I upgrade Unity stock to a cautious 'Buy', and set a 29.15/share. Contact ETF Channel Meet Our Editorial Staff. Unitys growth prospects are strong, driven by AI and AR/VR technologies, and the companys valuation suggests upside potential. The company had revenue of 544.21 million for the quarter, compared to analysts' expectations of 550.48 million. The reported (0.12) earnings per share for the quarter, topping analysts' consensus estimates of (0.22) by 0.10. Minutes ETF data powered by Ticker Technologies, and Mergent. Unity Software last posted its earnings data on November 9th, 2023. Video widget and ETF videos powered by Market News Video. By visiting, using or viewing this site, youĪgree to the following Full Disclaimer & Terms of UseĪnd Privacy Policy. On average, Wall Street analysts predict that Unity Softwares share price could fall to 36.93 by Dec 18, 2024. Liable for any loss or damage caused by your reliance on information obtained. its subsidiaries, partners, officers, employees, affiliates, or agents be held All viewers agree that under noĬircumstances will BNK Invest, Inc. Transaction, or investment strategy is suitable for any specific person. None of the information contained herein constitutes a recommendation that any particular security, portfolio, or any of its affiliates, subsidiaries or partners. Nothing in ETF Channel is intended to be investment advice, nor does it represent the opinion of, counselįrom, or recommendations by BNK Invest Inc. (U) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the companys earnings prospects. U - Key Stats (updated 7 hours, 42 minutes ago)ĭividendRank'ed Dow Transports ComponentsĮnergy Stocks You Can Buy Cheaper Than Insiders DidĬrossing Above Their 200 Day Moving AverageĬrossing Below Their 200 Day Moving AverageĮTFs Holding U | Unity Software Inc | ETF Channel | |Ĭopyright © 2009 - 2023, All Rights Reserved Co.'s Operate Solutions provides its customers the ability to grow and engage their end-user base, as well as run and monetize their content. Co.'s Create Solutions are used by content creators, such as developers, artists, designers, engineers, and architects, to create real-time 2D and 3D content. Co.'s platform consists of two sets of solutions: Create Solutions and Operate Solutions. Co.'s platform provides a set of software solutions to create and operate real-time 2D and 3D content for multiple platforms, including mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. I've reached out to Unity for more clarity on that point and will update if I receive a reply.Unity Software is a platform for creating and operating interactive, real-time 3D content. Unity Technologies, the gaming startup worth more than 3 billion. I feel very, very good that, because we come out of this phase, people are going to be both inspired by what we're doing and proud of the success that we're able to generate." Riccitiello owns 8.3 million Unity shares and stock options, giving him a 3.4 stake in the company. And you get engaged as you see success and and growing. "And what we're going to do is all around kind of our mission and our values. "While it is painful in the sense that we will have fewer people, I think the people will hear, will be very inspired by the mission," Whitehurst said in an earnings call. Unity said it's "uncertain" when the job cuts and other changes will happen, and while "likely" means it's not a sure thing that more layoffs will happen, it sure sounds like it will. "This assessment will likely lead us to decide to discontinue certain offerings, reduce our workforce and reduce our office footprint." "In the fourth quarter of 2023, we underwent a CEO change and began a comprehensive assessment of our product portfolio to focus on those offerings that are most valuable to our customers, which are the core aspects of our Create and Grow Solutions," Unity said.
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