This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Company Profile: Majesco Entertainment makes video games mainly for the family-oriented, mass-market consumer.
Majesco's incredible run this year started on Jan. 11 when the company announced it had shipped more than 500,000 copies of its
Zumba Fitness video game title for the Wii, Xbox 360 and PlayStation 3. In late January, the company announced that it regained compliance with the Nasdaq's minimum bid price requirement for continued listing.
In early March, shares of Majesco climbed higher after the company posted better-than-expected fiscal first-quarter financial results, with revenue jumping to $48.5 million from $29.2 million in the same period a year earlier. In June, Majesco upped its full-year revenue outlook as it expects to ship 17 new games this year across platforms like the Xbox Kinect, Facebook, Nintendo's 3DS and Apple's iPhone.
Current Share Price: $2.96 (June 27)
2011 Total Return: 285%
Analyst Ratings: Majesco garners two "buy" ratings from Needham & Co. and Sidoti & Company. Majesco also receives a "neutral" rating from Wedbush. Needham analysts have a $5 price target on the stock while Wedbush has a $4 target.
TheStreet Ratings has a "hold" recommendation on Majesco Entertainment. The research report says revenue growth, a largely solid financial position with reasonable debt levels and solid stock price performance are strengths that are countered by the company's weak cash flow from its operations.
-- Written by Robert Holmes in Boston.
>To contact the writer of this article, click here:
>To follow Robert Holmes on Twitter, go to
>To submit a news tip, send an email to: