ZNGA - Zynga Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
6.28
-0.05 (-0.79%)
At close: 4:00PM EST
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Previous Close6.33
Open6.35
Bid6.25 x 27000
Ask6.28 x 38800
Day's Range6.26 - 6.35
52 Week Range3.32 - 6.65
Volume9,080,171
Avg. Volume17,087,096
Market Cap5.94B
Beta (3Y Monthly)0.30
PE Ratio (TTM)125.60
EPS (TTM)0.05
Earnings DateFeb 4, 2020 - Feb 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.44
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  • Download Some Profits From Zynga Stock
    InvestorPlace

    Download Some Profits From Zynga Stock

    By most measures, Zynga (NASDAQ:ZNGA) has an exciting growth narrative. For one thing, Zynga stock is up more than 60% year-to-date, easily outpacing the broader markets. More importantly, shares represent a sharp contrast to rival Glu Mobile (NASDAQ:GLUU), which is down nearly 30% YTD.Source: 360b / Shutterstock.com Not only that, Zynga has the fundamental goods to back up Wall Street's enthusiasm. A few weeks ago, the mobile gaming specialist released its results for the third quarter. Against a consensus target for earnings per share of 5 cents, the company produced an EPS of 24 cents. Not surprisingly, ZNGA stock enjoyed outsized gains following the disclosure.Drilling into the details, one of the most impressive components was the growth picture. ZNGA rang up $345 million, representing a 48% lift from the year-ago quarter's haul of $233.2 million. Although analysts were expecting $386 million, the actual tally beat out the $325 million management had previously forecasted.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd just as critical for the future prospects of Zynga stock were bookings of $395 million. According to Zynga CEO Frank Gibeau, this sets up a very positive demand picture for the coming new year. Moreover, both the quarterly bookings and the revenue haul were company records.Put another way, betting against ZNGA stock appears like a foolish way to lose money. * 10 Cheap Stocks to Buy Under $10 Furthermore, the broader gaming industry is shifting positively for Zynga stock. Smartphone-based games have increased their market share at the expense of traditional gaming platforms. Of course, as digitalization proliferates globally, we can expect mobile games to continue dominating.That said, ZNGA stock has had trouble moving decisively past its highs of earlier this summer. Is this just a blip or a sign to get out? Not All Is Well With Zynga StockWith so many positive factors bolstering ZNGA stock, it's hard to imagine any negatives surrounding the underlying company. And as I mentioned earlier, the gaming industry favors the mobile platform.For instance, when I do some gaming, I prefer consoles, such as Sony's (NYSE:SNE) PlayStation. But no matter how you break it down, a console isn't cheap. Add in the latest games and you're racking up a pretty penny. However, if you have a smartphone, you already have the "console." Thanks to Zynga's easily accessible app platform, you can get up and running in no time.Thus, given that Zynga stock is basically Facebook (NASDAQ:FB) with video games, one should expect continued user growth. However, the latest third-quarter report revealed that is not what's happening. Daily active users measured 20 million, flat against Q3 2018 results. Additionally, monthly active users tallied 67 million, down 14% from the year-ago quarter.To be fair, bookings per DAU increased noticeably to 20 cents from 12 cents. However, ZNGA bases its business model on connecting people globally through video games. Thus, you can't just use bookings per DAU as a detraction against nominally flat DAUs and sinking MAUs.Interestingly, Zynga's partnership with Snap (NYSE:SNAP) may offer some clues. As you know, Snap caters to a younger audience. And video games likewise appeal more toward younger people.According to a Pew Research Center study, 60% of Americans aged 18-29 play video games at least some of the time. Among those aged 30-49, the metric drops to 53%. And once you reach 50 years or above, video-game playing falls off a cliff.In other words, Zynga stock may be at risk of aging out like its partner-in-crime Snap. Go Tactical With ZNGA StockAlso, to be fair, the mobile game industry challenges that I mentioned are not limited to ZNGA. Case in point is Glu Mobile, where its DAUs have declined almost 3% between Q3 2018 and Q3 2019.But the difference is that the markets have already penalized GLUU stock. Therefore, the upside ceiling for GLUU is likely technically higher than it is for ZNGA stock.On the flip side, as a Zynga stakeholder, you're more worried about holding the bag. That concern is especially valid considering that the equity has seemingly encountered tough resistance at around the $6.40 level.In conclusion, I think it's wise to trim some profits off of Zynga stock. Although the company's Q3 results were impressive, the declines in user base is off-putting. Furthermore, it's interesting that despite such great results on paper, ZNGA remains below a clearly defined ceiling.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks to Buy for the Rest of 2019 * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline * 5 Stocks to Buy That Are Set for Monster Growth in 2020 The post Download Some Profits From Zynga Stock appeared first on InvestorPlace.

