|Bid||5.01 x 1400|
|Ask||5.02 x 900|
|Day's Range||4.96 - 5.14|
|52 Week Range||3.32 - 5.14|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||279.44|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.40|
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that Zynga (NASDAQ: ZNGA ) has been a bad stock for a long time, but now it has become an up stock. He sees it as a speculative stock. ...
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Thursday evening: Zynga : "This has become an up stock, but it remains speculative.
Many saw the value of their U.S. equity holdings drop in the period, as the industry careened toward its worst year since 2011. Investors pulled $42.3 billion from hedge funds, the most in at least five years, industry tracker BarclayHedge said in a report. Billionaire David Tepper’s hedge fund greatly reduced its holdings of U.S.-listed stocks in the fourth quarter.
NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
HENDERSON, NV / ACCESSWIRE / February 13, 2019 / One of the best opportunities we've found is, Gopher Protocol Inc. (GOPH) , an Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies ...
Zynga Inc. , a leading social game developer, announced today that members of its management team will present at the following upcoming investor conferences.
Zynga Inc. (ZNGA) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
This year has been an unusually bullish one for U.S. stocks. Granted, the market started 2019 with the advantage of a steep selloff during the final three months of last year, setting up a big bounce out of an oversold condition. Traders remain confident at current levels, however, not flinching at the first whiff of potential trouble.The S&P 500's 15% advance from the late-December low hasn't just put the broad market back into a bullish mode, however. It has yanked some stocks out of a rut and back into an uptrend as well. In many of those cases, that turnaround coincides with a fundamental turnaround from the company itself. * Buy These 5 Stocks to Play the Megatrend of the Century With that as the backdrop, here's a rundown of the nine best U.S. stocks to plug into for a turnaround effort. All of them have made good forward progress, developing some momentum as a result. A closer read of their respective headlines also reveals the much-needed rhetoric has taken a turn for the better, reflective of fresh profit growth, sales growth or both.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn no particular order… Snap (SNAP)Some investors had altogether given up on Snapchat parent Snap (NYSE:SNAP), convinced there just wasn't room for a third social media name in an environment that included Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). SNAP stock, between its February 2017 high hit shortly after its IPO and its low in December of last year, lost more than 80% of its value, while slowing user growth finally turned negative in the middle of 2018.A glimmer of hope started to shine during the final quarter of last year. Its daily user total stabilized, and the habitual losses finally began to shrink.It's far from an ironclad turnaround, but it has been enough to spark over a 70% rebound from its December low. Coty (COTY)Like Snap, beauty company Coty (NYSE:COTY) is a name many investors had given up on. Shares fell 80% between early 2016 and the end of last year, mostly in response to an uninterrupted streak of declining revenue and shrinking profits.It's another name, however, that may have turned a corner nobody was expecting it to. COTY stock is up nearly 80% since its late December low, with most of that gain spurred by last quarter's revenue and earnings. Both topped estimates. * 10 Best Dividend Stocks to Buy for the Next 10 Months Bonus: Several new executives -- including a new CFO -- have been named, setting the stage for some much-needed change in how the organization is managed. Bolstering the bullish argument is this week's report that JAB Holding Co. is looking to take on a major equity stake in COTY stock at its current price. Zynga (ZNGA)Yes, the name behind popular casual gaming titles like Farmville, Words with Friends and Mafia Wars is still alive and kicking, even though its top games have largely run their course. In fact, Zynga (NASDAQ:ZNGA) CEO Frank Gibeau recently stated "Zynga's turnaround is now complete," referencing last year's 5% improvement in revenue, leading into more earnings growth for this year.The key has been a successful transition to mobile. Mobile engagement now make up more than 90% of game-play sessions, and Zynga has made a point of developing or acquiring the right games to engage players where they want to play. Its purchase of Gram and Small Giant gave it Merge Dragons and Empire of Puzzles, respectively, and both have been needed hits.ZNGA stock is up 24% year-to-date after a lackluster 2018. Nektar Therapeutics (NKTR)Despite Tuesday's 9% setback, Nektar Therapeutics (NASDAQ:NKTR) shares are still up over 25% for the year so far, unwinding what has been a pretty miserable past few months.The stock's budding turnaround was largely prompted by hope for major progress this year. At the J.P. Morgan Healthcare conference held very early this year, Nektar announced several ambitious goals for the year, including the potential release of an abuse-deterrent opioid painkiller. * 7 Reasons