The stock of Changyou.Com Ltd (ADR) (NASDAQ:CYOU) is a huge mover today! About 119,417 shares traded hands. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) has risen 50.87% since March 1, 2016 and is uptrending. It has outperformed by 41.63% the S&P500.
The move comes after 8 months positive chart setup for the $1.42B company. It was reported on Oct, 4 by Barchart.com. We have $42.57 PT which if reached, will make NASDAQ:CYOU worth $766.80M more.
Analysts await Changyou.Com Ltd (ADR) (NASDAQ:CYOU) to report earnings on October, 24. They expect $0.47 EPS, down 69.68% or $1.08 from last year’s $1.55 per share. CYOU’s profit will be $24.15M for 14.70 P/E if the $0.47 EPS becomes a reality. After $0.62 actual EPS reported by Changyou.Com Ltd (ADR) for the previous quarter, Wall Street now forecasts -24.19% negative EPS growth.
Changyou.Com Ltd (ADR) (NASDAQ:CYOU) Ratings Coverage
Out of 5 analysts covering Changyou.com (NASDAQ:CYOU), 1 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 20% are positive. Changyou.com has been the topic of 6 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 4. The stock has “Underperform” rating given by Macquarie Research on Tuesday, July 26. The firm earned “Neutral” rating on Monday, October 19 by Macquarie Research. Goldman Sachs downgraded Changyou.Com Ltd (ADR) (NASDAQ:CYOU) on Monday, November 30 to “Sell” rating. The firm earned “Buy” rating on Friday, September 9 by Deutsche Bank.
According to Zacks Investment Research, “Changyou.com Limited is a developer and operator of online games in China. It engages in the development, operation, and licensing of massively multi-player online role-playing games, which are interactive online games that are played simultaneously by various game players. The company currently operates two multi-player online role-playing games (MMORPGs), including the in-house developed Tian Long Ba Bu and the licensed Blade Online. Changyou.com has three MMORPGs in the pipeline, which include the Duke of Mount Deer, Immortal Faith, and the Legend of the Ancient World. Based in Beijing, the People’s Republic of China, Changyou.com Limited is a subsidiary of Sohu.com Inc.”
More important recent Changyou.Com Ltd (ADR) (NASDAQ:CYOU) news were published by: Benzinga.com which released: “Benzinga’s Volume Movers” on August 29, 2016, also Benzinga.com published article titled: “Mid-Afternoon Market Update: Crude Oil Down 3%; Applied Genetic Technologies …”, Benzinga.com published: “19 Chinese Internet Stocks That Have Wall Street Talking” on April 20, 2015. More interesting news about Changyou.Com Ltd (ADR) (NASDAQ:CYOU) was released by: Investorplace.com and their article: “9 Software Stocks to Buy Now” with publication date: September 15, 2016.
CYOU Company Profile
Changyou.com Limited, incorporated on August 6, 2007, is an online game developer and operator. The Firm is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s divisions include Online Game segment, which consists of PC games, mobile games and Web games, and the Platform Channel segment, which consists primarily of online advertising services on the 17173.com Website, and a relatively small amount of Internet value-added services (IVAS). PC games are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games are played on mobile devices and require an Internet connection, and Web games are online games that are played through a Web browser with no local game software installation requirements.
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