Activision Blizzard

Activision Blizzard was filled with excitement this morning when it announced that Diablo 3 had become the fastest-selling PC game of all time. But the company failed to realize that Diablo 3's success could come at the expense of its former cash cow, World of Warcraft. "The numbers were pretty...

The long-awaited Activision Blizzard epic moved more than 3.5 million copies during its first day of release. All told, the famed publisher has sold more than 6.3 million copies of Diablo 3. "We're definitely thrilled that so many people around the world were excited to pick up their copy of...

There will be plenty more quarterly reports this week for analysts and traders to peruse. On the schedule are Coca-Cola (NYSE: KO), Hasbro (NASDAQ: HAS), PepsiCo (NYSE: PEP), Time Warner (NYSE: TWX), Visa (NYSE: V), Walt Disney (NYSE: DIS), Whole Foods Market (NASDAQ: WFM) and Yum! Brands (NYSE:...

Many of the S&P 500 have already reported results for the most recent quarter. But lots of earnings reports are scheduled for this week. Among those reporting are General Motors (NYSE: GM), as well as the first of a wave of results from retailers: Macy's (NYSE: M), Kohl's (NYSE: KSS) and...

Bank of America has published a report on Activision Blizzard (NASDAQ: ATVI) reviewing the second quarter for the game developer, and raising the price target to $13.50. In the report, Bank of America wrote, "Call of Duty is the franchise gift that keeps on giving and digital revenues, driven by...

Piper Jaffray is out with its report today on Activision Blizzard (NASDAQ: ATVI), assuming coverage on ATVI at Neutral. In a note to clients, Piper Jaffray writes, "We are assuming coverage of ATVI with an unchanged Neutral rating and $13 price target. With the exception of the annual COD release...

Sterne Agee reiterated its Buy rating on Activision Blizzard (NASDAQ: ATVI). At the same time, Sterne Agee left its price target on the company's stock unchanged at $15. On Tuesday, Activision added 1.85% to its value to end the day at $11.59.

According to Goldman Sachs, Activision Blizzard (NASDAQ: ATVI) estimates and price target remains unchanged. Goldman Sachs said that GameStop management commented today to industry press on trends for Activision's Call of Duty: Modern Warfare 3 (MW3), noting “accelerating” and “record” pre-sales....

Goldman Sachs is out with its report today on Activision Blizzard (NASDAQ: ATVI), resuming Coverage on ATVI at Buy. In a note to clients, Goldman Sachs writes, "We resume coverage of ATVI shares with a Buy rating and 17% upside to our $13 price target. Activision offers 8% and 20% 2011-2013E...

Call of Duty for a monthly fee? Not just yet. While rumors persist that Activision Blizzard (NASDAQ: ATVI) is trying desperately (perhaps secretly) to convert the Call of Duty series from a $60 disc to a subscription-based offering, the company's CEO barely acknowledges the idea. “We don't spend a...

Deutsche Bank says that it recommends Activision Blizzard, Inc. (NASDAQ: ATVI) shares as the best way to play the interactive entertainment sector, since ~2/3rds of yearly profits come from Blizzard. “A|B had a strong holiday season driven by Call of Duty and WoW: Cataclysm,” Deutsche Bank writes...

Piper Jaffray expects video game publishers and retailers will report material upside to December quarter sales and earnings relative to consensus. “Management teams took advantage of modest investor expectations and provided exceptionally low guidance for the holiday quarter, in our opinion,”...

Piper Jaffray published its Video Games, Toys & Specialty Consumer update today. In a note to clients, Piper Jaffray writes, "Holiday video game sales are up over last year according to 65% of our respondents. Holiday video game sales are up 1% Y/Y on average driven in part by hardware and...