5.44 0.00 (0.00%)
After hours: 4:38PM EDT
|Bid||5.44 x 45100|
|Ask||5.44 x 38500|
|Day's Range||5.22 - 5.46|
|52 Week Range||3.32 - 5.55|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||302.22|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.46|
These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ZNGA’s returns The stock of gaming company Zynga (ZNGA) has generated a return of 51% in the last 12 months. Since the start of 2019, the stock is up 36%.
Zynga Inc. today announced it will report its first quarter 2019 financial results on Wednesday, May 1, 2019, at approximately 1:05 p.m. Pacific Time .
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Price to earnings Take-Two Interactive (TTWO) has a forward PE ratio of 28.9x for 2019. This valuation seems reasonable given the company’s significant revenue and
The PlayStation 5 is more than an upgrade, video game designer Mark Carny told Wired, and will include updated hardware and processors, including a custom GPU based on AMD's Radeon Navi hardware and an eight-core CPU based on its third-gen Ryzen line.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)PE ratio Activision Blizzard (ATVI) has a forward PE ratio of 35.9x for 2019. This ratio might seem high given the company’s negative revenue and earnings
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard’s sales are expected to fall 11.6% in 2019The global gaming market continues to grow at a robust pace. The gaming market is expected to
Glu Mobile (NASDAQ:GLUU) has recovered nicely from the slump following its February earnings report. Over the last four weeks, Glu Mobile stock saw a massive surge higher. It now trades more than 10% above the pre-earnings levels seen in early February.Source: Shutterstock Glu Mobile stock has built its success based on its licensing deals, the performance of its games, and the return to profitability.However, the history of mobile games shows that game performance drives mobile gaming stocks. Hence, understanding its games will play a more important role in succeeding with GLUU than studying company financials.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off Here's What Drove GLUU Stock HigherIn my post-earnings report, I described GLUU stock as a "buying opportunity for risk-taking investors." GLUU rewarded those who took the risk handsomely. Since the 13.2% post-earnings plunge, the stock has risen by over 29%.Titles such as Kim Kardashian: Hollywood, Design Home, and Tap Sports Baseball have kept mobile gamers glued to their screens. The company also agreed to develop games for Disney (NYSE:DIS), using characters from Pixar and the programs Disney developed in-house. This brought about Disney Sorcerer's Arena and will lead to more games in the near future.Fundamentals also remain compelling. Analysts expect profits to increase by 25% this year and 40% next year. That type of growth makes the 23.3 forward price-to-earnings (PE) ratio appear reasonable.Unfortunately, these metrics remain secondary. GLUU Games Drive GLUU StockThe numbers matter with regard to the company's health itself. However, for GLUU stock to succeed, these numbers take a back seat to the success of its games. Games pulled GLUU out of penny-stock status. They also helped it recover after an underwhelming earnings report.However, investors still need to take heed of the history of the gaming industry. In all likelihood, instead of trading like an Activision (NASDAQ:ATVI) or an EA (NASDAQ:EA), GLUU stock will most likely mirror that of its closest peer, mobile gaming company Zynga (NASDAQ:ZNGA). The Lessons of ZyngaZynga rode high in the early part of the decade on the success of Mafia Wars and Farmville. This took ZNGA stock to almost $16 per share in March 2012. However people began to log on to Zynga games less often, and by the end of 2012 the stock had fallen below $2.50 per share as the gaming platform lost almost half of its user base.With GLUU stock trading at over $11 per share, I see a similar fate as the company's greatest threat. Hence, to succeed with Glu Mobile stock, do not study PE ratios and cash flow statements. Instead, explore the games themselves and their performance.Like with Zynga's experience with Farmville, at some point, gamers will eventually grow weary of titles such as Design Home and Tap Sports Baseball. For GLUU stock to enjoy long-term success, the company needs to make sure the interest shifts to one of GLUU's other games when this happens.If the company can continually pull off this transition, Glu Mobile stock will continue to rise. However, if it fails in this area, GLUU could return to penny-stock status. Final Thoughts on Glu Mobile StockHence, the user base stands as the most critical metric in predicting the performance of GLUU stock. GLUU rose from penny-stock status on a handful of successful games. It now seeks to build on that base by partnering with Disney and designing games built around the media giant's characters.Despite the potential for that partnership, GLUU stock remains primarily dependent on growing and maintaining its user base. GLUU investors need to stay mindful of the lessons of Zynga and what happens when players become bored with a specific game. Even though they have enlisted a powerful partner in Disney, it still faces constant pressure to keep users coming to the Glu Mobile platform.GLUU can keep moving higher if its games remain popular. However, if one cannot develop an interest in Glu Mobile games, they should not buy an interest in GLUU stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Don't Watch the Glu Mobile Stock Financials, Watch the Gaming Trends appeared first on InvestorPlace.
