80.88 +0.28 (0.35%)
After hours: 6:14PM EDT
|Bid||80.60 x 1400|
|Ask||80.89 x 1000|
|Day's range||79.36 - 80.68|
|52-week range||57.29 - 82.03|
|PE ratio (TTM)||122.68|
|Earnings date||31 Oct 2018 - 5 Nov 2018|
|Forward dividend & yield||0.34 (0.42%)|
|1y target est||81.00|
In the chart below, we can see that Take-Two Interactive (TTWO) has outlined its growth projections in the global games market. The gaming industry is estimated to grow from $123.0 billion in 2017 to $137.0 billion in 2018 and might reach $166.0 billion by the end of 2022. Take-Two Interactive and its peers Activision Blizzard (ATVI), Electronic Arts (EA), and Zynga (ZNGA) have an opportunity to drive revenues in a growing market.
This game has been the primary reason for Take-Two Interactive’s 1000.0% stock returns (in absolute terms) since the start of 2013. Take-Two Interactive’s highly anticipated game, Red Dead Redemption 2, is expected to be released on October 26 and contribute to the company’s revenues in the holiday quarter. Red Dead Redemption 2 already has a dedicated fan base, and it’s garnered positive responses from its players.
Investors need to pay close attention to Activision Blizzard (ATVI) stock based on the movements in the options market lately.
Among its peers, Electronic Arts (EA), Activision Blizzard (ATVI), and Zynga (ZNGA) expect to see their revenues rise 2.8%, 16.3%, and 20.0%, respectively, in the 2018 holiday season. The holiday season is a key revenue driver not just for consumer and electronic companies, but also for gaming companies.
Some are already prognosticating that the new battle royale game mode in the "Call of Duty" franchise lays the foundation for Activision's next foray into esports.
Take-Two Interactive (TTWO) stock was trading at $12.00 at the start of 2013. That year, the gaming company’s stock price rose 44.0% to $17.60. Take-Two stock rose 59.0% in 2014, 24.0% in 2015, and 41.0% in 2016 to $49.29.
When it released its second-quarter results on August 15, Tencent (TCEHY) said it was exploring several initiatives to stimulate growth. The company noted that it was exploring the idea of launching its popular games in more international markets. According to Eikon data cited by Reuters, Tencent is heavily dependent on the Chinese market, as only 5.0% of its revenues came from international operations in 2016.
BARRONS NEXT HOT STOCKS It’s going to be a busy holiday season for videogame software companies, which are readying many high-profile launches. But two of them— (ATVI) (ATVI) and (TTWO) (TTWO)—are poised to stand out, according to new research.
Activision Blizzard Inc.’s recent stock gains may be a sign that the company’s new Call of Duty: Black Ops 4 is ready to take on Fortnite in the fight for "battle royale" gamers. Blackout, the newest style of play in the billion-dollar Call of Duty franchise, has impressed analysts in beta testing, and the YouTube trailer has more than 4 million views ahead of the game’s Oct. 12 release. The new mode “should be highly engaging and could later be monetized,” according to Goldman Sachs analyst Christopher Merwin.
Electronic Arts (EA) is optimistic about the market opportunity in eSports and competitive gaming verticals. According to Newzoo, the eSports market will be valued at $1 billion by the end of 2018 and is estimated to reach $1.4 billion by 2020.
Gaming companies Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI) bank heavily on successful franchises to drive revenue. A successful franchise can easily churn over a billion dollars for gaming companies. While EA has the FIFA and NFL sports franchises, Activision has the Call of Duty franchise. Take-Two has its blockbuster game Grand Theft Auto.
News that EA is delaying its upcoming "Battlefield V" shooter has sent its shares down, but the market is losing focus on what really drives the company's performance.
Ryan McQueeney and Maddy Johnson recap Apple's latest iPhone reveal event and preview the holiday shopping season by looking at seasonal hiring trends and upcoming video games. Later, the hosts discuss AMD's crazy momentum.
Electronic Arts (EA) reported its fiscal Q1 2019 results on July 26. EA stock fell 12% in August after it announced that its Battlefield V game was delayed and would launch on November 20 instead of October 19.
The iPhone maker topped the $1 trillion mark -- no shock. Google appears set to cave to China on censorship; we (and Baidu) did not see that coming.
Activision Blizzard (ATVI) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.