Zynga Announces First Quarter 2015 Financial Results

Wedbush Retains Their Bullish Views on Zynga (ZNGA) After Q1 Upside

Wedbush maintains their Outperform rating on Zynga, Inc. (NASDAQ: ZNGA) and $6 price target following a solid 1Q15. ZNGA's reports showed that they beat their bookings guidance by a considerable amount. Their 1Q bookings were $167 million vs. Wedbush's $150 million estimate, and guidance of $140-150 million.... More

Needham & Company Reinstates Zynga (ZNGA) at Buy, $3.50 PT

Needham & Company reinstates coverage on Zynga (NASDAQ: ZNGA) with a Buy rating and a price target of $3.50 following Q1 beat

Analyst Sean McGowan commented, "ZNGAs 1Q results were better than our estimates, consensus and guidance, with strong bookings in casino games driving bookings... More

Janney Raises Zynga (ZNGA) Fair Value Target Following 1Q Results

Janney Capital Markets maintains their Neutral rating on Zynga, Inc. (NASDAQ: ZNGA) and increase their fair value target to $2.75 (from $2.50) following a slight improvement in 1Q15.

Janney Capital Markets analyst Tony Wible said, "We are pleased with management's discipline, as the business... More

Zynga (ZNGA) Misses Q1 EPS by 3c, Revenue Beats, Cuts Workforce, Q2 Rev. Guidance Beats

Zynga (NASDAQ: ZNGA) reported Q1 EPS of ($0.05), $0.03 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $183 million versus the consensus estimate of $147.7 million.

Zynga sees FY2015 EPS of ($0.02), versus the consensus of ($0.02). Zynga sees FY2015 revenue of $175-190 million, versus the consensus of $156.00 million.

Cost Reduction Plan

Today, Zynga announced a cost reduction plan expected to generate pre-tax savings of approximately $100 million, excluding... More