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)Zynga expects 15% revenue growth With Zynga’s (ZNGA) advertising business returning to growth (with a double-digit growth rate throughout 2018) and the company
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)Zynga is buying companies overseasIf we consider estimates from Newzoo, the global gaming market will generate $174 billion in annual revenue by 2021, up from ~$134.9
Zynga Inc NASDAQ/NGS:ZNGAView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ZNGA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ZNGA. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $896 million over the last one-month into ETFs that hold ZNGA are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)$17.7 million returned to shareholders in December In addition to funding acquisitions to support its robust growth, the additional cash that Zynga (ZNGA) is planning to
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)Company looking to increase cash reservesZynga (ZNGA) exited 2018 with $581 million in cash, but the company isn’t satisfied with this amount and wants to increase it.
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)Zynga reports record advertising salesIf there’s a segment of Zynga’s (ZNGA) business that clearly reflects the company’s turnaround, it’s the advertising
Zynga Says Its Turnaround Is Complete—What's Next?(Continued from Prior Part)Zynga wants to continue expanding its flagship gamesAccording to Zynga (ZNGA), it’s planning to introduce new products to drive growth this year. Its management has
While Snap's (NYSE:SNAP) "Spectacles" glasses turned into a debacle and the reworking of its Android app was an unwanted solution to a problem that didn't exist, Snap (NYSE:SNAP) may be on to something with its new mobile-gaming venture. The 4% gain that SNAP stock logged on Friday indicates that investors agree with that idea.Source: Shutterstock On Thursday, the parent company of messaging app Snapchat unveiled its new gaming platform at its first-ever partner summit. A total of six games will be immediately available via Snapchat. Users will be able to play the games with their contacts within the app itself. One of the six games was developed by Snap itself, while ZeptoLab and Zynga (NASDAQ:ZNGA) also developed games.More games may be on the way, though Snap is more interested in quality than quantity.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Risk Stocks With Big Potential Rewards The end goal, of course, is to improve the Snapchat app's user-engagement metrics by using the games to entice people to look at the app longer. Snap may have just found a way to accomplish that goal . Natural ProgressionThough once on the fringe of video gaming due to its limited computing power and slow download speeds, mobile gaming has come to the forefront of the gaming world. Driven by better hardware and faster wireless data speeds, the mobile gaming market was worth $77 billion last year.The gamers who dominate that market overlap tremendously with Snapchat's target demographic."In the United States, Snapchat now reaches nearly 75% of all 13 to 34-year-olds, and we reach 90% of 13 to 24-year-olds," explained Snap CEO Evan Spiegel, who went on to say at the summit, "In fact, we reach more 13 to 24-year-olds than Facebook or Instagram in the United States, the U.K., France, Canada and Australia."Spiegel probably had no choice but to enter the gaming arena.Facebook (NASDAQ:FB) has offered mobile (and desktop) gaming options for years, and doubled down on the idea in late 2016 with the launch of its Gameroom platform The platform offers a myriad of high-quality games that go well beyond casual' gaming.Some of the company's games can be played directly from a chat screen.Just a few weeks ago, Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) announced it would launch its own streaming game platform. Called Stadia, the subscription-based service will rely on Advanced Micro Devices' (NASDAQ:AMD) chips to deliver console-quality gaming experiences without the need of a console or gaming computer.Still, Snap intends to make its take on mobile gaming distinctly different by playing into its strengths. The Same, But DifferentEven within the casual-mobile-gaming arena, there are multiple multiplayer games. Each of them has its limitations, though. For example, Fortnite is a free-for-all multiplayer game that's too intense for some, while Words With Friends is limited to two players.Snap is putting the "social" back in social media gaming. Snake Squad is a battle-royale game a la Fortnite, but its cartoonish feel makes it fun rather than stressful. Bitmoji Party allows several people to play at one time, as they work through a variety of "mini games.'" C.A.T.S.: Drift Race plays an awful lot like a multiplayer version of popular racing game Mario Kart, from Nintendo (OTCMKTS:NTDOY).Console maker Nintendo, by the way, has tiptoed into the mobile gaming market as well, posing a threat to the attention users were devoting directly to Snapchat. The launch of Pokemon Go in 2016 was a smashing success, and though the company wasn't pleased with the market's response to the 2017 launch of mobile game Super Mario Run, the game inspired 200 million downloads.The $64,000 question owners of SNAP stock are asking is, "How will Snapchat make money from its games?"SNAP doesn't appear to be married to this idea, but initially, it will sell ads to monetize the games, showing short videos before users begin playing them. The Outlook of SNAP StockIt's easy to enter the mobile-gaming arena. It's more difficult to swipe market share from rivals. Even more difficult than that is making the venture a profitable one. It also takes time to really figure out the games -- and the kinds of games -- that users will respond to. It could take several quarters for SNAP to get "good" at the gaming business.Still, this is a savvy step in the right direction for SNAP stock. Internet users have made it clear that their favorite things to do online are fighting about politics and using games as a means of forgetting about politics.With the mobile-video-gaming market worth $77 billion now, and growing at a brisk clip, SNAP's move certainly could make SNAP stock much easier to own in the foreseeable future.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Gaming on Snapchat Is Positive for Snap Stock appeared first on InvestorPlace.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Zynga Inc. (NASDAQ...
