|February 4, 2014|
|12:44 EDT||ZNGA, GLUU||Zynga advances following UBS upgrade to Buy|
Shares of digital and mobile video game maker Zynga (ZNGA) are climbing after research firm UBS upgraded the stock in a note to investors earlier today. WHAT'S NEW: Zynga's core operations have started to stabilize under its new management team, while the company's recently announced cost cuts should prevent its profit margins from falling, according to UBS. The firm also believes that Zynga's acquisition of mobile game and technology developer NaturalMotion will enable Zynga to increase the innovation and scale of its mobile games. It upgraded Zynga to Buy from Neutral and increased its price target on the stock to $6 from $4. WHAT'S NOTABLE: On January 30, Zynga reported stronger than expected results and announced that it was reducing its workforce by 15%. The company also announced that it was buying NaturalMotion. Zynga's shares rallied on the news. PRICE ACTION: In early afternoon trading, Zynga advanced 23c, or 5%, to $4.72. Also rising are shares of another mobile video game maker, Glu Mobile (GLUU), which climbed about 4% to $4.02.
News For ZNGA;GLUU From The Last 14 Days
Check below for free stories on ZNGA;GLUU the last two weeks.
|July 31, 2014|
|11:18 EDT||GLUU||Glu Mobile downgraded to Hold from Buy at Benchmark Co. (pre-open)|
Benchmark Co. downgraded Glu Mobile to Hold before the market opened with a $6.74 price target following the company's Q2 results.
|08:06 EDT||GLUU||Glu Mobile price target raised to $8 from $5.50 at Canaccord|
Canaccord raised its price target on Glu Mobile to $8 from $5.50 following its Q2 results, citing strong bookings, strength from existing games, and its acquisition of Cie Games. The firm feels momentum will continue as several games are scheduled for the second half of the year and keeps its Buy rating on the stock.
|06:07 EDT||ZNGA||Zynga August volatility elevated into Q2 and growth outlook|
Zynga August call option implied volatility is at 81, September is at 78, December is at 61; compared to its 26-week average of 65 according to Track Data, suggesting large August price movement into the expected release of Q2 results on August 7.
|July 30, 2014|
|18:54 EDT||GLUU||On The Fly: After Hours Movers |
UP AFTER EARNINGS: VistaPrint (VPRT), up 20.6% after reporting better than expected quarterly results and guiding fiscal 2015 higher than analyst estimates... Mobileiron (MOBL), up 16.5%... LivePerson (LPSN), up 10.6%... Equinix (EQIX), up 1.1%... Whiting Petroleum (WLL), up 1.2%. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 9.9% after reporting second quarter results and that it will acquire Cie Games for $100M in cash and stock... ServiceNow (NOW), down 5.8%... Akamai (AKAM), down 5.3%... Westell Technologies (WSTL), down 7.5%... Solazyme (SZYM), down 4%... Whole Foods (WFM), down 3.4% after reporting third quarter results and guidance for the fourth quarter and fiscal 2014... Kraft Foods (KRFT), down 1.6%... Lam Research (LRCX), down 1.6%... Yelp (YELP), reverses in after-hours trading and shares are down marginally after reporting a decline in newly added businesses. ALSO LOWER: Penn Virginia (PVA), down 2.1% after announcing that it has sold Eagle Ford Shale acreage rights for $150M... Yum! Brands (YUM), down 5.6% after saying that OSI had a "significant, negative impact" to its sales in China.
|16:34 EDT||GLUU||Glu Mobile acquires Cie Games for $100M in cash, stock|
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|16:32 EDT||GLUU||Glu Mobile sees 2014 EPS 17c-21c, consensus 12c|
Sees 2014 revenue $222M-$232M, consensus $184M.
|16:32 EDT||GLUU||Glu Mobile sees Q3 EPS 9c-11c, consensus 5c|
Sees Q3 revenue $80M-$85M, consensus $51M.
|16:31 EDT||GLUU||Glu Mobile reports Q2 EPS (2c), consensus (4c)|
Reports Q2 revenue $35M, consensus $34M.
|July 25, 2014|
|14:08 EDT||GLUU||Glu Mobile August volatility elevated into Q2 and outlook |
Glu Mobile August call option implied volatility is at 90, September is at 74, January is at 63; compared to its 26-week average of 75 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 30.
|July 21, 2014|
|13:44 EDT||GLUU||Glu Mobile price target raised to $10 from $6 at Cowen|
Cowen increased its price target on Glu Mobile as the firm hiked its FY14 EPS estimate for the company to 26c from 3c. Most of the increase will be reflected in the company's Q3 results, Cowen stated. The firm said it was raising its estimates based on the strong performances of two of the company's new games, Kim Kardashian: Hollywood and Dino Hunter: Deadly Shores. Cowen continues to identify the stock as its top overall idea and kept an Outperform rating on the shares.