|Bid||123.60 x 800|
|Ask||124.30 x 1000|
|Day's Range||123.62 - 126.13|
|52 Week Range||91.27 - 131.77|
|PE Ratio (TTM)||77.69|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||137.20|
Take-Two had accused David Zipperer of selling computer programs called Menyoo and Absolute that let users of the "Grand Theft Auto V" multiplayer feature Grand Theft Auto Online cheat by altering the game for their own benefit, or "griefing" other players by altering their game play without permission. U.S. District Judge Louis Stanton in Manhattan said Take-Two was likely to show that Zipperer infringed its "Grand Theft Auto V" copyright, and that his programs would cause irreparable harm to its sales and reputation by discouraging users from buying its video games. Stanton also said an injunction would serve the public interest by encouraging Take-Two to invest more in video games and was appropriate because of the "high risk" that Zipperer, who claimed to be unemployed, could not afford damages.
A federal judge on Thursday awarded Take-Two Interactive Software Inc (TTWO.O), the maker of the "Grand Theft Auto" series, a preliminary injunction to stop a Georgia man from selling programs that it said helps players cheat at the best-selling video game. Take-Two had accused David Zipperer of selling computer programs called Menyoo and Absolute that let users of the "Grand Theft Auto V" multiplayer feature Grand Theft Auto Online cheat by altering the game for their own benefit, or "griefing" other players by altering their game play without permission. U.S. District Judge Louis Stanton in Manhattan said Take-Two was likely to show that Zipperer infringed its "Grand Theft Auto V" copyright, and that his programs would cause irreparable harm to its sales and reputation by discouraging users from buying its video games.
Electronic Arts (EA) has sold more than 130 million units since of the release of the franchise. The company cited strong weekend sales of the latest title as the key catalyst.
PiperJaffray is upbeat about all three—Take-Two, Activision Blizzard (ATVI) and Electronic Arts (EA), all of which are Barron’s Next 50 stocks—with “overweight ratings” on each of the companies. The analysts cited optimism about the coming “Read Dead Redemption” game and “re-acceleration in recurrent consumer spend.” At Activision, PiperJaffray wrote, its crucial Call of Duty Black Ops 4 game “will perform well, despite a crowded title slate.” (Last year’s “Call of Duty” installment was the biggest game of 2017.) Barron’s Next took a look at what’s coming in the second half of the year back in June. PiperJaffray cited a survey of about 300 gamers, asking them to name the games they were most excited about playing over the coming year.
All three had impressive results last quarter, and there's more to come.
Many investors were expecting muted results from the video-game publisher, but its flagship game is still going strong.
Shares of Boyd Gaming also saw a slight jump after the company announced last week that it had opened sports books in two Mississippi properties and that it had partnered up with FanDuel Group. "The debut of our sports books in Mississippi, together with our recently-announced strategic partnership with FanDuel Group, are important milestones for our Company as we begin to participate in the expansion of sports betting across the United States," said CEO Keith Smith.
"Grand Theft Auto" video game publisher Take-Two Interactive Software popped higher on Friday after reporting better-than-expected June-quarter results late Thursday.
Medifast stock was the big winner on Wall Street Friday as major stock indexes were narrowly mixed. Nu Skin, tracked in the same industry group as Medifast, also soared.
Networking stocks, diet plan leader Medifast and video-game maker Take-Two Interactive staked early leads Friday, bolstering stocks after weak July payrolls data.
The market was subdued Friday after the Labor Department reported an increase of 157,000 jobs in the U.S. economy in June.
Call it the “Red Dead Early Redemption.” On Thursday night, Take-Two Interactive (TTWO) reported fiscal Q1 financial results, turning in numbers that beat Wall Street’s quarterly revenue and EPS estimates. “Fiscal 2019 is poised to be another year of profitable growth for Take-Two, and we expect to deliver record operating results, CEO Strauss Zelnick said in a statement. Take-Two, meanwhile, is launching “Red Dead Redemption 2” in late October—with other important games also coming later this year—and isn’t exactly trying to tamp down expectations for it.
Among the companies with shares expected to trade actively in Friday's session are American International Group, CBS, Kraft Heinz, Take-Two Interactive and Dish Network.
What Now? The Dow Jones Industrial Average was little changed this morning following a mildly disappointing payrolls report. As the U.S. trade deficit increase, China laid out how it would respond to additional ...
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / U.S. equities finished mostly higher on Thursday as Apple breaching the 1 trillion dollar valuation plateau offset the ongoing trade concerns between the U.S. ...
Take-Two reports earnings and sales above the average analyst estimates for its June quarter.
CEO Strauss Zelnick cites strong sales from "Grand Theft Auto Online" and "NBA 2K18" for the out-performance. Investors are loving Take-Two Interactive's TTWO latest financial results. "Fiscal 2019 is off to a solid start, with first quarter operating results that exceeded our expectations," CEO Strauss Zelnick said in a statement Thursday.