Latest news with #LightAndWonder
Yahoo
12 hours ago
- Business
- Yahoo
Why Light & Wonder Stock Blasted 10% Higher Today
The company had a good day in court. It's being sued by a peer who's alleging intellectual property misappropriation. 10 stocks we like better than Light & Wonder › Gaming technology stock Light & Wonder (NASDAQ: LNW) -- formerly known as Scientific Games -- proved to be quite the solid bet on Wednesday. On some very positive news in the legal sphere, investors piled into the company's shares, pumping them more than 10% higher in price. That looked especially good when compared to the S&P 500's (SNPINDEX: ^GSPC) flatline performance. Light & Wonder is currently locked in a legal dispute with peer company Aristocrat Leisure. Aristocrat is accusing it of copying elements from one of its casino slot games in the design of Light & Wonder's Dragon Train game. On Wednesday, the Nevada court in which the case is being heard made a ruling on discovery that favors Light & Wonder. It ruled that the company will not have to reveal its math models on the slot games in question. In addition, the court asked for specificity from Aristocrat regarding the trade secrets it's litigating to protect. Aristocrat, which is headquartered in Australia, brought its case against the American company in 2024. At the time, it stated in a press release that it "will seek all appropriate remedies to address the harm caused by Light & Wonder's actions." Light & Wonder had, understandably, been fairly quiet about the case. Perhaps it'll speak up more now that it seems to be tilting in its favor. Having said that, I wouldn't be ready to break out the champagne if I were a shareholder, at least not yet. Court cases can develop and resolve in unexpected ways, and Light & Wonder isn't out of the woods. I don't think anyone should buy or sell the company's stock based on predictions of the lawsuit's outcome. Before you buy stock in Light & Wonder, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Light & Wonder wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Light & Wonder. The Motley Fool has a disclosure policy. Why Light & Wonder Stock Blasted 10% Higher Today was originally published by The Motley Fool
Yahoo
a day ago
- Business
- Yahoo
Stifel Stays Cautious on Light & Wonder (LNW) Despite Steady Long-Term EBITDA Target
Light & Wonder Inc. (NASDAQ:LNW) is one of the top 10 picks from Harvard University's stock portfolio. The stock's position in Harvard Management Co.'s portfolio is down approximately 27% quarter-over-quarter, but still commands around 8% of the portfolio's weight. On June 4, following meetings with Light & Wonder's SVP of Investor Relations, Nick Zangari, at the Stifel Cross Sector Insight Conference, a Stifel Nicolaus analyst reaffirmed a Hold rating on the stock, with an unchanged price target of $95. The analyst noted that management remains committed to achieving its 2028 Adjusted EBITDA goal of $2 billion, despite the overall addressable market for its core business appearing stable rather than expanding. Near-term trends in regional gross gaming revenue have been encouraging, supporting the company's projections for North America. Research and development remains a strategic focus, with early progress suggesting better returns. That, in turn, is helping the company stay aligned with its longer-term market share ambitions. The analyst also noted that industry consolidation could give Light & Wonder additional room to grow. However, he flagged a few concerns as well. Firstly, the comparisons against last year's performance are expected to be more challenging in the coming quarters, and broader macro conditions remain unpredictable. He also noted that demand for slot machine replacements could soften, which may weigh on results depending on how the cycle plays out. While management sounds confident about its roadmap, these factors justify the analyst's reiteration of a neutral view on the stock for now. Light & Wonder Inc. (NASDAQ:LNW) is a Las Vegas, Nevada-based, cross-platform global games company with a focus on content and digital markets. The Company creates content and products for land-based casino gaming, social, and digital organizations. While we acknowledge the potential of LNW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Light & Wonder First Quarter 2025 Earnings: Misses Expectations
Revenue: US$774.0m (up 2.4% from 1Q 2024). Net income: US$82.0m (flat on 1Q 2024). Profit margin: 11% (in line with 1Q 2024). EPS: US$0.96 (up from US$0.91 in 1Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 17%. Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Performance of the American Hospitality industry. The company's shares are down 8.7% from a week ago. We don't want to rain on the parade too much, but we did also find 2 warning signs for Light & Wonder (1 shouldn't be ignored!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
