|Bid||0.00 x 42300|
|Ask||0.00 x 36200|
|Day's Range||6.26 - 6.39|
|52 Week Range||3.32 - 6.55|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.12|
If you want to know who really controls Zynga Inc. (NASDAQ:ZNGA), then you'll have to look at the makeup of its share...
Zynga Inc. today announced it will report its second quarter 2019 financial results on Wednesday, July 31, 2019, at approximately 1:05 p.m. Pacific Time .
Shares of Zynga haven’t moved much since news of its multimillion-dollar headquarters sale. One bull says that’s about to change.
Take-Two Interactive Software stock fell Thursday after a brokerage firm downgraded the game publisher. The same firm also named Activision stock as its "top pick" among video game stocks.
Electronic Arts (NASDAQ:EA) shares have done little since news of the initial success of its battle royale game, Apex Legends, back in February. At that point, it traded at around $97 per share. Today, the EA stock price sits at a little over $101 a pop.Source: Electronic ArtsThe company continues to release new games, the success of which could send EA higher. Still, unless one knows this industry well beyond the financials, I see only difficulty in profiting from Electronic Arts stock. EA Stock Back to Its Rangebound WaysEA stock also has shown a long history of rangebound trading. It settled in a range between 2003 and 2008 and again from 2009 to 2012. Yes, EA has risen by nearly ten-fold from the lows of 2012. Still, the equity first reached the $100-per-share range more than two years ago. Since then, it has seen no net gain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe financials offer little incentive to break the pattern. Analysts expect earnings 7.1% higher this year and 12.3% the next. Even with a forward price-earnings ratio of around 19.5, EA offers little reason to buy or sell based on metrics. It also makes the rangebound patterns of EA stock over the last four months understandable. Only Gamers Should Play EA StockHowever, I don't just have an issue with Electronic Arts stock. Its peers, such as Activision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) also worry me. Yes, traders need to closely follow the metrics of EA stock. However, predicting its next move involves understanding both the games and the electronic-gaming industry at large. * The 7 Top Small-Cap Stocks Of 2019 A successful game could change the game (pardon the pun) for EA. The company may get another crack at Apex Legends-driven euphoria when it releases Apex Legends enters its Season 2 in early July. It could also receive a boost from new releases of Madden NFL or FIFA soccer franchises. My colleague Luke Lango predicts $110 per share for Electronic Arts stock if a game release succeeds.His prediction could easily prove correct. The problem is that $110 takes the EA stock price to the top of the recently established range. What EA truly needs is the catalyst that will bring it above that level.Longer term, Electronic Arts stock also needs an impetus that will take it past last year's record high of $151.26 per share. Traders Should Know More than Just Console GamesKnowing that means understanding the games. More importantly, the rise of device-based games from companies such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU) brings more competition from PC or console-based games. Furthermore, companies such as Tencent (OTCMKTS:TCEHY) prove the industry faces additional threats from China.I have not owned a gaming console for years. Plus, more than a decade has passed since I last played my old favorite, Madden NFL. Consequently, I no longer possess any intuitive understanding of games.Also, the EA stock price trading in the middle of its range, it does not interest me. However, investors that know the games and can quickly assess whether a given release will resonate with consumers could see opportunity at these levels. The Bottom Line on EA StockEA stock investors have to understand not only financials and stock patterns, but electronic gaming itself. Like many points in its history, EA has again established a pattern of rangebound trading. The equity now trades in the middle of its range. Hence, barring a range-breaking event, investors have as much to gain as they have to lose right now.However, an understanding of such events changes the buy proposition. Investors with more intimate gaming-industry knowledge possess a better understanding of the releases that will resonate, both with them and consumers. As a result, knowing the games places a trader in a better position to know when EA stock could surge.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 * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Only This Type of Investor Should Try to Game EA Stock appeared first on InvestorPlace.
Learn about six of the most famous failures in the video game industry. The video game industry pulls in $100 billion in revenue annually. Failed companies offer a cautionary tale.
The good news for both kinds of apps is that people use them a whole lot. The bad news is that the majority of mobile device users download no new apps each month.
Video games have evolved into a multi-billion-dollar industry supported by advancements in technology, high-speed connectivity, and customized gadgets.
Sharing the spirit, authenticity and sense of community with the FarmVille franchise, Yearwood will lend her likeness and her new single to FarmVille 2: Country Escape, to kick off Zynga’s multi-month anniversary celebration.
