Activision Blizzard to lay off 8% of workforce

13 February, 2019, 18:30 | Author: Mary Valdez
  • Activision-Blizzard reportedly planning hundreds of layoffs

Its up 0.37, from 1.2 in 2018Q2. Now shares of Activision Blizzard (NASDAQ:ATVI) have an average brokerage recommendation (ABR) of 1.52 number of Recs in ABR is 22 however the company's industry rank by ABR is out of 255. 663.95 million shares or 2.95% more from 644.93 million shares in 2018Q2 were reported.

Telos Cap Mngmt holds 0.74% or 27,797 shs.

In the past few months, Activision Blizzard has undergone significant change. Jane Street Grp Limited Liability stated it has 0.08% in Activision Blizzard, Inc. Fincl Counselors has 36,519 shs. Needham thinks that ATVI is worth Buy rating.

Activision Blizzard has confirmed it will begin laying off 'approximately 8%' of employees following rumours of staff cuts. On Monday, 11 February it has $68 or 69.53 % PT that gives a potential upside move. The positive are 50%.

Kotaku reported shortly after BlizzCon that the Blizzard had recorded a video with co-founder Allen Adham, in which he would confirm that Diablo 4 was in development but not yet ready for a public showing. The stock of Activision Blizzard, Inc. (NASDAQ: ATVI), there are now ratings available from 22 different stock market analysts who have all given their professional opinions.

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Activision Blizzard is just the latest gaming giant that is beginning to lose their hold in the market. The stock underperformed the S&P500 by 22.23%. It worked out pretty well, but even so the publisher said during today's earnings call that this year's Call of Duty-and yes, there's going to be one-will see the return of a campaign. Revenue for the recent quarter stood at $1.66 billion, down -13% on previous year and below the $1.66 billion predicted by analysts. In the second quarter past year, the firm recorded $0.41 earnings per share. (NASDAQ:ATVI) for 52.93 million shares. Bearing that in mind, this company is experiencing top-line progress, as its year-over-year quarterly revenue has grown by 2.30%. With the news of over 800 layoffs, it's a hard pill to swallow that there is already talk of bringing new faces in especially while so many Blizzard / Activision employees are suddenly faced with the unknown.

Amidst these layoffs, Activision Blizzard has increased the dividends it is paying to its shareholders by nine percent from 2018. Indeed, investors will be looking to whether the Santa Monica, California-based company posts strong digital revenues and growing profit margins following months of stock declines.

More notable recent Activision Blizzard, Inc.

Games produced by Blizzard, which include Overwatch, Hearthstone and World Of Warcraft, had 35 million players monthly.

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