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Unity Software Inc.Unity Software Inc.Unity Software Inc.

Unity Software Inc.

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5/9/24 - $u - careful here on valuation/ guide - i pref. sub $205/9/24 - vrockstar - the question for me here is more about "at what point would i buy it" - let's be honest guys it's not cheap. they have debt. they don't make much $, a lot of stock comp. RBLX on the mgn doesn't help the factor this wk. the expectation into print is defn low and guidance is all that matters - which is hard to bite on given all the other software that even if want to provide a +ve update are err'ing on the side of conservatism. so back to the question - what to pay? let's imagine for a moment '24 really is trough EPS and we can sit on that '25 EPS of a buck as gold. what's this worth? 20-25x? well that's where we are today. 5-6x sales too and again, we have to 1) get thru this trough year and 2) hope it doesn't get worse and 3) we can all agree on 2025 (the market is just that - some agree some dont). all in, if i owned it... i'd probably cut size if not all together and look for a better entry. i do think something just shy of 20$ is probably a decent medium term risk reward. mid to high teens, say $17-18 and i think you can expect bigger and committed buyers to come in and could size up (all things equal). pls be safe on this print.
NYSE:U
by VROCKSTAR
7
Unity Software IncUnity Software stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's Worldwide Developers Conference. Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday. "We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures." Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at a Apple WWDC in 2005 in regards to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio. On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates for $477.67, per Bloomberg data. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting. Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner. "AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part for the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry."
NYSE:ULong
by moonypto
4
UNITY - WHALES ARE STARTING TO ACCUMULATEAfter the initial IPO the likes of Cramer and ARK invest were raving about the future of Unity Software. Whales sent this up during the bull market mania, only to distribute it- leaving bag holders down approximately 90% from the all time high, with almost three years of selling pressure. Brutal The shakeout is almost complete, we could have one final shakeout to stop-out the last bulls before we start to move back up. Alternatively, we could continue to trade in this range and slowly grind up with the potential pivot on the horizon. No FOMO, only looking to catch this once there is a sign of strength coming back into this stock. I don't care too much about the fundamentals, this is purely a technical analysis.
NYSE:ULong
by NoFOMO_
19
UNITY - Accumulation SchematicsAfter the initial IPO the likes of Cramer and ARK invest were raving about the future of Unity Software. Whales sent this up during the bull market mania, only to distribute it- leaving bag holders down approximately 90% from the all time high, with almost three years of selling pressure. Brutal The shakeout is almost complete, we could have one final shakeout to stop-out the last bulls before we start to move back up. Alternatively, we could continue to trade in this range and slowly grind up with the potential pivot on the horizon. No FOMO, only looking to catch this once there is a sign of strength coming back into this stock. I don't care too much about the fundamentals, this is purely a technical analysis.
NYSE:U
by NoFOMO_
9
$U - Too many uncertainty. ER is importantNYSE:U (Unity) broke below the long-term support. Breaking down below $22 would be quite bad for the stock. It desperately needs a bounce for the bulls. There are too many uncertainties with the stock: - Lack of announcement for a permanent CEO. - Interest rates - The impact of Sora and other AI tools. The company needs to announce a new permanent CEO or appoint Whitehurst as a permanent CEO. There is no reason to keep that uncertainty around for more than two quarters.
NYSE:U
by PaperBozz
2
Unity Software Faces Turbulence as Forecast DisappointsUnity Software (NYSE: NYSE:U ), once lauded for its innovative toolkit used by video game developers worldwide, finds itself grappling with challenges as its latest forecast falls short of expectations, sending its stock tumbling in Premarket trading but shortly consolidated and surged by 5.69% hours later. In premarket trading on Tuesday, Unity Software ( NYSE:U ) shares plummeted by 15%, reflecting investor dismay over the company's gloomy outlook for 2024. Despite previous attempts to navigate choppy waters, Unity's anticipated turnaround seems to be encountering delays, signaling a longer road to recovery than initially anticipated. The company's 2024 projections, announced recently, failed to meet Wall Street estimates, exacerbating concerns about its future trajectory. With revenue forecasts ranging between $1.76 billion and $1.80 billion, notably below analysts' expectations of $2.31 billion, Unity Software ( NYSE:U ) faces mounting pressure to regain its footing in a fiercely competitive landscape. Unity's strategic "reset" initiative, unveiled in November following a developer revolt triggered by proposed pricing changes, aimed to realign the company's trajectory. This multi-phase plan includes workforce reductions and a concerted effort to reignite revenue growth, with expectations pinned on a resurgence in the latter half of 2024. However, challenges persist on multiple fronts. The company's "Grow" business segment, crucial for customer expansion and monetization, faces intensified competition, hindering revenue growth. Analysts at Piper Sandler note ongoing pressure stemming from the portfolio reset and heightened competitive dynamics within this segment. Moreover, Unity's operations in China, a pivotal market for game development, encounter headwinds due to regulatory restrictions. The impact on its "Create" segment, primarily comprising developers based in China, underscores the complexities of navigating geopolitical uncertainties. Unity's response to these headwinds has been decisive but consequential. In January, the company announced its largest layoffs to date, affecting approximately 1,800 employees, as part of efforts to streamline operations and manage costs. However, such measures come with significant financial implications, with an estimated $195 million earmarked for employee separation costs in the first quarter alone. As Unity Software ( NYSE:U ) navigates this turbulent period, investor sentiment remains cautious. The company's ability to execute its turnaround strategy effectively, amidst competitive pressures and regulatory challenges, will be closely scrutinized in the coming months. For stakeholders, the path forward hinges on Unity's capacity to adapt, innovate, and regain its competitive edge.
NYSE:ULong
by DEXWireNews
$U: Long the AR/VR FutureMETA stock is so expensive as is AAPL. NYSE:U is your best second-order play on the AR/VR future at a cheap price, not pricing in any growth at this point really, very downbeat and pessimistic pricing on this stock. Unity Software is positioned for significant growth in the VR/AR gaming sector, fueled by the expanding ecosystems of tech giants like Apple and Meta. Unity has established strong partnerships with both Apple and Meta, enabling seamless integration of its platform with their VR/AR technologies. This collaboration enhances Unity's reach and accessibility within these growing ecosystems. Unity is a leader in providing tools and services for game developers, making it a go-to platform for creating immersive VR/AR experiences. As Apple and Meta continue to invest heavily in this space, Unity stands to benefit from increased demand for its solutions. With the rising popularity of VR/AR gaming, Unity's revenue streams are poised to expand significantly. The company's diversified business model, including licensing fees, advertising, and in-app purchases, positions it well to capitalize on the growing market. Unity's commitment to innovation and ongoing research and development efforts ensure that it stays at the forefront of technological advancements in VR/AR gaming. This focus on cutting-edge solutions will help sustain its competitive edge in the industry. With the recent massive uptick in VR/AR, this should be trading at ATH, not at depressed valuations. Easy, easy, buy and hold here.
NYSE:ULong
by wantonwallet
1