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Unity's stock crumbles as earnings, forecasts underwhelm
Market Watch· 2024-02-26 21:50
Unity Software Inc. shares were tumbling in late trading Monday after the app-monetization company whiffed with its latest results and forecasts.The company forecast $415 million to $420 million in fiscal first-quarter revenue for what it calls its “strategic portfolio,” deeming that its non-strategic portfolio will not be a meaningful contributor to revenue going forward. The FactSet consensus was for $534 million in revenue. Unity U, +5.69% also sees full-year revenue of $1.7 billion to $1.8 billion for t ...
Unity Software(U) - 2023 Q4 - Annual Results
2024-02-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2024 UNITY SOFTWARE INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Delaware 001-39497 27-0334803 (Commission File Number) (I.R.S. Employer Identification No.) 30 3rd Street San Francisco, California 94103‑3104 (Address, in ...
Unity Software Inc. (U) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-02-22 23:45
In the latest trading session, Unity Software Inc. (U) closed at $31.02, marking a +0.62% move from the previous day. This move lagged the S&P 500's daily gain of 2.11%. On the other hand, the Dow registered a gain of 1.18%, and the technology-centric Nasdaq increased by 2.96%.Shares of the company witnessed a loss of 6.66% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.69% and the S&P 500's gain of 3.08%.Analysts and investors alike will be keepin ...
Capgemini to acquire Unity's Digital Twin Professional Services arm to accelerate enterprises' digital transformation through real-time 3D technology
Businesswire· 2024-02-22 21:00
PARIS & SAN FRANCISCO--(BUSINESS WIRE)--Capgemini and Unity (NYSE: U), the world’s leading platform for creating and growing real-time 3D (RT3D) content, today announced an expansion of their strategic alliance that will see Capgemini take on Unity’s Digital Twin Professional Services arm. Per the agreement, Unity’s Digital Twin Professional Services team will join and embed within Capgemini, forming one of the largest pools of Unity enterprise developers in the world. The transaction will accelerate the it ...
Unity Software Inc. (U) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Zacks Investment Research· 2024-02-15 23:46
Unity Software Inc. (U) closed at $35.02 in the latest trading session, marking a +0.32% move from the prior day. The stock lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.91%, and the tech-heavy Nasdaq gained 0.3%.Coming into today, shares of the company had gained 5.85% in the past month. In that same time, the Computer and Technology sector gained 8.43%, while the S&P 500 gained 4.61%.The investment community will be closely monitoring the performance of Unity Software Inc. in ...
Why Unity Software Inc. (U) Outpaced the Stock Market Today
Zacks Investment Research· 2024-02-07 23:50
The latest trading session saw Unity Software Inc. (U) ending at $32.52, denoting a +1.47% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.82%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 0.95%.Prior to today's trading, shares of the company had lost 10.65% over the past month. This has lagged the Computer and Technology sector's gain of 10.9% and the S&P 500's gain of 5.59% in that time.The investment community will be closely moni ...
Unity Software Inc. (U) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-02-01 23:50
The most recent trading session ended with Unity Software Inc. (U) standing at $31.97, reflecting a -1.33% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.25%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 1.3%.Prior to today's trading, shares of the company had lost 12.27% over the past month. This has lagged the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58% in that time.Investors wil ...
Unity Software Inc. (U) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-01-26 23:51
The latest trading session saw Unity Software Inc. (U) ending at $33.11, denoting a +0.7% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.07%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.36%.The company's shares have seen a decrease of 22.96% over the last month, not keeping up with the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 3.05%.Market participants will be closely following the financial r ...
Top Stock Picks for 2024: Unity Software
Schaeffers Research· 2024-01-19 19:33
Every day for the next three weeks, we're going to highlight one of Schaeffer's top 12 picks for 2024. Next up, we have video game technology developer Unity Software Inc (NYSE:U). To access the entirety of the 2024 report, click here.Video game developer Unity Software (U) has seen its fundamentals stabilize thanks to a conservative 2024 guidance that sets up for potential upwardly revised raises in future earnings reports. The stock has crossed above its 80-week moving average, which capped gains back in ...
Software Stock At An Intriguing Entry Point
Forbes· 2024-01-17 18:02
Video game development stock Unity Software (U) would have preferred the calendar hadn’t turned to January. The shares are down 19.5% year-to-date, a far cry from December’s monthly gain of 38.6%. The only silver lining to the false start is U’s struggles has, if past is precedent, the stock pulling back to a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Unity stock has pulled back to its 50-day moving average after a lengthy stretch above it, def ...