Activision Blizzard Reportedly Planning Massive Layoffs - Battle Royale

Activision is about to lay off hundreds of employees

Activision is about to lay off hundreds of employees

Most Important details of Activision Blizzard, Inc.

Among the traditional giant publishers, Activision Blizzard is not alone in its woes: The Bloomberg report notes that Electronic Arts' share price fell by 13 percent earlier this week following a report of disappointing sales, and Take-Two Interactive also tumbled after forecasting sales for the quarter that were below analyst forecasts. (NASDAQ:ATVI). Riverhead Cap Limited Co stated it has 0.04% in Activision Blizzard, Inc. On Monday, October 15 Barclays Capital upgraded Activision Blizzard, Inc.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 8th. That's up 38.64 % from last year's $0.88 earnings per share.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 11 advised investors to purchase the stock. CEO of Activision Erich Hirshberg and Mike Morhaime, the boss of Blizzard, both left, while in the beginning of the year, Activision revealed it was firing its CFO Spencer Neumann. On Friday, January 11 the firm earned "Overweight" rating by KeyBanc Capital Markets. On Friday, August 31 the company was downgraded by Bank of America. ATVI stock price current trend is considered bearish. The stock has "Outperform" rating by Wedbush on Monday, October 1.

The overall total volume in the last trading session was 19229980 shares while it's while its relative trading volume is 1.61. Since February 12, 2018 ATVI has declined 22.23% and is downtrending.

In 2018, Blizzard was focused on cost-cutting and employees were instructed to cut budgets, according to Kotaku on Saturday, Feb. 9. ATVI underperformed the S&P500 by 22.23%.

Activision Blizzard is set to report earnings for the all-important holiday quarter tomorrow, Tuesday February 12, and things aren't looking good at this stage. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). For the past 5 years, The Company's EPS growth has been almost 3.40%.

Despite this, Activision Blizzard still stands as one of the largest developer and publisher in the video game industry. The firm operates through three divisions: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment.52.92 is the P/E ratio.

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