|Bid||81.30 x 2200|
|Ask||81.70 x 3200|
|Day's range||79.63 - 81.52|
|52-week range||44.81 - 81.53|
|Beta (5Y monthly)||0.61|
|PE ratio (TTM)||40.21|
|Earnings date||04 Aug 2020|
|Forward dividend & yield||0.41 (0.51%)|
|Ex-dividend date||14 Apr 2020|
|1y target est||80.59|
(Bloomberg) -- Following scathing reviews of a computer game it released in May, Amazon.com Inc. is delaying its next big-budget game by at least six months. The decision represents another setback for the technology giant’s ambitions to break into the gaming industry.The next game, New World, was supposed to debut in late August but is now scheduled for spring 2021, Rich Lawrence, director of Amazon’s game studio, wrote in a blog post Friday. The company wants extra time to implement changes suggested by players who have been testing the game, he wrote.Delays are fairly common in the video game industry, but this was an important opportunity for Amazon to redeem itself after a recent flop. Amazon is trying to make a name for itself as a maker of big-budget video games that can compete with those from the likes of Activision Blizzard Inc. and Electronic Arts Inc. But Amazon’s Crucible, a free-to-play PC game introduced in May, was panned by critics, prompting Amazon to take the highly unusual step of pulling the game from wide circulation.New World is a massively multiplayer online game where hundreds of players seek to colonize a fictional world filled with supernatural creatures. Customers who tested or pre-ordered the game will still be able to play it for “a period of time” starting Aug. 25, the company said.“We don’t make the decision lightly, and we have urgency about getting the game to you as quickly as possible at the best quality -- with some additions that will make the experience even better,” Lawrence wrote.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Activision Blizzard, Inc. (Nasdaq: ATVI) intends to release its second quarter 2020 results after the close of the market on Tuesday, August 4, 2020. In conjunction with this release, Activision Blizzard will host a conference call that will be broadcast over the internet.
Let's dive into why the video gaming powerhouse might be worth buying as both a near-term coronavirus play and a long-term bet on the future of entertainment...
Shares of Glu Mobile (NASDAQ: GLUU) gained 53.2% across the first six months of the year, according to data from S&P Global Market Intelligence. Glu Mobile reported fourth-quarter results in February and first-quarter results in May, and its stock saw major positive momentum following each release. Video game stocks have generally performed very well amid 2020's volatile conditions, and Glu's stock gains across first half of the year were significantly better than those of industry leaders including Activision Blizzard, Electronic Arts, and Take-Two Interactive.
The company's market-crushing performance this year reflects the strength of its catalog and having the right products at the right time.
Cimpress (CMPR) has been suffering from low bookings across its segments due to the soft-demand environment amid the coronavirus outbreak. Also, the company's high debt level remains concerning.
Shares of Zynga (NASDAQ: ZNGA) gained 55.9% across the first six months of 2020, according to data from S&P Global Market Intelligence. Video game stocks have generally posted impressive gains this year, as shelter-in-place and social distancing measures prompted people to stay inside and spend more time on digital entertainment. Zynga has been one of the category's best performers, posting gains that outstripped industry competitors including Activision Blizzard, Electronic Arts, Take-Two Interactive, and Glu Mobile.
Vail Resorts (MTN) banks on extensive marketing initiatives to revive top-line growth. However, stiff competition and the coronavirus pandemic pose concerns.
Coronavirus has resulted in drastic changes in lifestyle and preferences in keeping with the social-distancing measures. In such a scenario, an increasing demand for video games has been noticed.
Given the growth in stay-at-home stocks even during the coronavirus-led slump, we have shortlisted five stocks that can return well on investment
Several large-caps have skyrocketed during the first half of 2020 while the broad market is yet to fully recover from the impacts of pandemic.
Cimpress (CMPR) is likely to benefit from strong product portfolio, acquired assets and shareholder-friendly policies. However, high debt and the coronavirus outbreak-related issues are concerning.
The coronavirus pandemic has taught us many things and one among them is how to stay entertained within the confines of our homes. This has seen a surge demand for technology-driven sources of entertainment.
With the spurt in new coronavirus cases, there are stocks that are set to gain. Thus, keeping an eye on some of such stocks won't be a bad proposition as of now.
Take-Two Interactive (TTWO) is likely to benefit from portfolio strength with the launch of Disintegration despite intensifying competition.
Electronic Arts' (EA) expanding portfolio with multiple game lineups is expected to drive active user engagement and top-line growth in the near term.