Xbox boss says Xbox Game Studios 'not done' with M&A, Verge reports » 19:1710/1810/18/21
Microsoft's Xbox boss Phil Spencer said during a Wall Street Journal tech conference that the company's game software unit, Xbox Game Studios, is "definitely not done" with acquisitions, The Verge's Tom Warren reports. "There's no quota, no timeline where I have to go acquire studios by a certain time, but if we find a studio where we have a good fit... absolutely," Spencer said, according to Warren. Reference Link
Google CEO says staff returning to offices across the country, CNBC says » 17:3310/1810/18/21
Google CEO Sundar Pichai…
Google CEO Sundar Pichai said the company's workers are filing back into their offices across the U.S., CNBC's Jennifer Elias reports. Pichai said at the Wall Street Journal Live Conference that the Alphabet unit is seeing 20%-30% occupation rates in the San Francisco Bay Area offices, while New York offices are seeing a 50% occupation rate, the author notes. Reference Link
BBVA price target raised to EUR 6.30 from EUR 5.90 at Barclays » 15:2910/1810/18/21
Barclays analyst Fernando…
Barclays analyst Fernando Gil De Santivanes raised the firm's price target on BBVA to EUR 6.30 from EUR 5.90 and keeps an Equal Weight rating on the shares.
EA's 'Madden NFL 22' was best-selling U.S. game in September, says NPD » 12:3710/1810/18/21
EA, NTDOY, SONY, MSFT, SQNXF
NPD analyst Mat…
NPD analyst Mat Piscatella said that Electronic Arts' (EA) "Madden NFL 22" repeated as the best-selling game of the month. It now ranks as the #2 best-selling game of 2021 year-to-date, and is the 4th best-selling title of the 12 month period ending September 2021. Madden NFL 22 led on both PlayStation (SONY) and Xbox (MSFT). Bandai Namco's "Tales of Arise" set a new launch month dollar sales record for any "Tales Of" franchise release. "Tales of Arise" ranked as the 4th best-selling game of September 2021. Square Enix's (SQNXF) "Life is Strange: True Colors" launched as September's #10 best-selling game. "Life is Strange: True Colors" generated the highest launch month dollar sales for any "Life is Strange" title to date. Nintendo's (NTDOY) "WarioWare: Get It Together" debuted as the 15th overall best-selling game of Sept, while also ranking 2nd on Switch. "WarioWare: Get It Together" achieved the highest launch month sales for a "WarioWare" franchise release since "WarioWare Smooth Moves" in January 2007. Reference Link
Video game spending grew 3% year-over-year in September, says NPD » 12:3510/1810/18/21
SONY, MSFT, NTDOY
NPD analyst Mat…
NPD analyst Mat Piscatella said that September 2021 consumer spending across video game hardware, content and accessories grew 3% when compared to a year ago, reaching an September record $4.4B. Year-to-date spending reached $42.3B, a 12% increase versus a year ago. Hardware was once again a primary driver of spending gains in September, increasing 49% compared to a year ago. Mobile and Subscription offset declines across other segments to keep content spending flat versus a year ago. September video game hardware dollar sales increased 49% when compared to September 2020, to $412M. Year-to-date hardware spending has also gained 49% when compared to the same period a year ago, totaling $3.4B. PlayStation 5 (SONY) was the best-selling hardware platform of September in both units and dollars. PlayStation 5 is the best-selling hardware platform of 2021 year-to-date in dollars, while Nintendo Switch leads in units. September 2021 snaps the remarkable 33 consecutive month streak that Nintendo Switch (NTDOY) was the market's leading platform in hardware unit sales. November 2018 was the last month a platform other than Nintendo Switch led the market in unit sales, Piscatella said. Microsoft (MSFT) is also a publicly traded company in the gaming console space.
BBVA price target raised to EUR 5.85 from EUR 5.70 at UBS » 12:0910/1810/18/21
UBS analyst Ignacio…
UBS analyst Ignacio Cerezo raised the firm's price target on BBVA to EUR 5.85 from EUR 5.70 and keeps a Neutral rating on the shares.
Morgan Stanley says Cloud, Hybrid solutions should power 'strong' Microsoft Q1 » 09:1210/1810/18/21
Morgan Stanley analyst…
Morgan Stanley analyst Keith Weiss said his channel conversations and the firm's recent CIO survey support Microsoft's strengthening positioning across key software markets and he sees building momentum across Cloud and Hybrid solutions powering "strong" Q1 top-line results. Revenue outperformance may prove that operating margins are "more durable than feared," added Weiss, who notes that his model suggests durable high-teens EPS growth from Microsoft. He keeps an Overweight rating and $331 price target on the shares ahead of the company's earnings report due on October 26.
Wedbush continues to favor Google, Snap headed into quarterly results » 08:3010/1810/18/21
GOOGL, GOOG, FB, SNAP, TWTR, PINS, AAPL
In a research note…
In a research note previewing Q3 earnings for Alphabet (GOOGL), Facebook (FB), Snap (SNAP), Pinterest (PINS), and Twitter (TWTR), Wedbush analyst Ygal Arounian said he expects the quarter to be reflective of a number of macro and micro factors quite similar to the key themes in Q2, most notably continued strength in overall digital advertising spending, what user engagement and growth looks like as the world continues to reopen and mobility increases, and commentary around the impact of iOS privacy changes going forward. Arounian believes the impact to the digital ad ecosystem from Apple's (AAPL) ATT changes should become clearer, with Facebook being the most impacted in the group. Similar to last quarter, he continues to favor Google and Snap headed into the print among his digital advertiser coverage.
Opening Day: GitLab jumps in Nasdaq debut as IHS opens well below IPO price » 08:1210/1610/16/21
MSFT, FNA, INKT, GTLB, IHS, LUCD, CLST, HCTI, AVDX, HLTH, CWAN, ARBK, BRLT, SOVO, STER, THRN, ESMT, RELY, WRBY, JUNS, MDXH, LVLU, QNIU, AUTH, PTLO, AMZN, F, WCGC
Shares of GitLab jumped…
Helbiz announces Google Workspace integration » 14:1510/1510/15/21
HLBZ, GOOG, GOOGL
Helbiz (HLBZ) announced…
Helbiz (HLBZ) announced the integration of Google (GOOGL) Workspace to further enhance the security of its users' data and improve business efficiency. "As Helbiz employees work to revolutionize micro-mobility worldwide, they rely on Google to get their jobs done as quickly and efficiently as possible," Helbiz said. "Beginning today, Helbiz will benefit from the main security features of Google Workspace Enterprise Plus to protect company and user data with multi-layered security options such as comprehensive security and compliance tools, data loss prevention, advance anti-phishing and malware, two-step verification, while enterprise endpoint management will protect data in the event of device loss or staff turnover. Data from applications selected with Google Vault can be easily and securely stored and archived, while secure communication and collaboration in the cloud allow employees to effectively access, share and collaborate on documents in real time, with or without internet access. Like Google Cloud, Helbiz considers technological innovation to be one of its fundamental pillars. Leaning on Google Workspace to perform daily work in a fast, safe and effective manner is yet another step towards meeting its innovation goals."