Category: Games

AMD – Advanced Micro Devices Inc.

Negotiating to Buy Xilinx Inc

“Advanced Micro Devices Inc. is in advanced talks to buy rival chip maker Xilinx Inc., according to people familiar with the matter, in a deal that could be valued at more than $30 billion and mark the latest big tie-up in the rapidly consolidating semiconductor industry. AMD and XLNX’s marriage will likely benefit both companies and allow them to compete better against rivals like Intel (INTC).” 

Zynga Launches Tiny Royale™ On Snap

The Bite-Sized Battle Royale Game is Available Now on Snapchat’s Multiplayer Gaming Platform

SAN FRANCISCO–(BUSINESS WIRE)–Jun. 5, 2019– Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, today announced the launch of its fast-paced battle royale game, Tiny Royale™, exclusively on Snap Inc’s (NYSE: SNAP) new real-time multiplayer gaming platform, Snap Games.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190605005048/en/

Tiny Royale™ is a top-down multiplayer shooter that reinvents the battle royale experience for the Snapchat platform. Tiny Royale™ lets players choose custom characters and squad up with friends or battle solo for quick two-minute rounds to loot and shoot their way to victory. Up to 30 players can battle at a time, forming squads of up to four friends. As players progress they can unlock characters and collect weapons and health packs while the map shrinks during the match until only one player, or team, remains.

“We are thrilled to be one of the first companies to launch a gaming experience on Snapchat,” said Bernard Kim, President of Publishing at Zynga. “Game developers rarely get the opportunity to create an entirely new experience on an emerging platform so our team was excited to remix the battle royale genre into a fast-paced game designed to rock on Snap Games.”

Zynga is a global leader in interactive entertainment with a mission to connect the world through games. To date, more than one billion people have played Zynga’s franchises including CSR Racing™, Empires & Puzzles™, Merge Dragons!™, Words With Friends™ and Zynga Poker™. Zynga’s games are available in more than 150 countries and are playable across social platforms and mobile devices worldwide. Founded in 2007, the company is headquartered in San Francisco with locations in the U.S., Canada, U.K., Ireland, India, Turkey and Finland. For more information, visit www.zynga.com or follow Zynga on Twitter and Facebook.

Snap Inc. is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. For more information, visit snap.com.

Zynga Earnings: ZNGA Stock Soars

Zynga (NASDAQ:ZNGA) unveiled its latest quarterly earnings results late today May 1, 2019 , bringing in an adjusted loss that failed to meet Wall Street’s expectations, yet a higher guidance for its current fiscal year helped to lift ZNGA stock more than 9% after hours.

The organization now sees its annual revenue as surging to $1.2 billion, marking a $50 million increase to its previous forecast. The company also added $100 million to its bookings guidance, which is now at $1.45 billion. ZNGA stock was sliding about 2.7% during regular trading hours as the company geared up to reports its latest quarterly figures. A strong outlook for the current year played a role in Zynga shares surging about 9.4% after the bell Wednesday.

Zynga +13.8% Analysts Upgrade on Strong Q1

Zynga (NASDAQ:ZNGA) is up 13.8% premarket after posting record mobile revenue and bookings in its Q1 results last night.

Pointing to those results, Baird upgraded the stock to Outperform from a previous Neutral. Analyst Colin Sebastian raised his price target to $8 from $5, implying 45% upside.

A more cautious Barclays also upgraded, to Equal Weight from Underweight, pointing to the easing of concerns in outlook for growth and margins. The firm raised its price target to $6 from $4.60; shares closed yesterday at $5.51.

Zynga Inc. (ZNGA)

Zynga Inc. develops, markets, and operates social games as live services in the United States and internationally. It is one of the fastest growing mobile gaming platforms in the world that garnered annual bookings of $1 billion last year.

Furthermore, Zynga is expected to launch nine games over the next two years in order to retain players and increase their engagement. By the way, the company has signed licensing deals with Game of Thrones, Harry Potter and Star Wars. Thanks to these, Zynga is positioned to be the fastest growing gaming stock and it won’t be a surprise if the likes of Apple take Zynga over in the near future.

The company’s expected earnings growth rate for the current year is 162.5%, way more than the Gaming industry’s projected rise of 12%. The company has outperformed the broader industry in the past month (+6.2% vs -5.6%).