Streetbeat News

ATVI

Activision Blizzard Inc

https://www.activisionblizzard.com/

CEO

Robert Kotick

Employees

2,373

Industry

Software Publishers

activision blizzard is the world's most successful standalone interactive entertainment company. our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal.

Open

94.48

Mkt cap

74B

Volume

7.1M

High

94.54

P/E Ratio

34.59

52-wk high

94.57

Low

94.31

Div yield

N/A

52-wk low

70.94

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', recommended buying Zimmer Biomet Holdings (ZBH) and Take-Two Interactive Software (TTWO), while expressing skepticism about Vital Energy (VTLE) and suggesting to sell Activision Blizzard (ATVI). He also showed support for HighPeak Energy (HPK), despite some hedge funds shorting it.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:42 pm

Benchmark analyst Mike Hickey has maintained a Buy rating for Electronic Arts Inc (EA) and raised the price target from $150 to $159. Hickey predicts medium-term growth for EA, driven by the success of Star Wars Jedi Survivor and a strong product cycle. He also suggests that EA could be a prime candidate for acquisition if Microsoft's purchase of Activision Blizzard leads to further consolidation in the gaming industry.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 7:55 pm

Activision's CFO has praised the company's latest Barbie integration as a prime example of culturally relevant marketing execution.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 7:06 pm

Activision's CFO has stated that the merger with Microsoft will help the company compete in an uncertain environment by providing faster access to specialized talent in areas such as Artificial Intelligence and Machine Learning.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 7:05 pm

Activision's CFO has announced that the launch of 'Diablo IV' led to Blizzard's best quarter on record, with over $1B in net bookings and operating income growing over 300% year-over-year.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 7:04 pm

Activision Blizzard (NASDAQ:ATVI) reported a 50% YoY growth in net bookings in Q2, with record bookings and operating income for its Blizzard segment. The company's CFO, Armin Zerza, attributed the growth to the company's focus on delivering compelling and frequent content. The King segment saw a 9% YoY revenue increase, led by the Candy Crush franchise. The Blizzard segment saw a 160% YoY revenue increase and tripled its operating income, largely due to the launch of Diablo IV. The pending acquisition of Activision Blizzard by Microsoft Corp (NASDAQ:MSFT) continues, with a recent rejection of a challenge by the Federal Trade Commission.

Portfolio Pulse from Chris Katje

July 25, 2023 | 7:04 pm

Benzinga users have identified Microsoft, Apple, Coinbase, Costco, Visa, Ford, and Walmart as their long-term stock investment favorites. Microsoft's shares are performing well this year, with analysts predicting further growth. Apple's dominant market position and recent push into AI and AR make it a popular choice. Despite a significant drop from its IPO price, Coinbase's stock is up nearly 200% YTD. Costco, Visa, Ford, and Walmart are also favored for their consistent growth and strong market positions.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 7:37 pm

The UK's Competition Appeal Tribunal has granted an adjournment application in the case of Microsoft's acquisition of Activision. The decision could potentially delay the completion of the deal.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:15 pm

Roth MKM analyst Eric Handler has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Neutral, while raising the price target from $88 to $95.

Portfolio Pulse from richadhand@benzinga.com

July 21, 2023 | 9:28 am

The U.S. Federal Trade Commission (FTC) has agreed to pause its trial against the $69 billion acquisition of Activision Blizzard Inc. by Microsoft Corp. This decision marks a significant victory for both companies as they strive to finalize the largest-ever gaming deal amidst regulatory hurdles in the U.S. and the U.K. The companies can now attempt to convince the FTC’s commissioners to accept a settlement or drop their opposition to the deal.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 2:26 am

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