Electronic Arts has big potential in eSports, this investor says

Jul 12 02:07 2018 Print This Article

No one can say how big eSports are going to get, but video game company Electronic Arts (NASDAQ:EA) has served itself well by getting in on the ground floor, says Barry Schwartz of Baskin Wealth Management.

Redwood City, California-based Electronic Arts saw its share price hit a record high of US$147.13 on June 14, with the stock now up 38 per cent for 2018. The company has seen its competitive tournaments for games like Madden NFL, FIFA and Battlefield explode over the past 12 months, with management saying its not taking its foot off the competitive gaming pedal anytime soon.

“Fiscal 2018 was a year of strong growth and continued transformation for Electronic Arts, as we expanded the reach of our leading franchises like FIFA, Battlefield and The Sims to more players across more platforms and geographies,” said CEO Andrew Wilson. “In the year ahead, we will expand the world of play with amazing new experiences and new IP (intellectual property), more competition, and industry-leading subscription programs.”

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Cantech Letter

Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine focusing on Canadian technology. The site has grown into one of the most popular and respected financial sites in Canada, and was described by Canadian Business Magazine as “one of Canada’s premier technology newsletters”. Waddell, who is Senior Editor, is routinely called on by the mainstream media for perspective on Canadian technology, and has been featured on BNN, CTV News Channel, and the CBC program “The Lang and O’Leary Exchange” in addition to mainstream print media such as The Guardian, The International Business Times, The Globe and Mail, Macleans, The Waterloo Record , Canadian Business, Slate, and Business Insider. You can email Nick at nick@cantechletter.com Cantech Letter is focused on those companies listed on the TSX and TSXV Technology, Cleantech and Life Sciences Sectors. Each year we present the Cantech Letter Awards, which honor Canada’s Top Technology Stock and Top Technology Stock Executive.

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