Stock Earnings to Watch: Activision Blizzard, Inc. (NASDAQ:ATVI)
When it comes to the Analysis of a Stock, Price Target plays a vital role.
Activision Blizzard, Inc. (ATVI) recently recorded 1.38 percent change and now at $39.73 is 51.2 percent away from its 52-week low and down -12.78 percent versus its peak. The firm's revenue was up 81.2% on a year-over-year basis. The stock lost -2.15% in total of its share price. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock.
Activision stock was up 16%, near 46.25, in afternoon trading on the stock market today, earlier touching an all-time high of 47.64 and hitting a buy point of 45.65 out of a 16-week consolidation.
Management can't increase its own guidance fast enough to keep up with results, so even guidance of $6 billion in revenue and $1.70 in non-GAAP EPS for 2017 should be seen as a low estimate given current results.
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FireEye, Inc. (NASDAQ:FEYE) earnings reaction history in focus
If you are accessing this story on another site, it was stolen and reposted in violation of USA & global copyright laws. Earnings surprise history: Last quarter, the company posted approximately $186.41 million in revenue and EPS of $-0.18.
The price objective is based on peers having a median forward PE of 25.7X and a PE-to-growth of 1.7. GAAP net revenues from digital channels were a record $4.87 billion, growing 94% year-over-year. ZACCONI RICCARDO sold 19,761 shares in the company at $40.09 each and collected $792,000 in proceeds. 9,390,760 shares of the company traded hands. The stock has a 50 day moving average price of $38.60 and a 200-day moving average price of $40.54. The latest exchange of 14.83 Million shares is below its average trading activity of 15.17 Million shares. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Activision Blizzard by 20.3% in the third quarter. California State Teachers Retirement System raised its position in shares of Activision Blizzard by 7.6% in the second quarter.
IBD'S TAKE: Activision stock has an IBD Composite Rating of 78, meaning it has outperformed 78% of stocks in key metrics over the past 12 months. Finally, Jefferies Group LLC restated a buy rating on shares of Activision Blizzard in a report on Friday. TIAA CREF Investment Management LLC now owns 4,425,757 shares of the company's stock worth $196,061,000 after buying an additional 147,360 shares during the last quarter. According to these analysts, the Low Revenue Estimate for Activision Blizzard, Inc.is 2.17 Billion and the High Revenue Estimate is 2.41 Billion. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
TRADEMARK VIOLATION NOTICE: This report was originally posted by Community Financial News and is the property of of Community Financial News.
The company has tough 2017 comps in Blizzard, says UBS analyst Eric Sheridan, but a positive ramp is coming with a new Destiny in September, and a return to form for Call of Duty could provide second-half growth as well. Activision's "Call Of Duty" series was the number one console franchise globally in 2016, and in North America, despite its newest game, "Call of Duty: Infinite Warfare", declining 30% in sales from last year's "Call of Duty: Black Ops III".
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