Monday, August 10, 2015

Zynga: The Turnaround Is Now Firmly Planted


  • Zynga continues making progress in mobile due to the surprise success of two slots games.
  • The stability of core franchises on the web will eventually help propel bookings higher.
  • Zynga is an extreme value as the stock bounces off the recent lows.
While a lot of media debated the quality of the Q2 earnings report of Zynga (NASDAQ:ZNGA), the results were unquestionably stronger than presented. As investors absorbed the numbers, the stock eventually bounced off the lows of $2.45, near the all-time lows reached late last year.


Read the full article at Seeking Alpha.


Disclosure: Long ZNGA. Please review the disclaimer page for more details.




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