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  • Bloomberg

    EQT Nears Up to 650 Million Euros for Second Venture Fund

    (Bloomberg) -- EQT Partners AB, the Nordic buyout firm, is set to raise as much as 650 million euros ($716 million) for its latest venture fund, adding to the growing number of sizable European-based pots of capital chasing investments in startups.Stockholm-based EQT Ventures could reach a final close of between 600 million euros and 650 million euros in the coming weeks for its second venture fund, people familiar with the matter said, asking not to be identified as the process is private.A representative for EQT Ventures declined to comment.Launched in 2016, EQT Ventures raised 566 million euros for its maiden fund. The firm buys stakes in tech startups and invests between 1 million euros and 75 million euros in startups across Europe and the U.S.Led by Hjalmar Winbladh, the fund’s recent investments include autonomous electric transport system Einride and Beat81, a German-based fitness technology. The fund had its first exit in December when Zynga Inc. acquired control of Small Giant Games Oy for $560 million.Venture capital investment in Europe has already set a record this year. Investment over the first three quarters of the year hit $28.1 billion, surpassing the amount spent in all of 2018, according to a report from KPMG.Balderton Capital, the London-based venture capital firm, recently raised $400 million, making it one of the biggest early-stage investment funds in Europe, while Accel put together a $575 million fund for investments in European and Israeli startups in May.To contact the reporters on this story: Sarah Syed in London at ssyed35@bloomberg.net;Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Dinesh Nair at dnair5@bloomberg.net, Aaron Kirchfeld, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of ZNGA earnings conference call or presentation 30-Oct-19 9:30pm GMT

    Q3 2019 Zynga Inc Earnings Call

  • Diamond Hill Continues to Buy Baidu, Deere
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  • Zynga Features English Hypercars in CSR Racing 2 With ‘Best of British’ Event Series
    Business Wire

    Zynga Features English Hypercars in CSR Racing 2 With ‘Best of British’ Event Series

    Zynga Inc. , a global leader in interactive entertainment, has launched a ‘Best of British’ event series in CSR Racing 2 . ‘Best of British’ is a six-event collection series running through November 8 that features British hypercars such as the McLaren Senna, Noble M600 Carbon Sport, Ginetta Akula, Ultima RS and TVR Sagaris, among others.

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  • Is Zynga (ZNGA) Stock Outpacing Its Consumer Discretionary Peers This Year?
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    Is (ZNGA) Outperforming Other Consumer Discretionary Stocks This Year?

  • How Zynga is rising from the dead
    American City Business Journals

    How Zynga is rising from the dead

    After hitting a low point where its revenue and workforce were virtually cut in half of its 2012 peak over the years, Zynga is poised to reach its peak revenues and make further progress in rebuilding its workforce later this year.

  • Benzinga

    Bank Of America: Zynga's Outlook Keeps Sentiments In Check Despite Earnings Beat

    Although Zynga Inc (NASDAQ: ZNGA ) reported third-quarter results ahead of expectations, the 2020 outlook reflected lower margins, which kept the stock’s uptrend in check, according to Bank of America. ...

  • Zynga and Alec Baldwin Preview Creative Collaboration Celebrating the 10-Year Anniversary of Words With Friends
    Business Wire

    Zynga and Alec Baldwin Preview Creative Collaboration Celebrating the 10-Year Anniversary of Words With Friends

    Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced details of its creative collaboration with Emmy Award-winning actor, producer and director Alec Baldwin. A long-time player of Zynga’s iconic mobile game Words With Friends, Baldwin joins the title’s ongoing 10th anniversary celebration with a promotional content campaign, lending his signature wit and wry sensibility to humorous video vignettes that will be released over the next several months. In a sneak peek video interview just released, Baldwin discusses his personal connection to the game.

  • Zynga (ZNGA) Reports Break-Even Earnings for Q3
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    Zynga (ZNGA) Reports Break-Even Earnings for Q3

    Zynga (ZNGA) delivered earnings and revenue surprises of -100.00% and 2.03%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • 'Dragons' drive Zynga's third quarter, 'GoT' casino game boosts forecast
    Reuters

    'Dragons' drive Zynga's third quarter, 'GoT' casino game boosts forecast

    The FarmVille-maker also forecast current-quarter bookings above expectations, boosted by the initial success of its recent social casino title "Game of Thrones Slots Casino" and the sequel to its adventure puzzle game "Merge Magic!". Bookings, an important metric indicating future revenue, include the sales of virtual goods such as currency and lives. The mobile game-maker reported bookings of $395 million for the third-quarter ended Sept. 30, above analysts' average estimate of $384.4 million, according to IBES data from Refinitiv.

