PxPixel
LeapFrog rises as results loom - ToyNews

LeapFrog rises as results loom

LeapFrog shares rose after analysts hinted at encouraging results due today.
Author:
Publish date:
5_Pocoyo.jpg

In the last two months, the share price has fallen nearly 20 per cent.

However, Wedbush Morgan Securities analyst Sean McGowan said that the recent decline in LeapFrog shares has made the stock more attractive.

"We believe the recent price decline has eliminated much of the downside risk, and that even minor whiffs of encouraging news in the coming months could lead the stock higher," McGowan wrote.

Though there is still uncertainty over results for the 2007 holidays and a "still-cloudy" outlook for 2008 and 2009, he said, the stock could rally in the near term.

LeapFrog has been struggling with soft sales lately as its ageing LeapPad technology continues to wind down, but it has just launched its new hope ClickStart, a TV-based my first PC. In March, LeapFrog said it fell to a loss in its fourth quarter as both domestic and international sales declined and costs rose.

Related

5_Pocoyo.jpg

Radica sale looming?

A sale of Radica could be on the cards after the company appointed an advisor to explore a number of “strategic alternatives” as it looks to stimulate some movement in its share price.

5_Pocoyo.jpg

Changes afoot for LeapFrog

LeapFrog has announced a number of new initiatives after posting a third-quarter loss, lining up new products, expanding to China and taking other steps to improve results.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.