Shanda Interactive Entertainment (SNDA): Shares advance in positive trading channel - Larry Schutts

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Shanda Interactive Entertainment (SNDA): Shares advance in positive trading channel
Sep 17, 2008 08:00 PM UTC

Larry Schutts

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Symbol	Sentiment	Start	Return	Closed
SNDA		09/17/08	+89.16%	--
ERTS	n/a

Via BloggingStocks:

Filed under: Earnings reports, Analyst upgrades and downgrades, Electronic Arts (ERTS), Technical Analysis, Stocks to Buy

Shanda Interactive Entertainment (NASDAQ: SNDA) is a leading interactive entertainment media company in China. The firm offers a diversified content portfolio, including massively multi-player online role-playing games, online board games, network PC games, cartoons, works of literature and music. Shanda's interactive platform attracts a loyal base of users, who pay access subscription fees. Electronic Arts (NASDAQ: ERTS) is a major competitor.

The company pleased investors earlier in the month, when it reported fiscal Q2 EPS of 56 cents and revenues of $122.1 million. Analysts had been looking for 51 cents and $115.3 million. Revenues from massively multiplayer online role-playing games increased 47.0% year-over-year and 8.5% quarter-over-quarter, to a record high of $101.3 million. Oppenheimer subsequently upgraded the stock to "outperform" and Brean Murray reiterated its "buy" rating.

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