Wedbush Comments on Zynga (ZNGA) Following Q2 Results

Zynga (ZNGA) Pares Losses

Zynga (NASDAQ: ZNGA) gained heading into the close of trading Friday, nearly erasing heavy losses from early in the session.

Zynga (ZNGA) PT Cut to $3 at Piper Jaffray

Piper Jaffray analyst Michael Olson reiterated a Neutral rating on Zynga (NASDAQ: ZNGA) and lowered his price target to $3.00 (from $4.50) following Q2 bookings and EBITDA below expectations and lowered FY guidance.

"The primary reason behind the miss and lowered guidance was the delay of... More

Zynga (ZNGA) PT Cut at Benchmark Post Q2

Benchmark analyst Mike Hickey reiterated a Hold rating and cut his price target on Zynga (NASDAQ: ZNGA) to $2.83 (from $3.08) following weak Q2 results and outlook.

Hickey commented, "We view the Company's return profile as neutral; benefiting from a meaningful valuation contraction (up 7.4% from 52... More

Zynga (ZNGA) PT Cut to $3 at Macquarie

Macquarie analyst Ben Schachter reiterated a Neutral rating and lowered his price target on Zynga (NASDAQ: ZNGA) to $3.00 (from $4.00) following 2Q results which showed bookings and adj. EBITDA were 7% & 25% below the firm's estimates, respectively.

Schachter commented, "ZNGA still believes that it can... More

Zynga (ZNGA) Reports In-Line Q2 EPS, Lowers Guidance

(Updated - August 7, 2014 4:05 PM EDT)

Zynga (NASDAQ: ZNGA) reported Q2 EPS of $0.00, in-line with the analyst estimate of $0.00. Revenue for the quarter came in at $153.2 million versus the consensus estimate of $191.21 million.

Zynga sees Q3 EPS of ($0.01)-$0.00, versus the consensus of $0.01. Zynga sees FY2014 revenue of $160-170 million, versus the consensus of $195.3... More