February 17, 2019

Activision-Blizzard reportedly planning hundreds of job-cuts

12 February 2019, 11:41 | Joann Bryant

Report: Activision Blizzard to lay off hundreds of staff – TheSixthAxis

Activision is about to lay off hundreds of employees

It has change of 0.37, from 2018Q2's 1.2. 122 funds acquired stakes and 269 increased stakes. Investors holded 644.93 million in 2018Q2 but now own 663.95 million shares or 2.95% more. Gilman Hill Asset Mngmt Ltd invested in 0.09% or 2,648 shs.

Activision Blizzard's troubles may be tied to the larger gaming landscape. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Activision could be vulnerable to more downgrades, too.

It is reported that Activision Blizzard are set to axe "hundreds" of employees as a result of poor financial showings. (NASDAQ:ATVI). Montrusco Bolton Investments holds 0.88% or 172,076 shs. The stock has a debt/capital of 0.25.

Captrust Fincl Advsrs holds 4,828 shs or 0.02% of its capital. This has forced the titan publishers like Activision, which experienced a decline in audience size, to shift their strategy.

Note: The author previously worked for Activision Blizzard. (NASDAQ:ATVI) for 10,061 shares.

Epic Games's "Fortnite" has been a thorn in the side for Activision Blizzard. (NASDAQ:ATVI) news were published by: which released: "Activision Blizzard (ATVI) Q3 Earnings: What's in the Cards?" However, Kotaku reports that job-cuts have been in the offing for Activision-Blizzard for a while: "There's been no official news from the publisher yet, but we first heard word of upcoming layoffs late a year ago".

Analysts are already responding to the bad news, with Benchmark dramatically cutting its price target to $68 from $87.

The loss of Destiny is speculated to cost Activision over $400 million in revenue by 2020, and shares dropped as much as 2.5 percent last Friday. Тherefore 50% are bullish. (NASDAQ:ATVI). Glenmede Tru Na reported 4,706 shs or 0% of all its holdings. The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.57 and a beta of 0.92. They issued a neutral rating and a $50.00 target price for the company. The stock has "Overweight" rating by KeyBanc Capital Markets on Wednesday, October 31. On Thursday, December 6 the rating was upgraded by JP Morgan to "Overweight". During the trading session, a total of 44.62 million shares were traded which represents a -272.18% decline from the average session volume which is 11.99M shares. The stock underperformed the S&P500 by 22.23%.

Layoffs are likely to be announced by mega publisher Activision Blizzard, owners of Call of Duty and Overwatch, at their investor call tomorrow, February 12th. Activision Blizzard, Inc. has the potential to record 1.58 EPS for the current fiscal year, according to equities analysts. The firm operates through three divisions: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment.52.92 is the P/E ratio. The price at which a seller projects that a buyer will buy a product.

Other News

Trending Now

Juventus confirm signing of £400k-a-week Aaron Ramsey
A statement from Arsenal read: "Everyone at Arsenal Football Club wishes Aaron Ramsey a happy and successful future". The 28-year-old declined a contract offer from Arsenal back in September and will move to Italy in a free transfer.

Offset Releases Footage of Cardi B Giving Birth in New Album Trailer
In a since-deleted video on her Instagram Story, the "I Like It" singer thanked Tom Petty for the flowers and "beautiful note"... The little one had already mastered calling Offset "papa" so hearing her name was a huge moment for her 7-month-old baby.

EPL: Sergio Aguero named 'greatest goalscorer' in Premier League history
Aguero completed his hat-trick from the penalty spot after the break and Sterling finished the rout late on. Carragher stated this after Manchester City thrashed Chelsea 6-0 in Sunday's Premier League encounter.

Ellen DeGeneres shaves off Julian Edelman's beard
Degeneres made Edelman an offer: I'll donate $10,000 to the Boys & Girls Clubs of Boston if you let me shave the beard right now. While Patrick Mahomes and Co. still managed to hang 31 points, their most explosive offensive player was a total non-factor.

In Revolution anniversary speech, Rouhani lays claim to Bahrain, other neighbors
Iran's 1979 Islamic Revolution initially inspired both Islamic militants and Islamists across the Mideast. Iranians march towards Azadi Square during Monday's rally.

England World Cup-winning goalkeeper Banks dies
We are devastated to lose him but we have so many happy memories and could not have been more proud of him . It said: "It is with great sadness that we announce that Gordon passed away peacefully overnight".

Meghan Markle's Father Shares Alleged Letter From the Duchess
Thomas Markle may have just sabotaged any remaining possibility of a relationship with his estranged daughter, Meghan Markle . Doug Peters/EMPICS Entertainment The Duke and Duchess of Sussex arriving at the Endeavour Fund Awards at Drapers Hall, London.

Sprint sues AT&T over 'misleading' 5G E icon
Sprint and T-Mobile, in comparison, don't expect their mobile 5G networks to get off the ground until the second half of the year. The operator said it will fight the lawsuit while continuing to deploy 5G Evolution in addition to standards-based mobile 5G.

NASA's faraway space snowman has flat, not round, behind
The space rock called 2014 MU69 , and nicknamed Ultima Thule , is located 4 billion miles from Earth. The "departure" movie comprising 14 shots taken by New Horizons during its flyby of Ultima Thule .

Combatting Trump, Two States Pull National Guard Troops From the Border
The Times quoted the speech asserting, "The Border "emergency" is a manufactured crisis ". According to the governor's office, the troops will be pulled back by March 31.