You Want Boeing Stock in Your Portfolio Investors also gave the company a little credit for the launch of a couple early-stage trials of autoimmune drug NKTR-358, which has drawn the interest of Eli Lilly (NYSE:LLY). Though its NKTR-214 looks to be a bust as a means of improving PD-1 treatments, the market may be thinking it treated NKTR stock too harshly in response. Copart (CPRT)Copart (NASDAQ:CPRT) isn't exactly a household name, though it may have a place in some portfolios.The company is predominantly an automobile auction outfit, able to handle sales of fleet vehicles as well as it can offload cars for individuals. It's especially well known as a buyer of junked or un-drivable cars and a seller of salvageable parts.It's an interesting business. Whereas automobile manufacturers like Ford Motor (NYSE:F) or General Motors (NYSE:GM) are now facing the downside of 2015's so-called "peak auto," in many regards that's proven beneficial for Copart. The cars those drivers replaced had to be dealt with somehow, and given that most of Copart's auctions are consigned auctions, the company has a plentiful, low-to-no cost supply of inventory. Mostly though, it's a non-cyclical business that's expected to grow revenue by 10% this year.CPRT stock may only be up about 10% so far this year, but it was one of the hardest-hit U.S. stocks during the fourth quarter. That leaves plenty of room for more recovery. Dentsply Sirona (XRAY)Dentsply Sirona (NASDAQ:XRAY) is a manufacturer of equipment and supplies for the dentistry industry … a boring lineup that has been reasonably consistent (even if not perfect) in terms of revenue growth.That reliability did the stock little good for the better part of last year. Between its January high and October low, XRAY stock was cut in half, primarily due to deteriorating revenue and profits that most investors didn't expect. By the time all was said and done, shares reached a seven-year low in the latter part of last year. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Though some degree of selling was certainly understandable, the bears arguably overshot. The 26% rebound since the end of October says investors are correcting their mistake in front of what should be a turnaround year. Analysts are only calling for about 2% sales growth in 2019, but that should be enough to improve per-share profits by 11%. Chipotle Mexican Grill (CMG)There was a time not too long ago when investors and consumers were wondering if Chipotle Mexican Grill (NYSE:CMG) would ever shrug off the impact of its 2015 E. coli debacle. Consumers were anything but quick to forget and forgive.Last quarter's results, however, suggest the new mix of management may be just what the struggling Tex-Mex eatery needed. Same-store sales improved 6.1%, while total revenue grew 10% thanks to store openings. Perhaps most compelling of all, however, was the earnings beat. Analysts were calling for a profit of $1.37 per share, but Chipotle reported income of $1.72 per share.There's still work to be done, to be sure. But, the work that's been done so far has been enough to drive CMG stock to a 40% gain since the end of last year. Bausch Health Companies (BHC)Bausch Health Companies (NYSE:BHC) has had a surprisingly tough past three years, although most of that pain played out while it was still called Valeant Pharmaceuticals … the company that racked up too much debt buying small-market drugs only to find political and societal pushback on its aggressive pricing policies at the worst possible time. With the proverbial party abruptly coming to a close in late 2015, Valeant shares lost roughly 97% of their value between July of 2015 and mid-2017.It's curious though. With very little fanfare despite measurable (albeit slow) fiscal progress, BHC stock has made nothing but higher lows and higher highs since the middle of 2017. * The 9 Best Stocks to Invest In During a Manic Market The 47% gain from its December low is exaggerated thanks to the steep pullback preceding that reversals, but the bullish high-low pattern has become pretty reliable. Foot Locker (FL)By the middle of 2017, the athletic apparel industry -- and the athletic shoe industry in particular -- was in trouble. Celebrity endorsements had become gratuitous and expensive, peaking right as consumers grew tired of paying big prices just to wear the same sneakers that stars like Kevin Durant and LeBron James wear.Mike Packer, owner of Packer Shoes, explained the then-brewing dilemma a year earlier, saying "Over the last two years, companies have taken retro basketball and in-line product and spun off too many colors, too many stories. … Some of these models are being brought to market for their third or fourth time. It loses the allure."The shift took its toll on Foot Locker (NYSE:FL) stock. Shares tumbled more than 60% in 2017.Things have been different in the meantime, however. Realizing it has to get back to basics and work strategically with key suppliers like Nike (NYSE:NKE), the retailer has hammered out enough improvements to drive a 20% gain from its December low. That latest bullish leg extends a quiet winning streak that now goes back a full year.As of this writing, James Brumley held a long position in Foot Locker. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post 9 U.S. Stocks That Are Coming to Life Again appeared first on InvestorPlace.
