Take-Two Interactive Software Analyst Update: VLM Research Issued by BrokerBank Securities

May 20, 2015, 07:00 ET from BrokerBank Securities, Inc.

NEW YORK, May 20, 2015 /PRNewswire/ -- Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) rallied 18% on Tuesday.  The stock appears attractively priced for a potential rebound in the company's fundamentals.

On May 18, 2015, Take-Two reported better than expected results for the fourth quarter of fiscal year 2015.  Revenues grew 54% over the fourth quarter of 2014 to $300.1 million.  Cash and short-term investments grew to $1.098 billion up from$976.6 million as of December 31, 2014.  Non-GAAP EPS grew to $0.49 per share vs $0.21 a year ago.  Additionally, the company's Board of Directors approved an increase to its share repurchase authorization up to an aggregate of 10 million shares of TTWO.

An analyst report on TTWO that includes a brief company overview, market overview, financial review, analyst summary, valuation, and recommendation can be viewed by using the following link at no cost.


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SOURCE BrokerBank Securities, Inc.