  • MarketWatch

    Zynga shares jump 4% on earnings beat

    Zynga Inc. shares rose 4% in after-hours trading Wednesday after the digital-gaming company reported third-quarter results that exceeded analysts' earnings estimates. Zynga reported net income of $230 million, or 24 cents a share, compared with $10.2 million, or a penny a share, in the year-ago period. (Net income included a one-time gain related to the sale of Zynga's San Francisco building.) Revenue skyrocketed 48% to $345 million from $233.2 million a year ago. Analysts surveyed by FactSet had expected earnings of 5 cents a share on revenue of $386 million. "We're definitely in growth mode here, with bookings of $395 million," Zynga Chief Executive Frank Gibeau told MarketWatch in a phone interview. "This should set us up nicely for 2020." The San Francisco-based company raised its full-year revenue guidance to $1.28 billion, up 41% year-over-year and up to $42 million from prior guidance. Zynga shares are up 58% this year. The S&P 500 index has gained 21% this year.

  • Business Wire

    Zynga Announces Third Quarter 2019 Financial Results

    Reports Highest Quarterly Revenue and Bookings in Zynga History

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    The mobile-videogame publisher provided guidance for the current quarter that was higher than Wall Street had anticipated.

  • Zynga (ZNGA) to Report Q3 Earnings: What's in the Cards?
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    Zynga's (ZNGA) third-quarter 2019 results are likely to benefit from growth in its mobile live services supported by new and existing franchise games.

  • Does Zynga (NASDAQ:ZNGA) Have A Healthy Balance Sheet?
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  • Zynga Stock Is a Buy, But Maybe Not Right Before Earnings
    InvestorPlace

    Zynga Stock Is a Buy, But Maybe Not Right Before Earnings

    Zynga (NASDAQ:ZNGA) reports its third-quarter earnings Oct. 30 after the closing bell. The San Francisco-based gaming company has staged a comeback in 2019. After years of stagnation, Zynga stock has sprung back to life as first revenues and now profits see massive increases. Although this growth makes a compelling case for the company long term, investors should not hurry to buy ZNGA before the company reports earnings.Source: Sundry Photography / Shutterstock.com For the company's third quarter, Wall Street forecasts earnings of 5 cents per share. If this estimate holds, it will match the profits reported for the same quarter last year. However, for revenues, analysts predict $384.4 million. This would amount to a 54.4% increase from last year when the company brought in $248.9 million.In recent weeks, ZNGA stock has achieved its highest levels since its post-IPO fall. As it spent most of the decade trading in the $2-$3 per share range, many wondered whether it would ever recover.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, with the revenue, and now the profit growth, Zynga stock has proven itself as more than a flash in the pan. With the advent of smartphones and tablets, Zynga took the opportunity to produce compelling games on the platforms to which gamers increasingly turn. Games such as Words With Friends, Farmville and Zynga Poker continue to boost Zynga's profile as well as its stock. * 7 Safe Stocks to Buy and Hold Through 2020 Still, investors need to consider its competition. It has faced challenges in the mobile space from Glu Mobile (NASDAQ:GLUU) and Chinese conglomerate Tencent (OTCMKTS:TCEHY). Also, more established players who have traditionally focused on console-based games have begun to increasingly adopt mobile. As InvestorPlace's Chris Lau reported, Activision Blizzard (NASDAQ:ATVI) has partnered with Tencent on a mobile version of Call of Duty. ZNGA Benefits From Gaming BifurcationHowever, I see gaming as an industry that may drift away from the console as that device becomes increasingly obsolete. Competitive gamers prefer PC-based platforms which offer faster speeds. More casual players have increasingly gravitated to smartphone and tablet-based games. This trend moves in favor of Zynga as many gamers turn to their personal devices.For this reason, I think investors should ask when, not if, they should buy Zynga stock. From a longer-term perspective, the company looks positioned to grow its profits by an average of 18.2% per year over the next five years. Despite this growth rate, ZNGA stock trades at about 22.6 times forward earnings. This is despite a move that has taken Zynga stock higher by over 50% since the beginning of 2019.Investors also have good reasons to not buy before the earnings report. Most of the move higher in Zynga stock took place during the first four months of the year. Since May, ZNGA has traded in a range. Moreover, the company missed earnings estimates on a non-GAAP basis during the second quarter. ZNGA stock still sells at about 5% below the levels it saw before the July earnings report. The Bottom Line on Zynga StockZynga stock looks poised to resume moving higher long term, but investors should hesitate to buy this stock before earnings. Analysts expect no profit growth from the same quarter last year despite a massive revenue increase. Also, ZNGA has not fully recovered from an unusual earnings miss in the third quarter.Admittedly, Zynga could deliver a blowout quarter and spike to multi-year highs. It could also disappoint investors and remain in a range. This makes ZNGA a short-term gamble. However, longer term, the outlook for growth, profits and increasing market share look more favorable. This makes Zynga stock a great buy, at least at the right time.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 Stocks to Sell for Investors Fearing Another Q4 Downturn * 5 Penny Stocks to Buy If You Can Risk It * 7 Safe Stocks to Buy and Hold Through 2020 The post Zynga Stock Is a Buy, But Maybe Not Right Before Earnings appeared first on InvestorPlace.