Zynga (NASDAQ: ZNGA) is a hot stock again. After years of trading in a range following its fall-out with Facebook (NASDAQ: FB) a few years, ago, Zynga's pivot into the mobile gaming market is paying off in a big way, and it's reviving Zyna stock.Not only are established titles holding up but the company's path forward is clear. Recent acquisitions plus a shift away from ad revenue and towards user pay will complete Zynga's turnaround story.Even at new 52-week highs, with valuations on the higher end of the spectrum, investors will probably win on the bet that Zynga will report profits accelerating.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Next 10 Months Q4 Results and Zynga StockZynga reported bookings growth of 19.4%, to $267.3 million. GAAP EPS came in flat at $0.00, meeting estimates. Operating cash flow of $90 million is highly notable because it is the best performance since Q4/2011, back when the gaming firm relied on the Facebook platform for its games.Zynga's biggest revenue driver is from mobile revenue, which grew 12% Y/Y to $228 million. Mobile bookings grew 26% to $248 million.Zynga's mobile revenue split tells two different stories. User pay revenue grew 8% to $158 million, compared to the 23% Y/Y growth for mobile advertising revenue of $69 million.Importantly, due to the global economic slowdown and a shift in consumer habits, the company expects gross margin pressure for 2019. Unfortunately for investors, Zynga will post less detailed metrics going forward. Even though Apple (NASDAQ: AAPL) stopped reporting iPhone unit counts, sending the stock lower at the time, markets were not concerned with Zynga. Strong Balance SheetThe positive cash flow is not the only strong number that investors should like. The company has $581 million in cash, cash equivalents, and short term investments, with $100 million in debt outstanding included, net cash is $481 million.Add back the $100 million in the revolving credit facility remaining because that would give the firm the funds it might need to make acquisitions. Zynga is looking at other ways to increase its cash reserves for this purpose.This includes a potential leaseback of its San Francisco building, plus more debt financing alternatives. Growth Through AcquisitionsZynga has a decent track record for growing its business through acquisitions. Its buyout of Gram Games and Small Giant Games closed recently. Not only does it gain talented staff, but it adds two franchises to its portfolio: Merge Dragons! and Empire & Puzzles.Small Giant is fundamentally strong because it is growing organically. High levels of marketing investments have an incrementally better rate of return as a result. Investors should still expect the operating margin growth of over 20% will happen eventually, probably in late 2019 into 2020.Zynga is exercising constraint with how much it is investing in Small Giant. If the overall business grows at a better pace, look for the firm increasing its marketing and operating expenses spend.For 2019, these acquisitions will give bookings growth a boost over its revenue growth. Empire & Puzzles will launch in the second half of this year and will add a whopping $200 million in net increased deferred revenue. Valuation on Zynga StockOf the 10 analysts covering ZNGA stock, the average price target is $5.43, implying an upside of 12 percent. Following Zynga's earnings report, five analysts reiterated a "buy" while two analysts reiterated a "hold."The Revenue Multiples Model crunches out a 20% downside for the stock. In this approach, Zynga has unfavorable valuations compared to Electronic Arts (NASDAQ: EA), Take-Two (NASDAQ: TTWO), Glu Mobile (NASDAQ: GLUU) and Activision (NASDAQ: ATVI).Zynga's forward EV/Fwd. EBITDA is 21.4 times, compared to Activision or EA at 12.3 times and 12.2 times, respectively.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post These Catalysts Make Zynga Stock a Buy 2019 and Beyond appeared first on InvestorPlace.
