Tag Archives: king

King Digital Gets Positive Reviews With New Coverage

King Digital Entertainment (KING) received multiple buy ratings on Monday as a slew of analysts initiated coverage of the mobile game company. The coverage comes as King Digital, maker of the “Candy Crush Saga” game, exited its quiet period following its initial public offering on March 26. The company is scheduled to report Q1 earnings before the market open on Wednesday. JPMorgan, a lead underwriter for King’s IPO, issued an overweight rating

King’s ‘Candy Crush’ Game ‘Showing Ominous Signs’

Newly public King Digital Entertainment ‘s (KING) flagship “Candy Crush Saga” game is showing signs that its popularity won’t last, says an analyst who initiated coverage of the stock with a rating of neutral, or hold. The sugary smartphone game in Q4 accounted for about 78% of King’s bookings, a non-GAAP version of sales. That dependence on a single game “will inevitably lead to significant earnings volatility at some point, and our checks

King Digital Investors Not Sweet On ‘Candy Crush’ IPO

King Digital, maker of hit mobile game “Candy Crush Saga,” left a sour taste with investors Wednesday as the IPO fell 16% in its debut. King Digital Entertainment’s (KING) initial public offering had attracted a ton of interest, and trepidation. While its hit game was the most downloaded of 2013, industry analysts expect its popularity to fade. Indeed, King disclosed in IPO filings that its Q4 revenue fell vs. Q3. The IPO priced at 22.50 a share