Over the past few years, the e-sports industry expanded from small professional gaming events into televised and live-streamed programswatched by millions. Goldman Sachs valued the e-sports market at $500 million in 2016, and expects the market to grow at a compound annual growth rate of 22% over the next three years to over $1 billion.
But amid all the hype and noise, investors might be confused about which companies will benefit the most from that growth. Let’s examine three companies that fit that bill — Tencent Holdings (NASDAQOTH:TCEHY), Activision Blizzard (NASDAQ:ATVI), and Electronic Arts (NASDAQ:EA).
Chinese tech giant Tencent is the biggest video game company in the world by total revenue. Six years ago, it acquired Riot Games, the maker of League of Legends — the MOBA (multiplayer online battle arena) game which is currently the most popular e-sports title in the world.
League of Legends. Image source: Riot Games, NVIDIA.
Top Tech Stocks To Invest In Right Now: Biogen Idec Inc(BIIB)
- [By Todd Campbell]
A new and highly anticipated study byCelgene Corp. (NASDAQ:CELG) shows that its promising multiple sclerosis drug could soon reshape the $19 billion multiple sclerosis market. On Friday, management reported that ozanimod met its primary endpoint for reducing MS relapses better than Biogen Inc.’s (NASDAQ:BIIB) Avonex, and importantly, it did so without any new safety risks.
- [By Ben Levisohn]
Biogen (BIIB) has dropped 2.2% to $286.16 after getting cut to Market Perform from Outperform at Leerink, and to Equal Weight from Overweight at Morgan Stanley.
- [By Brian Orelli]
While that’s fine for clinical trials, it may make it difficult for Ionis’ drugs to compete with drugs that work as well but don’t have side effects that need to be monitored. Of course, for Spinraza, which Biogen (NASDAQ:BIIB) and Ionis recently got approved for spinal muscular atrophy, side effects aren’t an issue because there aren’t any other treatment options at the moment.
Top Tech Stocks To Invest In Right Now: Rovi Corporation(ROVI)
- [By Emily Stewart]
Rovi (ROVI) is a new second-quarter acquisition for Soros, who as of the end of the period owns 4.1 million shares worth $63.6 million.
Rovi is engaged in the discovery, delivery, display and monetization of digital entertainment by providing a broad set of integrated solutions. It has a $1.8 billion market cap.
Top Tech Stocks To Invest In Right Now: Towerstream Corporation(TWER)
- [By Lisa Levin]
Towerstream Corporation (NASDAQ: TWER) shares were also up, gaining 9 percent to $3.49. Towerstream is scheduled to report Q2 financial results on August 9, 2016.
Top Tech Stocks To Invest In Right Now: Infinera Corporation(INFN)
- [By Lisa Levin]
Infinera Corp. (NASDAQ: INFN) shares were also up, gaining 27 percent to $11.92 after the company reported stronger-than-expected Q4 results.
Equities Trading DOWN
- [By Brian Feroldi]
Investing in the tech sector can be tricky. Competition tends to be fierce, which makes it difficult to stay one step ahead. Two companies that have a strong history of maintaining their edge are Skyworks Solutions(NASDAQ:SWKS)and Infinera(NASDAQ:INFN). Both of these businesses have been taking market share in their industries for years, which is impressive. But which of these two tech companies is the better investment today? Let’s review the bull thesis for each company so we can make an informed decision.
- [By Billy Duberstein]
What a year 2016 was for Infinera (NASDAQ:INFN) shareholders. The stock plunged over 50% last year, as its multiyear run of accelerating 20%-30% growth rates ground to a halt. The story changed from that of a high-growth technology company riding the secular trend of exploding data and bandwidth needs to one of stagnating revenues, profits turning to losses, increased competition, and end customers pausing investments in optical networks.
- [By Tracey Ryniec]
Infinera isn’t in a glamorous part of the technology business, as it provides fiber optic connection gear, but as companies like Amazon and Facebook need and use ever more data, it’s Infinera which paves the way. Earnings are expected to grow 31% in 2016.
Top Tech Stocks To Invest In Right Now: Castlight Health, inc.(CSLT)
- [By Todd Campbell]
Castlight Health (NYSE:CSLT)share price climbed 13.2% Wednesday after an SEC filing revealed that Maverick Capital had significantly boosted its stake in the company to 10.6%.