The layoffs, first reported by Bloomberg on Friday, is in response to sluggish sales as the company faces steep competition and a decline of brick-and-mortar sales.
Zynga Inc NASDAQ/NGS:ZNGAView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for ZNGA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding ZNGA totaled $4.01 billion. Additionally, the rate of outflows appears to be accelerating. 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 (NASDAQ: ZNGA ) stock jumped Thursday after the company reported better-than-expected fourth-quarter revenue growth and issued 2019 bookings guidance above consensus expectations. Zynga management ...
Heading into this week, of the major U.S. video gaming stocks, Take Two Interactive (NASDAQ:TTWO) had done best recently. But that's hardly an accomplishment, as the whole sector has gotten walloped. Wednesday's dismal trading action did nothing to change that perspective. After years of outperformance, investors are reconsidering just how strong the runway is for gaming stocks going forward.Yes, the transition to subscription and micro-payment revenues has caused rising fortunes in the industry. But a lot of the easy pickings are already out of the way. What will drive further growth going forward?Well, for TTWO stock in particular, it has the strongest lineup of blockbuster games at the moment. Red Dead Redemption 2 became one of the fastest-selling games of all time, blowing away the estimates for its launch. On top of that, Take Two has more highly anticipated offerings coming up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips TTWO Stock: Analysts Vs. InvestorsI suspect that many investors have been nervous to get back into TTWO stock. Due to the dreadful performance of video gaming stocks lately, it feels risky. I understand that sentiment. However, with all three major competitors down at least 10% on Wednesday, the relative valuations here have hardly shifted. Take Two was the best option heading into earnings, and, having had a decent report -- stock performance not withstanding -- it should come out of this correction the strongest. * The 9 Best Stocks to Invest In During a Manic Market Almost all signs were pointing upward for Take Two heading into Wednesday's earnings report. Analysts were piling on board. At least six different investment banks have either raised their guidance for earnings this quarter or freshly rated the stock a buy within the past month. And the analysts weren't wrong. Take Two topped revenue guidance, bringing in $1.57 billion against the $1.5 billion consensus estimate.What had the analysts so excited for TTWO stock heading into earnings? There was one main reason for enthusiasm. The long-awaited Red Dead Redemption 2 launch exceeded expectations. And, as it turns out, the company beat even analysts' already-rising expectations. Let's see what the analysts said. Take Two's Positive MomentumColin Sebastian of Baird kicked things off in early January by reiterating his outperform rating and $145 price target for TTWO stock. However, he raised his EPS guidance for the quarter citing strong and sustained engagement and sales of Red Dead Redemption 2. Shortly thereafter, Stephens launched coverage of TTWO with an outperform rating and a $138 price target. Gabelli followed the next week, relaunching coverage on Take Two with a $136 price target.Deutsche Bank followed that up by starting its coverage of the big gaming stocks. It gave Take Two a big vote of confidence, giving it the only buy rating of the three leaders. While suggesting that TTWO stock is a buy, Deutsche said that both EA (NASDAQ:EA) and Activision Blizzard (NASDAQ:ATVI) were mere holds. It prefers Take Two due to its faster growth rates.Heavyweight Goldman Sachs came to a similar conclusion as Deutsche Bank. It also issued ratings for the gaming companies. Goldman has TTWO stock and Zynga (NASDAQ:ZNGA) as buys while it views EA and Activision as holds. Goldman specifically likes that Take Two has other near-term catalysts in the pipeline. For example, these include the launches of Borderlands 3 and the latest outing of Grand Theft Auto. Activision, their analyst argued, lacks a compelling new release prior to Diablo 4, which is several years off. Take Two Is a Takeover TargetWe haven't heard that much about video games stocks as potential takeover targets lately. Perhaps due to the large players all being in the same league in terms of size, it's not especially likely that any of the big three U.S. names would want or be able to acquire another one.However, there could be another suitor. Brandon Ross of BTIG joined the group of analysts excited for Take Two stock. Monday, he suggested that big tech companies including Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) or Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will