Slowing Growth in Platform Base Offset by New Titles - Research Report on Activision Blizzard, Electronic Arts, Take-Two Interactive Software, Rovi and Changyou.Com
NEW YORK, March 8, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Activision Blizzard, Inc. (NASDAQ:ATVI), Electronic Arts Inc. (NASDAQ:EA), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), Rovi Corporation (NASDAQ:ROVI) and Changyou.Com Ltd (NASDAQ:CYOU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Activision Blizzard, Inc. Research Report
Activision Blizzard announced that the highly-anticipated expansion pack of its popular Starcraft II franchise, Starcraft II: Heart of the Swarm, is set to release on March 12 this year for $39.99 apiece for its standard edition and $79.99 for its collector's edition. Earlier, the company also announced that its Diablo III game will be made available for Sony's PlayStation 3 and the newly announced PlayStation 4. Analysts say both games will drive significant top-line growth for Activision due to demand despite concerns of softening video game sales numbers and competition. Meanwhile, the company reached a new 52-week high of $14.76 this week, still reeling from its better than expected Q4 2012 financials released last month. The Street rates Activision as a "buy," citing strengths in revenue and net income. The Full Research Report on Activision Blizzard, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/64a5_ATVI]
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Electronic Arts Inc. Research Report
Electronic Arts released a trio of video games already so far for the month of March, headlined by the eponymous latest installment of its popular SimCity franchise, which is available in stores and for download via Origin starting earlier this week. The other games released for this week were The Sims 3 expansion pack The Sims 3: University Life and Battlefield 3: End Game, for PC/Mac and PlayStation 3, respectively. While these games may not exactly bring EA to profitability by themselves, analysts believe the company would earn a lot from pay-as-you-go microtransactions, citing strengths in EA's digital sales segment. Meanwhile, the company hit a new 52-week high of $18.67 this week amid the announcements. The Full Research Report on Electronic Arts Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/1414_EA]
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Take-Two Interactive Software, Inc. Research Report
Take Two Interactive announced the availability of its baseball simulator MLB 2K13 in the US and Canada on the XBOX 360 and PlayStation 3 systems, together with its popular skill-based competition, the Perfect Game Challenge. The game is also slated to release in Mexico, Central America, South America, Korea, Singapore, Hong Kong and Taiwan soon, and is also available via the NBA 2K13/MLB 2K13 Combo Pack. Meanwhile, following better-than-expected Q4 results, Take-Two's 2013 estimates have been raised to $1.70 in earnings per share, or three times its previous estimate six months ago. Zacks rates the company as a "strong buy." The Full Research Report on Take-Two Interactive Software, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/849e_TTWO]
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Rovi Corporation Research Report
Rovi has entered a licensing agreement with online video service Hulu LLC, in relation to its 2011 lawsuit claiming patent infringement covering interactive television functions. The company claims that Hulu was wrongly using protected technology for electronic programming guides, and the agreement would resolve all litigation between the two companies. Meanwhile, The Street upgraded Rovi from "sell" to "hold" last week, still reeling from the earnings growth posted in its Q4 2012 results. The financial news provider cited strengths in debt management and net income aside from the earnings growth on the part of Rovi. The Full Research Rovi Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/e83a_ROVI]
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Changyou.Com Ltd Research Report
Chinese online game developer Changyou beat expectations in both its revenues and earnings per share for Q4 2012, due in part to the success of flagship MMO game TLBB and web games DDTank and Wartune. The company logged revenue of $173.5 million, up 6.2 percent from $163.4 million year over year, and earnings per share of $1.41, down 12 percent from $1.60 per share year over year. In comparison, analysts surveyed by S&P Capital IQ forecast revenue of $168.7 million and earnings of $1.33 per share. For the current quarter, Changyou predicts revenue of $166.9 million and earnings per share of $1.38. The company also announced share-based compensation expense of between $500,000 to $1 million. The Full Research Report on Changyou.Com Ltd - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/6956_CYOU]
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SOURCE Investors-Alliance
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