Zynga: Don't Fear Q4 Earnings Release
- Zynga plunges prior to the release of Q4 earnings.
- The stock trades at valuations reminiscent of Glu Mobile prior to the recent post-earnings rally.
- At this valuation, Zynga doesn't need any catalysts for a rally; however, a couple of new games provide the opportunity for a big hit at last.
The market is spooked by some of the large selloffs after stocks report weak Q4 numbers or provide tepid forward guidance. The key though is to understand where the stock comes from heading into the earnings release.
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