EA Stock Down 40% Since January
Posted on Thursday, June 21 @ 14:56:38 PST by Nicholas Tan
A report by GamesIndustry shows how Electronic Arts' valuation has sharply fallen since the start of the year, while Zynga and THQ also struggle to navigate through these hard financial waters.
The report goes onto compare EA's stock with NASDAQ as well as other developers like Activision Blizzard and Take Two, proposing that, by the numbers, Electronic Arts is in trouble against its own peers. It goes onto suggest the investor's lack of confidence in EA and of its leadership by John Riccitiello, citing their frustration with his plan which is "presently in year five of a three-year transformation project that's actually going to take seven years".
The poor performance of Star Wars: The Old Republic, which will likely turn free-to-play soon, is also at fault for their stock's decline.
The good news, however, is that the year is far from over. It still has plenty of sports titles waiting in the wings, like NHL 13, FIFA Soccer 13, NCAA Football 13, and of course Madden NFL 13. Both Medal of Honor: Warfighter and Need for Speed Most Wanted could help bolster their numbers in the last quarter while Dead Space 3 looms in February 2013. Besides, we need people to buy low and sell high, right?
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