Published: Tue, February 12, 2019
Economy | By

Activision is about to lay off hundreds of employees

Activision is about to lay off hundreds of employees

More notable recent Activision Blizzard, Inc. 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 past year". Signature Financial has 0.15% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: which released: "Activision Blizzard (ATVI) Q3 Earnings: What's in the Cards?" Needham thinks that ATVI is worth Buy rating. EPS is seen in a range of $0.36 to $0.64, against the $0.61 reported a year ago.

A total of 10 analysts rate Activision Blizzard (NASDAQ:ATVI) as follows: 5 "Buy", 5 "Hold" and 0 "Sell".

The report of lay offs comes just a few weeks after Activision hired a new CFO, Dennis Numan, and gave him a $15 million sweetener consisting of $11.3 million of restricted stock, a $3.75 million sign-on bonus, and that's alongside his $900K salary and a $1.35 million target bonus. This company's current market capitalization is 22.98B. On Friday, August 31 the company was downgraded by Bank of America. (NASDAQ: ATVI), there are now ratings available from 22 different stock market analysts who have all given their professional opinions. The stock has "Outperform" rating by Wedbush on Monday, October 1. On Thursday, December 6 JP Morgan upgraded the shares of ATVI in report to "Overweight" rating. The stock's traded 19.28 million shares in session while it holds an average volume of 11.99 million shares. It has underperformed by 22.23% the S&P500.

Bloomberg is reporting that Activision Blizzard is poised to cut hundreds of jobs at the Call of Duty publisher ahead of its quarterly earnings call this week, according to "people familiar with the matter" who wish to remain anonymous. For the past 5 years, The Company's EPS growth has been almost 3.40%. Previous year: $0.88; Analysts forcast: $1.22. For net profit, these analysts are collectively forecasting an average estimate of $1.21 per share, versus the $0.88 per share reported in the year-ago quarter. The firm operates through three divisions: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment.52.92 is the P/E ratio.

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices.

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