Having easily outperformed Tencent and Netease, confidence is high going into earnings. The stock price is ready to make a breakout above resistance from 2014 , fueled by increased revenue partly from hit game
‘Empires & Puzzles’ which could be over 30% of total revenue. It is a risky stock given the high P/E ratio but we will see if growth can catch up with the pace of the stock price rise. If we get a breakout a healthy reward awaits.
Company Description
Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple's iOS operating system and Google's Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What's The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.
‘Empires & Puzzles’ which could be over 30% of total revenue. It is a risky stock given the high P/E ratio but we will see if growth can catch up with the pace of the stock price rise. If we get a breakout a healthy reward awaits.
Company Description
Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple's iOS operating system and Google's Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What's The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.