Activision Makes Large Leaps in Value in Recent Quarters reports iSkyLanders
French parent company hints at possible sell of profitable subsidiary
(EMAILWIRE.COM, March 12, 2013 ) San Francisco, CA -- Thanks to the latest in “Skylanders” and the Call of Duty franchise, Activision Blizzard, who is already the largest U.S. video-game maker has now seen incredibly large gains in recent quarters.
The stock soared 11% from $13.41 recently for the largest jump in value since 2008. The rise came after the company reported its earnings tripled in the fourth quarter of 2012. Shares have now gained 6.9% in the past year, while the Russell 1,000 index added 13% on top of its previous value.
Activision weathered a difficult industry decline by updating its top sellers and creating development on new franchises, recently stating that it could be considering “substantial” stock repurchases in the coming year. The Santa Monica-based company announced its third installment of “Skylanders”, and the franchise as already netted over $1 billion in total revenue.
“‘Skylanders’ success can no longer be ignored and its 2013 iteration appears very strong,” Ben Schachter, a Macquarie Group analyst, wrote in an investor note today.
“The biggest surprise was new language in the announcement on potential capital returns, acquisitions and debt,” said Schachter, who upgraded the shares to outperform from neutral.
Chief Executive Officer Bobby Kotick has been leading the charge for Activision since 1992. The company now has 61% of its ownership allocated to Paris-based Vivendi SA, which is also the parent company of Universal. The French conglomerate has been feeling pointed pressures from its investors to find a way to boost share prices, and Jean-Rene Fourtou, who sits as Chairman of the company, stated “It's a possibility” that Activision will be sold.
About iSkylanders:
iSkylanders (http://www.iskylanders.com/) provides customers with information and products for the increasingly popular Skylanders series. Find the toys you are looking for at ISkylanders.com today.
The stock soared 11% from $13.41 recently for the largest jump in value since 2008. The rise came after the company reported its earnings tripled in the fourth quarter of 2012. Shares have now gained 6.9% in the past year, while the Russell 1,000 index added 13% on top of its previous value.
Activision weathered a difficult industry decline by updating its top sellers and creating development on new franchises, recently stating that it could be considering “substantial” stock repurchases in the coming year. The Santa Monica-based company announced its third installment of “Skylanders”, and the franchise as already netted over $1 billion in total revenue.
“‘Skylanders’ success can no longer be ignored and its 2013 iteration appears very strong,” Ben Schachter, a Macquarie Group analyst, wrote in an investor note today.
“The biggest surprise was new language in the announcement on potential capital returns, acquisitions and debt,” said Schachter, who upgraded the shares to outperform from neutral.
Chief Executive Officer Bobby Kotick has been leading the charge for Activision since 1992. The company now has 61% of its ownership allocated to Paris-based Vivendi SA, which is also the parent company of Universal. The French conglomerate has been feeling pointed pressures from its investors to find a way to boost share prices, and Jean-Rene Fourtou, who sits as Chairman of the company, stated “It's a possibility” that Activision will be sold.
About iSkylanders:
iSkylanders (http://www.iskylanders.com/) provides customers with information and products for the increasingly popular Skylanders series. Find the toys you are looking for at ISkylanders.com today.
Contact Information:
Iskylanders.com
Customer Service
Tel: 4156676545
Email us
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Iskylanders.com
Customer Service
Tel: 4156676545
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.