Zynga (ZNGA) PT Cut at Benchmark Post Q2
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Zynga (ZNGA) Pares Losses
August 8, 2014 3:53 PM EDTZynga (NASDAQ: ZNGA) gained heading into the close of trading Friday, nearly erasing heavy losses from early in the session.
... MoreZynga (ZNGA) Price Target Reduced to $3 at Goldman Sachs
August 8, 2014 9:37 AM EDTGoldman Sachs maintained a Neutral rating on Zynga (NASDAQ: ZNGA) and lowered its price target to $3.00 (from $4.00).
Analyst Heath P. Terry said, "Zynga reported 2Q gross bookings of $175mn (-7% yoy vs. -30% in 1Q),... More
Zynga (ZNGA) PT Cut to $3 at Piper Jaffray
August 8, 2014 8:17 AM EDTPiper 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 to $3 at Macquarie
August 8, 2014 7:51 AM EDTMacquarie 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) PT Chopped to $3 at Baird
August 8, 2014 7:47 AM EDTBaird analyst Colin Sebastian reiterated a Neutral rating and cut his price target on Zynga (NASDAQ: ZNGA) to $3.00 (from $4.00) following Q2 miss.
Sebastian commented, "While ZNGA is making progress on its previously stated strategic shift (mobile focus, new game categories, operational improvements), the... More
Wedbush Comments on Zynga (ZNGA) Following Q2 Results
August 8, 2014 7:45 AM EDTWedbush maintained an Outperform rating on Zynga (NASDAQ: ZNGA) with a modified price target of $6.00 (from $7.00). Analyst Michael Pachter said FY bookings guidance appears reasonable.
"Over the first half of the year, Zynga has generated $336 million in bookings, and its Q2 performance puts it at a run rate of $686 million. We believe that... More
Zynga (ZNGA) Reports In-Line Q2 EPS, Lowers Guidance
August 7, 2014 4:03 PM EDT(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
