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Electronic Arts Analysts See Stay-At-Home Strength, Possible Game Delays After Q4 Report
Thursday, May 7, 2020 - 8:34am | 749Read More...Electronic Arts (NASDAQ: EA) reported fourth-quarter earnings Tuesday of $1.43 per share against a 98-cent estimate and sales of $1.387 billion that beat a $1.19-billion estimate. The video game developer guided to first-quarter net sales of $1.22 billion, net bookings of $1 billion and...
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Wall Street Reacts To Twitter's Mixed Quarter: Positioning For 2021?
Friday, May 1, 2020 - 1:10pm | 681Read More...Twitter Inc (NYSE: TWTR) shares were down 5% on Friday after the company reported an earning beat in the first quarter but failed to reassure investors that its advertising business has stabilized in the current quarter. Twitter reported first-quarter earnings per share of 11 cents on $808 million...
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Amazon Analysts React To Q1 Earnings: Stock Sell-Off Is Short-Sighted
Friday, May 1, 2020 - 11:55am | 1036Read More...Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by more than 7% on Friday after the company missed first-quarter earnings estimates and said it plans to spend $4 billion in the second quarter combatting the coronavirus (COVID-19). Amazon reported first-quarter EPS of $5.01, short of consensus...
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Snap's Stock Rips Higher By 30%: Here's What The Street Thinks
Wednesday, April 22, 2020 - 2:30pm | 677Read More...Snap Inc (NYSE: SNAP) reported better-than-expected first-quarter results, highlighted by a 44% year-over-year increase in revenue and a 20% growth in daily active users. Here is a summary of how some of the Street's top analysts reacted to the print. The Snap Analysts Credit Suisse...
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'Imminent Dilemma'? Netflix's Strong Q1 Net Adds Leave Some On Wall Street Worried
Wednesday, April 22, 2020 - 1:42pm | 1003Read More...Netflix Inc (NASDAQ: NFLX) reported strong quarterly results Tuesday, with global net subscriber additions well ahead of the consensus estimate. The Netflix Analysts Nomura Instinet analyst Mark Kelley maintained a Neutral rating on Netflix and lifted the price target from $330 to $390....
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Why In-Game Revenue Is Key For Publishers Like Activision, Electronic Arts
Tuesday, April 21, 2020 - 3:35pm | 662Read More...Netflix Inc (NASDAQ: NFLX) is akin to a buffet where consumers pay one price regardless of how much they consume. The comparison is only "partly true" for most video game publishers, Wedbush managing director and equity analyst Michael Pachter said Monday on Benzinga's...
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How The COVID-19 Pandemic Will Affect Netflix And Roku Going Forward
Monday, April 20, 2020 - 3:40pm | 642Read More...Regardless if consumers are stuck at home or not, the public wants to be entertained, Wedbush Managing Director and Equity Analyst Michael Pachter said Monday on Benzinga's PreMarket Prep. What To Know The American consumer can't go to a live sporting event or concert, nor can they go to...
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Roku Analysts On Streaming Growth, Early Q1 Data: 'Path To Profitability Is Unclear'
Tuesday, April 14, 2020 - 12:02pm | 659Read More...Roku Inc (NASDAQ: ROKU) estimates that it gained 3 million new accounts in the first quarter and saw streaming hours increase 49% year-over-year — partly thanks to global shelter-at-home orders. “The strength in streaming hours was partially offset by the addition of ‘Are you...
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Take-Two's Murky Pipeline Leads To Caution On Stock Price Outlook
Friday, February 7, 2020 - 3:53pm | 630Read More...Wall Street wants to like video game company Take-Two Interactive Software, Inc. (NASDAQ: TTWO), which had big hits in recent years with the "Grand Theft Auto" franchise and the "Red Dead Redemption" games. But it's hard to say what's going to happen with the stock when...
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Esports And 2 Other Things To Like About Activision Blizzard
Friday, February 7, 2020 - 1:58pm | 543Read More...Activision Blizzard, Inc. (NASDAQ: ATVI) shares were on the rise Friday and analysts reiterated Buy recommendations after the company's strong fourth-quarter report, with sell-side analysts bullish on the company's "loaded pipeline," lean into mobile and pursuit of ad dollars. The...
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For Netflix, Getting (And Keeping) Subscribers In The Face Of Competition Is Expensive
Wednesday, January 22, 2020 - 12:05pm | 1026Read More...Netflix, Inc. (NASDAQ: NFLX) beat expectations on total subscriber adds, EPS and revenue but the sell-side reaction was mixed with bears worried about lackluster growth in U.S. subscribers and heavy spending on content as competition ramps up. The mixed results on subscriber adds, strong...
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PreMarket Prep Recap: $TSLAQ Crowd Continues To Be Punished, Eli Lilly's Incredible Friday Open
Monday, December 23, 2019 - 2:27pm | 849Read More...There was no shortage of news to cover during today's PreMarket Prep Show heading into an abbreviated week of trading ahead of the holidays. The co-hosts recapped some unusual price action from Friday's quadruple witch expiration in one issue, and a big-name stock was making a big-time move...
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AMD Joins Blockchain Game Alliance, Hopes The Tech Grows Within The Sector
Wednesday, December 18, 2019 - 4:21pm | 773Read More...Computer hardware maker Advanced Micro Devices, Inc. (NASDAQ: AMD) is joining a collaboration of companies seeking to boost the use of blockchain-powered gaming platforms. AMD said it joined the Blockchain Game Alliance, to help spur the increased use of blockchain in gaming, and in doing so may be...
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Analysts Debate If GameStop Can Power Back Up
Wednesday, December 11, 2019 - 12:08pm | 654Read More...GameStop Corp. (NYSE: GME) reported third-quarter results highlighted by a notable earnings miss, a 30% drop in sales and a downward revision to 2019 guidance. The stock reacted sharply to the downside and analysts debated how much power is left in the retailer's life bar. The Analysts...
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Roku's Slowing Profit Growth Keeps Analysts, Investors Hesitant On The Stock
Thursday, November 7, 2019 - 1:27pm | 537Read More...Investors continued to disconnect from Roku Inc (NASDAQ: ROKU) following tepid forward guidance that also failed to impress sell-side analysts, who warned of slowing growth in profits. The sell-off came despite third-quarter revenue and earnings beats on Wednesday. The Analysts Wedbush analyst...
