|Bid||5.65 x 21500|
|Ask||5.93 x 4000|
|Day's Range||5.86 - 5.98|
|52 Week Range||4.11 - 11.75|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 3, 2020 - Feb 7, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.44|
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Glu Mobile Inc. , a leading global developer and publisher of mobile games, today announced that Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer,
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.
Glu Mobile Inc. , a leading global developer and publisher of mobile games, today announced that Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer, is scheduled to participate in a fireside chat at the Stephens Nashville Investment Conference in Nashville, TN on Wednesday, November 13, 2019 at 4:00 p.m.
Glu Mobile (GLUU) delivered earnings and revenue surprises of -100.00% and 8.00%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
SAN FRANCISCO-- -- Revenue of $107.1 million and net loss of $ million Record bookings of $120.4 million, up 20% year over year Three Growth Games each achieved all-time quarterly record bookings Disney Sorcerer’s Arena on track for worldwide launch late Q1 2020 Revises full year 2019 guidance upward Glu Mobile Inc. , a leading global developer and publisher of free-to-play mobile games, today announced ...
Glu Mobile's (GLUU) third-quarter 2019 results are likely to benefit from strength in growth titles and contributions from recent game launches such as Diner DASH Adventures and WWE Universe.
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you buy shares in a...
Glu Mobile (GLUU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
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.
So far, Glu Mobile shares have risen 8.9% today. Reportedly, the company will replace SolarEdge Technologies in the S&P; SmallCap 600 Index on Friday.
NEW YORK , Oct. 14, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent SolarEdge Technologies Inc. (NASD: SEDG) will replace International Speedway Corp. (NASD: ISCA) in the S&P MidCap 400, and Glu Mobile ...
Glu Mobile Inc. , a leading developer and publisher of mobile games, today announced that on October 8, 2019, its Compensation Committee awarded time-vesting restricted stock unit awards covering an aggregate of 95,303 shares of Glu’s common stock to three newly hired employees, each pursuant to Glu’s 2018 Equity Inducement Plan.
Glu Mobile Inc. , a leading developer and publisher of mobile games, today announced that it will report its financial results for the third quarter ended September 30, 2019 after the U.S.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Shares of Glu Mobile moved sharply higher Wednesday after a top analyst kicked off coverage of the developer of mobile games for smartphones and tablets with a bullish note. Glu's stock price jumped nearly 5.4% to $5 after D.A. Davidson initiated coverage with a buy rating and an $8 target price. Glu is now ramping up work on dozens of games as it hunts for a mega hit, with the firm's "growth story" in its "early innings," analysts at D.A. Davidson wrote.
NEW YORK, Sept. 23, 2019 -- Levi & Korsinsky notifies investors that it has commenced an investigation of Glu Mobile Inc. (“Glu Mobile” or “the Company”) (NASDAQ: GLUU).
NEW YORK , Sept. 17, 2019 /PRNewswire/ -- Alcentra Capital Corporation (ABDC) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of Alcentra ...