  • Going Into Earnings, Do Not Bite Into More Apple Stock
    InvestorPlace

    Going Into Earnings, Do Not Bite Into More Apple Stock

    It seems Apple (NASDAQ:AAPL) stock found its footing faster than I had predicted. After forecasting that it would stagnate, Apple stock has since risen by more than 15% since I made that call in late August.Source: Shutterstock However, many of the points that I made in August remain concerns. As Apple prepares to report earnings for its fourth quarter, Apple stock should continue to deliver for long-term holders. However, near-term, I see little if any upside in AAPL stock. Expect Lower Earnings, RevenueApple will report earnings for its previous quarter on Oct. 30 after the market close. The consensus estimate of $2.83 per share falls short of the $2.91 the company earned in the same quarter last year. Analysts also forecast a decline in revenue to $62.88 billion. This would only represent a modest decline from the year-ago level of $62.9 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy and Hold Through 2020 Apple usually exceeds earnings estimates. I do not think that trend will break in this quarter. However, I believe guidance will determine how Apple stock reacts to the news. Given the fundamentals and market conditions, it will probably have to impress Wall Street to prevent a drop in AAPL. Beware the (Comparatively) High Multiple in AAPL StockThe forward price-to-earnings (PE) ratio of Apple stock has risen to 18.9. I usually do not balk at such a multiple for most equities. However, this is Apple. The Apple stock price now stands at around $241 per share. This takes it near all-time highs and puts in a battle with its long-time rival Microsoft (NASDAQ:MSFT) for the world's largest market cap.In recent history, a forward PE in the teens (and a trailing PE of 20.5 like we see now) has represented a near-term high for Apple stock. Moreover, we do not yet know if AAPL has established a double top at current levels. Given the uncertainty Apple faces, I would not expect these trends to break at this time. Uncertainly for AAPL Stock RemainsUncertainty hurts Apple stock in other ways. AAPL exhibits many of the same characteristics that it had when I recommended not buying in late August. Though optimism has risen about a trade agreement, the U.S. and China have not finalized a deal. Even if they came to an agreement, such an event could easily become a reason to "sell the news."Moreover, the company remains heavily dependent on the iPhone for revenue. I think the 5G upgrade cycle will mitigate much of the negativity surrounding the device. After all, analysts forecast 9.5% earnings growth for fiscal 2020.However, competition from lower-cost phones running Android has many thinking twice about a device that can run as high as the iPhone 11 Pro Max at $1,449. Some competing phones sell for as low as $199. Consequently, Apple has cut prices on some of its older iPhone models.Moreover, the company proposed new offerings to boost revenue. However, until Apple releases these new applications it is unclear how Apple TV+ will compete against the likes of Netflix (NASDAQ:NFLX) or how much an Apple Arcade will cut into the business of companies such as Zynga (NASDAQ:ZNGA). This creates all the more reason that holders of Apple stock will need to see some upbeat guidance. The Bottom Line on Apple StockEarnings will likely confirm the lack of near-term upside for Apple. Most expect to see a drop in revenue and earnings due to falling iPhone sales. The 5G upgrade cycle will ease some of the pain. However, for Apple stock move higher, investors will need to see new sources of revenue succeed as iPhone sales continue to drop. Moreover, the forward PE ratio has reached the high teens, a valuation where Apple stock has hit a peak in recent years.This is not to say I have turned negative on Apple stock longer term. I still think Apple produces compelling products. I even purchased a MacBook Air recently. Also, I would never bet against a company whose last reported cash position stood at $210.6 billion. If in-house innovation does not compensate for lost iPhone income, the cash on hand will buy a new source of growth. Apple simply has to find it.Many reading this have owned Apple stock for the long haul. For them, my recommendation is to collect the $3.08 per share of annual, rising dividends and to ride out the ups and downs.However, for those who went against my recent advice and bought a short-term position, I expect to see few additional reasons for optimism. These traders should sell before Apple releases fourth-quarter earnings.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 Stocks to Sell for Investors Fearing Another Q4 Downturn * 5 Penny Stocks to Buy If You Can Risk It * 7 Safe Stocks to Buy and Hold Through 2020 The post Going Into Earnings, Do Not Bite Into More Apple Stock appeared first on InvestorPlace.

  • Zynga (ZNGA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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  • Zynga (ZNGA) Stock Moves -0.16%: What You Should Know
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    Zynga (ZNGA) Stock Moves -0.16%: What You Should Know

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