Investor’s Update Electronic Arts Inc. (NASDAQ:EA)

[ZACKS] Electronic Arts Inc. (NASDAQ:EA) continues with its endeavors of expanding and diversifying its product portfolio in order to enhance its market share. EA recently released titles like Madden NFL 15 and The Sims 4 are expected to boost its top line for the rest of fiscal 2015. The company is set to launch FIFA 15 this month. FIFA is an important franchise for EA. For the last couple of years, the franchise has contributed a significant part of revenues.Recently, Ghost Games, an Electronic Arts Inc. studio, announced that a complete edition of its massively popular series Need for Speed Rivals will be available in stores from Oct 21, 2014 and Oct 24, 2014 in North America and Europe, respectively.Stock PerformanceTaking a look at the company’s recent performance, Electronic Arts Inc. (EA) reported first quarter earnings for fiscal year 2015 on july 22^nd 2014. The company reported actual earnings per share of $0 .19 against the consensus Street estimate of $.04.This represents year over year decline of 110%. EA posted revenue of $775 million against estimates of $709.15million.Electronic Arts Inc. (EA) is currently valued at $10.89 billion and closed the last trading session at $34.28. The stock has a 50-day moving average of $37.01 and a 200-day moving average of $34.02.

Is this a Buying Opportunity?There are currently twenty analysts that we track that cover the stock. Of those twenty, fourteen have Buy rating and six have a hold rating. On a consensus basis this yields a score of 2.75 and a Buy. The combined price objective of these covering analysts is $41.70, which represents a 16.53% upside difference to the last closing price.The most recent analyst activity consisted of Zacks reiterating their outperform stance of the company. On the date of the report, the stock closed at $37.84.Another research firm weighing in recently was Wedbush who boosted price on the stock. On July 24^th 2014 Wedbush upgrade their price target on the stock $43.00, to $49.00 or a 36.95% upside to the current price. On the day of the report, EA shares closed at $36.04.Company Profile Electronic Arts Inc. (NASDAQ:EA) develops markets, publishes, and distributes game software content and services for video game consoles, personal computers, mobile phones, and tablets. The company operates through EA Games, EA SPORTS, Maxis, PopCap, and All Play segments. It provides action-adventure, casual, family, fantasy, first-person shooter, horror, science fiction, role-playing, racing, simulation, sports, and strategy games under the Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled, and Plants v. Zombies, as well as EA SPORTS, Battlefield 4, FIFA Street, Maxis, Madden NFL, Medal of Honor, and Star Wars brand names. The company also offers casual games, such as cards, puzzles, and word games through its pogo.com, as well as on other platforms; and digital content and Internet-based advertising services. The company was founded in 1982 and is headquartered in Redwood City, California.