(Bloomberg) -- Creandum, an early investor in Spotify Technology SA and iZettle AB, has raised a 265 million euro ($300 million) fund, in a bid to find and back Europe’s next tech superstars.With offices in Stockholm, Berlin and San Francisco, the venture capital fund returned more than $800 million to investors last year after exits from previous investments, such as Spotify, which went public on the New York Stock Exchange, and Small Giant Games, which was acquired by Zynga Inc.With it’s fifth and latest fund, Creandum will continue to target early-stage investments in so-called seed and A rounds in areas including food, health tech, mobility, fintech as well as logistics, manufacturing software and energy."We try to continue to stay small, despite a chance to raise more money," Johan Brenner, the general partner at Creandum, said in an interview, adding the fund’s backers are comprised of 26 investors, including pension funds, endowments and family offices in Europe, the U.S. and Asia.Creandum turned away some investors to keep the fund small, Brenner says, adding that it would help "to focus on the early stage, where we think the best investments can be made and the best returns can be made for our investors."While a larger fund would allow the firm to make many more small investments, Creandum wouldn’t have the time to support the investments and the management, resulting in lower returns, Brenner said. Creandum said it has already made some investments through the new fund that are yet to be announced.Creandum’s fund size compares to peers that have raised much larger pools of capital. Accel, an early investor in Slack Technologies Inc., in May announced it has raised a $575 million fund aimed at nascent companies in Europe and Israel. While European insurer Allianz SE unveiled in February it was increasing the size of its tech investment fund to 1 billion euros.The Creandum II fund, which started in 2007, has returned about 1,000 percent. The fund in May 2018 sold its stake in iZettle to PayPal Holdings Inc. It was also one of the first institutional investors in Spotify in 2008.(Added context on Creandum II fund.)To contact the reporter on this story: Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg Opinion) -- On Tuesday, Facebook announced its new cryptocurrency Libra with a white paper and prototype of the client software. Regulators are already tripping over themselves to regulate Libra, but the cryptocurrency isn’t even complete. Not just in need of updates. Libra is incomplete in the sense that its creators are still figuring out what to build.Libra’s documentation is a monstrosity, a 12-page white paper accompanied by 96 pages of technical detail. The papers are far from expository. There are vague references to empowering the unbanked and transitioning from centralization to decentralization, and an unspecified shift from permissioned access to permissionless with open participation in governance. The documents not only describe a lot of functionality that hasn’t been built but also refer to major architectural features that have yet to be invented.(1)“Make it up as we go along” is reasonable for a seed-stage startup, but not something one would expect from a half-trillion-dollar tech company — especially not one that’s collecting $10 million checks from prospective members.I spent an afternoon installing Libra with the goal of creating my own digital asset, and it was not an empowering experience. Most of the features were unavailable or unimplemented, and there was little functionality beyond the ability to place fake coins in a wallet. It’s odd that a company like Facebook would release software in such a state.The experience is a far cry from Facebook’s developer tools for its social network. The Facebook developer platform offers a set of programming interfaces for developers to integrate with the open “social graph” of personal relations, and when it launched in 2007, an ecosystem immediately sprang up to support it. In that case, Facebook erred on the side of being too openhanded with the tools it made available, and had to tighten access later on. Numerous companies built their business models by leveraging Facebook’s developer platform, from Cambridge Analytica to Zynga. Stanford even offered a computer science class to teach students to create Facebook apps.A developer platform may be the ultimate plan for Libra. The Libra “blockchain” was implemented in a trendy high-performance language called Rust, with open-source code hosted on Github, where hundreds of prospective Libra developers have already gathered to provide input. It’s possible that the Libra Foundation members will eventually provide funding for Libra app developers the same way the Ethereum Foundation provides grants to support those who build smart contracts for the Ethereum blockchain.Given the nonfunctionality of the current software and ambiguity of the white paper, it’s clear that Libra’s announcement was intended to solicit feedback from regulators rather than to win over users. Lawmakers are not known for their ability to accommodate rapid iteration, so it makes sense that Facebook would put out a rudimentary proposal before investing more energy and reputation in crypto.Regardless, the burden is now on regulators to define the boundaries rather than complain about a Cambridge Analytica type of scandal later on. Officials should have learned that if you give people tools, they will develop things in ways that will surprise you. Regulators do not like to be surprised.(1) From the white paper: ”We do not believe that there is a proven solution that can deliver the scale, stability, and security needed to support billions of people and transactions across the globe through a permissionless network. One of the association’s directives will be to work with the community to research and implement this transition.”To contact the author of this story: Elaine Ou at firstname.lastname@example.orgTo contact the editor responsible for this story: Philip Gray at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Elaine Ou is a Bloomberg Opinion columnist. She is a blockchain engineer at Global Financial Access in San Francisco. Previously she was a lecturer in the electrical and information engineering department at the University of Sydney.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Small Giant Games (“Small Giant”), a subsidiary of Zynga Inc. (ZNGA), a global leader in interactive entertainment, is announcing an epic expansion to its popular franchise, Empires & Puzzles. A brand new building, the Hunter’s Lodge, is also being introduced, allowing players to craft new battle items. “Since the Small Giant team joined the Zynga family last year, we’ve been blown away by their continued ingenuity in innovating within Empires & Puzzles, a cornerstone of our portfolio of forever franchises,” said Bernard Kim, President of Publishing at Zynga.
Zynga Inc NASDAQ/NGS:ZNGAView full report here! Summary * 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 | NeutralETF activity is neutral. ETFs that hold ZNGA had net inflows of $1.47 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. 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 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 […]