Is Unity Software Stock a Buy Now? [Yahoo! Finance]
Unity Software Inc. (U)
Company Research
Source: Yahoo! Finance
to $451 million, which exceeded analysts' expectations by $56 million. However, that figure was significantly inflated by its shutdown of Weta Digital, which resulted in the release of its deferred revenue during the quarter, as well as inorganic gains from its merger with the ad tech company ironSource last November. Excluding those two factors, Unity's revenue fell 2% year over year on a pro forma basis to $510 million. It narrowed its net loss from $299 million to $254 million, or $0.66 per share, but it still broadly missed the consensus forecast by $0.21 per share. Those headline numbers were disappointing, and Unity's stock slumped after the report and remains more than 40% below its IPO price. Should contrarian investors still buy this out-of-favor stock as the bulls look the other way? What does Unity do? Unity's game engine bundles together a wide range of tools for creating graphics, sound effects, and multiplayer features for video games. It also helps developers mo
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U
News
- Unity Software Inc. (NYSE: U) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $33.50 price target on the stock.MarketBeat
- Unity Software Inc. (U) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Unity Appoints Matthew Bromberg as New CEOBusiness Wire
- TheXPlace and Unity Kick-off Summer Game JamBusiness Wire
- Unity: Gaming Platform Leader's Painful Reset Could Spark A Revival [Seeking Alpha]Seeking Alpha
U
Earnings
- 2/26/24 - Miss
U
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 3
- U's page on the SEC website