Fri, Aug. 28, 5:12 PM
- Activision Blizzard (NASDAQ:ATVI) made a strong move today, +4.6% and touching an all-time high, after news of its addition to the S&P 500 effective after the close today.
- The company is joining the index's home entertainment software sub-index.
- Shares hit an intraday all-time high of $30.00 before settling back to $29.22. After hours, the shares are up 0.2% to $29.28; their highest closing price was $29.30, on Aug. 17.
- “Joining the S&P 500 is a reflection of our talented teams’ passion, hard work and commitment to excellence," said CEO Bobby Kotick.
- Shares are up 13.7% this month, including its solid Q2 earnings beat, and up 45% YTD.
Fri, Aug. 28, 9:17 AM
Thu, Aug. 27, 5:39 PM
- Activision Blizzard (NASDAQ:ATVI) will replace Pall Corp. (NYSE:PLL), and United Continental (NYSE:UAL) will replace Hospira (NYSE:HSP) in the S&P 500 after the close of trading on Aug. 28 and Sept. 2, respectively.
- S&P 500 member Danaher is acquiring Pall, and Hospira is being acquired by Pfizer.
- ATVI +6.3%, UAL +6.8% AH.
Thu, Aug. 27, 5:39 PM
Mon, Aug. 10, 11:45 AM
- Activision Blizzard (NASDAQ:ATVI) is up 0.5%, and Electronic Arts (NASDAQ:EA) up 1%, as Piper Jaffray raises price targets on both in a bullish report on game growth driven by next-generation consoles.
- EA's target was raised to $85; shares closed Friday at $73.36 and are currently trading at $74.04, implying near 15% upside. The firm raised its target on Activision to $33, from $30; shares closed Friday at $28.78 and are currently trading at $28.93, implying 14% upside.
- Piper's Michael Olson thinks 2015-2016 could be the match for 2007-2008 in the last console cycle: "Both were years that experienced significant industry software growth, following several years of decline or limited growth in the space. This is positive for video game publishers."
- Activision Blizzard's guidance looked "conservative," he says, as the company heads into a second half with new entries for its brands Skylanders, Call of Duty and Destiny as well as its Guitar Hero reboot.
Wed, Aug. 5, 11:33 AM
- Activision Blizzard (NASDAQ:ATVI) is up 12.9% -- and hitting its all-time high, at $29.01 -- amid a blizzard of price target hikes from analysts after it posted record Q2 revenues and raised its 2015 guidance.
- Mizuho, Jefferies Group and MKM Partners all raised their price targets, to $31, $32 and $33 respectively. That's an upside of 6.9% to 13.8% from today's already-boosted price, depending on whom you're asking.
- The company is taking its key titles to Gamescom 2015 in Cologne, Germany, which opens to press today and to consumers tomorrow. Call of Duty: Black Ops III, Destiny: The Taken King and Guitar Hero Live will be playable at the company's booth.
- Previously: Activision Blizzard up 7.1% after beat, raised outlook (Aug. 04 2015)
- Related: Activision Blizzard (ATVI) Robert A. Kotick on Q2 2015 Results - Earnings Call Transcript (Aug. 04 2015)
Wed, Aug. 5, 9:19 AM
- Gainers: FNJN +60%. BIOC +13%. FSLR +11%. KATE +9%. Z +9%. HRB +8%. OAS +8%. TSEM +8%. PCLN +7%. SLTD +7%. MSI +6%. ATVI +6%. SUPN +6%. LC +6%. CTSH +6%. BBL +6%. SDRL +5%.
- Losers: SALE -33%. OHGI -28%. LL -24%. BOOT -23%. ETSY -20%. TRMB -13%. GLUU -10%. RSO -10%. DIS -9%. NYMT -7%. MEMP -7%. GNW -7%. PWR -7%. CERN -6%. PZZA -6%.
Tue, Aug. 4, 4:26 PM
- Activision Blizzard (NASDAQ:ATVI) is up 7.1% after hours following a solid beat, with record Q2 revenues, and raised its outlook for the rest of 2015.
- Digital revenues hit a record in GAAP and non-GAAP terms. Monthly active users were up 35% Y/Y, and time spent playing the games was up 25%.
- Revenue breakout (GAAP): Product sales, $528M (down 10%); Subscription, licensing and other, $516M (up 34.7%).
- The company's guiding to Q3 revenues (non-GAAP) of $930M, ahead of analyst expectations for $866M and EPS of $0.14, in line. It's also boosting its calendar-year 2015 outlook: on revenues, to $4.6B from $4.425B, and EPS of $1.30, up from $1.20.
- It said Hearthstone: Heroes of Warcraft, Heroes of the Storm and Destiny now have more than 70M registered players combined and more than $1.25B in non-GAAP revenues to date.
- Conference call to come at 4:30 p.m. ET.
- Press release
Tue, Aug. 4, 4:17 PM
Mon, Aug. 3, 5:35 PM
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Fri, Jul. 17, 5:41 PM
- Videogame sales grew in June, with new physical games and hardware up 18% in the U.S. Y/Y, to $869.4M, according to NPD. That's a rebound from May's 13% decline.
- The industry showed growth in all three major areas: Hardware sales were $313.1M (up 8%); accessories were $210.7M (up 34%); and game software sales were very strong at $345.5M (up 21%, though against a weaker 2014 comp) by calling on the Batman. The settling-in of next-gen consoles continues, as it was the fourth month of Y/Y software increases.
- Batman: Arkham Knight (TWX -1.4%) led the software charts and became the year's second-best seller out of the gate, behind another Warner Bros. release, Mortal Kombat X.
