|Bid||69.43 x 2200|
|Ask||69.42 x 1100|
|Day's range||67.40 - 69.59|
|52-week range||44.59 - 75.97|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||32.91|
|Earnings date||06 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||0.41 (0.59%)|
|Ex-dividend date||14 Apr 2020|
|1y target est||78.55|
Here we present five gaming stocks poised to benefit as people spend more time at home hooked on to their mobiles, personal computers and gaming consoles amid coronavirus-led restrictions.
Activision Blizzard's (NASDAQ: ATVI) long-term franchises have made it tops in the video game industry, eclipsing its peers Electronic Arts and Take-Two Interactive in market cap. Evolving platforms and emerging game companies abroad have spawned new competition, forcing Activision investors to assess where they think the company can go over the next five years. Former game developers from Atari founded Activision Publishing in 1979.
3 Stocks to Buy on Strong Pandemic Demand
CtW Investment Group wants shareholders to vote against the "Say-on-Pay" proposal at its June 11 shareholder meeting.
The COVID-19 pandemic and the resulting work-from-home trend have accelerated the growth of the video game industry in the last few months. Companies are seeing more players join the gaming fold, and with advancements in graphics technology on the horizon with the new consoles coming this fall from Sony and Microsoft, now is a good time to consider adding a few top video game stocks to your nest egg. CEO Bobby Kotick has guided Activision Blizzard (NASDAQ: ATVI) to market-beating returns since taking over in the early 1990s.
Activision Blizzard (ATVI) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
Shares of Activision Blizzard (NASDAQ: ATVI) climbed 12.9% in May, according to data from S&P Global Market Intelligence. The video game company's stock posted big gains following better than expected first-quarter results published early in the month. Activision Blizzard released its first-quarter results after the market closed on May 5, delivering sales and earnings that trounced the market's expectations.
Aside from the possibility for one or two major releases next year, the game maker will need to see continued strength in the "Call of Duty" franchise to drive growth.
Zynga (ZNGA) is enhancing its mobile gaming portfolio with the purchase of Istanbul-based Peak. The addition of Toon Blast and Toy Blast will expand Zynga's "Forever Franchises" to eight.
Toy-maker Hasbro (NASDAQ: HAS) has a dominant market position in old-fashioned toys like dolls and board games. The company owns the rights to Monopoly and G.I. Joe, among other assorted brand names you might remember from your childhood. The company also has strong ties to Disney and produces Star Wars action figures, not to mention toys for the Marvel cinematic universe.
The video game industry has always been intensely competitive, but in recent years, new game formats such as mobile and free-to-play have shifted the landscape. The company has extraordinary game franchises but little progress to show in mobile gaming or esports. Activision Blizzard (NASDAQ: ATVI) is an example of a video game company that has done a great job expanding into the new frontier of gaming.
Activision Blizzard (NASDAQ: ATVI) and NVIDIA (NASDAQ: NVDA) are pillars of the video game industry. Meanwhile, many of the millions of PC gamers are using NVIDIA's graphics cards, and the company claims to serve more than 200 million gamers with its GeForce family of graphics processing units (GPUs) and is the market share leader in the discrete GPU market. With more people at home since March, Activision Blizzard reported high engagement levels across most of its games.
Activision Blizzard, Inc. (NASDAQ: ATVI) announced today that, due to ongoing public health concerns related to the COVID-19 pandemic, it has changed the format of its 2020 annual meeting of stockholders (the "Annual Meeting") from a physical in-person meeting to a virtual meeting format. The Annual Meeting will be convened as originally planned on June 11, 2020 at 9:00 a.m., Pacific Time and immediately adjourned to a virtual-only meeting via live audio webcast.
Barnes Group (B) has been suffering from weak end markets on account of the coronavirus outbreak-led issues, rising operating costs and other issues.
Activision Blizzard, Walt Disney, Amazon, Alphabet and Microsoft highlighted as Zacks Bull and Bear of the Day
Like many of its tech industry peers, Amazon sees an opportunity for big bucks in the changing nature of video games. The free-to-play and games-as-a-service models are keeping revenue streams open long after release, and the arrival of cloud gaming may give companies like Amazon the chance to bypass console giant gatekeepers such as Nintendo, Sony, and Microsoft. Here's what you should know about Amazon, Crucible, and what comes next.
With lockdowns yet to be lifted completely and many staying at home on fears of the coronavirus spreading, there is not much entertainment other than video games.
Bull of the Day: Activision Blizzard, Inc (ATVI)
Here we discuss some gaming ETFs that are well poised to gain as an increasing number of people are resorting to in-house entertainment modes like video games amid the lockdown measures.
Take-Two Interactive (NASDAQ: TTWO) has a new fan on Wall Street. The video game giant's shares were upgraded on Tuesday and assigned a $170 price target by Gerrick Johnson, an analyst at BMO Capital Markets. Johnson highlighted Take-Two's widening content portfolio, which includes sports franchises like the surging NBA 2K brand, as helping the company's growth.
The Zacks Analyst Blog Highlights: Nintendo, Activision Blizzard, Glu Mobile, Capcom and DouYu International