|Bid||6.15 x 800|
|Ask||6.19 x 2200|
|Day's Range||6.06 - 6.25|
|52 Week Range||3.32 - 6.55|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.05|
Zynga Inc. (ZNGA), a global leader in interactive entertainment, today announced the pricing of $600 million aggregate principal amount of 0.25% convertible senior notes due 2024 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Zynga also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $90 million aggregate principal amount of the notes. The notes will be senior unsecured obligations of Zynga and will accrue interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2019, at a rate of 0.25% per year. The notes will mature on June 1, 2024, unless earlier converted, repurchased or redeemed.
Zynga Inc. (ZNGA), a global leader in interactive entertainment, today announced that it intends to offer, subject to market conditions and other factors, $600 million aggregate principal amount of convertible senior notes due 2024 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Zynga also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $90 million aggregate principal amount of the notes. The notes will be senior unsecured obligations of Zynga and will accrue interest payable semiannually in arrears.
"The end to the U.S. Government shutdown, reports of progress on China-U.S. trade talks, and the Federal Reserve’s confirmation that it did not plan further interest rate hikes in 2019 allayed investor fears and drove U.S. markets substantially higher in the first quarter of the year. Global markets followed suit pretty much across the board […]
The multiplayer shooter game along the lines of “Fortnite” is now available on Snap Games, the real-time multiplayer gaming platform that Snap announced in April.
Zynga the casual games developer which once rode Facebook's platform topopularity and riches is now turning its attention to Snap for growth
Zynga Inc. (ZNGA), a global leader in interactive entertainment, today announced the launch of its fast-paced battle royale game, Tiny Royale™, exclusively on Snap Inc’s (NYSE: SNAP) new real-time multiplayer gaming platform, Snap Games. Tiny Royale™ is a top-down multiplayer shooter that reinvents the battle royale experience for the Snapchat platform.
The path to profitability had better be short if Uber wants to stop hemorrhaging money; plus more earnings from tech, retail, and more.
Mobile gaming company Zynga finally sold its headquarters building last week, raising millions in the process. So now what?
Zynga Inc NASDAQ/NGS:ZNGAView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * 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 $1.23 billion 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 email@example.com.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.
Barclays lowered its price target on Tesla to $150 from $192 Morgan Stanley lowered its price target on Apple to $231 from $240 Goldman Sachs upgraded Citi to buy from neutral UBS downgraded Verizon to neutral from buy Guggenheim upgraded Comcast to buy from neutral Stephens upgraded Zynga to overweight from equal-weight Deutsche Bank downgraded U.
Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced that Game of Thrones Slots Casino has launched globally on the App Store and Google Play, with versions for Facebook and the Amazon Appstore coming soon.
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Zynga Inc (NASDAQ: ZNGA) shares are up 57.7 percent year to date, but some option activity on Tuesday morning suggests it may be game over for the Zynga rally. On Tuesday morning, Benzinga Pro subscribers received two options alerts related to Zynga.
Shares of Zynga Inc. are up 2.3% in midday trading Tuesday after the company announced that it had agreed to sell its corporate headquarters with a leaseback provision. The deal, which is expected to close in July, carries a net cash benefit of about $600 million. Piper Jaffray analyst Michael Olson called the deal "dry powder" for future M&A. "We believe the primary use of cash will be potential acquisitions of smaller studios that can complement the Zynga portfolio," he wrote. "However, we are not anticipating a major, transformative acquisition, but instead, opportunities similar to its recent spate of purchases." Olson rates the stock at overweight. Zynga shares have gained 58% so far this year, as the S&P 500 has risen 13%.
Zynga Inc. said Tuesday it has agreed to sell and lease back its corporate headquarters from a unit of Beacon Capital Partners in a deal valued at about $600 million. The deal is expected to close before the end of July. Zynga will enter a 12-year lease that will expire in July 2031 with the option to extend it by 22 years. The initial base rent will be about $10 million for the first year of the lease and may increased by more than 3.25% a year starting in July 2020. Shares rose 1.8% premarket and have gained 45.3% in the last 12 months, while the S&P 500 has gained 3.9%.
Zynga to Lease Back Space and Remain Headquartered in San Francisco
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...