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TAKE-TWO INTERACTIVE SOFTWARETAKE-TWO INTERACTIVE SOFTWARETAKE-TWO INTERACTIVE SOFTWARE

TAKE-TWO INTERACTIVE SOFTWARE

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TTWO trade ideas

TTWO surprises with beat on earnings and raised guidance. Somewhat out of the blue but yesterdays earnings beat and then raising of guidance is somewhat of a surprise after the dome and gloom that hampered the sector for the previous 3 quarters. Take-Two Interactive Software Inc. shares rose more than 6% in the extended session Monday following a brief halt, after reporting quarterly revenue that topped consensus estimates. EARNINGS HIGHLIGHTS- source marketwatch The videogame maker reported fiscal first-quarter net income of $46.3 million, or 41 cents a share, compared with $71.7 million, or 62 cents a share, in the year-ago period. Take-Two did not provide an adjusted earnings figure but sent out instructions to reporters on how to calculate it. Revenue rose to $540.5 million from $388 million in the year-ago period. Bookings grew 46% to $422.2 million. Analysts surveyed by FactSet had estimated Take-Two’s TTWO, -5.19% adjusted earnings of 4 cents a share on bookings of $357 million. Several large videogame companies, such as Electronic Arts Inc. EA, -4.63% and Activision Blizzard Inc. ATVI, -5.96% , use bookings instead of revenue in order to capture online sales and revenue generated by selling physical units of the games they make. For the fiscal second quarter, analysts expect adjusted earnings of $1.71 a share on sales of $852 million. The company said it was raising its fiscal 2020 outlook to earnings of $1.04 to $1.14 a share on sales of $855 million to $905 million. It said it expects bookings of $860 million to $910 million. Take-Two stock slumped in regular trading Monday but has gained 12.4% this year, with the S&P 500 index SPX, -2.98% rising 17%. AVERAGE ANALYSTS PRICE TARGET $126 AVERAGE ANALYSTS RECOMMENDATION buy P/E RATIO 39 SHORT INTEREST 3.7% COMPANY PROFILE Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.
NASDAQ:TTWOLong
by RedHotStocks
TTWO attracts the interest of option traders, July expiryTake-Two Interactive saw options trading volume of 6,327 contracts, representing approximately 632,700 underlying shares or approximately 45.3% of TTWO's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $125 strike call option expiring July 05, 2019, with 2,315 contracts trading so far today, representing approximately 231,500 underlying shares of TTWO. This is also unusual in the fact that TTWO is within a out of favour sector but maybe that's about to change. COMPANY PROFILE Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.
NASDAQ:TTWO
by RedHotStocks
Short video games post earningsTTWO closed higher today following a mixed earnings report and soft guidance. The stock briefly traded down to $95 post-close yesterday before rallying through today's session. Highly-correlated competitors, EA and ATVI, also posted nice daily gains as investors seem generally optimistic on the video game sector. However, this chart of the top three names in the space looks like a good selling opportunity now that we're through earnings. Using TradingView's advanced charting abilities, I created a composite of TTWO, EA, and ATVI which is indexed to 30,000. The sector had been in a strong, tight uptrend dating back to 2012 before breaking through trendline support as well as the 200-day moving average last October. Despite today's strong performance, we can see that the composite is still trading below the moving average and is contained within a contracting range. I believe the ongoing sideways price action is a Wave 4 triangle within an impulsive sequence off the high. Look for the sector to stall in coming weeks and break lower in Wave 5 - a move which should net at least 10% to the downside. Initiating short positions on TTWO, EA, and ATVI as long as the composite stays below the 200-day moving average.
NASDAQ:TTWOShort
by UnknownUnicorn182749
$TTWO Bullish indicators and Analysts into Monday's Earnings.Expectations have been rising in TTWO for this earnings season, even analysts are raising targets pre earnings which is positive. Although its competitors have had very erratic responses to good earnings, we believe that TTWO will provide a good return on an investment pre earnings. From the charting perspective it is clear that momentum is back with the bulls and breaking above the ICLOUD is a very positive sign,, a;; indicators are positive with plenty of room to run to the upside. We will probably wait until the market hopefully stabilizes on Monday before entering a long Analysts Average recommendation BUY Average target $123 14 Buy 3 Overweight 2 Hold 1 Sell Company Description Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States; Europe; Asia Pacific; and Canada and Latin America.
NASDAQ:TTWOLong
by RedHotStocks
Long - Take-Two Interactive (TTWO)- NASDAQ:TTWO broke above a falling wedge pattern in place since last summer - Prices are trading above their 20-day and 50-day EMA - MACD finally turned positive - Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards) - Target is set at an overlap level the 200-day EMA (20%) with a stop-loss at the low (8.25%)
NASDAQ:TTWOLong
by yacine.ouldchikh