea At Cowen
Thursday, June 30, 2016 - 11:24am | 410Cowen said Activision Blizzard, Inc. (NASDAQ: ATVI) remains its favorite idea, as the firm still expects the video game maker to finish the year north of $2 in EPS, even including FX impact. "We are raising our PF FY16 estimate (which treats King [Digital] as if it had been acquired on January 1,...
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Wedbush's Michael Pachter Talks Video Game Stocks
Tuesday, May 31, 2016 - 3:20pm | 496Michael Pachter is an equity analyst at Wedbush Securities and considered to be one of the Street's top analysts in the video game space. On Tuesday, Pachter was a guest on Benzinga's PreMarketPrep to talk about the video game industry. Activision Blizzard First on the checklist: Activision...
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Facebook, Zynga See Sharp Drops In Short Interest
Friday, May 29, 2015 - 1:49pm | 1225Between the April 30 and May 15 settlement dates, some of the largest swings in short interest among the leading social media companies based in the United States happed to Facebook Inc (NASDAQ: FB), Twitter Inc (NYSE: TWTR) and Zynga Inc (NASDAQ: ZNGA). Below we take a quick look at how these...
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King Digital A One-Hit Wonder?
Thursday, May 14, 2015 - 11:55am | 588King Digital Entertainment PLC (NYSE: KING) is set to report first quarter earnings Thursday after the closing bell. The latest installment in King's flagship franchise, Candy Crush, has performed well resulting in 2 large earnings beats. Even though the new game has been a success in...
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What Were October's Top Games & Apps For iOS, Android Devices?
Wednesday, November 19, 2014 - 11:37am | 302Each month, App Annie details the top-performing games and apps downloaded from Apple Inc.'s (NASDAQ: AAPL) App Store and Google Inc's (NASDAQ: GOOG) Google Play. October's results are in. Top Downloads By Company France-based and privately held Gameloft regained the top...
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Wedbush Previews King Digital: Expect A Beat, Guidance Appears Conservative
Monday, November 3, 2014 - 9:50am | 276King 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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Candy Crushed: Barclays Downgrades King Digital
Wednesday, August 13, 2014 - 12:46pm | 429King 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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Markets Marginally Higher On Light Volume And Encouraging Geopolitical Developments
Monday, August 11, 2014 - 4:46pm | 2480U.S. markets managed to squeeze out small gains in lighter than normal volume, as geopolitical tensions may be calming down. Russia President Vladimir Putin said that the country will coordinate with the International Red Cross to send humanitarian aid to Ukraine. Meanwhile, Palestinians and...
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Should Your Portfolio Dream About iDreamSky Technology?
Thursday, August 7, 2014 - 9:59am | 619Distributor of mobile phone games like the Temple Run series and Subway Surfers, iDreamSky Technology (NASDAQ: DSKY) priced its 7.7 million ADS at $15, a hair above the expected range of $12 to $14. The question is, will iDreamSky be another King Digital (NYSE: KING), or will it run...
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Market Wrap For May 7: Dow Banks Triple-Digit Point Gain While Nasdaq Closes Lower
Wednesday, May 7, 2014 - 4:35pm | 2687U.S. stocks were mixed as Federal Reserve Chair Janet Yellen presented a prepared testimony which did not rattle investors. The Dow posted a triple-digit point gain after falling 43 points. The Nasdaq, on the other hand, declined as many momentum and Internet names were hit hard. Russian...
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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 | 2676U.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...