"Farmville" creator Zynga's CFO steps down
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Zynga's (ZNGA) Return Profile Viewed as Positive by Benchmark; PT Moves to $3.25
November 4, 2015 9:00 AM ESTBenchmark is lifting its price target on Buy-rated Zynga (Nasdaq: ZNGA) from $3.01 up to $3.25 following Q3 results and outlook issued Tuesday night.
Analyst Mike Hickey commented: We view the Companys return profile as positive; were encouraged by the Companys strong balance... More
Zynga (ZNGA) Post Good Q3 Results but Title Delays and CFO Departure Shift the Spotlight to 2016
November 4, 2015 7:43 AM ESTColin Sebastian of Baird published an earnings recap on Zynga (NASDAQ: ZNGA) that highlights both the upside in the quarter and the challenges the company will face over the next 12 months. Notes follow:
Zynga reported bookings and EBITDA margin well above expectations. Bookings of $176 million were above consensus of $171 million, driven by Zynga Casino and Words with Friends advertising growth. However, user growth remains... More
