Zynga (ZNGA) Reports In-Line Q4 EPS, Offers Q1 Guidance
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Wedbush Cuts Price Target Following Zynga's (ZNGA) Conservative 1Q Guidance
February 11, 2016 9:01 AM ESTWedbush maintained an Outperform rating on Zynga (NASDAQ: ZNGA), and cut the price target to $4.25 (from $5.50), following the company's 4Q. 1Q guidance was below the Streets expectations, as Zynga opted for a slower rollout of its 2016 releases than originally anticipated. Initial guidance shows bookings of $150 165 million and adjusted EBITDA of $(10) 0 million, compared with... More
Zynga (ZNGA) Pipeline Improving - Sterne Agee CRT
February 11, 2016 6:51 AM ESTSterne Agee CRT analyst, Arvind Bhatia, thinks Zynga (NASDAQ: ZNGA) outlook may be improving. Although ZNGAs overall mobile audience declined 5% q/q, the core franchises all saw improvement. With 10 new games expected in 2016 (including 6 currently in soft launch), the pipeline seems improved
ZNGA continues its transition to becoming a mobile... More
'FarmVille' creator Zynga forecasts lower-than-expected bookings
February 10, 2016 4:08 PM EST(Reuters) - "FarmVille" creator Zynga Inc forecast lower-than-expected bookings in the current quarter, as the company expects to release only one game in the period.
The company forecast bookings in the range of $150 million-$165 million, below the average analyst estimate of $177.3 million expected by research firm FactSet StreetAccount.
Bookings are a closely watched... More
