Activision Blizzard Reportedly Planning Massive Layoffs - Battle Royale

Activision Blizzard is facing mass layoffs next week according to reports

Activision Blizzard is facing mass layoffs next week according to reports

It's not been long since Bungie split from their long-term Destiny partners Activision Blizzard, and now the publisher is facing even more woes - apparently hundreds of staff are at risk of being laid off. Under Armour shares have jumped 18% so far this year, while Nike rose 12%, Lululemon soared 23% and Adidas was up 8%.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. They issued a neutral rating and a $50.00 target price for the company. (ATVI) moved -1.25 % (Loss, ↓) in the last trading day finalized at the price of $43.41 on 08-02-2019 (Friday). This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.

Notable Technical and Performance analysis of the Activision Blizzard, Inc. This short time frame picture represents a downward movement of current price over average price of last 20 days.

A price target is the projected price level of a financial security stated by an investment analyst or advisor and includes assumptions of future activity. To put some perspective around this, the industry's average net margin is 24.92%. The stock has a debt/capital of 0.25. Activision Blizzard said that in 2018, Call of Duty retained its title of being the best-selling game among titles on consoles. Analysts expect Activision's sales to decline by about 2 percent this year, to $7.28 billion but two new games launched by the company Overwatch and Hearthstone, have been seeing flat or declining numbers of users in past months.

Activision reported a net income of $650 million, or 84 cents per share in the fourth quarter ended December 31, compared to a loss of $584 million, or 77 cents per share, a year earlier when it recorded a charge related to USA tax laws. The company made Return on equity of 5.70% in last 12 months period. That was better than consensus for $0.5. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content. Revenue for the recent quarter stood at $1.66 billion, down -13% on past year and below the $1.66 billion predicted by analysts. EPS growth in next year is estimated to reach -1.85% while EPS growth estimate for this year is set at -7.00%.

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