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Fly News Breaks for May 9, 2018
EA
May 9, 2018 | 08:25 EDT
MKM Partners analyst Eric Handler raised his price target on Electronic Arts to $144 and kept his Buy rating after the company's "solid" Q4 earnings beat "across all key metrics". The analyst further notes that the company's initiated FY19 non-GAAP EPS view of $4.85 was likely "conservative" and sees "multiple levers" that can drive its outperformance.
News For EA From the Last 2 Days
EA
Jun 19, 2018 | 12:28 EDT
Welcome to "Game On," The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This week's major release is Nintendo's (NTDOY) "Mario Tennis Aces," a tennis game featuring characters from the "Mario" franchise that launches this Friday on Nintendo Switch consoles. PIPER STILL BULLISH AFTER E3: Following last week's Electronic Entertainment Expo, or E3, Piper Jaffray analyst Michael Olson maintained Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO). Olson noted that the release slate for the second half of the year "just got more crowded" after big publishers announced major releases for later in the year, including Bethesda's "Fallout 76" and Ubisoft's (UBSFY) "Assassin's Creed Odyssey," which are both slated for fall rollouts. The analyst believes that the major releases from the "big three" publishers will "hold up competitively," but these additional titles in the pre-holiday window could limit upside in some cases. GAMESTOP CONFIRMS TALKS: GameStop (GME) confirmed earlier reports that it is engaging in "exploratory discussions with third parties regarding a potential transaction." The company noted in a statement that there is "no assurance" that any agreement will result from these talks. Reuters reported Monday afternoon that the video game retailer was holding talks with private equity firms about a potential deal after receiving buyout interest. WHO CLASSIFIES 'GAMING DISORDER': Meanwhile, the World Health Organization released its new International Classification of Diseases on Monday, in which the organization now classifies "Gaming Disorder" as a disorder due to addictive behaviors. According to the WHO's new ICD, Gaming Disorder is "characterized by a pattern of persistent or recurrent gaming behavior, namely digital gaming or 'video-gaming, which may be online or offline, manifested by: impaired control over gaming; increasing priority given to gaming to the extent that gaming takes precedence over other life interests and daily activities; and continuation or escalation of gaming despite the occurrence of negative consequences."
EA
Jun 18, 2018 | 12:13 EDT
The World Health Organization released its new International Classification of Diseases, in which the organization classifies "Gaming Disorder" as a disorder due to addictive behaviors. According to the WHO, Gaming disorder is characterized by a pattern of persistent or recurrent gaming behaviour, namely digital gaming or'video-gaming, which may be online or offline, manifested by: impaired control over gaming; increasing priority given to gaming to the extent that gaming takes precedence over other life interests and daily activities; and continuation or escalation of gaming despite the occurrence of negative consequences. The behaviour pattern is of sufficient severity to result in significant impairment in personal, family, social, educational, occupational or other important areas of functioning, WHO said. "The pattern of gaming behaviour may be continuous or episodic and recurrent," according to the new ICD. "The gaming behaviour and other features are normally evident over a period of at least 12 months in order for a diagnosis to be assigned, although the required duration may be shortened if all diagnostic requirements are met and symptoms are severe." Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Microsoft (MSFT), Nintendo (NTDOY), Zynga (ZNGA), Sony (SNE), Ubisoft (UBSFY), and Tencent (TCEHY). Reference Link
EA
Jun 18, 2018 | 07:35 EDT
Notable call activity was cited Friday in Ford (F), General Motors (GM), Electronic Arts (EA), Geron (GERN), (SOGO), and Navistar (NAV).
EA
Jun 18, 2018 | 07:33 EDT
KeyBanc analyst Evan Wingren raised his price target for Electronic Arts to $168 from $152 as he believes guidance appears to be prudently conservative on live service revenue from FIFA, Battlefield, Anthem, and Star Wars, which sets EA up well to continue to exceed expectations and drive a higher valuation. The analyst reiterates an Overweight rating on the shares.
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