want to buy one of the large gaming shops. Microsoft seems particularly logical, given their Xbox platform. But it's quite conceivable any of those tech titans could make use of a video game makers data, loyal fanbase, and increasingly subscription-based revenues that Wall Street loves so much.In particular, Ross cited Take Two as the best takeover target of the major gamemakers. Ross stated that Take Two is the best candidate "given it is both digestible and has perhaps the best AAA content in the world," Like the other analysts, he is enthused about Red Dead Redemption 2 sales and the potential for huge ongoing revenues from its online experience.He is also one of the most bullish on TTWO stock heading into earnings; he has a $142 price target. TTWO Stock VerdictThere is a great deal of concern around the gaming stocks. This week's developments won't help sentiment either. Take Two came up short of investors' lofty wishes, despite topping analyst guidance. Additionally, on Tuesday, after the bell, EA announced a lousy quarter, sending the stock sharply lower. Activision stock also dropped 10% on Wednesday in sympathy with its peers.Investors have had high expectations for the sector, and there has been some painful readjustment to those outlooks in recent months.However, of the bunch, TTWO stock looks the most attractive. Activision still has to report earnings, and analysts are already downbeat there. EA released a much worse quarter than Take Two. And of the three, Take Two still has the best outlook for the rest of 2019. With the stock now down 50 points from the highs, this is an interesting opportunity for investors wanting to buy into the gaming sector.At the time of this writing, Ian Bezek held no positions in the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post Take Two Stock Can Win Again After Earnings Loss appeared first on InvestorPlace.
HENDERSON, NV / ACCESSWIRE / February 7, 2019 / Technology stocks extended their best rally in almost a month after Facebook Inc. reported fourth-quarter revenue that exceeded the most optimistic of analyst ...
Zynga Inc. ended 2018 with faster-growing sales and bookings, and expects that trend to increase in 2019, but profit could be a problem.
Zynga (ZNGA) delivered earnings and revenue surprises of -50.00% and 2.67%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
The San Francisco-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense, were 2 cents per share. The results missed Wall Street expectations. ...
Zynga earnings (NASDAQ:ZNGA) were unveiled after Wall Street closed on Wednesday, with the company's results coming in mixed and sending ZNGA stock higher late in the day. Source: Flickr The mobile game developer -- based out of San Francisco -- posted fourth-quarter net income of $559,000, or less than a penny per share to close out its fiscal 2018. The company added that it brought in an adjusted EBITDA of roughly $37.1 million for the period. Analysts were calling for Zynga to report GAAP earnings at the break-even mark, while expecting adjusted EBITDA of roughly $50.8 million, according to data compiled by FactSet. Its revenue reached $248.7 million, while bookings -- which indicate future business it has on tab -- tallied up to $267.3 million. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wall Street was calling for revenue of $244.1 million, as well as bookings of $259.6 million, according to FactSet. For its first quarter of its fiscal 2019, Zynga predicts a net loss of $59 million, or 6 cents per share, as well as an adjusted EBITDA loss of $29 million. Analysts project the company to bring in an adjusted EBITDA of $48.8 million, per FactSet. The developer is also expecting the first quarter to rake in sales of $240 million and bookings of $325 million, while Wall Street sees the company's sales at $265.5 million and its bookings at $294 million, per FactSet. ZNGA stock was gaining about 4.4% after the bell Wednesday as the company's billings were a positive during the period. Shares had been sliding more than 1.5% during regular trading hours in anticipation of the company's latest results. ### More From InvestorPlace * 7 Stocks That Won Super Bowl Sunday * 10 F-Rated Stocks That Could Break Your Portfolio * The 9 Best Stocks to Invest In During a Manic Market Compare Brokers The post Zynga Earnings: ZNGA Stock Surges on Q4 Earnings Miss, Billings Beat appeared first on InvestorPlace.
Key InsightsThe results support claims by Chief Executive Officer Frank Gibeau that he has turned around the social-gaming company after years of struggles. San Francisco-based Zynga said that accounting rules explained the revenue shortfall. After early hits such as FarmVille and Zynga Poker peaked, the company has fought to win back territory on users’ devices.