Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Activision Blizzard fell 31 cents (-2.6%) to $11.37 on heavy volume. Throughout the day, 21 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of seven million shares. The stock ranged in price between $11.36-$11.92 after having opened the day at $11.70 as compared to the previous trading day's close of $11.68. Other companies within the Computer Software & Services industry that declined today were:
), down 8.7%,
), down 8.6%,
), down 7.5%, and
), down 6.2%.
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Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. Activision Blizzard has a market cap of $12.94 billion and is part of the
sector. The company has a P/E ratio of 16.2, below the average computer software & services industry P/E ratio of 16.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Activision Blizzard as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Activision Blizzard Ratings Report.
On the positive front,
), up 15%,
), up 12.7%,
), up 10.8%, and
), up 8.8%, were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.
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