on a move above current resistance, which was hit perfectly after-hours.
Relatively good risk/reward as old current resistance as support.
Indicators very and staging a nice reversal.
The nature of the is sure to attract interest, the stocks is well valued for having such outstanding growth.
8% short interest adds fuel to they bulls rally.
Zynga (NASDAQ:ZNGA) has moved up 3.1% after hours following Q3 where it hit records for quarterly revenue and bookings and raised its full-year forecast.
Revenues grew 48% to $345. 3M ; of that, mobile revenue was $328M, up 54%.
Bookings rose 59% to $395M; of that, mobile bookings rose 64% to $378M.
Mobile user pay also hit records, with revenue up 78% to $266M and bookings up 90% to $316M.
Net income, meanwhile, was $230M, aided by a one-time gain from the lucrative sale of its San Francisco building.
Operating cash flow rose 67% to $69M; liquidity was $1.45B as of quarter's end.
It's boosting 2019 guidance to $1.28B in revenue (a 41% gain) and increasing bookings guidance to $1.55B (up 59%). For Q4, it sees revenue of $365M and bookings of $415M (vs. consensus for $356.2M) and a net loss of $4M.
Source Seeking Alpha
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. The company was founded by Mark Jonathan Pincus on April 19, 2007 and is headquartered in San Francisco, CA.