Technology Sector Stocks in Focus: Activision Blizzard, Symantec, and International Business Machines

Strategic Insights -

Activision Blizzard recently announced a new in-game program to support the Call of Duty Endowments nationwide efforts to help unemployed veterans find high-quality careers. The company's shares recently topped out at $39.80, a 52-week high, and have a total debt to equity ratio of -0.51. Symantec Corporation and The Carlyle Group announced plans to close Carlyle's acquisition of Veritas on January 29, 2016, subject to customary closing conditions. International Business Machines Corp expanded its long-term strategic relationship with AT&T to bring businesses a full suite of advanced networking, application, and hosting services.

Key Takeaways:

  • Activision Blizzard announced a new in-game program to support the Call of Duty Endowments nationwide efforts to help unemployed veterans find high-quality careers. The program, called the C.O.D.E. Warriors Personalization Pack, includes 3x reticles, a calling card, and custom weapon camo, and is available for $3.99 in the in-game store and the Sony and Microsoft online stores. All profits from the program will go directly to the Call of Duty Endowments effort to help veterans secure quality careers when they leave military service.
  • Symantec Corporation and The Carlyle Group announced plans to close Carlyle's acquisition of Veritas on January 29, 2016, subject to customary closing conditions. The acquisition will see Bill Coleman become CEO of Veritas upon the close of the transaction.
  • International Business Machines Corp expanded its long-term strategic relationship with AT&T to bring businesses a full suite of advanced networking, application, and hosting services. Under the agreement, AT&T will transition its managed application and managed hosting services unit to IBM, and IBM will then align these managed service capabilities with the IBM Cloud portfolio.

Statistics:

  • Activision Blizzard's shares recently topped out at $39.80, a 52-week high.
  • The company has a total debt to equity ratio of -0.51.
  • The company has a current ratio of 3.90 and a total of 731.18 million outstanding shares.
  • Symantec Corporation's share price recently rose by 1.63% to close at $20.86.
  • The company's quarterly earnings growth is -34.30%, and its quarterly revenue growth is -7.40%.
  • International Business Machines Corp's share price recently rose by 0.41% to close at $138.50.
  • The company's 52-week range is $131.65 to $176.30.

Sources:

  • Activision Blizzard: [Source](https://www.activisionblizzard.com/en/us/news/activision-blizzard-announces-new-in-game-program-to-support-call-of-duty-endowments-efforts)
  • Symantec Corporation: [Source](https://www.symantec.com/about/newsroom/press-releases/2015/symantec-and-carlyle-group-expect-to-close-carlyles-acquisition-of-veritas-on-january-29-2016)
  • International Business Machines Corp: [Source](https://www.ibm.com/press/us/en/pressrelease/47444.wss)
  • Global Data Point: [Source](https://www.globallink.ug/globaldatapoint)