- June was Warner's month: Its other titles Lego Jurassic World, The Witcher 3: Wild Hunt and Mortal Kombat X joined Batman in the top 10 at Nos. 3, 4 and 8 respectively. Warner's dollar sales are up 217% vs. the first half of 2014, making it the top corporate publisher this year, says NPD's Liam Callahan.
- In longer-term holdouts, Minecraft (NASDAQ:MSFT) came in at No. 6, Grand Theft Auto V (TTWO +4%) was No. 7, Take-Two's NBA 2K15 was No. 9 and Call of Duty: Advanced Warfare (NASDAQ:ATVI) No. 10.
- Next-gen consoles like PS4 and Xbox One led the way in hardware growth, up 15%. The PS4 (SNE +0.5%) led console sales again, the company said, as it has for every month this year except for April.
Thu, Jul. 16, 3:21 PM
- Digital game sales crested $1B in revenues in June (up 18% Y/Y), SuperData Research reports -- and most of that is headed to big-name projects.
- Call of Duty: Advanced Warfare (ATVI +0.4%) topped the firm's digital console earnings chart for June, followed by Grand Theft Auto V (TTWO +1.8%).
- The overall market was robust, said SuperData chief Joost van Dreunen: Mobile revenues that usually slip in summer increased 4% M/M in June (and 20% Y/Y) to $367M, while console and PC gaming is up 30% Y/Y to $314M.
- Following up Call of Duty and GTA V on the console chart was Bethesda Softworks' MMORPG Elder Scrolls Online: Tamriel Unlimited and Batman: Arkham Knight (TWX +0.7%).
Thu, Jul. 9, 11:40 AM
- Activision Blizzard (NASDAQ:ATVI) is up 0.7% after Piper Jaffray analyst Michael Olson noted in a new comment that the latest entry in the company's monster Call of Duty franchise was the title gamers are "most excited" to buy this year, according to Piper's survey.
- Olson maintains an Overweight rating and a $27 price target. Shares closed yesterday at $24.80 and are currently at $24.97, implying an 8% upside.
- Piper surveyed next-gen console owners (PS4 and Xbox One) with a focus on purchase intent and digital content preferences, and repeated the survey after E3.
- "We believe the survey does provide further indication that concern around Call of Duty 'franchise fatigue' is overblown. Activision's 1H'15 catalysts were limited, but believe shares set up well for a move higher into late '15," Olson writes.
- Call of Duty: Black Ops 3 is due out Nov. 6.
- Previously: Electronic Arts shares rise during encouraging E3 (Jun. 18 2015)
Mon, Jun. 29, 10:59 AM
- Worlds (OTCQB:WDDD) asserts the federal court that on Friday issued a Markman ruling related to the company's infringement suit against Activision (NASDAQ:ATVI) "ruled that the majority of our patent claims construction language means precisely what the U.S. Patent and Trademark Office (USPTO) interpreted the claims to mean in the patents they granted to us," thereby leaving the company "in a strong position for a jury trial."
- Worlds hopes to receive a trial date at a July 30 scheduling hearing. Shares now +67% from Thursday's close, after having soared on Friday in response to the ruling.
- The full ruling (.pdf)
Fri, Jun. 26, 11:07 PM
- Mizuho Securities launched coverage on videogame makers with a bullish cast -- setting Buy ratings for Activision Blizzard (NASDAQ:ATVI), Electronic Arts (NASDAQ:EA) and Take-Two Interactive (NASDAQ:TTWO).
- The firm gave a Neutral rating to Ubisoft (OTCPK:UBSFY).
- Its top pick goes to Activision Blizzard, with ample upside left: "Much of the potential upside coming from Blizzard - continued traction with Hearthstone, along with two new IP properties Heroes of the Storm and Overwatch. And with CoD: Black Ops III, Destiny: The Taken King, Guitar Hero, and Call of Duty Online, we see solid tailwinds from the Activision side."
- For EA, analyst Neil Doshi points to some well-known catalysts: the now-detailed Star Wars: Battlefront game as well as the company's sports franchises. "For now we remain buyers, despite valuation getting fuller, as we believe new games should lead to sustained growth and digital should pave the way for more margin expansion."
- Today: EA +0.3%; ATVI -1.4%; TTWO +0.8%; OTCPK:UBSFY -1.4%.
- Previously: EA, Take-Two up on bullish Jefferies sales notes (Jun. 24 2015)
- Previously: Electronic Arts shares rise during encouraging E3 (Jun. 18 2015)
Thu, Jun. 18, 11:17 PM
- Electronic Arts (NASDAQ:EA) grabbed the reins at the E3 gaming expo -- announcing three new Star Wars games, headlined by Star Wars: Battlefront, and pointing to its annual sports titles.
- Positivity around Battlefront may be raising the company's fortunes as analysts raise sales estimates; Piper Jaffray's Michael Olson thinks EA could sell 9.5M units in its fiscal 2016. The game comes out Nov. 17 ahead of the Dec. 18 release of the seventh film, Star Wars: The Force Awakens.
- EA shares rose 4% through the conference. Meanwhile, Activision Blizzard (NASDAQ:ATVI), which didn't hold a media event, fell 1%. For its part, it highlighted November's Call of Duty: Black Ops 3, the latest entry in that multibillion-dollar franchise, as well as the return of another franchise in Guitar Hero Live.
- Activision also will be adding playable vehicles to its $3B toys-to-life franchise Skylanders.
- Nintendo (OTCPK:NTDOY) -- with a fairly surprise-free lineup and no media briefing -- had a lackluster show, and shares fell 3.3% in the interim.
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Activision Blizzard Inc is an online, personal computer, video game console, tablet, handheld, and mobile game publisher. It has three operating segments: - Activision Publishing, Inc., Blizzard Entertainment, Inc. and Activision Blizzard Distribution.
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