Las Vegas Sands Corp (NYSE:LVS) Goes Offline for 1 week after a Cyber Attack

by James Karedelli | Monday, Mar 17, 2014 | 856 views

Boston, MA, 03/17/2014 – Las Vegas Sands Corp (NYSE:LVS) recently faced a cyber-attack on its online websites, which was later restored after the company websites went offline for one week. The hacker has not been identified with the company announcing it is continuing with investigations into the matter. Some of the affected casinos include those in US, Singapore and Macau

Las Vegas Sands websites went blur after the hacker defaced the home page, it is being reported the hacker posted employees personal information and criticized the company’s Chairman Sheldon Adelson who is a vocal supporter of Israel.

The cyber-attack comes at the back of Las Vegas Sands Corp (NYSE:LVS) being the first corporation to incorporate mobile gambling in Nevada with the company coming up with many more mobile capabilities. The gaming industry has grown and is expected to be worth $83 billion as of 2015 with multi player online games making up the largest portion of the gaming industry.

Las Vegas Sands price target raised to $97

Las Vegas Sands Corp (NYSE:LVS) has seen its share price target raised to $97 from $92.50 by a research note to investors by Citigroup analysts. The firm currently rates the company’s stock as “Buy” with the price target showing a potential upside of 18.02%

Analysts at Zack currently rate Las Vegas Sands as an “Outperform” with a share price target of $102 with analysts at Morgan Stanley also weighing in with an “Overweight’ rating at a price target of $89. One research equity firm rates Las Vegas Sands as a “Sell” with six issuing a “Hold” rating and 19 others issuing a “Buy” rating.

Las Vegas Sands Corp (NYSE:LVS) average rating stands at a “Buy” with a consensus price target of $80.50. The company last announced its financial results on January 29 in which earnings per share came in at $0.87, beating consensus estimates of $0.85 at the back of total revenues amounting to $3.66 billion.

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