Activision Blizzard Reportedly Planning Massive Layoffs

Kenny Grant
February 12, 2019

The stock decreased 7.60% or $3.3 during the last trading session, reaching $40.11.

As a general matter investors should not rely exclusively on an analyst's recommendation when deciding whether to buy, sell or hold a stock. Analysts are expecting that the company may be attaining earnings growth of 9.14% for next five years. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: "Activision Blizzard (ATVI) Q3 Earnings: What's in the Cards?" It would also be proof that nobody is exempt from these conditions, including massive companies like Activision Blizzard. On Monday, October 15 Barclays Capital upgraded Activision Blizzard, Inc. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03).

Earnings Expectations: If we take an observation in front to the next coming days, Street analysts have hope earnings growth of -7.00% for this year and may be getting earnings growth of 0.38% for next year. The firm's revenue was down 12.6% compared to the same quarter a year ago. (NASDAQ:ATVI). Tiverton Asset Management Ltd Llc owns 20,388 shares or 0.08% of their U.S. portfolio. - Nasdaq" on November 05, 2018, also Seekingalpha.com with their article: "Act Now And Buy Activision Blizzard - Seeking Alpha" published on December 07, 2018, Investorplace.com published: "Monday’s Vital Data: "Activision, General Motors and Tilray - Investorplace.com" on January 14, 2019.

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Large investors have recently modified their holdings of the business. Fidelity Management Research Co bought more COTY shares, increasing its portfolio by +6.41% during the last quarter. On Friday, August 31 Bank of America downgraded Activision Blizzard, Inc. (NASDAQ:ATVI) has been pegged with a rating of Buy by The Benchmark Company in its latest research note that was published on February 11th, 2019.

Tracking the closing price and 52-week high, the current price movement shows that the stock price positioned negative when compared against the 52-week high. The company's average trading volume now stands at 11.69M shares, which means that the short-interest ratio is just 5.79 days. The company has a current ratio of 2.09, a quick ratio of 2.01 and a debt-to-equity ratio of 0.25.

Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers, and mobile devices.The firm is worth $30.61 billion. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.

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