From the get-go, mobile-gaming specialist Zynga (NASDAQ:ZNGA) has at least some justification for its explosive ride this year. Over recent decades, video games have transitioned from a niche hobby into a multi-billion-dollar industry. Today, watching other people play video games is an actual, viable market. Such broad enthusiasm naturally bolsters the case for Zynga stock.Source: Shutterstock At the same time, though, critics openly wonder when enough is enough. On a year-to-date basis, ZNGA stock has skyrocketed over 37%. Not only that, shares didn't really suffer the ignominy that sullied traditional gaming companies like Electronic Arts (NASDAQ:EA) or Activision Blizzard (NASDAQ:ATVI) in 2018. Last year, ZNGA basically broke even.Like many other investors, I'm attracted to the gaming sector's wide-ranging opportunities. Mobile games alone generated nearly $49 billion in 2017. According to industry experts, this entertainment platform will increase at a compound annual growth rate of almost 20% through 2026. But the question of course is whether this fact alone will drive Zynga stock higher.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou'd think it would. However, ZNGA stock has a history of volatile trading. Recent trades suggest that a fundamental turnaround is coming. On the other hand, Zynga has failed to live up to the hype surrounding its initial public offering.Caught between taking a risk versus playing it safe, I'm choosing the latter. Here are three reasons why you should pocket your profits from Zynga stock: ZNGA has Many CompetitorsWhen Zynga first launched as an organization, it harnessed a rising tide. Even if some of its games didn't resonate with audiences, it was one of the few mobile specialists in town. * 10 Medical Marijuana Stocks to Cure Your Portfolio Today, you can't say that anymore. I'd even go so far as to say Zynga, and to some extent ZNGA stock, is an afterthought. Primarily, this is due to massive competition.The mobile gaming space is getting crowded. The enormous popularity of free-to-play (FTP), multi-platform shooting game Fortnite dramatically altered the gaming landscape. Electronic Arts released Apex Legends, a Fortnite competitor, to rave reviews and downloads. Both of these are available on mobile and will draw some dollars away from more traditional mobile games.Then there's a refocused Glu Mobile (NASDAQ:GLUU), or Activision-Blizzard and their card game Hearthstone and their ownership of King. There are simply a lot of names trying their hand at mobile games these days. Revenues Don't Justify Zynga StockWhenever I see an investment shoot for the moon, I almost always stay away. The exception is if a good reason exists to buy into the enormous strength. Usually, this involves supportive fundamentals that justify the bullishness.But with Zynga stock, I'm not getting a good read. Back in 2017, I can see through hindsight why investors bought into the mobile-gaming firm. Quarterly revenue growth on a year-over-year basis increased notably at that time, averaging over 16%. In 2016, sales growth averaged a loss of nearly 3%.But last year, revenue growth for ZNGA stock slipped again, this time to 5.3%. This isn't the kind of progress that I'm looking for in an organization. However, that's not the main point. My argument is that I don't want to pay a premium for Zynga when its growth trajectory is negative. User Growth Disappoints for ZNGA stockMobile-game operators thrive on popularity and engagement. Since they're not selling a console or physical apparatus, they must make their money elsewhere. Usually, this translates to app sales and advertising.The former point is self-explanatory: you can't win if no one is downloading your games. Here, advertising revenue helps to fill any fiscal gaps. However, most advertisers don't like to broadcast to empty screens. If an organization like Zynga wants to stay relevant and solvent, they've got to bring in the numbers.However, the company has failed to gain traction with audiences despite several years in the business. Back in the fourth quarter of 2012, Zynga had an average daily active user (DAU) count of 56 million. In Q4 of last year, average DAUs dropped to 22 million.What's even more startling is that this number hasn't improved much since Q2 2015. During that quarter, DAUs averaged 21 million.Ultimately, ZNGA stock is a risky proposition. Shares are rising, but revenue growth and DAUs aren't following suit. Additionally, fierce competition will make Zynga less likely to address these vulnerabilities.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Compare Brokers The post 3 Reasons to Pull the Plug on Zynga Stock appeared first on InvestorPlace.
