#6 - Activision Blizzard (NASDAQ:ATVI)
Activision Blizzard (NASDAQ: ATVI) - If you’re like many people, you’ll probably be watching people playing Fortnite over the next few weeks. If you’re a shareholder of Activision, all those times should be a reminder of why you want to sell, sell, and sell. The free, online adventure game has seen its user base expand by 125 million players in less than a year. And despite it being free, it generated over $300 million in revenue for the month of May. ATVI, by contrast, brought in $550 million from its entire catalog of gaming titles. Gaming is an industry of “what have you done for me lately”? And Activision was ruling the roost when their online adventure game Call of Duty was ruling the roost. The problem? Games like Call of Duty and Black Ops require PC-client software. Fortnite does not. Nor does it require an expensive graphics card. This is a seismic industry switch that ATVI has yet to respond to. Will they? Perhaps. The exciting appeal of the gaming sector is that there will always be the next thing. However, with ATVI trading at 66 times earnings, it may be wise to sell the stock during this fortnight and wait to see what the first quarter of 2019 brings.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.
Read More - Current Price
- $94.42
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
