|Bid||4.01 x 1100|
|Ask||4.44 x 47300|
|Day's Range||4.22 - 4.34|
|52 Week Range||3.20 - 4.57|
|PE Ratio (TTM)||143.33|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.69|
Zynga Inc. today announced it will report its second quarter 2018 financial results on Wednesday, August 1, 2018, at approximately 1:05 p.m. Pacific Time .
Ahead of Q2 earnings, it was starting to feel a little bit like a game of one-upmanship when it comes to Netflix, Inc. (NASDAQ:NFLX) stock. As Netflix stock continues to soar – it had more than doubled this year before Monday’s release – several major Wall Street firms rushed to apply ever-higher targets. Last month, it was Goldman Sachs Group Inc (NYSE:GS) who took its price target on Netflix stock to $490.
My take on Snap Inc (NYSE:SNAP) really hasn’t changed since its 2017 initial public offering. As of the end of the first quarter, Snapchat had 191 million daily active users. Yes, Snap Inc is unprofitable.
Zynga (ZNGA) expects live services to deliver more than 95% of its revenue in 2018. The recent acquisition of Gram Games aligns with Zynga’s efforts to grow its live services business. Gram Games is a mobile game developer headquartered in Istanbul, Turkey, but also runs a studio office in London.
Share repurchase programs are part of Zynga’s (ZNGA) ongoing capital allocation strategy that ties in with the company’s commitment to deliver long-term shareholder value. The company recently announced a new repurchase program of $200 million, coming shortly after it recently completed a repurchase program of a similar amount.
Zynga (ZNGA) has long relied on its domestic market, the US, for two-thirds of its revenues. In the last quarter, for instance, international revenue was 35% of total revenue. International business represented 34% of total revenue in the previous quarter.
Zynga (ZNGA) had an enterprise value (or EV) of $2.9 billion for 2017. In comparison, Symantec (SYMC), FireEye (FEYE), Oracle (ORCL), and International Business Machines (IBM), Zynga’s peer companies in the software sector, have EVs of $15.7 billion, $3.1 billion, $173.9 billion, and $163.4 billion, respectively.
Zynga’s advertising revenue grew 12% YoY (year-over-year) to $44.8 million in the first quarter, representing 22% of total revenue. Advertising revenue jumped 20% YoY and represented 25% of total revenue in the fourth quarter of 2017, which marked the first time since the third quarter of 2016 that Zynga’s advertising revenue grew.
Zynga (ZNGA) has simplified its stock structure by moving away from the contentious multi-class stock structure to a single-class structure, which has enabled Zynga founder, Mark Pincus, to convert all his high-voting shares into regular common shares that carry one vote per share. As a result, Pincus’s control in Zynga has significantly declined with his voting power dropping to about 10% from 70% previously.
NEW YORK, NY / ACCESSWIRE / June 27, 2018 / U.S. markets rebounded on Tuesday after experiencing steep losses the past week due to growing trade tensions. The Dow Jones Industrial Average increased 0.12 ...
In this series, we have looked at the estimated growth of the global games industry and compared it with the four core gaming stocks in the United States. Gaming stocks have had an impressive upward rally over the last two years driven by growth in digital gaming and mobile gaming. Of the 29 analysts tracking Activision Blizzard (ATVI), 21 have recommended a “buy,” and eight have recommended a “hold.” The stock doesn’t have any “sell” ratings.
In the previous part of this series, we saw that the global games market is estimated to rise 13.3% YoY (year-over-year) in 2018. We’ll now see how much revenue growth gaming companies are expecting.
In this series, we’ll look at the performance of top gaming companies in the United States and some of their key growth drivers. We’ll look at Activision Blizzard (ATVI), Zynga (ZNGA), Take-Two Interactive (TTWO), and Electronic Arts (EA). Activision Blizzard has a market cap of $58 billion. In the last 12 months, the stock generated returns of 25%, while in the last month it rose 6.4%. In 2017, ATVI rose 76%, while it has risen over 20% in 2018.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...
Glu Mobile Inc. (NASDAQ:GLUU) has seen a huge move higher. Increased revenue amid the popularity of some of its older games has bolstered the Glu Mobile stock. Now, as it approaches multi-year highs, investors must decide whether Glu can keep increasing its revenue and push the value of the stock past highs not seen since 2015.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Zynga Inc (NASDAQ:ZNGA), with a market cap of US$3.81B, are often out of the spotlight.Read More...
Small-cap stock Zynga Inc. ( ZNGA) surged to a four-year high last week after the San Francisco-based game maker missed first quarter earnings estimates by a penny and guided second quarter revenues below estimates. Zynga stock roared out of the gate following a 2011 IPO, lifting quickly to an all-time high at $15.91. Farmville's enormous popularity attracted intense buying pressure during the brief uptrend, with speculators betting that the game on the Facebook, Inc. ( FB) platform would mark the birth of an entertainment empire.
Nintendo Ltd/ADR (OTCMKTS:NTDOY) has gotten its groove back. Nintendo stock could be poised for a glorious return. The Switch has turned out to be the kind of hardware system that meets the needs of the smartphone generation.
While the social media industry has been hit with lots of terrible headlines lately — such as with privacy and data protection — the stock prices of some of the major players have held up. Facebook, Inc. (NASDAQ:FB) has gained 5%, and Twitter Inc (NYSE:TWTR) has returned a sizzling 42%. In fact, SNAP stock is down a grueling 50% from its 52-week high.