[Editor's note: This story was previously published in May 2018. It has since been updated and republished.]Do you think penny stocks are best left to amateur traders who don't understand that cheap stocks are cheap for a reason? It's not an entirely unfair assessment. Many of these young (and doomed) companies are the beneficiaries of great sales pitches, but their investors often end up suffering buyer's remorse.It's a misnomer, however, to think that all penny stocks -- let's quantify them as equities priced at less than $5 per share -- aren't worth owning. Thanks to factors ranging from prolonged weakness in the commodities market to strategic stock splits to poorly-timed IPOs, a handful of these low-priced equities are actually compelling prospects.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks to Buy Leading the Financial Charge Here's a run-down of four of the best penny stocks to mull for 2019, and maybe beyond. All of these names are listed on exchanges. AK Steel Holding Corporation (AKS)One would think the steel business is steady and predictable, with these stocks (and steel prices) ebbing and flowing more or less with the macro economic cycle. That conclusaion isn't correct, however.The steel industry is a volatile mess, with ever-changing supply and demand making it impossible for the likes of AK Steel Holding Corporation (NYSE:AKS) to commit to a plan for the future.As a result, AKS stock has basically gone nowhere for the past 15 years, with everything that could go wrong during that time for AKS going wrong at an inopportune time.That may finally be on the verge of changing, however. With President Trump at least willing to try to level the playing field between the United States' steel companies and overseas rivals at the same time the global economy appears to be picking up some steam, AK Steel is in a proverbial sweet spot. PDL BioPharma Inc (PDLI)PDL BioPharma (NASDAQ:PDLI) is a curious beast. It was initially established as a vehicle to acquire the rights to, or patents on, highly marketable drugs that would ultimately drive income for its investors.It worked too, for a while. As time marched on, however, drug developers realized they could do for themselves what PDL was doing. Ergo, PDL BioPharma has been struggling for a while now to acquire drugs and marketing rights at prices that left room for healthy dividends.That's a big part of the reason PDLI stock has fallen from a value of more than $30 in 2006 to a price of only $3.77 per share now. * 15 Stocks to Buy Leading the Financial Charge Groupon Inc (GRPN)Talk about a fall from grace! Groupon (NASDAQ:GRPN) was a market darling when it went public back in 2011, at a price of $28 per share. It had a honeymoon that didn't last long at all though, with shares retreating into penny-stock territory less than a year later, where it's been stuck ever since.And truth be told, Groupon stock deserved the beating it took. Not only was its pre-IPO growth rate not built to last, but a host of competition has stepped up to the plate in the meantime. Its net income peaked in 2012, and its sales peaked in 2015.The daily-deals company may have finally found a winning formula though, setting the stage for improvement in 2019 and beyond.Analysts say that while sales are apt to fall this year, its EPS should rise. That may be all traders need to see to get this stock back in a nice uptrend. Zynga Inc (ZNGA) Note: Zynga stock has risen slightly above $5 since this column was first published.Last but not least, put Zynga (NASDAQ:ZNGA) on your list of penny stocks to mull for 2019. Yes, this is the same Zynga behind great online games like Words With Friends, FarmVille and several other titles you may not have realized were part of its library.This is the same Zynga that Facebook dropped an exclusivity arrangement with back in 2012, undermining its well-received IPO from 2011 and sending the stock to a sub-$5 price where it's been almost ever since. Though Zynga hasn't done poorly, it's certainly not done nearly as well as investors were expecting it to when it first IPO'd. * 15 Stocks to Buy Leading the Financial Charge Change is brewing though. In 2017, CEO and founder Mark Pincus gave up his control of the company by scrapping the two classes of voting shares that granted him an inordinate degree of voting power.That's not to say he alone was the reason the company was unable to grow in a meaningful way, but it certainly didn't help. In the meantime, its revenue and income are expected to edge higher this year, anyway.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks From Around the World That Beat U.S. Stocks * 7 Breakout Stocks to Watch in 2019 * 5 Cheap Small-Cap Stocks to Buy Compare Brokers The post 4 Penny Stocks to Own for 2019 appeared first on InvestorPlace.
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Today, Zynga Inc. (ZNGA), a leading mobile game developer, announced that Zynga Poker, the world’s largest free-to-play poker game introduced a new Spin and Win mode in its World Poker Tour® Tournament Center. This new mode gives players the thrilling experience of playing short tournaments and a chance to win payouts of up to 10x their buy-in by spinning a prize wheel. Three-handed tournament mode where winner takes all.
The Zacks Analyst Blog Highlights: Zynga, Las Vegas Sands, MGM Resorts International and Boyd Gaming